The Farmers National Bank Of Emlenton Mortgage Rates, Fees & Info

Emlenton, PA

LEI: 5493008P7IF5WNSI6V48

Tax ID: 25-0472020

5 stars - Updated: 2/26/24 - out of 5 stars, based on 20 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

The Farmers National Bank Of Emlenton is a smaller bank specializing in Home Purchase loans. The Farmers National Bank Of Emlenton has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Pittsburgh, Dubois, St. Marys, Oil City, and New Castle among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Farmers National Bank Of Emlenton 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. The Farmers National Bank Of Emlenton is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.25% 2/26/24
30 Year Conventional Refi 6.33% 2/26/24
30 Year Cash-out Refi 5.87% 2/26/24
30 Year USDA Purchase 7.62% 2/26/24
15 Year Conventional Purchase 6.12% 2/26/24
15 Year Conventional Refi 5.46% 2/26/24
15 Year Cash-out Refi 5.46% 2/26/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

The Farmers National Bank Of Emlenton Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from The Farmers National Bank Of Emlenton. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

381

Origination Dollar Volume (All Markets)

$71,775,000

Awards

The Farmers National Bank of Emlenton 30 Year Conventional Loans bronze
Show all (1) awards

Relative Rate

The Farmers National Bank Of Emlenton's average 30 year fixed mortgage rate was 4.36%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.4%.

Relative Fees (Closing Costs)

The Farmers National Bank Of Emlenton's average total fees/closing costs for a 30 year fixed rate mortgage were $5,598.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

Top 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
PITTSBURGH, PA (FHA|USDA|VA) 172 $47,670,000 $277,151 $4,954 4.52%
Outside of Metro Areas 93 $9,105,000 $97,903 $1,480 4.36%
DuBois, PA (FHA|USDA|VA) 19 $3,135,000 $165,000 $1,543 4.27%
St. Marys, PA (FHA|USDA|VA) 25 $2,905,000 $116,200 $2,284 4.61%
Oil City, PA (FHA|USDA|VA) 34 $2,900,000 $85,294 $1,390 4.07%
New Castle, PA (FHA|USDA|VA) 6 $1,510,000 $251,667 $2,742 5.39%
Meadville, PA (FHA|USDA|VA) 12 $1,080,000 $90,000 $1,445 4.38%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 5 $845,000 $169,000 $885 4.73%
ERIE, PA (FHA|USDA|VA) 5 $565,000 $113,000 $8,463 6.16%
Somerset, PA (FHA|USDA|VA) 2 $510,000 $255,000 $9,197 5.00%
MORGANTOWN, WV (FHA|USDA|VA) 1 $425,000 $425,000 $3,285 3.38%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $395,000 $395,000 $4,881 4.25%
Indiana, PA (FHA|USDA|VA) 3 $345,000 $115,000 $1,820 3.83%
Warren, PA (FHA|USDA|VA) 2 $340,000 $170,000 $2,204 3.31%
JOHNSTOWN, PA (FHA|USDA|VA) 1 $45,000 $45,000 $2,245 4.75%
The Farmers National Bank Of Emlenton's top markets include Pittsburgh, Dubois, St. Marys, Oil City, and New Castle among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against The Farmers National Bank of Emlenton based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    TRI BORO
    Similarity Rank: 208
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 322
    CNB Bank
    Similarity Rank: 420
    Clear Mountain Bank
    Similarity Rank: 580
    AmeriServ Financial Bank
    Similarity Rank: 1056
    Washington Financial Bank
    Similarity Rank: 1290
    Community Bank
    Similarity Rank: 1680

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 380 $71,710,000 $188,711 $2,995 4.45%
    USDA 1 $65,000 $65,000 $3,921 6.00%

    For 2022, The Farmers National Bank Of Emlenton's most frequently originated type of loan was Conventional, with 380 originations. Their 2nd most popular type was USDA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 193 $48,085,000 $249,145 $5,254 4.57%
    Refi 88 $12,510,000 $142,159 $1,186 4.16%
    Other 45 $3,605,000 $80,111 $341 4.47%
    Home Improvement 39 $2,525,000 $64,744 $286 4.28%
    Cash Out Refi 16 $5,050,000 $315,625 $3,756 5.07%

    For 2022, The Farmers National Bank Of Emlenton's most frequently cited loan purpose was Home Purchase, with 193 originations. The 2nd most popular reason was Refi, with 88 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 129 $36,185,000 $280,504 $5,598 4.36%
    20 Year 103 $14,265,000 $138,495 $1,187 4.92%
    10 Year 55 $5,755,000 $104,636 $546 4.00%
    15 Year 45 $4,325,000 $96,111 $1,295 4.25%
    Other 23 $7,505,000 $326,304 $3,629 4.98%
    5 Year 16 $1,390,000 $86,875 $231 3.91%
    30+ year 8 $2,220,000 $277,500 $5,681 4.11%
    3 Year 2 $130,000 $65,000 $166 4.00%

