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, Clarksville, Madisonville, and Evansville among others. We have data for 17 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
423Origination Dollar Volume (All Markets)
$83,115,000Top 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) | 77 | $24,775,000 | $321,753 | $0 | 0.00% |
| Central City, KY (FHA|USDA|VA) | 98 | $13,540,000 | $138,163 | $0 | 0.00% |
| Outside of Metro Areas | 102 | $13,270,000 | $130,098 | $0 | 0.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 5 | $7,555,000 | $1,511,000 | $0 | 0.00% |
| Madisonville, KY (FHA|USDA|VA) | 36 | $7,170,000 | $199,167 | $0 | 0.00% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 52 | $6,840,000 | $131,538 | $0 | 0.00% |
| Paducah, KY-IL (FHA|USDA|VA) | 21 | $1,635,000 | $77,857 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 4 | $1,630,000 | $407,500 | $0 | 0.00% |
| Frankfort, KY (FHA|USDA|VA) | 2 | $1,420,000 | $710,000 | $0 | 0.00% |
| Glasgow, KY (FHA|USDA|VA) | 7 | $1,205,000 | $172,143 | $0 | 0.00% |
| OWENSBORO, KY (FHA|USDA|VA) | 11 | $1,165,000 | $105,909 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $1,150,000 | $575,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Murray, KY (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 423 | $83,115,000 | $196,489 | $0 | 0.00% |
For 2022, Farmers Bank And Trust Company's most frequently originated type of loan was Conventional, with 423 originations.
Loan Reason
For 2022, Farmers Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 231 originations. The 2nd most popular reason was Refi, with 153 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 423 | $83,115,000 | $196,489 | $0 | 0.00% |
For 2022, Farmers Bank And Trust Company's most frequently cited loan duration was Other, with 423 originations.
Loan Sizing
2022 saw Farmers Bank And Trust Company place emphasis on $100,000 or less loans with 196 originations, totaling $11,020,000 in origination value.
Applicant Income
Farmers Bank And Trust Company lent most frequently to those with incomes in the $50k-75k range, with 68 originations. The second most popular income band? $50k or less, with 67 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 423 | $83,115,000 | $196,489 | $0 | 0.00% |
Farmers Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 423 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.13%
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 origination95.98%
Farmers Bank And Trust Company has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 423 | $83,115,000 | $196,489 |