Farm Credit Services Of America Flca Mortgage Rates, Fees & Info

Omaha, NE

LEI: 549300HD3IJR9YCUG196

Tax ID: 47-0376012

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
  • Complaints
  • Similar Lenders
  • 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

    Farm Credit Services Of America Flca is a smaller mortgage company specializing in Home Purchase loans. Farm Credit Services Of America Flca has a high proportion of conventional loans. Their top markets by origination volume include: Omaha, Des Moines, Sioux Falls, Ames, and Lincoln among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Farm Credit Services Of America Flca has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Farm Credit Services Of America Flca is typically a low 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.

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    Originations

    542

    Origination Dollar Volume (All Markets)

    $109,340,000

    Awards

    Farm Credit Services of America FLCA 30 Year Conventional Loans silver Farm Credit Services of America FLCA 30 Year Conventional Loans bronze Farm Credit Services of America FLCA 30 Year Conventional Loans silver Farm Credit Services of America FLCA 30 Year Conventional Loans bronze
    Show all (4) awards

    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
    Outside of Metro Areas 446 $86,870,000 $194,776 $2,138 4.90%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 30 $6,870,000 $229,000 $1,984 4.87%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 17 $5,025,000 $295,588 $2,289 4.58%
    SIOUX FALLS, SD (FHA|USDA|VA) 10 $2,160,000 $216,000 $2,167 5.23%
    AMES, IA (FHA|USDA|VA) 6 $1,610,000 $268,333 $2,095 5.21%
    LINCOLN, NE (FHA|USDA|VA) 6 $1,590,000 $265,000 $3,046 4.50%
    RAPID CITY, SD (FHA|USDA|VA) 3 $1,365,000 $455,000 $2,731 4.67%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 4 $930,000 $232,500 $1,681 5.06%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 5 $915,000 $183,000 $2,208 4.78%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 3 $485,000 $161,667 $2,579 5.22%
    IOWA CITY, IA (FHA|USDA|VA) 2 $440,000 $220,000 $1,642 4.35%
    DUBUQUE, IA (FHA|USDA|VA) 3 $315,000 $105,000 $805 5.11%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 2 $190,000 $95,000 $2,347 4.85%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $175,000 $175,000 $2,295 5.75%
    CASPER, WY (FHA|USDA|VA) 1 $165,000 $165,000 $2,411 5.55%
    Pella, IA (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.77%
    GRAND ISLAND, NE (FHA|USDA|VA) 2 $110,000 $55,000 $1,258 5.08%
    Farm Credit Services Of America Flca's top markets include Omaha, Des Moines, Sioux Falls, Ames, and Lincoln among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Farm Credit Services of America FLCA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Charter Bank
    Similarity Rank: 36
    Raccoon Valley Bank
    Similarity Rank: 96
    LIBERTY FIRST
    Similarity Rank: 153
    Guthrie County State Bank
    Similarity Rank: 166
    Community Choice Credit Union
    Similarity Rank: 187
    CHARTER WEST BANK
    Similarity Rank: 246
    Washington County Bank
    Similarity Rank: 255
    Collins Community Credit Union
    Similarity Rank: 273
    GREATER IOWA CREDIT UNION
    Similarity Rank: 286
    Luana Savings Bank
    Similarity Rank: 289

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 542 $109,340,000 $201,734 $2,140 4.90%

    For 2018, Farm Credit Services Of America Flca's most frequently originated type of loan was Conventional, with 542 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 372 $85,750,000 $230,511 $2,455 4.81%
    Refi 82 $14,250,000 $173,780 $1,724 5.24%
    Home Improvement 46 $3,820,000 $83,043 $1,105 4.90%
    Other 42 $5,520,000 $131,429 $1,293 5.00%

    For 2018, Farm Credit Services Of America Flca's most frequently cited loan purpose was Home Purchase, with 372 originations. The 2nd most popular reason was Refi, with 82 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 318 $75,550,000 $237,579 $2,446 4.87%
    20 Year 85 $16,345,000 $192,294 $1,969 5.00%
    Other 65 $11,055,000 $170,077 $1,801 4.92%
    15 Year 34 $3,600,000 $105,882 $1,455 5.01%
    10 Year 25 $1,915,000 $76,600 $1,283 4.90%
    5 Year 15 $875,000 $58,333 $768 4.54%

    For 2018, Farm Credit Services Of America Flca's most frequently cited loan duration was 30 Year, with 318 originations. The 2nd most popular length was 20 Year, with 85 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 234 $33,600,000 $143,590
    $1k-2k 221 $45,395,000 $205,407
    $2k-3k 59 $20,555,000 $348,390
    $3k-4k 16 $8,000,000 $500,000
    $4k-5k 1 $615,000 $615,000

