Farmers Bank And Trust Company Mortgage Rates, Fees & Info
Marion, KYLEI: 549300P8KQYPAVPZL931
Tax ID: 61-0189020
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Mortgage Data
Review & Overview
Farmers Bank And Trust Company is a smaller bank specializing in Home Purchase and Refi loans. Farmers Bank And Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Bowling Green, Central City, Evansville, Madisonville, and Owensboro among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)Farmers Bank And Trust Company 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
277Origination Dollar Volume (All Markets)
$45,895,000Top 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 |
|---|---|---|---|---|---|
| BOWLING GREEN, KY (FHA|USDA|VA) | 43 | $13,125,000 | $305,233 | $0 | 0.00% |
| Outside of Metro Areas | 89 | $12,505,000 | $140,506 | $0 | 0.00% |
| Central City, KY (FHA|USDA|VA) | 41 | $4,775,000 | $116,463 | $0 | 0.00% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 36 | $4,600,000 | $127,778 | $0 | 0.00% |
| Madisonville, KY (FHA|USDA|VA) | 21 | $2,845,000 | $135,476 | $0 | 0.00% |
| OWENSBORO, KY (FHA|USDA|VA) | 19 | $2,075,000 | $109,211 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 3 | $1,465,000 | $488,333 | $0 | 0.00% |
| Paducah, KY-IL (FHA|USDA|VA) | 10 | $710,000 | $71,000 | $0 | 0.00% |
| Boone, NC (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 0.00% |
| Glasgow, KY (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $0 | 0.00% |
| Mayfield, KY (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 0.00% |
| Frankfort, KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Somerset, KY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 277 | $45,895,000 | $165,686 | $0 | 0.00% |
For 2023, Farmers Bank And Trust Company's most frequently originated type of loan was Conventional, with 277 originations.
Loan Reason
For 2023, Farmers Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 170 originations. The 2nd most popular reason was Refi, with 70 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 277 | $45,895,000 | $165,686 | $0 | 0.00% |
For 2023, Farmers Bank And Trust Company's most frequently cited loan duration was Other, with 277 originations.
Loan Sizing
2023 saw Farmers Bank And Trust Company place emphasis on $100,000 or less loans with 131 originations, totaling $7,035,000 in origination value.
Applicant Income
Farmers Bank And Trust Company lent most frequently to those with incomes in the $100k-150k range, with 42 originations. The second most popular income band? $50k or less, with 42 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 277 | $45,895,000 | $165,686 | $0 | 0.00% |
Farmers Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 277 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.30%
Farmers Bank And Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination90.25%
Farmers Bank And Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 277 | $45,895,000 | $165,686 |