Farmers And Merchants Bank Of Fowblesburg Maryland Mortgage Rates, Fees & Info
UPPERCO, MDLEI: 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
85Origination Dollar Volume (All Markets)
$29,005,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
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
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
Approval Rates
Total approvals of all applications95.33%
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 origination81.18%
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 |