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 and Cash Out Refi 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, Mount Vernon, Carbondale, Panama City, and Daphne among others. We have data for 7 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
89Origination Dollar Volume (All Markets)
$15,365,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 56 | $7,390,000 | $131,964 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 22 | $5,770,000 | $262,273 | $0 | 0.00% |
| Mount Vernon, IL (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $0 | 0.00% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 4 | $540,000 | $135,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| Centralia, IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 89 | $15,365,000 | $172,640 | $0 | 0.00% |
For 2022, The Farmers And Merchants National Bank Of Nashville's most frequently originated type of loan was Conventional, with 89 originations.
Loan Reason
For 2022, The Farmers And Merchants National Bank Of Nashville's most frequently cited loan purpose was Home Purchase, with 48 originations. The 2nd most popular reason was Cash Out Refi, with 22 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 89 | $15,365,000 | $172,640 | $0 | 0.00% |
For 2022, The Farmers And Merchants National Bank Of Nashville's most frequently cited loan duration was Other, with 89 originations.
Loan Sizing
2022 saw The Farmers And Merchants National Bank Of Nashville place emphasis on $100k-200k loans with 36 originations, totaling $5,080,000 in origination value.
Applicant Income
The Farmers And Merchants National Bank Of Nashville lent most frequently to those with incomes in the $100k-150k range, with 22 originations. The second most popular income band? $75k-100k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 89 | $15,365,000 | $172,640 | $0 | 0.00% |
The Farmers And Merchants National Bank Of Nashville lent most frequently to those with DTI ratios of Exempt%, with 89 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 76 | $11,870,000 | $156,184 | $0 | 0.00% |
| Not applicable | 13 | $3,495,000 | $268,846 | $0 | 0.00% |
Approval Rates
Total approvals of all applications92.23%
The Farmers And Merchants National Bank Of Nashville has an average approval rate.
Pick Rate
Approvals leading to origination93.26%
The Farmers And Merchants National Bank Of Nashville has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 89 | $15,365,000 | $172,640 |