Farm Credit Mid-america Aca Mortgage Rates, Fees & Info

Louisville, KY

LEI: 5493006JISETNI0GLE61

Tax ID: 61-1355156

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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    • Review & Overview

    Farm Credit Mid-america Aca is a smaller mortgage company specializing in Home Purchase and Refi loans. Farm Credit Mid-america Aca has a high proportion of conventional loans. Their top markets by origination volume include: Nashville, Cincinnati, Columbus, Knoxville, and Indianapolis among others. We have data for 187 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Farm Credit Mid-america Aca has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Farm Credit Mid-america Aca is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.99% 4/21/24
    30 Year Conventional Refi 6.99% 4/21/24
    15 Year Conventional Purchase 6.92% 4/21/24
    15 Year Conventional Refi 6.73% 4/21/24
    15 Year Cash-out Refi 6.73% 4/21/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Farm Credit Mid-america Aca Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Farm Credit Mid-america Aca. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    2,808

    Origination Dollar Volume (All Markets)

    $737,160,000

    Awards

    Farm Credit Mid-America ACA 30 Year Conventional Loans gold Farm Credit Mid-America ACA 30 Year Conventional Loans gold
    Show all (2) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Outside of Metro Areas 639 $144,455,000 $226,064 $7,578 4.33%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 271 $96,855,000 $357,399 $10,675 4.42%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 95 $28,605,000 $301,105 $8,284 4.44%
    COLUMBUS, OH (FHA|USDA|VA) 95 $28,555,000 $300,579 $8,764 4.53%
    KNOXVILLE, TN (FHA|USDA|VA) 72 $22,550,000 $313,194 $10,167 4.19%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 86 $22,100,000 $256,977 $7,739 4.42%
    LOUISVILLE, KY (FHA|USDA|VA) 63 $19,205,000 $304,841 $9,010 4.64%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 57 $16,055,000 $281,667 $9,141 4.34%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 35 $10,395,000 $297,000 $9,269 4.41%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 29 $9,015,000 $310,862 $8,428 4.48%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 37 $8,905,000 $240,676 $8,117 4.37%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 21 $8,425,000 $401,190 $8,444 4.25%
    BOWLING GREEN, KY (FHA|USDA|VA) 29 $8,395,000 $289,483 $8,416 4.31%
    MORRISTOWN, TN (FHA|USDA|VA) 31 $8,045,000 $259,516 $8,612 4.32%
    JOHNSON CITY, TN (FHA|USDA|VA) 24 $7,440,000 $310,000 $10,492 4.25%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 43 $7,225,000 $168,023 $6,621 4.42%
    Wooster, OH (FHA|USDA|VA) 31 $7,165,000 $231,129 $7,696 4.48%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 20 $7,100,000 $355,000 $11,225 4.29%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 29 $6,715,000 $231,552 $8,102 4.28%
