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 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
167Origination Dollar Volume (All Markets)
$61,975,000Top 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 | 145 | $48,515,000 | $334,586 | $0 | 0.00% |
| MISSOULA, MT (FHA|USDA|VA) | 22 | $13,460,000 | $611,818 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 165 | $61,175,000 | $370,758 | $0 | 0.00% |
| VA | 2 | $800,000 | $400,000 | $0 | 0.00% |
For 2022, Farmers State Bank's most frequently originated type of loan was Conventional, with 165 originations. Their 2nd most popular type was VA, with 2 originations.
Loan Reason
For 2022, Farmers State Bank's most frequently cited loan purpose was Home Purchase, with 90 originations. The 2nd most popular reason was Refi, with 29 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 167 | $61,975,000 | $371,108 | $0 | 0.00% |
For 2022, Farmers State Bank's most frequently cited loan duration was Other, with 167 originations.
Loan Sizing
2022 saw Farmers State Bank place emphasis on $200k-400k loans with 65 originations, totaling $18,325,000 in origination value.
Applicant Income
Farmers State Bank lent most frequently to those with incomes in the $100k-150k range, with 42 originations. The second most popular income band? $50k-75k, with 32 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 167 | $61,975,000 | $371,108 | $0 | 0.00% |
Farmers State Bank lent most frequently to those with DTI ratios of Exempt%, with 167 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.63%
Farmers State Bank has an average approval rate.
Pick Rate
Approvals leading to origination79.64%
Farmers State Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 167 | $61,975,000 | $371,108 |