Farmers & Merchants State Bank Mortgage Rates, Fees & Info
Waterloo, WILEI: 5493006S21NZTF9Y1L04
Tax ID: 39-0273610
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Farmers & Merchants State Bank is a smaller bank specializing in Home Purchase loans. Farmers & Merchants State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Madison, Watertown, Platteville, Stevens Point, and Appleton among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)Farmers & Merchants State Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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.
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Originations
69Origination Dollar Volume (All Markets)
$31,645,000Top Markets
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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 |
|---|---|---|---|---|---|
| MADISON, WI (FHA|USDA|VA) | 32 | $17,920,000 | $560,000 | $0 | 0.00% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 19 | $5,665,000 | $298,158 | $0 | 0.00% |
| Platteville, WI (FHA|USDA|VA) | 2 | $2,080,000 | $1,040,000 | $0 | 0.00% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $1,645,000 | $1,645,000 | $0 | 0.00% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $1,065,000 | $1,065,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $780,000 | $390,000 | $0 | 0.00% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $0 | 0.00% |
| Beaver Dam, WI (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Iron Mountain, MI-WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Manitowoc, WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| FOND DU LAC, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Farmers & Merchants State Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 69 | $31,645,000 | $458,623 | $0 | 0.00% |
For 2024, Farmers & Merchants State Bank's most frequently originated type of loan was Conventional, with 69 originations.
Loan Reason
For 2024, Farmers & Merchants State Bank's most frequently cited loan purpose was Home Purchase, with 50 originations. The 2nd most popular reason was Refi, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 69 | $31,645,000 | $458,623 | $0 | 0.00% |
For 2024, Farmers & Merchants State Bank's most frequently cited loan duration was Other, with 69 originations.
Loan Sizing
2024 saw Farmers & Merchants State Bank place emphasis on $200k-400k loans with 31 originations, totaling $8,725,000 in origination value.
Applicant Income
Farmers & Merchants State Bank lent most frequently to those with incomes in the $75k-100k range, with 13 originations. The second most popular income band? $150k-250k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 69 | $31,645,000 | $458,623 | $0 | 0.00% |
Farmers & Merchants State Bank lent most frequently to those with DTI ratios of Exempt%, with 69 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.44%
Farmers & Merchants State Bank has an average approval rate.
Pick Rate
Approvals leading to origination59.42%
Farmers & Merchants State Bank 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 |
|---|---|---|---|
| Exempt | 69 | $31,645,000 | $458,623 |