    TERRE HAUTE, IN (FHA|USDA|VA) 13 $6,555,000 $504,231 $6,297 4.03%
    FORT WAYNE, IN (FHA|USDA|VA) 17 $6,405,000 $376,765 $7,708 4.31%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 31 $5,865,000 $189,194 $7,493 4.42%
    Shelbyville, TN (FHA|USDA|VA) 22 $5,810,000 $264,091 $10,087 4.43%
    New Philadelphia-Dover, OH (FHA|USDA|VA) 20 $5,650,000 $282,500 $9,778 4.44%
    Athens, TN (FHA|USDA|VA) 13 $5,455,000 $419,615 $7,769 4.56%
    Greeneville, TN (FHA|USDA|VA) 20 $5,230,000 $261,500 $7,485 4.41%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 15 $5,025,000 $335,000 $11,619 4.17%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 18 $4,880,000 $271,111 $7,015 4.28%
    OWENSBORO, KY (FHA|USDA|VA) 17 $4,745,000 $279,118 $8,537 4.51%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 15 $4,645,000 $309,667 $8,329 4.08%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 20 $4,490,000 $224,500 $5,660 4.17%
    Cambridge, OH (FHA|USDA|VA) 20 $4,350,000 $217,500 $7,589 4.44%
    AKRON, OH (FHA|USDA|VA) 18 $4,300,000 $238,889 $8,724 4.46%
    Ashtabula, OH (FHA|USDA|VA) 23 $4,205,000 $182,826 $6,658 4.43%
    Ashland, OH (FHA|USDA|VA) 17 $4,165,000 $245,000 $8,287 4.72%
    Lewisburg, TN (FHA|USDA|VA) 11 $4,145,000 $376,818 $10,944 4.10%
    Cookeville, TN (FHA|USDA|VA) 22 $3,940,000 $179,091 $7,091 4.32%
    WHEELING, WV-OH (FHA|USDA|VA) 12 $3,940,000 $328,333 $9,861 4.33%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 18 $3,850,000 $213,889 $7,028 4.46%
    Bellefontaine, OH (FHA|USDA|VA) 17 $3,755,000 $220,882 $6,044 4.20%
    Point Pleasant, WV-OH (FHA|USDA|VA) 12 $3,750,000 $312,500 $6,576 4.64%
    CLEVELAND, TN (FHA|USDA|VA) 12 $3,580,000 $298,333 $9,932 4.42%
    BLOOMINGTON, IN (FHA|USDA|VA) 14 $3,540,000 $252,857 $6,592 4.28%
    JACKSON, TN (FHA|USDA|VA) 15 $3,525,000 $235,000 $8,170 4.48%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 11 $3,485,000 $316,818 $10,715 3.88%
    Plymouth, IN (FHA|USDA|VA) 14 $3,160,000 $225,714 $6,787 4.51%
    Coshocton, OH (FHA|USDA|VA) 13 $3,085,000 $237,308 $7,476 4.15%
    MANSFIELD, OH (FHA|USDA|VA) 13 $3,045,000 $234,231 $7,699 4.11%
    Zanesville, OH (FHA|USDA|VA) 17 $3,045,000 $179,118 $5,784 4.27%
    Wilmington, OH (FHA|USDA|VA) 8 $3,010,000 $376,250 $8,776 4.14%
    Salem, OH (FHA|USDA|VA) 11 $2,955,000 $268,636 $8,245 3.95%
    SPRINGFIELD, OH (FHA|USDA|VA) 10 $2,860,000 $286,000 $8,974 3.98%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 4 $2,860,000 $715,000 $9,812 3.89%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 14 $2,830,000 $202,143 $7,948 4.51%
    Mount Vernon, OH (FHA|USDA|VA) 12 $2,820,000 $235,000 $8,019 4.67%
    Lawrenceburg, TN (FHA|USDA|VA) 13 $2,815,000 $216,538 $8,288 4.58%
    Urbana, OH (FHA|USDA|VA) 12 $2,730,000 $227,500 $8,237 4.45%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 9 $2,635,000 $292,778 $9,187 3.93%
