The Farmers State Bank Mortgage Rates, Fees & Info
Holton, KSLEI: 549300BP2WBHKWIZA420
Tax ID: 48-0216420
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Mortgage Data
Review & Overview
The Farmers State Bank is a smaller bank specializing in Home Purchase loans. The Farmers State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Topeka, Manhattan, and Lawrence among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)The 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
37Origination Dollar Volume (All Markets)
$5,445,000Top 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 |
|---|---|---|---|---|---|
| TOPEKA, KS (FHA|USDA|VA) | 32 | $4,840,000 | $151,250 | $0 | 0.00% |
| MANHATTAN, KS (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $145,000 | $145,000 | $0 | 0.00% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 37 | $5,445,000 | $147,162 | $0 | 0.00% |
For 2023, The Farmers State Bank's most frequently originated type of loan was Conventional, with 37 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 31 | $4,905,000 | $158,226 | $0 | 0.00% |
| Home Improvement | 3 | $95,000 | $31,667 | $0 | 0.00% |
| Refi | 3 | $445,000 | $148,333 | $0 | 0.00% |
For 2023, The Farmers State Bank's most frequently cited loan purpose was Home Purchase, with 31 originations. The 2nd most popular reason was Home Improvement, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 37 | $5,445,000 | $147,162 | $0 | 0.00% |
For 2023, The Farmers State Bank's most frequently cited loan duration was Other, with 37 originations.
Loan Sizing
2023 saw The Farmers State Bank place emphasis on $100k-200k loans with 24 originations, totaling $3,720,000 in origination value.
Applicant Income
The Farmers State Bank lent most frequently to those with incomes in the $50k-75k range, with 8 originations. The second most popular income band? $75k-100k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 37 | $5,445,000 | $147,162 | $0 | 0.00% |
The Farmers State Bank lent most frequently to those with DTI ratios of Exempt%, with 37 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.18%
The Farmers State Bank has an average approval rate.
Pick Rate
Approvals leading to origination89.19%
The Farmers State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 37 | $5,445,000 | $147,162 |