The Farmers National Bank Of Emlenton Mortgage Rates, Fees & Info
Emlenton, PALEI: 5493008P7IF5WNSI6V48
Tax ID: 25-0472020
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.25% | 11/22/24 |
| 30 Year Conventional Refi | 6.33% | 11/22/24 |
| 30 Year Cash-out Refi | 5.87% | 11/22/24 |
| 30 Year USDA Purchase | 7.62% | 11/22/24 |
| 15 Year Conventional Purchase | 6.12% | 11/22/24 |
| 15 Year Conventional Refi | 5.46% | 11/22/24 |
| 15 Year Cash-out Refi | 5.46% | 11/22/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
381Origination Dollar Volume (All Markets)
$71,775,000Awards
The Farmers National Bank of Emlenton - 2022
The Farmers National Bank of Emlenton is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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% |
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.
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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
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications83.88%
The Farmers National Bank Of Emlenton has a below average approval rate.
Pick Rate
Approvals leading to origination81.63%
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 |