    Warsaw, IN (FHA|USDA|VA) 10 $2,630,000 $263,000 $6,375 4.24%
    Crossville, TN (FHA|USDA|VA) 12 $2,590,000 $215,833 $8,441 4.22%
    Somerset, KY (FHA|USDA|VA) 16 $2,540,000 $158,750 $5,639 4.74%
    Chillicothe, OH (FHA|USDA|VA) 10 $2,300,000 $230,000 $7,702 4.63%
    Bardstown, KY (FHA|USDA|VA) 14 $2,270,000 $162,143 $6,716 4.50%
    Greenville, OH (FHA|USDA|VA) 4 $2,110,000 $527,500 $11,441 4.09%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 10 $2,080,000 $208,000 $6,177 4.57%
    Marietta, OH (FHA|USDA|VA) 10 $2,000,000 $200,000 $6,742 4.08%
    New Castle, IN (FHA|USDA|VA) 8 $2,000,000 $250,000 $6,714 4.17%
    Richmond, IN (FHA|USDA|VA) 8 $1,890,000 $236,250 $7,113 4.96%
    Sevierville, TN (FHA|USDA|VA) 7 $1,865,000 $266,429 $10,066 4.44%
    TOLEDO, OH (FHA|USDA|VA) 11 $1,835,000 $166,818 $6,939 4.78%
    Seymour, IN (FHA|USDA|VA) 5 $1,835,000 $367,000 $7,387 4.11%
    McMinnville, TN (FHA|USDA|VA) 7 $1,675,000 $239,286 $8,467 3.88%
    Marshalltown, IA (FHA|USDA|VA) 6 $1,590,000 $265,000 $8,881 4.04%
    Frankfort, KY (FHA|USDA|VA) 7 $1,525,000 $217,857 $6,943 4.36%
    Bluffton, IN (FHA|USDA|VA) 8 $1,510,000 $188,750 $4,727 4.48%
    Newport, TN (FHA|USDA|VA) 9 $1,495,000 $166,111 $6,935 4.68%
    Kendallville, IN (FHA|USDA|VA) 5 $1,485,000 $297,000 $6,945 4.46%
    TOPEKA, KS (FHA|USDA|VA) 4 $1,470,000 $367,500 $9,015 4.29%
    Decatur, IN (FHA|USDA|VA) 8 $1,460,000 $182,500 $4,963 4.44%
    Sidney, OH (FHA|USDA|VA) 8 $1,450,000 $181,250 $5,746 4.44%
    Paris, TN (FHA|USDA|VA) 7 $1,445,000 $206,429 $7,550 4.40%
    Campbellsville, KY (FHA|USDA|VA) 3 $1,405,000 $468,333 $10,210 4.82%
    Marion, IN (FHA|USDA|VA) 6 $1,380,000 $230,000 $7,252 4.19%
    COLUMBUS, IN (FHA|USDA|VA) 8 $1,360,000 $170,000 $7,152 4.42%
    GRAND ISLAND, NE (FHA|USDA|VA) 4 $1,340,000 $335,000 $6,023 3.71%
    Washington Court House, OH (FHA|USDA|VA) 6 $1,320,000 $220,000 $6,193 4.52%
    Crawfordsville, IN (FHA|USDA|VA) 7 $1,315,000 $187,857 $6,070 4.34%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 7 $1,295,000 $185,000 $6,481 4.48%
    Richmond-Berea, KY (FHA|USDA|VA) 5 $1,245,000 $249,000 $7,637 4.58%
    London, KY (FHA|USDA|VA) 6 $1,240,000 $206,667 $6,951 4.95%
    LINCOLN, NE (FHA|USDA|VA) 3 $1,235,000 $411,667 $11,537 3.63%
    Danville, KY (FHA|USDA|VA) 6 $1,230,000 $205,000 $7,273 3.96%
    Watertown, SD (FHA|USDA|VA) 3 $1,225,000 $408,333 $10,740 4.02%
    Jackson, OH (FHA|USDA|VA) 6 $1,210,000 $201,667 $6,735 4.55%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 8 $1,210,000 $151,250 $6,563 5.01%
    MUNCIE, IN (FHA|USDA|VA) 6 $1,170,000 $195,000 $6,955 4.38%
    Dyersburg, TN (FHA|USDA|VA) 4 $1,160,000 $290,000 $7,902 3.93%
    SIOUX FALLS, SD (FHA|USDA|VA) 5 $1,145,000 $229,000 $8,510 3.48%
    Huntington, IN (FHA|USDA|VA) 5 $1,075,000 $215,000 $6,361 3.93%
    Mount Sterling, KY (FHA|USDA|VA) 6 $1,070,000 $178,333 $5,290 4.15%
    Gillette, WY (FHA|USDA|VA) 3 $1,055,000 $351,667 $9,329 4.00%
