Merchants & Farmers Bank & Trust Company Mortgage Rates, Fees & Info
Leesville, LALEI: 549300NG6J01HLGSZW49
Tax ID: 72-0258810
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Mortgage Data
Review & Overview
Merchants & Farmers Bank & Trust Company is a smaller bank specializing in Home Purchase loans. Merchants & Farmers Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Lake Charles, Fort Polk South, Deridder, Alexandria, and Jennings among others. We have data for 9 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
117Origination Dollar Volume (All Markets)
$18,445,000Top 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 |
|---|---|---|---|---|---|
| LAKE CHARLES, LA (FHA|USDA|VA) | 41 | $8,035,000 | $195,976 | $0 | 0.00% |
| Fort Polk South, LA (FHA|USDA|VA) | 51 | $6,925,000 | $135,784 | $0 | 0.00% |
| DeRidder, LA (FHA|USDA|VA) | 9 | $1,315,000 | $146,111 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $1,095,000 | $219,000 | $0 | 0.00% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 6 | $600,000 | $100,000 | $0 | 0.00% |
| Jennings, LA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 0.00% |
| Ruston, LA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Natchitoches, LA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 117 | $18,445,000 | $157,650 | $0 | 0.00% |
For 2023, Merchants & Farmers Bank & Trust Company's most frequently originated type of loan was Conventional, with 117 originations.
Loan Reason
For 2023, Merchants & Farmers Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 84 originations. The 2nd most popular reason was Refi, with 25 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 117 | $18,445,000 | $157,650 | $0 | 0.00% |
For 2023, Merchants & Farmers Bank & Trust Company's most frequently cited loan duration was Other, with 117 originations.
Loan Sizing
2023 saw Merchants & Farmers Bank & Trust Company place emphasis on $100,000 or less loans with 53 originations, totaling $3,215,000 in origination value.
Applicant Income
Merchants & Farmers Bank & Trust Company lent most frequently to those with incomes in the $150k-250k range, with 22 originations. The second most popular income band? $100k-150k, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 117 | $18,445,000 | $157,650 | $0 | 0.00% |
Merchants & Farmers Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 117 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.66%
Merchants & Farmers Bank & Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination88.89%
Merchants & Farmers Bank & Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 117 | $18,445,000 | $157,650 |