Merchants & Farmers Bank & Trust Company Mortgage Rates, Fees & Info
Leesville, LALEI: 549300NG6J01HLGSZW49
Tax ID: 72-0258810
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Merchants & Farmers Bank & Trust Company is a smaller bank specializing in Home Purchase and Refi loans. Merchants & Farmers Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Fort Polk South, Lake Charles, Alexandria, Deridder, and Dallas among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Merchants & Farmers Bank & Trust Company 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
90Origination Dollar Volume (All Markets)
$12,910,000Top 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 |
|---|---|---|---|---|---|
| Fort Polk South, LA (FHA|USDA|VA) | 51 | $6,935,000 | $135,980 | $0 | 0.00% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 21 | $2,895,000 | $137,857 | $0 | 0.00% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $620,000 | $155,000 | $0 | 0.00% |
| DeRidder, LA (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Natchitoches, LA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Jennings, LA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 0.00% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 90 | $12,910,000 | $143,444 | $0 | 0.00% |
For 2024, Merchants & Farmers Bank & Trust Company's most frequently originated type of loan was Conventional, with 90 originations.
Loan Reason
For 2024, Merchants & Farmers Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 52 originations. The 2nd most popular reason was Refi, with 23 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 90 | $12,910,000 | $143,444 | $0 | 0.00% |
For 2024, Merchants & Farmers Bank & Trust Company's most frequently cited loan duration was Other, with 90 originations.
Loan Sizing
2024 saw Merchants & Farmers Bank & Trust Company place emphasis on $100,000 or less loans with 36 originations, totaling $1,870,000 in origination value.
Applicant Income
Merchants & Farmers Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 17 originations. The second most popular income band? $100k-150k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 90 | $12,910,000 | $143,444 | $0 | 0.00% |
Merchants & Farmers Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 90 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.55%
Merchants & Farmers Bank & Trust Company has a below average approval rate.
Pick Rate
Approvals leading to origination83.33%
Merchants & Farmers Bank & Trust Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 90 | $12,910,000 | $143,444 |