Farmers State Bank Mortgage Rates, Fees & Info
Victor, MTLEI: 5493007BVVG2E8KCTG95
Tax ID: 81-0133810
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Mortgage Data
Review & Overview
Farmers State Bank is a smaller bank specializing in Home Purchase loans. Farmers State Bank has a high proportion of conventional loans. Their top (well, only) market is Missoula.Farmers State Bank 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.
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Originations
125Origination Dollar Volume (All Markets)
$51,915,000Top 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 | 114 | $46,810,000 | $410,614 | $0 | 0.00% |
| MISSOULA, MT (FHA|USDA|VA) | 11 | $5,105,000 | $464,091 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 124 | $51,290,000 | $413,629 | $0 | 0.00% |
| VA | 1 | $625,000 | $625,000 | $0 | 0.00% |
For 2023, Farmers State Bank's most frequently originated type of loan was Conventional, with 124 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2023, Farmers State Bank's most frequently cited loan purpose was Home Purchase, with 92 originations. The 2nd most popular reason was Refi, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 125 | $51,915,000 | $415,320 | $0 | 0.00% |
For 2023, Farmers State Bank's most frequently cited loan duration was Other, with 125 originations.
Loan Sizing
2023 saw Farmers State Bank place emphasis on $200k-400k loans with 44 originations, totaling $12,710,000 in origination value.
Applicant Income
Farmers State Bank lent most frequently to those with incomes in the $100k-150k range, with 32 originations. The second most popular income band? $75k-100k, with 25 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 125 | $51,915,000 | $415,320 | $0 | 0.00% |
Farmers State Bank lent most frequently to those with DTI ratios of Exempt%, with 125 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.35%
Farmers State Bank has an average approval rate.
Pick Rate
Approvals leading to origination79.20%
Farmers State Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 125 | $51,915,000 | $415,320 |