The Farmers And Merchants National Bank Of Nashville Mortgage Rates, Fees & Info
Nashville, ILLEI: 549300OA8B0OLDA16R42
Tax ID: 37-0269515
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Farmers And Merchants National Bank Of Nashville is a smaller bank specializing in Home Purchase loans. The Farmers And Merchants National Bank Of Nashville has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Cape Coral, Mount Vernon, and Centralia among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)The Farmers And Merchants National Bank Of Nashville has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
64Origination Dollar Volume (All Markets)
$12,770,000Top 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 |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 22 | $6,120,000 | $278,182 | $0 | 0.00% |
| Outside of Metro Areas | 38 | $5,380,000 | $141,579 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $0 | 0.00% |
| Mount Vernon, IL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 0.00% |
| Centralia, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 64 | $12,770,000 | $199,531 | $0 | 0.00% |
For 2023, The Farmers And Merchants National Bank Of Nashville's most frequently originated type of loan was Conventional, with 64 originations.
Loan Reason
For 2023, The Farmers And Merchants National Bank Of Nashville's most frequently cited loan purpose was Home Purchase, with 38 originations. The 2nd most popular reason was Cash Out Refi, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 64 | $12,770,000 | $199,531 | $0 | 0.00% |
For 2023, The Farmers And Merchants National Bank Of Nashville's most frequently cited loan duration was Other, with 64 originations.
Loan Sizing
2023 saw The Farmers And Merchants National Bank Of Nashville place emphasis on $100,000 or less loans with 30 originations, totaling $1,540,000 in origination value.
Applicant Income
The Farmers And Merchants National Bank Of Nashville lent most frequently to those with incomes in the $50k-75k range, with 13 originations. The second most popular income band? $100k-150k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 64 | $12,770,000 | $199,531 | $0 | 0.00% |
The Farmers And Merchants National Bank Of Nashville lent most frequently to those with DTI ratios of Exempt%, with 64 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.33%
The Farmers And Merchants National Bank Of Nashville has an average approval rate.
Pick Rate
Approvals leading to origination90.63%
The Farmers And Merchants National Bank Of Nashville has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 64 | $12,770,000 | $199,531 |