Farmers State Bank Mortgage Rates, Fees & Info
Lincolnton, GALEI: 549300JSUQDCL7JTGH46
Tax ID: 58-0240000
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Mortgage Data
Review & Overview
Farmers State Bank is a smaller bank specializing in Refi and Home Purchase loans. Farmers State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Augusta, Greenwood, Georgetown, and Warner Robins among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Farmers State Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
60Origination Dollar Volume (All Markets)
$7,490,000Top 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 |
|---|---|---|---|---|---|
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 48 | $5,590,000 | $116,458 | $0 | 0.00% |
| Outside of Metro Areas | 9 | $1,495,000 | $166,111 | $0 | 0.00% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 60 | $7,490,000 | $124,833 | $0 | 0.00% |
For 2018, Farmers State Bank's most frequently originated type of loan was Conventional, with 60 originations.
Loan Reason
For 2018, Farmers State Bank's most frequently cited loan purpose was Refi, with 29 originations. The 2nd most popular reason was Home Purchase, with 27 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 60 | $7,490,000 | $124,833 | $0 | 0.00% |
For 2018, Farmers State Bank's most frequently cited loan duration was Other, with 60 originations.
Loan Sizing
2018 saw Farmers State Bank place emphasis on $100,000 or less loans with 31 originations, totaling $1,675,000 in origination value.
Applicant Income
Farmers State Bank lent most frequently to those with incomes in the $75k-100k range, with 12 originations. The second most popular income band? $50k-75k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 60 | $7,490,000 | $124,833 | $0 | 0.00% |
Farmers State Bank lent most frequently to those with DTI ratios of Exempt%, with 60 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 50 | $6,710,000 | $134,200 | $0 | 0.00% |
| Black | 4 | $400,000 | $100,000 | $0 | 0.00% |
| Not applicable | 6 | $380,000 | $63,333 | $0 | 0.00% |
Approval Rates
Total approvals of all applications92.75%
Farmers State Bank has an average approval rate.
Pick Rate
Approvals leading to origination93.33%
Farmers State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 60 | $7,490,000 | $124,833 |