Farmers Bank & Trust Company Mortgage Rates, Fees & InfoMagnolia, AR
Tax ID: 71-0054330
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewFarmers Bank & Trust Company is a smaller bank specializing in Home Purchase and Refi loans. Farmers Bank & Trust Company has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Texarkana, Paris, Magnolia, Dallas, and Little Rock among others. We have data for 35 markets. (Some data included below & more in-depth data is available with an active subscription.)
Farmers Bank & Trust Company 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. Farmers Bank & Trust Company is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.73%||12/4/23|
|30 Year Conventional Refi||6.43%||12/4/23|
|30 Year Cash-out Refi||6.55%||12/4/23|
|30 Year FHA Purchase||7.34%||12/4/23|
|30 Year FHA Refi||6.45%||12/4/23|
|30 Year VA Purchase||6.42%||12/4/23|
|30 Year VA Refi||6.36%||12/4/23|
|30 Year USDA Purchase||6.57%||12/4/23|
|15 Year Conventional Purchase||6.65%||12/4/23|
|15 Year Conventional Refi||6.26%||12/4/23|
|15 Year Cash-out Refi||6.26%||12/4/23|
|15 Year FHA Refi||8.08%||12/4/23|
|These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.|
Farmers Bank & Trust Company Mortgage Calculator
Your EstimatesEstimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Farmers Bank & Trust Company. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$169,310,000
Farmers Bank & Trust Company - 2022
Farmers Bank & Trust Company is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
Work for Farmers Bank & Trust Company?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Farmers Bank & Trust Company's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.11%.
Relative Fees (Closing Costs)
Farmers Bank & Trust Company's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,139.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.
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|
|TEXARKANA, TX-AR (FHA|USDA|VA)||176||$36,750,000||$208,807||$5,283||5.52%|
|Paris, TX (FHA|USDA|VA)||99||$22,845,000||$230,758||$4,309||5.09%|
|Magnolia, AR (FHA|USDA|VA)||105||$20,385,000||$194,143||$2,151||5.09%|
|Outside of Metro Areas||96||$16,730,000||$174,271||$2,644||5.53%|
|Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA)||24||$13,530,000||$563,750||$12,192||4.29%|
|LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA)||26||$10,110,000||$388,846||$3,863||4.96%|
|Hope, AR (FHA|USDA|VA)||73||$8,645,000||$118,425||$1,737||5.42%|
|Woodward, OK (FHA|USDA|VA)||1||$7,255,000||$7,255,000||$0||7.50%|
|SHERMAN-DENISON, TX (FHA|USDA|VA)||7||$5,065,000||$723,571||$14,430||5.56%|
|AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA)||3||$4,545,000||$1,515,000||$13,859||4.53%|
|FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA)||11||$4,245,000||$385,909||$2,846||5.33%|
|Camden, AR (FHA|USDA|VA)||36||$4,100,000||$113,889||$1,859||5.40%|
|El Dorado, AR (FHA|USDA|VA)||11||$2,375,000||$215,909||$2,027||4.90%|
|Malvern, AR (FHA|USDA|VA)||18||$2,110,000||$117,222||$2,060||5.64%|
|HOT SPRINGS, AR (FHA|USDA|VA)||5||$1,455,000||$291,000||$2,012||5.25%|
|HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA)||2||$1,000,000||$500,000||$10,719||4.81%|
|Sevierville, TN (FHA|USDA|VA)||1||$925,000||$925,000||$0||7.00%|
|SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA)||3||$885,000||$295,000||$3,985||3.79%|
|LONGVIEW, TX (FHA|USDA|VA)||2||$880,000||$440,000||$4,907||4.73%|
|Arkadelphia, AR (FHA|USDA|VA)||7||$755,000||$107,857||$1,575||4.73%|
|Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA)||1||$645,000||$645,000||$7,482||4.88%|
|El Campo, TX (FHA|USDA|VA)||2||$620,000||$310,000||$6,700||4.81%|
|Minden, LA (FHA|USDA|VA)||5||$505,000||$101,000||$3,108||4.75%|
|CORPUS CHRISTI, TX (FHA|USDA|VA)||1||$425,000||$425,000||$3,865||4.25%|
|Harrison, AR (FHA|USDA|VA)||1||$395,000||$395,000||$0||6.25%|
|FRESNO, CA (FHA|USDA|VA)||1||$305,000||$305,000||$6,843||3.88%|
|Durant, OK (FHA|USDA|VA)||1||$295,000||$295,000||$1,991||4.50%|
|Mount Pleasant, TX (FHA|USDA|VA)||1||$295,000||$295,000||$4,480||2.99%|
|SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA)||1||$295,000||$295,000||$3,562||4.95%|
|SANTA FE, NM (FHA|USDA|VA)||1||$215,000||$215,000||$4,866||3.38%|
|LUBBOCK, TX (FHA|USDA|VA)||1||$205,000||$205,000||$0||4.75%|
|COLLEGE STATION-BRYAN, TX (FHA|USDA|VA)||1||$185,000||$185,000||$0||5.25%|
|JONESBORO, AR (FHA|USDA|VA)||1||$175,000||$175,000||$0||4.50%|
|OKLAHOMA CITY, OK (FHA|USDA|VA)||1||$95,000||$95,000||$2,468||4.75%|
|Russellville, AR (FHA|USDA|VA)||1||$65,000||$65,000||$0||5.00%|
We use machine learning to identify the top lenders compared against Farmers Bank & Trust Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 285
Similarity Rank: 360
Similarity Rank: 380
Similarity Rank: 528
Similarity Rank: 598
Similarity Rank: 928
Similarity Rank: 968
Similarity Rank: 1027
Similarity Rank: 1170
Similarity Rank: 1200
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Farmers Bank & Trust Company's most frequently originated type of loan was Conventional, with 685 originations. Their 2nd most popular type was FHA, with 24 originations.
For 2022, Farmers Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 481 originations. The 2nd most popular reason was Refi, with 169 originations.
For 2022, Farmers Bank & Trust Company's most frequently cited loan duration was Other, with 216 originations. The 2nd most popular length was 5 Year, with 156 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Farmers Bank & Trust Company's average total fees were $7,139, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 356 originations.
During 2022, Farmers Bank & Trust Company's average interest rate for loans was 4.87%, while their most frequently originated rate bucket for loans was 4-5%, with 318 originations.
2022 saw Farmers Bank & Trust Company place emphasis on $100,000 or less loans with 242 originations, totaling $14,200,000 in origination value.
Farmers Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 145 originations. The second most popular income band? $50k-75k, with 114 originations.
Applicant Debt to Income Ratio
Farmers Bank & Trust Company lent most frequently to those with DTI ratios of 20-30%, with 137 originations. The next most common DTI ratio? 30-36%, with 87 originations.
Approval RatesTotal approvals of all applications
Farmers Bank & Trust Company has an average approval rate.
Pick RateApprovals leading to origination
Farmers Bank & Trust Company has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|