Merchants & Farmers Bank & Trust Company Mortgage Rates, Fees & Info
Leesville, LALEI: 549300NG6J01HLGSZW49
Tax ID: 72-0258810
Latest/2023 | 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: Lake Charles, Fort Polk South, Deridder, New Orleans, and Lafayette 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 an average pick rate when compared to similar lenders.
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Originations
178Origination Dollar Volume (All Markets)
$32,100,000Top 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) | 73 | $16,635,000 | $227,877 | $0 | 0.00% |
| Fort Polk South, LA (FHA|USDA|VA) | 74 | $10,000,000 | $135,135 | $0 | 0.00% |
| DeRidder, LA (FHA|USDA|VA) | 18 | $2,540,000 | $141,111 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $1,180,000 | $196,667 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 178 | $32,100,000 | $180,337 | $0 | 0.00% |
For 2022, Merchants & Farmers Bank & Trust Company's most frequently originated type of loan was Conventional, with 178 originations.
Loan Reason
For 2022, Merchants & Farmers Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 100 originations. The 2nd most popular reason was Refi, with 65 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 178 | $32,100,000 | $180,337 | $0 | 0.00% |
For 2022, Merchants & Farmers Bank & Trust Company's most frequently cited loan duration was Other, with 178 originations.
Loan Sizing
2022 saw Merchants & Farmers Bank & Trust Company place emphasis on $100,000 or less loans with 70 originations, totaling $4,360,000 in origination value.
Applicant Income
Merchants & Farmers Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 35 originations. The second most popular income band? $75k-100k, with 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 178 | $32,100,000 | $180,337 | $0 | 0.00% |
Merchants & Farmers Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 178 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.94%
Merchants & Farmers Bank & Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination91.57%
Merchants & Farmers Bank & Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 178 | $32,100,000 | $180,337 |