Farmers And Merchants Bank Of Fowblesburg Maryland Mortgage Rates, Fees & Info

UPPERCO, MD

LEI: 549300MKTQIOL1FBNZ12

Tax ID: 52-0309630

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Mortgage Data

Review & Overview

Farmers And Merchants Bank Of Fowblesburg Maryland is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. Farmers And Merchants Bank Of Fowblesburg Maryland has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Baltimore, Washington, Gettysburg, York, and Dover among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

Farmers And Merchants Bank Of Fowblesburg Maryland has an above 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

85

Origination Dollar Volume (All Markets)

$29,005,000

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
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 74 $25,160,000 $340,000 $0 0.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 4 $1,990,000 $497,500 $0 0.00%
GETTYSBURG, PA (FHA|USDA|VA) 4 $650,000 $162,500 $0 0.00%
YORK-HANOVER, PA (FHA|USDA|VA) 2 $630,000 $315,000 $0 0.00%
DOVER, DE (FHA|USDA|VA) 1 $575,000 $575,000 $0 0.00%
Farmers And Merchants Bank Of Fowblesburg Maryland's top markets include Baltimore, Washington, Gettysburg, York, and Dover among others.

Their top states include:
  • Maryland (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 83 $28,735,000 $346,205 $0 0.00%
    FHA 1 $105,000 $105,000 $0 0.00%
    VA 1 $165,000 $165,000 $0 0.00%

    For 2022, Farmers And Merchants Bank Of Fowblesburg Maryland's most frequently originated type of loan was Conventional, with 83 originations. Their 2nd most popular type was FHA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 49 $14,165,000 $289,082 $0 0.00%
    Refi 17 $7,485,000 $440,294 $0 0.00%
    Cash Out Refi 17 $6,535,000 $384,412 $0 0.00%
    Home Improvement 2 $820,000 $410,000 $0 0.00%

    For 2022, Farmers And Merchants Bank Of Fowblesburg Maryland's most frequently cited loan purpose was Home Purchase, with 49 originations. The 2nd most popular reason was Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 85 $29,005,000 $341,235 $0 0.00%

    For 2022, Farmers And Merchants Bank Of Fowblesburg Maryland's most frequently cited loan duration was Other, with 85 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 32 $8,820,000 $275,625 $0 0.00%
    $100k-200k 21 $3,025,000 $144,048 $0 0.00%
    $400k-600k 21 $10,075,000 $479,762 $0 0.00%
    $600k-1MM 6 $4,240,000 $706,667 $0 0.00%
    $100,000 or less 3 $255,000 $85,000 $0 0.00%
    $1MM+ 2 $2,590,000 $1,295,000 $0 0.00%

    2022 saw Farmers And Merchants Bank Of Fowblesburg Maryland place emphasis on $200k-400k loans with 32 originations, totaling $8,820,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 14 $3,900,000 $278,571 $0 0.00%
    $150k-250k 11 $4,715,000 $428,636 $0 0.00%
    $100k-150k 10 $3,000,000 $300,000 $0 0.00%
    $250k+ 7 $2,415,000 $345,000 $0 0.00%
    $50k or less 6 $650,000 $108,333 $0 0.00%
    $50k-75k 4 $1,330,000 $332,500 $0 0.00%

    Farmers And Merchants Bank Of Fowblesburg Maryland lent most frequently to those with incomes in the $75k-100k range, with 14 originations. The second most popular income band? $150k-250k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 85 $29,005,000 $341,235 $0 0.00%

    Farmers And Merchants Bank Of Fowblesburg Maryland lent most frequently to those with DTI ratios of Exempt%, with 85 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 32 $12,740,000 $398,125 $0 0.00%
    White 41 $12,465,000 $304,024 $0 0.00%
    Not provided 7 $2,485,000 $355,000 $0 0.00%
    Black 2 $710,000 $355,000 $0 0.00%
    American Indian 1 $225,000 $225,000 $0 0.00%
    Asian Indian 1 $225,000 $225,000 $0 0.00%
    Asian 1 $155,000 $155,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.33%

    Farmers And Merchants Bank Of Fowblesburg Maryland has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    81.18%

    Farmers And Merchants Bank Of Fowblesburg Maryland has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 85 $29,005,000 $341,235

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    85 $29,005,000 $341,235