    For 2022, The Farmers National Bank Of Emlenton's most frequently cited loan duration was 30 Year, with 129 originations. The 2nd most popular length was 20 Year, with 103 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 235 $26,935,000 $114,617
    $1k-2k 30 $9,130,000 $304,333
    $5k+ 19 $8,315,000 $437,632
    $2k-3k 15 $4,085,000 $272,333
    $3k-4k 10 $2,900,000 $290,000
    $4k-5k 10 $3,440,000 $344,000

    The Farmers National Bank Of Emlenton's average total fees were $5,598, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 235 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 135 $25,265,000 $187,148
    4-5% 120 $22,260,000 $185,500
    5-6% 78 $14,600,000 $187,179
    6-7% 26 $6,930,000 $266,538
    2.5-3% 18 $2,230,000 $123,889
    <2.5% 2 $140,000 $70,000
    7-8% 2 $350,000 $175,000

    During 2022, The Farmers National Bank Of Emlenton's average interest rate for loans was 4.36%, while their most frequently originated rate bucket for loans was 3-4%, with 135 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 169 $9,485,000 $56,124 $948 4.47%
    $200k-400k 93 $25,915,000 $278,656 $5,386 4.42%
    $100k-200k 79 $11,355,000 $143,734 $2,419 4.43%
    $400k-600k 26 $12,520,000 $481,538 $7,762 4.40%
    $600k-1MM 12 $9,010,000 $750,833 $10,194 4.58%
    $1MM+ 2 $3,490,000 $1,745,000 $0 5.75%

    2022 saw The Farmers National Bank Of Emlenton place emphasis on $100,000 or less loans with 169 originations, totaling $9,485,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 82 $14,460,000 $176,341 $3,036 4.22%
    $50k-75k 74 $6,990,000 $94,459 $1,887 4.36%
    $150k-250k 58 $16,150,000 $278,448 $4,730 4.23%
    $50k or less 47 $3,905,000 $83,085 $1,632 4.41%
    $75k-100k 45 $6,255,000 $139,000 $2,326 4.20%
    $250k+ 26 $10,160,000 $390,769 $7,001 4.43%

    The Farmers National Bank Of Emlenton lent most frequently to those with incomes in the $100k-150k range, with 82 originations. The second most popular income band? $50k-75k, with 74 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 108 $18,000,000 $166,667 $3,111 4.27%
    30-36% 77 $14,185,000 $184,221 $3,357 4.25%
    <20% 73 $11,785,000 $161,438 $2,573 4.27%
    37% 14 $2,300,000 $164,286 $2,143 4.56%
    42% 10 $2,500,000 $250,000 $4,106 4.45%
    38% 10 $1,000,000 $100,000 $1,463 4.36%
    39% 9 $1,045,000 $116,111 $1,861 3.98%
    40% 9 $1,635,000 $181,667 $2,915 5.30%
    36% 7 $835,000 $119,286 $2,266 4.50%
    41% 6 $1,270,000 $211,667 $2,745 4.88%
    44% 4 $660,000 $165,000 $2,581 3.84%
    48% 3 $1,225,000 $408,333 $5,957 4.21%
    47% 2 $520,000 $260,000 $4,553 3.38%
    43% 2 $240,000 $120,000 $2,898 3.81%
    45% 1 $325,000 $325,000 $8,291 2.88%
    49% 1 $105,000 $105,000 $3,062 4.25%
    >60% 1 $325,000 $325,000 $0 4.50%

    The Farmers National Bank Of Emlenton lent most frequently to those with DTI ratios of 20-30%, with 108 originations. The next most common DTI ratio? 30-36%, with 77 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 323 $55,285,000 $171,161 $2,963 4.32%
    Not applicable 42 $12,990,000 $309,286 $0 5.66%
    Not provided 10 $1,520,000 $152,000 $2,447 3.82%
    Asian 2 $820,000 $410,000 $5,324 5.25%
    Black 2 $750,000 $375,000 $7,187 3.81%
    Native Hawaiian or Islander 1 $255,000 $255,000 $6,239 4.38%
    Other Pacific Islander 1 $155,000 $155,000 $2,587 2.88%

    Approval Rates

    Total approvals of all applications
    83.88%

    The Farmers National Bank Of Emlenton has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.63%

    The Farmers National Bank Of Emlenton has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 381 $71,775,000 $188,386

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    381 $71,775,000 $188,386

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 51 $3,575,000 $70,098 $352 4.07%
    40-60% 39 $4,725,000 $121,154 $1,274 4.48%
    60-80% 112 $26,300,000 $234,821 $3,989 4.59%
    80-100% 122 $28,570,000 $234,180 $4,827 4.37%
    Over 100% 17 $6,625,000 $389,706 $0 5.30%
    Under 20% 40 $1,980,000 $49,500 $486 4.46%