Farmers & Stockmens Bank Mortgage Rates, Fees & Info
Clayton, NMLEI: 549300BMHSUCH6UGU556
Tax ID: 85-0036360
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Mortgage Data
Review & Overview
Farmers & Stockmens Bank is a smaller bank specializing in Home Purchase loans. Farmers & Stockmens Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Colorado Springs, Denver, Pueblo, Philadelphia, and Washington among others. We have data for 23 markets. (Some data included below & more in-depth data is available with an active subscription.)Farmers & Stockmens 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. Farmers & Stockmens Bank is typically a high 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 | 6.54% | 11/22/24 |
| 30 Year Conventional Refi | 6.69% | 11/22/24 |
| 30 Year Cash-out Refi | 6.54% | 11/22/24 |
| 30 Year FHA Purchase | 6.92% | 11/22/24 |
| 30 Year VA Purchase | 6.02% | 11/22/24 |
| 15 Year Conventional Purchase | 9.84% | 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. | ||
Farmers & Stockmens Bank Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Farmers & Stockmens Bank. 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
182Origination Dollar Volume (All Markets)
$73,160,000Top 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 |
|---|---|---|---|---|---|
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 111 | $49,705,000 | $447,793 | $10,125 | 4.55% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 23 | $9,815,000 | $426,739 | $6,406 | 5.05% |
| PUEBLO, CO (FHA|USDA|VA) | 15 | $4,485,000 | $299,000 | $12,213 | 4.84% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $1,310,000 | $655,000 | $32,618 | 5.13% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $5,129 | 5.00% |
| Outside of Metro Areas | 10 | $730,000 | $73,000 | $2,816 | 6.45% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $12,373 | 4.88% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $4,523 | 4.75% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $7,704 | 5.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $4,689 | 3.88% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $4,173 | 5.63% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $2,014 | 4.75% |
| Durango, CO (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $5,494 | 5.50% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $11,946 | 4.25% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 5.75% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,898 | 3.63% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $13,459 | 4.25% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $8,677 | 5.13% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 3.75% |
| Las Vegas, NM (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $2,301 | 7.63% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,775 | 4.13% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,668 | 3.75% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 6.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Farmers & Stockmens Bank 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 | 102 | $36,150,000 | $354,412 | $4,855 | 5.04% |
| VA | 74 | $35,060,000 | $473,784 | $13,842 | 4.48% |
| FHA | 6 | $1,950,000 | $325,000 | $10,264 | 4.75% |
For 2022, Farmers & Stockmens Bank's most frequently originated type of loan was Conventional, with 102 originations. Their 2nd most popular type was VA, with 74 originations.
Loan Reason
For 2022, Farmers & Stockmens Bank's most frequently cited loan purpose was Home Purchase, with 145 originations. The 2nd most popular reason was Cash Out Refi, with 26 originations.
Loan Duration/Length
For 2022, Farmers & Stockmens Bank's most frequently cited loan duration was 30 Year, with 170 originations. The 2nd most popular length was 15 Year, with 7 originations.
Origination Fees/Closing Costs
Farmers & Stockmens Bank's average total fees were $9,662, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 82 originations.
Interest Rates
During 2022, Farmers & Stockmens Bank's average interest rate for loans was 4.73%, while their most frequently originated rate bucket for loans was 4-5%, with 69 originations.
Loan Sizing
2022 saw Farmers & Stockmens Bank place emphasis on $400k-600k loans with 75 originations, totaling $35,765,000 in origination value.
Applicant Income
Farmers & Stockmens Bank lent most frequently to those with incomes in the $100k-150k range, with 43 originations. The second most popular income band? $150k-250k, with 42 originations.
Applicant Debt to Income Ratio
Farmers & Stockmens Bank lent most frequently to those with DTI ratios of 30-36%, with 28 originations. The next most common DTI ratio? 50-60%, with 24 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.94%
Farmers & Stockmens 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 origination73.08%
Farmers & Stockmens Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 182 | $73,160,000 | $401,978 |