    AMES, IA (FHA|USDA|VA) 5 $1,055,000 $211,000 $6,303 3.87%
    Bedford, IN (FHA|USDA|VA) 4 $1,050,000 $262,500 $7,493 4.46%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 3 $1,035,000 $345,000 $7,888 3.97%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 6 $1,030,000 $171,667 $7,211 4.13%
    Glasgow, KY (FHA|USDA|VA) 7 $1,005,000 $143,571 $5,047 4.84%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 4 $990,000 $247,500 $6,759 3.99%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $975,000 $975,000 $52,536 3.80%
    Scottsburg, IN (FHA|USDA|VA) 5 $935,000 $187,000 $5,743 4.34%
    Kearney, NE (FHA|USDA|VA) 4 $920,000 $230,000 $5,424 3.80%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 4 $910,000 $227,500 $6,976 3.99%
    Logansport, IN (FHA|USDA|VA) 6 $900,000 $150,000 $6,887 4.73%
    Maysville, KY (FHA|USDA|VA) 4 $900,000 $225,000 $7,569 4.51%
    Madison, IN (FHA|USDA|VA) 6 $890,000 $148,333 $5,414 4.15%
    Scottsbluff, NE (FHA|USDA|VA) 3 $885,000 $295,000 $12,471 4.05%
    Portsmouth, OH (FHA|USDA|VA) 5 $885,000 $177,000 $6,491 4.66%
    Madisonville, KY (FHA|USDA|VA) 4 $870,000 $217,500 $6,512 4.49%
    IOWA CITY, IA (FHA|USDA|VA) 3 $865,000 $288,333 $6,509 3.93%
    Frankfort, IN (FHA|USDA|VA) 3 $855,000 $285,000 $8,236 4.38%
    Celina, OH (FHA|USDA|VA) 2 $850,000 $425,000 $9,498 4.50%
    RAPID CITY, SD (FHA|USDA|VA) 3 $845,000 $281,667 $10,910 3.67%
    WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 3 $825,000 $275,000 $9,135 4.53%
    Wabash, IN (FHA|USDA|VA) 4 $810,000 $202,500 $5,918 4.61%
    LIMA, OH (FHA|USDA|VA) 4 $790,000 $197,500 $6,381 4.95%
    Norfolk, NE (FHA|USDA|VA) 3 $785,000 $261,667 $7,311 4.08%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $780,000 $390,000 $6,575 3.93%
    Coffeyville, KS (FHA|USDA|VA) 3 $765,000 $255,000 $9,235 3.72%
    Spirit Lake, IA (FHA|USDA|VA) 2 $750,000 $375,000 $10,622 4.08%
    Evanston, WY (FHA|USDA|VA) 1 $735,000 $735,000 $11,319 3.90%
    Washington, IN (FHA|USDA|VA) 6 $720,000 $120,000 $3,661 4.44%
    Columbus, NE (FHA|USDA|VA) 4 $700,000 $175,000 $8,953 3.73%
    Mason City, IA (FHA|USDA|VA) 2 $700,000 $350,000 $11,327 4.35%
    Findlay, OH (FHA|USDA|VA) 2 $690,000 $345,000 $8,988 4.83%
    Brownsville, TN (FHA|USDA|VA) 5 $675,000 $135,000 $5,411 4.18%
    Greensburg, IN (FHA|USDA|VA) 2 $670,000 $335,000 $7,979 4.33%
    Ottumwa, IA (FHA|USDA|VA) 2 $660,000 $330,000 $10,253 3.98%
    Central City, KY (FHA|USDA|VA) 3 $625,000 $208,333 $7,709 4.10%
    Auburn, IN (FHA|USDA|VA) 2 $620,000 $310,000 $15,441 3.85%
    Angola, IN (FHA|USDA|VA) 2 $600,000 $300,000 $11,617 4.45%
    Jasper, IN (FHA|USDA|VA) 3 $555,000 $185,000 $6,789 5.10%
    Beatrice, NE (FHA|USDA|VA) 2 $530,000 $265,000 $8,895 3.88%
    KOKOMO, IN (FHA|USDA|VA) 4 $520,000 $130,000 $5,317 4.09%
    Carroll, IA (FHA|USDA|VA) 2 $520,000 $260,000 $7,541 3.68%
    Sturgis, MI (FHA|USDA|VA) 2 $510,000 $255,000 $5,700 4.73%
    Spearfish, SD (FHA|USDA|VA) 1 $505,000 $505,000 $15,413 3.70%
