Farmers State Bank Of Hoffman Mortgage Rates, Fees & Info
Hoffman, ILLEI: 549300KTI1WVD92EAK75
Tax ID: 37-0270010
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Mortgage Data
Review & Overview
Farmers State Bank Of Hoffman is a smaller bank specializing in Home Purchase and Refi loans. Farmers State Bank Of Hoffman has a high proportion of conventional loans. Their top two markets are St. Louis and Centralia .Farmers State Bank Of Hoffman 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.
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Originations
39Origination Dollar Volume (All Markets)
$2,755,000Top 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 | 30 | $2,440,000 | $81,333 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 8 | $290,000 | $36,250 | $0 | 0.00% |
| Centralia, IL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 39 | $2,755,000 | $70,641 | $0 | 0.00% |
For 2018, Farmers State Bank Of Hoffman's most frequently originated type of loan was Conventional, with 39 originations.
Loan Reason
For 2018, Farmers State Bank Of Hoffman's most frequently cited loan purpose was Home Purchase, with 21 originations. The 2nd most popular reason was Refi, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 39 | $2,755,000 | $70,641 | $0 | 0.00% |
For 2018, Farmers State Bank Of Hoffman's most frequently cited loan duration was Other, with 39 originations.
Loan Sizing
2018 saw Farmers State Bank Of Hoffman place emphasis on $100,000 or less loans with 32 originations, totaling $1,280,000 in origination value.
Applicant Income
Farmers State Bank Of Hoffman lent most frequently to those with incomes in the $50k or less range, with 11 originations. The second most popular income band? $50k-75k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 39 | $2,755,000 | $70,641 | $0 | 0.00% |
Farmers State Bank Of Hoffman lent most frequently to those with DTI ratios of Exempt%, with 39 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 37 | $2,165,000 | $58,514 | $0 | 0.00% |
| Not applicable | 2 | $590,000 | $295,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications77.59%
Farmers State Bank Of Hoffman has a below average approval rate.
Pick Rate
Approvals leading to origination84.62%
Farmers State Bank Of Hoffman has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 39 | $2,755,000 | $70,641 |