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, Baraboo, Eau Claire, and Janesville 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

    128

    Origination Dollar Volume (All Markets)

    $23,830,000

    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) 109 $19,985,000 $183,349 $0 0.00%
    Outside of Metro Areas 10 $1,400,000 $140,000 $0 0.00%
    Platteville, WI (FHA|USDA|VA) 4 $880,000 $220,000 $0 0.00%
    Baraboo, WI (FHA|USDA|VA) 2 $690,000 $345,000 $0 0.00%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $585,000 $585,000 $0 0.00%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 2 $290,000 $145,000 $0 0.00%
    Farmers Savings Bank's top markets include Madison, Platteville, Baraboo, Eau Claire, and Janesville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 128 $23,830,000 $186,172 $0 0.00%

    For 2022, Farmers Savings Bank's most frequently originated type of loan was Conventional, with 128 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 60 $15,700,000 $261,667 $0 0.00%
    Refi 28 $4,540,000 $162,143 $0 0.00%
    Other 15 $895,000 $59,667 $0 0.00%
    Home Improvement 13 $425,000 $32,692 $0 0.00%
    Cash Out Refi 12 $2,270,000 $189,167 $0 0.00%

    For 2022, Farmers Savings Bank's most frequently cited loan purpose was Home Purchase, with 60 originations. The 2nd most popular reason was Refi, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 128 $23,830,000 $186,172 $0 0.00%

    For 2022, Farmers Savings Bank's most frequently cited loan duration was Other, with 128 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 41 $1,915,000 $46,707 $0 0.00%
    $100k-200k 39 $5,855,000 $150,128 $0 0.00%
    $200k-400k 37 $10,545,000 $285,000 $0 0.00%
    $400k-600k 10 $4,870,000 $487,000 $0 0.00%
    $600k-1MM 1 $645,000 $645,000 $0 0.00%

    2022 saw Farmers Savings Bank place emphasis on $100,000 or less loans with 41 originations, totaling $1,915,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 28 $5,240,000 $187,143 $0 0.00%
    $50k-75k 26 $3,260,000 $125,385 $0 0.00%
    $150k-250k 21 $5,015,000 $238,810 $0 0.00%
    $75k-100k 19 $2,555,000 $134,474 $0 0.00%
    $50k or less 11 $1,185,000 $107,727 $0 0.00%
    $250k+ 8 $3,150,000 $393,750 $0 0.00%

    Farmers Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 28 originations. The second most popular income band? $50k-75k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 128 $23,830,000 $186,172 $0 0.00%

    Farmers Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 128 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 92 $18,080,000 $196,522 $0 0.00%
    Not applicable 15 $3,425,000 $228,333 $0 0.00%
    Not provided 18 $1,680,000 $93,333 $0 0.00%
    Asian 2 $430,000 $215,000 $0 0.00%
    American Indian 1 $215,000 $215,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.00%

    Farmers Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    66.41%

    Farmers Savings Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 128 $23,830,000 $186,172

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    128 $23,830,000 $186,172