    Wapakoneta, OH (FHA|USDA|VA) 2 $500,000 $250,000 $7,207 4.15%
    PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 1 $485,000 $485,000 $12,959 4.05%
    North Vernon, IN (FHA|USDA|VA) 4 $410,000 $102,500 $5,010 5.39%
    Defiance, OH (FHA|USDA|VA) 2 $410,000 $205,000 $9,964 5.03%
    Brookings, SD (FHA|USDA|VA) 2 $390,000 $195,000 $7,488 3.85%
    LAWRENCE, KS (FHA|USDA|VA) 2 $390,000 $195,000 $7,450 3.90%
    Fremont, OH (FHA|USDA|VA) 2 $390,000 $195,000 $7,584 4.18%
    Vincennes, IN (FHA|USDA|VA) 3 $385,000 $128,333 $6,191 4.50%
    CASPER, WY (FHA|USDA|VA) 1 $375,000 $375,000 $7,834 3.60%
    Peru, IN (FHA|USDA|VA) 3 $365,000 $121,667 $4,495 3.98%
    CHEYENNE, WY (FHA|USDA|VA) 1 $345,000 $345,000 $6,886 4.00%
    Ottawa, KS (FHA|USDA|VA) 1 $335,000 $335,000 $13,982 4.00%
    Sandusky, OH (FHA|USDA|VA) 1 $325,000 $325,000 $10,427 3.80%
    Paducah, KY-IL (FHA|USDA|VA) 2 $310,000 $155,000 $5,851 4.35%
    MANHATTAN, KS (FHA|USDA|VA) 1 $295,000 $295,000 $10,825 4.30%
    Martin, TN (FHA|USDA|VA) 2 $280,000 $140,000 $6,109 4.15%
    Van Wert, OH (FHA|USDA|VA) 2 $260,000 $130,000 $6,647 4.55%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $255,000 $255,000 $8,730 4.05%
    McPherson, KS (FHA|USDA|VA) 1 $255,000 $255,000 $5,572 3.80%
    Hillsdale, MI (FHA|USDA|VA) 1 $255,000 $255,000 $0 5.50%
    Oskaloosa, IA (FHA|USDA|VA) 2 $240,000 $120,000 $5,571 3.83%
    Riverton, WY (FHA|USDA|VA) 1 $225,000 $225,000 $7,692 4.00%
    Athens, OH (FHA|USDA|VA) 1 $225,000 $225,000 $5,602 3.45%
    Craig, CO (FHA|USDA|VA) 1 $225,000 $225,000 $5,885 3.75%
    Hastings, NE (FHA|USDA|VA) 2 $220,000 $110,000 $4,496 3.80%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 1 $215,000 $215,000 $6,878 4.05%
    SPRINGFIELD, IL (FHA|USDA|VA) 1 $195,000 $195,000 $4,143 4.20%
    Laramie, WY (FHA|USDA|VA) 1 $185,000 $185,000 $5,898 4.10%
    Pella, IA (FHA|USDA|VA) 1 $175,000 $175,000 $7,365 3.90%
    Muscatine, IA (FHA|USDA|VA) 1 $175,000 $175,000 $5,708 3.90%
    Connersville, IN (FHA|USDA|VA) 1 $135,000 $135,000 $6,351 3.85%
    Lincoln, IL (FHA|USDA|VA) 1 $135,000 $135,000 $6,336 3.70%
    Marion, OH (FHA|USDA|VA) 1 $135,000 $135,000 $5,706 3.90%
    Union City, TN (FHA|USDA|VA) 1 $125,000 $125,000 $7,665 3.75%
    Atchison, KS (FHA|USDA|VA) 1 $125,000 $125,000 $6,812 4.05%
    Aberdeen, SD (FHA|USDA|VA) 1 $125,000 $125,000 $6,634 3.90%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $105,000 $105,000 $3,797 4.25%
    Norwalk, OH (FHA|USDA|VA) 1 $95,000 $95,000 $5,202 4.05%
    Clinton, IA (FHA|USDA|VA) 1 $95,000 $95,000 $9,801 3.95%
    North Platte, NE (FHA|USDA|VA) 1 $85,000 $85,000 $3,163 4.65%
    Storm Lake, IA (FHA|USDA|VA) 1 $85,000 $85,000 $5,088 3.65%
    Huron, SD (FHA|USDA|VA) 1 $55,000 $55,000 $7,251 5.10%
    Farm Credit Mid-america Aca's top markets include Nashville, Cincinnati, Columbus, Knoxville, and Indianapolis among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)

