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

Omaha, NE

LEI: 549300HD3IJR9YCUG196

Tax ID: 47-0376012

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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, Boulder, Lincoln, and Cedar Rapids 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

    309

    Origination Dollar Volume (All Markets)

    $73,735,000

    Awards

    Farm Credit Services of America FLCA 30 Year Conventional Loans bronze Farm Credit Services of America FLCA 30 Year Conventional Loans silver
    Show all (2) 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 233 $53,325,000 $228,863 $2,225 4.56%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 17 $4,955,000 $291,471 $2,747 4.40%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 17 $3,655,000 $215,000 $2,351 4.69%
    BOULDER, CO (FHA|USDA|VA) 1 $2,405,000 $2,405,000 $3,785 4.10%
    LINCOLN, NE (FHA|USDA|VA) 5 $1,525,000 $305,000 $2,055 4.86%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 3 $1,245,000 $415,000 $2,128 4.70%
    IOWA CITY, IA (FHA|USDA|VA) 5 $1,195,000 $239,000 $1,458 4.57%
    AMES, IA (FHA|USDA|VA) 5 $1,025,000 $205,000 $2,344 4.24%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 3 $985,000 $328,333 $2,651 4.63%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 4 $940,000 $235,000 $1,775 5.06%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 2 $600,000 $300,000 $3,478 4.33%
    RAPID CITY, SD (FHA|USDA|VA) 3 $485,000 $161,667 $2,198 4.38%
    SIOUX FALLS, SD (FHA|USDA|VA) 5 $425,000 $85,000 $1,248 4.77%
    GRAND ISLAND, NE (FHA|USDA|VA) 2 $420,000 $210,000 $2,596 4.70%
    CASPER, WY (FHA|USDA|VA) 2 $360,000 $180,000 $1,323 4.43%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $175,000 $175,000 $1,983 4.55%
    DUBUQUE, IA (FHA|USDA|VA) 1 $15,000 $15,000 $500 4.00%
    Farm Credit Services Of America Flca's top markets include Omaha, Des Moines, Boulder, Lincoln, and Cedar Rapids among others.

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

    FINANCIAL PLUS Credit Union
    Similarity Rank: 63
    LIBERTY FIRST
    Similarity Rank: 81
    Raccoon Valley Bank
    Similarity Rank: 145
    Luana Savings Bank
    Similarity Rank: 253
    Community Choice Credit Union
    Similarity Rank: 255
    MUTUAL FIRST
    Similarity Rank: 276
    Central National Bank
    Similarity Rank: 363
    Peoples Bank
    Similarity Rank: 380
    Fidelity Bank
    Similarity Rank: 388
    CORNHUSKER BANK
    Similarity Rank: 435

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 309 $73,735,000 $238,625 $2,234 4.56%

    For 2019, Farm Credit Services Of America Flca's most frequently originated type of loan was Conventional, with 309 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 222 $52,410,000 $236,081 $2,466 4.56%
    Refi 49 $12,585,000 $256,837 $1,897 4.60%
    Home Improvement 24 $7,230,000 $301,250 $1,301 4.58%
    Other 14 $1,510,000 $107,857 $1,185 4.46%

    For 2019, Farm Credit Services Of America Flca's most frequently cited loan purpose was Home Purchase, with 222 originations. The 2nd most popular reason was Refi, with 49 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 180 $45,900,000 $255,000 $2,463 4.58%
    20 Year 46 $6,930,000 $150,652 $1,874 4.55%
    Other 38 $14,360,000 $377,895 $2,113 4.67%
    15 Year 28 $5,740,000 $205,000 $1,901 4.57%
    10 Year 12 $490,000 $40,833 $1,045 4.31%
    5 Year 5 $315,000 $63,000 $1,936 3.99%

    For 2019, Farm Credit Services Of America Flca's most frequently cited loan duration was 30 Year, with 180 originations. The 2nd most popular length was 20 Year, with 46 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 124 $22,260,000 $179,516
    $1k-2k 116 $24,570,000 $211,810
    $2k-3k 47 $16,835,000 $358,191
    $3k-4k 7 $3,185,000 $455,000
    $4k-5k 1 $805,000 $805,000

