The Farmers Bank Of Appomattox Mortgage Rates, Fees & Info

Appomattox, VA

LEI: 549300M3EF1JHLTH5P71

Tax ID: 54-0208150

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    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, Charlottesville, Roanoke, and Blacksburg 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 average approval rate when compared to the average across all lenders. They have an above 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

    108

    Origination Dollar Volume (All Markets)

    $16,620,000

    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) 81 $13,215,000 $163,148 $0 0.00%
    Outside of Metro Areas 23 $2,715,000 $118,043 $0 0.00%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 2 $520,000 $260,000 $0 0.00%
    ROANOKE, VA (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    The Farmers Bank Of Appomattox's top markets include Lynchburg, Charlottesville, Roanoke, and Blacksburg among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 108 $16,620,000 $153,889 $0 0.00%

    For 2024, The Farmers Bank Of Appomattox's most frequently originated type of loan was Conventional, with 108 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 47 $10,195,000 $216,915 $0 0.00%
    Other 26 $2,880,000 $110,769 $0 0.00%
    Refi 20 $2,550,000 $127,500 $0 0.00%
    Home Improvement 15 $995,000 $66,333 $0 0.00%

    For 2024, The Farmers Bank Of Appomattox's most frequently cited loan purpose was Home Purchase, with 47 originations. The 2nd most popular reason was Other, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 108 $16,620,000 $153,889 $0 0.00%

    For 2024, The Farmers Bank Of Appomattox's most frequently cited loan duration was Other, with 108 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 53 $3,005,000 $56,698 $0 0.00%
    $100k-200k 25 $3,605,000 $144,200 $0 0.00%
    $200k-400k 23 $6,515,000 $283,261 $0 0.00%
    $400k-600k 6 $2,690,000 $448,333 $0 0.00%
    $600k-1MM 1 $805,000 $805,000 $0 0.00%

    2024 saw The Farmers Bank Of Appomattox place emphasis on $100,000 or less loans with 53 originations, totaling $3,005,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 31 $5,475,000 $176,613 $0 0.00%
    $50k or less 19 $1,375,000 $72,368 $0 0.00%
    $75k-100k 17 $2,185,000 $128,529 $0 0.00%
    $50k-75k 16 $1,430,000 $89,375 $0 0.00%
    $250k+ 8 $2,320,000 $290,000 $0 0.00%
    $150k-250k 4 $1,060,000 $265,000 $0 0.00%

    The Farmers Bank Of Appomattox lent most frequently to those with incomes in the $100k-150k range, with 31 originations. The second most popular income band? $50k or less, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 108 $16,620,000 $153,889 $0 0.00%

    The Farmers Bank Of Appomattox lent most frequently to those with DTI ratios of Exempt%, with 108 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 89 $13,795,000 $155,000 $0 0.00%
    Not applicable 10 $2,320,000 $232,000 $0 0.00%
    Black 8 $400,000 $50,000 $0 0.00%
    American Indian 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.80%

    The Farmers Bank Of Appomattox has an average approval rate.

    Pick Rate

    Approvals leading to origination
    97.22%

    The Farmers Bank Of Appomattox has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 108 $16,620,000 $153,889

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    108 $16,620,000 $153,889