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    Industrial Federal Credit Union
    Similarity Rank: 138
    Raccoon Valley Bank
    Similarity Rank: 145

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,724 $730,750,000 $268,264 $8,204 4.31%
    HELOC 84 $6,410,000 $76,310 n/a 5.94%

    For 2019, Farm Credit Mid-america Aca's most frequently originated type of loan was Conventional, with 2,724 originations. Their 2nd most popular type was HELOC, with 84 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,775 $492,475,000 $277,451 $8,866 4.40%
    Refi 845 $220,265,000 $260,669 $7,246 4.15%
    Home Improvement 167 $18,945,000 $113,443 $4,885 4.98%
    Other 13 $2,375,000 $182,692 $6,220 4.84%
    Cash Out Refi 6 $2,330,000 $388,333 $0 5.22%
    NA 2 $770,000 $385,000 $3,341 2.45%

    For 2019, Farm Credit Mid-america Aca's most frequently cited loan purpose was Home Purchase, with 1,775 originations. The 2nd most popular reason was Refi, with 845 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,764 $506,670,000 $287,228 $8,803 4.36%
    15 Year 377 $68,845,000 $182,613 $6,328 4.31%
    20 Year 277 $82,925,000 $299,368 $7,944 4.19%
    10 Year 207 $22,595,000 $109,155 $5,114 4.77%
    Other 180 $56,010,000 $311,167 $8,009 4.26%
    5 Year 3 $115,000 $38,333 $3,138 5.43%

    For 2019, Farm Credit Mid-america Aca's most frequently cited loan duration was 30 Year, with 1,764 originations. The 2nd most popular length was 15 Year, with 377 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 709 $319,545,000 $450,698
    $3k-4k 591 $126,315,000 $213,731
    $2k-3k 524 $85,820,000 $163,779
    $4k-5k 446 $127,370,000 $285,583
    $1k-2k 264 $33,380,000 $126,439
    $<1k 66 $6,850,000 $103,788

    Farm Credit Mid-america Aca's average total fees were $8,803, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 709 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,313 $356,585,000 $271,580
    3-4% 1,037 $288,655,000 $278,356
    5-6% 405 $77,995,000 $192,580
    6-7% 42 $7,110,000 $169,286
    7-8% 4 $370,000 $92,500
    2.5-3% 4 $1,770,000 $442,500
    <2.5% 2 $4,560,000 $2,280,000
    Over 8% 1 $115,000 $115,000

    During 2019, Farm Credit Mid-america Aca's average interest rate for loans was 4.36%, while their most frequently originated rate bucket for loans was 4-5%, with 1,313 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,104 $315,250,000 $285,553 $8,765 4.29%
    $100k-200k 866 $128,910,000 $148,857 $6,237 4.36%
    $100,000 or less 417 $26,705,000 $64,041 $4,316 4.68%
    $400k-600k 274 $131,640,000 $480,438 $12,063 4.26%
    $600k-1MM 116 $86,780,000 $748,103 $15,584 4.22%
    $1MM+ 31 $47,875,000 $1,544,355 $20,609 3.86%

