The Farmers Bank Of Appomattox Mortgage Rates, Fees & Info

Appomattox, VA

LEI: 549300M3EF1JHLTH5P71

Tax ID: 54-0208150

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Mortgage Data

Review & Overview

The Farmers Bank Of Appomattox is a smaller bank specializing in Home Purchase loans. The Farmers Bank Of Appomattox has a high proportion of conventional loans. Their top markets by origination volume include: Lynchburg, Richmond, Charlottesville, and Danville among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Farmers Bank Of Appomattox 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

79

Origination Dollar Volume (All Markets)

$13,295,000

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
LYNCHBURG, VA (FHA|USDA|VA) 53 $9,085,000 $171,415 $0 0.00%
Outside of Metro Areas 20 $2,960,000 $148,000 $0 0.00%
RICHMOND, VA (FHA|USDA|VA) 3 $555,000 $185,000 $0 0.00%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 2 $350,000 $175,000 $0 0.00%
Danville, VA (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
The Farmers Bank Of Appomattox's top markets include Lynchburg, Richmond, Charlottesville, and Danville among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 79 $13,295,000 $168,291 $0 0.00%

    For 2023, The Farmers Bank Of Appomattox's most frequently originated type of loan was Conventional, with 79 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 35 $9,335,000 $266,714 $0 0.00%
    Refi 19 $2,245,000 $118,158 $0 0.00%
    Home Improvement 14 $1,080,000 $77,143 $0 0.00%
    Other 11 $635,000 $57,727 $0 0.00%

    For 2023, The Farmers Bank Of Appomattox's most frequently cited loan purpose was Home Purchase, with 35 originations. The 2nd most popular reason was Refi, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 79 $13,295,000 $168,291 $0 0.00%

    For 2023, The Farmers Bank Of Appomattox's most frequently cited loan duration was Other, with 79 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 32 $1,580,000 $49,375 $0 0.00%
    $100k-200k 26 $3,610,000 $138,846 $0 0.00%
    $200k-400k 12 $3,270,000 $272,500 $0 0.00%
    $400k-600k 6 $2,730,000 $455,000 $0 0.00%
    $600k-1MM 3 $2,105,000 $701,667 $0 0.00%

    2023 saw The Farmers Bank Of Appomattox place emphasis on $100,000 or less loans with 32 originations, totaling $1,580,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 22 $4,800,000 $218,182 $0 0.00%
    $50k-75k 16 $1,810,000 $113,125 $0 0.00%
    $50k or less 14 $790,000 $56,429 $0 0.00%
    $150k-250k 7 $2,615,000 $373,571 $0 0.00%
    $75k-100k 6 $550,000 $91,667 $0 0.00%
    $250k+ 4 $1,230,000 $307,500 $0 0.00%

    The Farmers Bank Of Appomattox lent most frequently to those with incomes in the $100k-150k range, with 22 originations. The second most popular income band? $50k-75k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 79 $13,295,000 $168,291 $0 0.00%

    The Farmers Bank Of Appomattox lent most frequently to those with DTI ratios of Exempt%, with 79 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 64 $11,590,000 $181,094 $0 0.00%
    Not applicable 8 $1,330,000 $166,250 $0 0.00%
    Black 7 $375,000 $53,571 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.43%

    The Farmers Bank Of Appomattox has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.41%

    The Farmers Bank Of Appomattox has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 79 $13,295,000 $168,291

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    79 $13,295,000 $168,291