Farmers & Merchants Bank Mortgage Rates, Fees & Info
Lakeland, GALEI: 549300ELFWNRX6MLE444
Tax ID: 58-0239830
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Farmers & Merchants Bank is a smaller bank specializing in Refi and Home Purchase loans. Farmers & Merchants Bank has a high proportion of conventional loans. Their top markets by origination volume include: Valdosta, Atlanta, Macon, Thomasville, and Jacksonville among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Farmers & Merchants Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
274Origination Dollar Volume (All Markets)
$26,760,000Top 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 |
|---|---|---|---|---|---|
| VALDOSTA, GA (FHA|USDA|VA) | 133 | $15,475,000 | $116,353 | $0 | 0.00% |
| Outside of Metro Areas | 118 | $7,670,000 | $65,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 7 | $965,000 | $137,857 | $0 | 0.00% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $865,000 | $865,000 | $0 | 0.00% |
| Thomasville, GA (FHA|USDA|VA) | 6 | $570,000 | $95,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| Moultrie, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Tifton, GA (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 0.00% |
| Douglas, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Waycross, GA (FHA|USDA|VA) | 2 | $40,000 | $20,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 274 | $26,760,000 | $97,664 | $0 | 0.00% |
For 2023, Farmers & Merchants Bank's most frequently originated type of loan was Conventional, with 274 originations.
Loan Reason
For 2023, Farmers & Merchants Bank's most frequently cited loan purpose was Refi, with 153 originations. The 2nd most popular reason was Home Purchase, with 77 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 274 | $26,760,000 | $97,664 | $0 | 0.00% |
For 2023, Farmers & Merchants Bank's most frequently cited loan duration was Other, with 274 originations.
Loan Sizing
2023 saw Farmers & Merchants Bank place emphasis on $100,000 or less loans with 200 originations, totaling $9,080,000 in origination value.
Applicant Income
Farmers & Merchants Bank lent most frequently to those with incomes in the $50k or less range, with 74 originations. The second most popular income band? $100k-150k, with 39 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 274 | $26,760,000 | $97,664 | $0 | 0.00% |
Farmers & Merchants Bank lent most frequently to those with DTI ratios of Exempt%, with 274 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.44%
Farmers & Merchants 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 origination91.24%
Farmers & Merchants Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 274 | $26,760,000 | $97,664 |