First Farmers State Bank Mortgage Rates, Fees & Info
Minier, ILLEI: 5493007W1V0GCODW0238
Tax ID: 37-0270090
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Mortgage Data
Review & Overview
First Farmers State Bank is a smaller bank specializing in Home Purchase and Refi loans. First Farmers State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Bloomington, Peoria, and Pontiac among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)First Farmers State Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
44Origination Dollar Volume (All Markets)
$5,770,000Top 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 |
---|---|---|---|---|---|
BLOOMINGTON, IL (FHA|USDA|VA) | 29 | $3,615,000 | $124,655 | $0 | 0.00% |
PEORIA, IL (FHA|USDA|VA) | 14 | $2,130,000 | $152,143 | $0 | 0.00% |
Pontiac, IL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 44 | $5,770,000 | $131,136 | $0 | 0.00% |
For 2019, First Farmers State Bank's most frequently originated type of loan was Conventional, with 44 originations.
Loan Reason
For 2019, First Farmers State Bank's most frequently cited loan purpose was Home Purchase, with 22 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 | 44 | $5,770,000 | $131,136 | $0 | 0.00% |
For 2019, First Farmers State Bank's most frequently cited loan duration was Other, with 44 originations.
Loan Sizing
2019 saw First Farmers State Bank place emphasis on $100,000 or less loans with 17 originations, totaling $1,015,000 in origination value.
Applicant Income
First Farmers State Bank lent most frequently to those with incomes in the $75k-100k range, with 11 originations. The second most popular income band? $100k-150k, with 7 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Exempt% | 44 | $5,770,000 | $131,136 | $0 | 0.00% |
First Farmers State Bank lent most frequently to those with DTI ratios of Exempt%, with 44 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.83%
First 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 origination95.45%
First Farmers State Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
Exempt | 44 | $5,770,000 | $131,136 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
Multifamily:Site-Built | 1 | $235,000 | $235,000 |
Single Family (1-4 Units):Site-Built | 43 | $5,535,000 | $128,721 |
Complaints
Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
FIRST INTERSTATE BANCSYSTEM, INC. | Conventional home mortgage | Closing on a mortgage | 1 | 33.3% |
FIRST INTERSTATE BANCSYSTEM, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
FIRST INTERSTATE BANCSYSTEM, INC. | FHA mortgage | Closing on a mortgage | 1 | 33.3% |