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 two markets are Missoula and Helena .Farmers 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.
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Originations
105Origination Dollar Volume (All Markets)
$39,395,000Top 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 | 85 | $32,605,000 | $383,588 | $0 | 0.00% |
| MISSOULA, MT (FHA|USDA|VA) | 10 | $3,580,000 | $358,000 | $0 | 0.00% |
| Helena, MT (FHA|USDA|VA) | 10 | $3,210,000 | $321,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 102 | $38,090,000 | $373,431 | $0 | 0.00% |
| VA | 3 | $1,305,000 | $435,000 | $0 | 0.00% |
For 2024, Farmers State Bank's most frequently originated type of loan was Conventional, with 102 originations. Their 2nd most popular type was VA, with 3 originations.
Loan Reason
For 2024, Farmers State Bank's most frequently cited loan purpose was Home Purchase, with 83 originations. The 2nd most popular reason was Refi, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 105 | $39,395,000 | $375,190 | $0 | 0.00% |
For 2024, Farmers State Bank's most frequently cited loan duration was Other, with 105 originations.
Loan Sizing
2024 saw Farmers State Bank place emphasis on $200k-400k loans with 44 originations, totaling $13,320,000 in origination value.
Applicant Income
Farmers State Bank lent most frequently to those with incomes in the $100k-150k range, with 24 originations. The second most popular income band? $150k-250k, with 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 105 | $39,395,000 | $375,190 | $0 | 0.00% |
Farmers State Bank lent most frequently to those with DTI ratios of Exempt%, with 105 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.45%
Farmers State Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination70.48%
Farmers State Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 105 | $39,395,000 | $375,190 |