    Farm Credit Services Of America Flca's average total fees were $2,463, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 124 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 251 $64,075,000 $255,279
    5-6% 40 $7,120,000 $178,000
    3-4% 18 $2,540,000 $141,111

    During 2019, Farm Credit Services Of America Flca's average interest rate for loans was 4.58%, while their most frequently originated rate bucket for loans was 4-5%, with 251 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 120 $33,290,000 $277,417 $2,648 4.54%
    $100k-200k 91 $13,555,000 $148,956 $1,800 4.61%
    $100,000 or less 64 $3,680,000 $57,500 $1,322 4.62%
    $400k-600k 29 $12,855,000 $443,276 $3,230 4.42%
    $1MM+ 3 $8,695,000 $2,898,333 $4,343 4.52%
    $600k-1MM 2 $1,660,000 $830,000 $4,929 4.23%

    2019 saw Farm Credit Services Of America Flca place emphasis on $200k-400k loans with 120 originations, totaling $33,290,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 88 $19,620,000 $222,955 $2,421 4.56%
    $250k+ 84 $22,050,000 $262,500 $2,288 4.58%
    $150k-250k 50 $11,800,000 $236,000 $2,283 4.53%
    $75k-100k 39 $6,955,000 $178,333 $2,011 4.54%
    $50k-75k 28 $4,040,000 $144,286 $1,941 4.53%
    $50k or less 15 $1,275,000 $85,000 $1,801 4.81%

    Farm Credit Services Of America Flca lent most frequently to those with incomes in the $100k-150k range, with 88 originations. The second most popular income band? $250k+, with 84 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 40 $9,280,000 $232,000 $2,495 4.50%
    20-30% 27 $5,105,000 $189,074 $2,084 4.65%
    37% 15 $3,455,000 $230,333 $2,086 4.65%
    39% 14 $3,450,000 $246,429 $2,452 4.47%
    40% 14 $3,860,000 $275,714 $2,605 4.51%
    38% 11 $2,525,000 $229,545 $2,479 4.75%
    36% 9 $1,785,000 $198,333 $1,846 4.47%
    41% 7 $2,355,000 $336,429 $3,448 4.48%
    43% 5 $1,075,000 $215,000 $2,568 4.57%
    <20% 4 $1,010,000 $252,500 $2,247 4.88%
    42% 2 $450,000 $225,000 $1,480 4.88%
    46% 1 $275,000 $275,000 $3,497 4.45%
    47% 1 $255,000 $255,000 $3,323 4.45%

    Farm Credit Services Of America Flca lent most frequently to those with DTI ratios of 30-36%, with 40 originations. The next most common DTI ratio? 20-30%, with 27 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 278 $60,550,000 $217,806 $2,267 4.57%
    Not applicable 4 $7,850,000 $1,962,500 $2,660 4.43%
    Not provided 27 $5,335,000 $197,593 $1,864 4.56%

    Approval Rates

    Total approvals of all applications
    77.88%

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

    Pick Rate

    Approvals leading to origination
    36.25%

    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 309 $73,735,000 $238,625

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 14 $2,000,000 $142,857
    Single Family (1-4 Units):Site-Built 295 $71,735,000 $243,169

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 30 $3,670,000 $122,333 $1,507 4.55%
    40-60% 41 $7,855,000 $191,585 $2,265 4.47%
    60-80% 117 $29,245,000 $249,957 $2,407 4.58%
    80-100% 97 $26,605,000 $274,278 $2,465 4.58%
    Under 20% 24 $6,360,000 $265,000 $955 4.56%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Franklin Credit Management Corporation Conventional home mortgage Struggling to pay mortgage 3 21.4%
    Franklin Credit Management Corporation Conventional home mortgage Trouble during payment process 2 14.3%
    Franklin Credit Management Corporation FHA mortgage Struggling to pay mortgage 2 14.3%
    Franklin Credit Management Corporation Other type of mortgage Struggling to pay mortgage 5 35.7%
    Franklin Credit Management Corporation Other type of mortgage Trouble during payment process 2 14.3%