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 and Refi loans. The Farmers State Bank has a high proportion of conventional loans. Their top two markets are Topeka and Manhattan .The Farmers State Bank has a below 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
17Origination Dollar Volume (All Markets)
$1,675,000Top 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) | 13 | $1,455,000 | $111,923 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $135,000 | $45,000 | $0 | 0.00% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 17 | $1,675,000 | $98,529 | $0 | 0.00% |
For 2018, The Farmers State Bank's most frequently originated type of loan was Conventional, with 17 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 9 | $905,000 | $100,556 | $0 | 0.00% |
| Refi | 8 | $770,000 | $96,250 | $0 | 0.00% |
For 2018, The Farmers State Bank's most frequently cited loan purpose was Home Purchase, with 9 originations. The 2nd most popular reason was Refi, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 17 | $1,675,000 | $98,529 | $0 | 0.00% |
For 2018, The Farmers State Bank's most frequently cited loan duration was Other, with 17 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 12 | $600,000 | $50,000 | $0 | 0.00% |
| $100k-200k | 3 | $445,000 | $148,333 | $0 | 0.00% |
| $200k-400k | 2 | $630,000 | $315,000 | $0 | 0.00% |
2018 saw The Farmers State Bank place emphasis on $100,000 or less loans with 12 originations, totaling $600,000 in origination value.
Applicant Income
The Farmers State Bank lent most frequently to those with incomes in the $50k-75k range, with 3 originations. The second most popular income band? $50k or less, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 17 | $1,675,000 | $98,529 | $0 | 0.00% |
The Farmers State Bank lent most frequently to those with DTI ratios of Exempt%, with 17 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications60.61%
The Farmers State Bank has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination82.35%
The Farmers State Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 17 | $1,675,000 | $98,529 |