Farmers Savings Bank Mortgage Rates, Fees & Info

Mineral Point, WI

LEI: 549300DDJMNOWGXL6236

Tax ID: 39-0273800

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Farmers Savings Bank is a smaller bank specializing in Home Purchase loans. Farmers Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Madison, Platteville, Shawano, Beaver Dam, and Baraboo among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Farmers Savings 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.

    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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    Originations

    74

    Origination Dollar Volume (All Markets)

    $11,780,000

    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
    MADISON, WI (FHA|USDA|VA) 58 $8,870,000 $152,931 $0 0.00%
    Platteville, WI (FHA|USDA|VA) 7 $1,055,000 $150,714 $0 0.00%
    Outside of Metro Areas 5 $885,000 $177,000 $0 0.00%
    Shawano, WI (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
    Beaver Dam, WI (FHA|USDA|VA) 2 $390,000 $195,000 $0 0.00%
    Baraboo, WI (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Farmers Savings Bank's top markets include Madison, Platteville, Shawano, Beaver Dam, and Baraboo among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 74 $11,780,000 $159,189 $0 0.00%

    For 2023, Farmers Savings Bank's most frequently originated type of loan was Conventional, with 74 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 38 $8,250,000 $217,105 $0 0.00%
    Home Improvement 13 $685,000 $52,692 $0 0.00%
    Other 11 $1,125,000 $102,273 $0 0.00%
    Refi 10 $1,310,000 $131,000 $0 0.00%
    Cash Out Refi 2 $410,000 $205,000 $0 0.00%

    For 2023, Farmers Savings Bank's most frequently cited loan purpose was Home Purchase, with 38 originations. The 2nd most popular reason was Home Improvement, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 74 $11,780,000 $159,189 $0 0.00%

    For 2023, Farmers Savings Bank's most frequently cited loan duration was Other, with 74 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 25 $1,125,000 $45,000 $0 0.00%
    $100k-200k 25 $3,725,000 $149,000 $0 0.00%
    $200k-400k 18 $4,400,000 $244,444 $0 0.00%
    $400k-600k 6 $2,530,000 $421,667 $0 0.00%

    2023 saw Farmers Savings Bank place emphasis on $100,000 or less loans with 25 originations, totaling $1,125,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 17 $2,305,000 $135,588 $0 0.00%
    $100k-150k 14 $2,490,000 $177,857 $0 0.00%
    $150k-250k 10 $1,550,000 $155,000 $0 0.00%
    $50k or less 9 $635,000 $70,556 $0 0.00%
    $75k-100k 7 $895,000 $127,857 $0 0.00%
    $250k+ 4 $1,710,000 $427,500 $0 0.00%

    Farmers Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 17 originations. The second most popular income band? $100k-150k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 74 $11,780,000 $159,189 $0 0.00%

    Farmers Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 74 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 56 $9,150,000 $163,393 $0 0.00%
    Not applicable 10 $1,790,000 $179,000 $0 0.00%
    Not provided 8 $840,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.92%

    Farmers Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.03%

    Farmers Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 74 $11,780,000 $159,189

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    74 $11,780,000 $159,189