Farmers And Merchants Bank Mortgage Rates, Fees & Info
Milford, NELEI: 549300NQ6JHMRWQ5IH65
Tax ID: 47-0369814
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Farmers And Merchants Bank is a smaller bank specializing in Refi and Home Purchase loans. Farmers And Merchants Bank has a high proportion of conventional loans. Their top markets by origination volume include: Lincoln, Topeka, Kearney, Lexington, and Omaha among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Farmers And Merchants Bank 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
26Origination Dollar Volume (All Markets)
$4,230,000Top 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 |
|---|---|---|---|---|---|
| LINCOLN, NE (FHA|USDA|VA) | 13 | $2,235,000 | $171,923 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $1,045,000 | $209,000 | $0 | 0.00% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| Kearney, NE (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $0 | 0.00% |
| Lexington, NE (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 3 | $105,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 26 | $4,230,000 | $162,692 | $0 | 0.00% |
For 2024, Farmers And Merchants Bank's most frequently originated type of loan was Conventional, with 26 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 13 | $1,575,000 | $121,154 | $0 | 0.00% |
| Home Purchase | 12 | $2,630,000 | $219,167 | $0 | 0.00% |
| Home Improvement | 1 | $25,000 | $25,000 | $0 | 0.00% |
For 2024, Farmers And Merchants Bank's most frequently cited loan purpose was Refi, with 13 originations. The 2nd most popular reason was Home Purchase, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 26 | $4,230,000 | $162,692 | $0 | 0.00% |
For 2024, Farmers And Merchants Bank's most frequently cited loan duration was Other, with 26 originations.
Loan Sizing
2024 saw Farmers And Merchants Bank place emphasis on $100,000 or less loans with 12 originations, totaling $660,000 in origination value.
Applicant Income
Farmers And Merchants Bank lent most frequently to those with incomes in the $50k or less range, with 6 originations. The second most popular income band? $100k-150k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 26 | $4,230,000 | $162,692 | $0 | 0.00% |
Farmers And Merchants Bank lent most frequently to those with DTI ratios of Exempt%, with 26 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.88%
Farmers And Merchants Bank has an average approval rate.
Pick Rate
Approvals leading to origination88.46%
Farmers And Merchants Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 26 | $4,230,000 | $162,692 |