Farmers & Merchants Bank Mortgage Rates, Fees & Info
Lakeland, GALEI: 549300ELFWNRX6MLE444
Tax ID: 58-0239830
Latest/2024 | 2023 Data | 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, Jacksonville, Thomasville, Toccoa, and Dublin among others. We have data for 10 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
301Origination Dollar Volume (All Markets)
$37,075,000Top 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) | 164 | $19,570,000 | $119,329 | $0 | 0.00% |
| Outside of Metro Areas | 118 | $15,380,000 | $130,339 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $0 | 0.00% |
| Thomasville, GA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 0.00% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| Dublin, GA (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 0.00% |
| Douglas, GA (FHA|USDA|VA) | 4 | $220,000 | $55,000 | $0 | 0.00% |
| Waycross, GA (FHA|USDA|VA) | 4 | $210,000 | $52,500 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $175,000 | $58,333 | $0 | 0.00% |
| ALBANY, GA (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 | 301 | $37,075,000 | $123,173 | $0 | 0.00% |
For 2024, Farmers & Merchants Bank's most frequently originated type of loan was Conventional, with 301 originations.
Loan Reason
For 2024, Farmers & Merchants Bank's most frequently cited loan purpose was Refi, with 173 originations. The 2nd most popular reason was Home Purchase, with 82 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 301 | $37,075,000 | $123,173 | $0 | 0.00% |
For 2024, Farmers & Merchants Bank's most frequently cited loan duration was Other, with 301 originations.
Loan Sizing
2024 saw Farmers & Merchants Bank place emphasis on $100,000 or less loans with 214 originations, totaling $9,610,000 in origination value.
Applicant Income
Farmers & Merchants Bank lent most frequently to those with incomes in the $50k or less range, with 78 originations. The second most popular income band? $50k-75k, with 41 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 301 | $37,075,000 | $123,173 | $0 | 0.00% |
Farmers & Merchants Bank lent most frequently to those with DTI ratios of Exempt%, with 301 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.24%
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 origination94.02%
Farmers & Merchants Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 301 | $37,075,000 | $123,173 |