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, Thomasville, Waycross, and Tifton 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 a below average pick rate when compared to similar lenders.
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Originations
327Origination Dollar Volume (All Markets)
$36,735,000Top 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) | 175 | $20,085,000 | $114,771 | $0 | 0.00% |
| Outside of Metro Areas | 127 | $12,755,000 | $100,433 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 7 | $1,845,000 | $263,571 | $0 | 0.00% |
| Thomasville, GA (FHA|USDA|VA) | 6 | $850,000 | $141,667 | $0 | 0.00% |
| Waycross, GA (FHA|USDA|VA) | 4 | $380,000 | $95,000 | $0 | 0.00% |
| Tifton, GA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| ALBANY, GA (FHA|USDA|VA) | 3 | $145,000 | $48,333 | $0 | 0.00% |
| Dublin, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Jesup, GA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 327 | $36,735,000 | $112,339 | $0 | 0.00% |
For 2022, Farmers & Merchants Bank's most frequently originated type of loan was Conventional, with 327 originations.
Loan Reason
For 2022, Farmers & Merchants Bank's most frequently cited loan purpose was Refi, with 184 originations. The 2nd most popular reason was Home Purchase, with 114 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 327 | $36,735,000 | $112,339 | $0 | 0.00% |
For 2022, Farmers & Merchants Bank's most frequently cited loan duration was Other, with 327 originations.
Loan Sizing
2022 saw Farmers & Merchants Bank place emphasis on $100,000 or less loans with 215 originations, totaling $9,735,000 in origination value.
Applicant Income
Farmers & Merchants Bank lent most frequently to those with incomes in the $50k or less range, with 83 originations. The second most popular income band? $50k-75k, with 51 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 327 | $36,735,000 | $112,339 | $0 | 0.00% |
Farmers & Merchants Bank lent most frequently to those with DTI ratios of Exempt%, with 327 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.83%
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 origination89.91%
Farmers & Merchants Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 327 | $36,735,000 | $112,339 |