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 Refi and Home Purchase loans. Farm Credit Services Of America Flca has a high proportion of conventional loans.

    Farm Credit Services Of America Flca 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.

    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

    30

    Origination Dollar Volume (All Markets)

    $7,930,000

    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 30 $7,930,000 $264,333 $0 4.05%
    Farm Credit Services Of America Flca's top markets include

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

    Bank
    Similarity Rank: 82
    RESIDENTIAL MORTGAGE NETWORK, INC.
    Similarity Rank: 102
    VisionBank of Iowa
    Similarity Rank: 187
    GREATER IOWA CREDIT UNION
    Similarity Rank: 252
    KELLOGG MIDWEST FEDERAL CREDIT UNION
    Similarity Rank: 322
    Fidelity Bank
    Similarity Rank: 336
    U.S. HOME MORTGAGE, INC.
    Similarity Rank: 413
    MUTUAL FIRST
    Similarity Rank: 484
    Cobalt Credit Union
    Similarity Rank: 490
    Raccoon Valley Bank
    Similarity Rank: 540

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 30 $7,930,000 $264,333 $0 4.05%

    For 2021, Farm Credit Services Of America Flca's most frequently originated type of loan was Conventional, with 30 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 18 $5,400,000 $300,000 $0 4.19%
    Home Purchase 10 $1,680,000 $168,000 $0 3.90%
    Home Improvement 2 $850,000 $425,000 $0 3.57%

    For 2021, Farm Credit Services Of America Flca's most frequently cited loan purpose was Refi, with 18 originations. The 2nd most popular reason was Home Purchase, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 24 $7,140,000 $297,500 $0 4.07%
    20 Year 3 $515,000 $171,667 $0 3.83%
    15 Year 2 $230,000 $115,000 $0 4.22%
    10 Year 1 $45,000 $45,000 $0 3.84%

    For 2021, Farm Credit Services Of America Flca's most frequently cited loan duration was Other, with 24 originations. The 2nd most popular length was 20 Year, with 3 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 19 $5,865,000 $308,684
    3-4% 9 $1,525,000 $169,444
    2.5-3% 2 $540,000 $270,000

    During 2021, Farm Credit Services Of America Flca's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 19 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 11 $735,000 $66,818 $0 4.07%
    $100k-200k 6 $910,000 $151,667 $0 3.84%
    $200k-400k 6 $1,610,000 $268,333 $0 3.86%
    $400k-600k 4 $1,860,000 $465,000 $0 4.40%
    $600k-1MM 2 $1,370,000 $685,000 $0 4.36%
    $1MM+ 1 $1,445,000 $1,445,000 $0 4.17%

    2021 saw Farm Credit Services Of America Flca place emphasis on $100,000 or less loans with 11 originations, totaling $735,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 11 $3,765,000 $342,273 $0 4.00%
    $150k-250k 7 $1,155,000 $165,000 $0 4.22%
    $100k-150k 3 $1,175,000 $391,667 $0 4.42%

    Farm Credit Services Of America Flca lent most frequently to those with incomes in the $250k+ range, with 11 originations. The second most popular income band? $150k-250k, with 7 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 20 $5,350,000 $267,500 $0 4.10%
    Not applicable 9 $1,835,000 $203,889 $0 3.86%
    Not provided 1 $745,000 $745,000 $0 4.66%

    Approval Rates

    Total approvals of all applications
    93.02%

    Farm Credit Services Of America Flca has an average approval rate.

    Pick Rate

    Approvals leading to origination
    66.67%

    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 30 $7,930,000 $264,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    30 $7,930,000 $264,333

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $1,485,000 $212,143 $0 3.92%
    40-60% 7 $3,265,000 $466,429 $0 4.13%
    60-80% 6 $1,690,000 $281,667 $0 4.23%
    Under 20% 10 $1,490,000 $149,000 $0 3.98%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Franklin Credit Management Corporation Conventional home mortgage Struggling to pay mortgage 6 54.5%
    Franklin Credit Management Corporation Conventional home mortgage Trouble during payment process 3 27.3%
    Franklin Credit Management Corporation Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 9.1%
    Franklin Credit Management Corporation Other type of mortgage Struggling to pay mortgage 1 9.1%