    Farm Credit Services Of America Flca's average total fees were $2,446, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 234 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 266 $45,600,000 $171,429
    4-5% 184 $38,080,000 $206,957
    3-4% 91 $25,585,000 $281,154
    6-7% 1 $75,000 $75,000

    During 2018, Farm Credit Services Of America Flca's average interest rate for loans was 4.87%, while their most frequently originated rate bucket for loans was 5-6%, with 266 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 192 $52,920,000 $275,625 $2,678 4.72%
    $100k-200k 173 $25,675,000 $148,410 $1,826 5.08%
    $100,000 or less 134 $7,770,000 $57,985 $1,313 5.06%
    $400k-600k 31 $14,665,000 $473,065 $3,296 4.37%
    $600k-1MM 12 $8,310,000 $692,500 $3,860 4.73%

    2018 saw Farm Credit Services Of America Flca place emphasis on $200k-400k loans with 192 originations, totaling $52,920,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 121 $29,685,000 $245,331 $2,187 4.95%
    $100k-150k 117 $24,495,000 $209,359 $2,178 4.77%
    $75k-100k 107 $18,765,000 $175,374 $2,164 4.86%
    $150k-250k 92 $20,170,000 $219,239 $2,168 4.93%
    $50k-75k 70 $10,860,000 $155,143 $1,969 4.98%
    $50k or less 27 $2,115,000 $78,333 $1,865 5.07%

    Farm Credit Services Of America Flca lent most frequently to those with incomes in the $250k+ range, with 121 originations. The second most popular income band? $100k-150k, with 117 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 88 $18,130,000 $206,023 $2,235 4.87%
    20-30% 59 $11,635,000 $197,203 $2,150 4.94%
    38% 22 $4,200,000 $190,909 $2,399 4.53%
    40% 22 $5,040,000 $229,091 $2,601 4.69%
    36% 20 $4,150,000 $207,500 $2,135 4.79%
    39% 17 $3,905,000 $229,706 $2,433 4.75%
    41% 16 $4,730,000 $295,625 $2,827 4.57%
    37% 13 $2,435,000 $187,308 $2,364 4.89%
    42% 9 $2,025,000 $225,000 $2,438 4.81%
    <20% 4 $470,000 $117,500 $1,657 5.75%
    43% 2 $630,000 $315,000 $3,440 4.64%
    44% 2 $440,000 $220,000 $2,905 5.70%

    Farm Credit Services Of America Flca lent most frequently to those with DTI ratios of 30-36%, with 88 originations. The next most common DTI ratio? 20-30%, with 59 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 516 $102,360,000 $198,372 $2,121 4.90%
    Not provided 19 $4,155,000 $218,684 $2,417 4.91%
    Not applicable 7 $2,825,000 $403,571 $2,875 4.91%

    Approval Rates

    Total approvals of all applications
    70.38%

    Farm Credit Services Of America Flca has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    49.82%

    Farm Credit Services Of America Flca 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
    NA 542 $109,340,000 $201,734

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 28 $3,140,000 $112,143
    Single Family (1-4 Units):Site-Built 514 $106,200,000 $206,615

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 53 $6,615,000 $124,811 $1,716 4.99%
    40-60% 82 $15,220,000 $185,610 $1,986 4.94%
    60-80% 204 $45,070,000 $220,931 $2,323 4.91%
    80-100% 159 $40,585,000 $255,252 $2,493 4.85%
    Under 20% 44 $1,850,000 $42,045 $808 4.86%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FRANKLIN AMERICAN MORTGAGE CO. Conventional home mortgage Closing on a mortgage 1 3.3%
    FRANKLIN AMERICAN MORTGAGE CO. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.3%
    FRANKLIN AMERICAN MORTGAGE CO. Conventional home mortgage Struggling to pay mortgage 1 3.3%
    FRANKLIN AMERICAN MORTGAGE CO. Conventional home mortgage Trouble during payment process 18 60.0%
    FRANKLIN AMERICAN MORTGAGE CO. FHA mortgage Struggling to pay mortgage 1 3.3%
    FRANKLIN AMERICAN MORTGAGE CO. FHA mortgage Trouble during payment process 1 3.3%
    FRANKLIN AMERICAN MORTGAGE CO. Other type of mortgage Struggling to pay mortgage 1 3.3%
    FRANKLIN AMERICAN MORTGAGE CO. Other type of mortgage Trouble during payment process 3 10.0%
    FRANKLIN AMERICAN MORTGAGE CO. VA mortgage Struggling to pay mortgage 1 3.3%
    FRANKLIN AMERICAN MORTGAGE CO. VA mortgage Trouble during payment process 2 6.7%