F&m Bank Mortgage Rates, Fees & Info
WEST POINT, NELEI: 549300THLH8NJUNMGF13
Tax ID: 47-0157145
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Mortgage Data
Review & Overview
F&m Bank is a smaller bank specializing in Home Purchase and Refi loans. F&m Bank has a high proportion of conventional loans. Their top two markets are Omaha and Sioux City .F&m Bank has an above 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
29Origination Dollar Volume (All Markets)
$4,285,000Top 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 | 13 | $1,645,000 | $126,538 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 6 | $1,610,000 | $268,333 | $0 | 0.00% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 10 | $1,030,000 | $103,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 29 | $4,285,000 | $147,759 | $0 | 0.00% |
For 2024, F&m Bank's most frequently originated type of loan was Conventional, with 29 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 15 | $2,455,000 | $163,667 | $0 | 0.00% |
| Refi | 11 | $1,495,000 | $135,909 | $0 | 0.00% |
| Home Improvement | 3 | $335,000 | $111,667 | $0 | 0.00% |
For 2024, F&m Bank's most frequently cited loan purpose was Home Purchase, with 15 originations. The 2nd most popular reason was Refi, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 29 | $4,285,000 | $147,759 | $0 | 0.00% |
For 2024, F&m Bank's most frequently cited loan duration was Other, with 29 originations.
Loan Sizing
2024 saw F&m Bank place emphasis on $100,000 or less loans with 12 originations, totaling $870,000 in origination value.
Applicant Income
F&m Bank lent most frequently to those with incomes in the $75k-100k range, with 8 originations. The second most popular income band? $50k-75k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 29 | $4,285,000 | $147,759 | $0 | 0.00% |
F&m Bank lent most frequently to those with DTI ratios of Exempt%, with 29 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 23 | $3,355,000 | $145,870 | $0 | 0.00% |
| Not applicable | 6 | $930,000 | $155,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications94.12%
F&m Bank has an average approval rate.
Pick Rate
Approvals leading to origination89.66%
F&m Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 29 | $4,285,000 | $147,759 |