    2019 saw Farm Credit Mid-america Aca place emphasis on $200k-400k loans with 1,104 originations, totaling $315,250,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 802 $203,220,000 $253,392 $8,360 4.36%
    $150k-250k 539 $186,375,000 $345,779 $9,794 4.38%
    $75k-100k 514 $102,090,000 $198,619 $6,952 4.36%
    $50k-75k 441 $69,655,000 $157,948 $6,364 4.35%
    $250k+ 309 $151,045,000 $488,819 $11,721 4.31%
    $50k or less 200 $23,090,000 $115,450 $5,758 4.42%

    Farm Credit Mid-america Aca lent most frequently to those with incomes in the $100k-150k range, with 802 originations. The second most popular income band? $150k-250k, with 539 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 441 $94,835,000 $215,045 $7,852 4.63%
    30-36% 373 $93,705,000 $251,220 $8,397 4.70%
    <20% 152 $28,730,000 $189,013 $6,959 4.61%
    36% 67 $17,615,000 $262,910 $8,514 4.69%
    37% 55 $15,405,000 $280,091 $9,046 4.68%
    38% 36 $7,930,000 $220,278 $7,584 4.48%
    39% 20 $5,250,000 $262,500 $8,260 4.67%
    40% 19 $5,505,000 $289,737 $8,713 4.57%
    41% 11 $3,925,000 $356,818 $11,926 4.62%
    47% 10 $3,340,000 $334,000 $10,464 4.53%
    44% 8 $1,970,000 $246,250 $6,602 4.78%
    42% 7 $3,055,000 $436,429 $13,816 4.50%
    50-60% 7 $3,145,000 $449,286 $22,351 4.59%
    45% 5 $1,655,000 $331,000 $8,479 4.54%
    49% 4 $1,060,000 $265,000 $9,189 4.66%
    46% 3 $1,025,000 $341,667 $11,574 4.63%
    43% 3 $1,035,000 $345,000 $10,371 4.80%
    48% 2 $240,000 $120,000 $4,527 4.15%
    >60% 2 $350,000 $175,000 $7,305 4.73%

    Farm Credit Mid-america Aca lent most frequently to those with DTI ratios of 20-30%, with 441 originations. The next most common DTI ratio? 30-36%, with 373 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 1,864 $505,280,000 $271,073 $8,413 4.20%
    White 930 $221,430,000 $238,097 $7,752 4.69%
    Not applicable 7 $5,505,000 $786,429 $10,251 5.30%
    American Indian 3 $4,215,000 $1,405,000 $3,127 3.27%
    1 $495,000 $495,000 $5,472 3.95%
    Black 2 $170,000 $85,000 $7,377 4.93%
    Native Hawaiian or Islander 1 $65,000 $65,000 $3,973 3.75%

    Approval Rates

    Total approvals of all applications
    86.13%

    Farm Credit Mid-america Aca has an average approval rate.

    Pick Rate

    Approvals leading to origination
    53.99%

    Farm Credit Mid-america Aca has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,808 $737,160,000 $262,521

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $5,610,000 $1,402,500
    Single Family (1-4 Units):Manufactured 153 $29,975,000 $195,915
    Single Family (1-4 Units):Site-Built 2,651 $701,575,000 $264,645

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 305 $51,895,000 $170,148 $6,063 4.56%
    40-60% 530 $127,220,000 $240,038 $7,715 4.31%
    60-80% 1,014 $287,980,000 $284,004 $8,802 4.32%
    80-100% 783 $250,035,000 $319,330 $9,132 4.28%
    Over 100% 1 $295,000 $295,000 $5,275 4.30%
    Under 20% 170 $13,420,000 $78,941 $3,882 4.85%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Franklin Credit Management Corporation Conventional home mortgage Struggling to pay mortgage 3 21.4%
    Franklin Credit Management Corporation Conventional home mortgage Trouble during payment process 2 14.3%
    Franklin Credit Management Corporation FHA mortgage Struggling to pay mortgage 2 14.3%
    Franklin Credit Management Corporation Other type of mortgage Struggling to pay mortgage 5 35.7%
    Franklin Credit Management Corporation Other type of mortgage Trouble during payment process 2 14.3%