Farmers-merchants Bank & Trust Company Mortgage Rates, Fees & Info

Breaux Bridge, LA

LEI: 549300IB375I8TZ2FA87

Tax ID: 02-0182460

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Farmers-merchants Bank & Trust Company is a smaller bank specializing in Refi and Home Purchase loans. Farmers-merchants Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Lafayette, New Orleans, Opelousas, Baton Rouge, and Lake Charles among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Farmers-merchants Bank & Trust Company 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.

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.


Originations

165

Origination Dollar Volume (All Markets)

$19,505,000

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
LAFAYETTE, LA (FHA|USDA|VA) 125 $13,625,000 $109,000 $0 0.00%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $1,960,000 $980,000 $0 0.00%
Opelousas, LA (FHA|USDA|VA) 20 $1,670,000 $83,500 $0 0.00%
BATON ROUGE, LA (FHA|USDA|VA) 5 $775,000 $155,000 $0 0.00%
Outside of Metro Areas 6 $640,000 $106,667 $0 0.00%
LAKE CHARLES, LA (FHA|USDA|VA) 4 $380,000 $95,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
Morgan City, LA (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Jennings, LA (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
Farmers-merchants Bank & Trust Company's top markets include Lafayette, New Orleans, Opelousas, Baton Rouge, and Lake Charles among others.

Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 165 $19,505,000 $118,212 $0 0.00%

    For 2022, Farmers-merchants Bank & Trust Company's most frequently originated type of loan was Conventional, with 165 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 83 $9,085,000 $109,458 $0 0.00%
    Home Purchase 78 $10,180,000 $130,513 $0 0.00%
    Home Improvement 2 $70,000 $35,000 $0 0.00%
    Other 2 $170,000 $85,000 $0 0.00%

    For 2022, Farmers-merchants Bank & Trust Company's most frequently cited loan purpose was Refi, with 83 originations. The 2nd most popular reason was Home Purchase, with 78 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 165 $19,505,000 $118,212 $0 0.00%

    For 2022, Farmers-merchants Bank & Trust Company's most frequently cited loan duration was Other, with 165 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 109 $5,575,000 $51,147 $0 0.00%
    $100k-200k 35 $4,825,000 $137,857 $0 0.00%
    $200k-400k 12 $3,180,000 $265,000 $0 0.00%
    $400k-600k 4 $1,750,000 $437,500 $0 0.00%
    $600k-1MM 4 $2,820,000 $705,000 $0 0.00%
    $1MM+ 1 $1,355,000 $1,355,000 $0 0.00%

    2022 saw Farmers-merchants Bank & Trust Company place emphasis on $100,000 or less loans with 109 originations, totaling $5,575,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 27 $1,535,000 $56,852 $0 0.00%
    $50k-75k 23 $1,315,000 $57,174 $0 0.00%
    $75k-100k 11 $605,000 $55,000 $0 0.00%
    $100k-150k 10 $1,120,000 $112,000 $0 0.00%
    $150k-250k 5 $405,000 $81,000 $0 0.00%

    Farmers-merchants Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 27 originations. The second most popular income band? $50k-75k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 165 $19,505,000 $118,212 $0 0.00%

    Farmers-merchants Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 165 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 86 $13,390,000 $155,698 $0 0.00%
    White 60 $5,020,000 $83,667 $0 0.00%
    Black 19 $1,095,000 $57,632 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.09%

    Farmers-merchants Bank & Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.21%

    Farmers-merchants Bank & Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 165 $19,505,000 $118,212

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    165 $19,505,000 $118,212