Farm Credit Services Of America Flca Mortgage Rates, Fees & Info
Omaha, NELEI: 549300HD3IJR9YCUG196
Tax ID: 47-0376012
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Farm Credit Services Of America Flca is a smaller mortgage company specializing in Refi and Home Purchase loans. Farm Credit Services Of America Flca has a high proportion of conventional loans. Their top markets by origination volume include: Sioux Falls, Cedar Rapids, Des Moines, Spirit Lake, and Minneapolis among others. We have data for 10 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. They typically have about average rates.
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Originations
33Origination Dollar Volume (All Markets)
$8,185,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 19 | $3,425,000 | $180,263 | $0 | 3.64% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 4 | $1,620,000 | $405,000 | $0 | 3.73% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $0 | 3.57% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $0 | 3.05% |
| Spirit Lake, IA (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 3.30% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 4.03% |
| Kearney, NE (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 3.90% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 3.18% |
| DUBUQUE, IA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 4.50% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.77% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 33 | $8,185,000 | $248,030 | $0 | 3.64% |
For 2020, Farm Credit Services Of America Flca's most frequently originated type of loan was Conventional, with 33 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 22 | $5,700,000 | $259,091 | $0 | 3.76% |
| Home Purchase | 10 | $2,340,000 | $234,000 | $0 | 3.28% |
| Home Improvement | 1 | $145,000 | $145,000 | $0 | 4.50% |
For 2020, Farm Credit Services Of America Flca's most frequently cited loan purpose was Refi, with 22 originations. The 2nd most popular reason was Home Purchase, with 10 originations.
Loan Duration/Length
For 2020, Farm Credit Services Of America Flca's most frequently cited loan duration was Other, with 21 originations. The 2nd most popular length was 20 Year, with 5 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 22 | $4,830,000 | $219,545 |
| 4-5% | 7 | $2,375,000 | $339,286 |
| 2.5-3% | 3 | $875,000 | $291,667 |
| <2.5% | 1 | $105,000 | $105,000 |
During 2020, Farm Credit Services Of America Flca's average interest rate for loans was 3.30%, while their most frequently originated rate bucket for loans was 3-4%, with 22 originations.
Loan Sizing
2020 saw Farm Credit Services Of America Flca place emphasis on $100k-200k loans with 11 originations, totaling $1,565,000 in origination value.
Applicant Income
Farm Credit Services Of America Flca lent most frequently to those with incomes in the $250k+ range, with 22 originations. The second most popular income band? $100k-150k, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.23%
Farm Credit Services Of America Flca has an average approval rate.
Pick Rate
Approvals leading to origination75.76%
Farm Credit Services Of America Flca has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 33 | $8,185,000 | $248,030 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 33 | $8,185,000 | $248,030 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Franklin Credit Management Corporation | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 12.5% |
| Franklin Credit Management Corporation | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 12.5% |
| Franklin Credit Management Corporation | Conventional home mortgage | Struggling to pay mortgage | 6 | 75.0% |