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 Sioux City and Omaha .F&m Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
45Origination Dollar Volume (All Markets)
$4,785,000Top 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 |
|---|---|---|---|---|---|
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 20 | $2,260,000 | $113,000 | $0 | 0.00% |
| Outside of Metro Areas | 21 | $2,125,000 | $101,190 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 4 | $400,000 | $100,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 45 | $4,785,000 | $106,333 | $0 | 0.00% |
For 2018, F&m Bank's most frequently originated type of loan was Conventional, with 45 originations.
Loan Reason
For 2018, F&m Bank's most frequently cited loan purpose was Home Purchase, with 26 originations. The 2nd most popular reason was Refi, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 45 | $4,785,000 | $106,333 | $0 | 0.00% |
For 2018, F&m Bank's most frequently cited loan duration was Other, with 45 originations.
Loan Sizing
2018 saw F&m Bank place emphasis on $100,000 or less loans with 28 originations, totaling $1,300,000 in origination value.
Applicant Income
F&m Bank lent most frequently to those with incomes in the $50k or less range, with 12 originations. The second most popular income band? $50k-75k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 45 | $4,785,000 | $106,333 | $0 | 0.00% |
F&m Bank lent most frequently to those with DTI ratios of Exempt%, with 45 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 36 | $4,010,000 | $111,389 | $0 | 0.00% |
| Not applicable | 9 | $775,000 | $86,111 | $0 | 0.00% |
Approval Rates
Total approvals of all applications85.96%
F&m Bank has an average approval rate.
Pick Rate
Approvals leading to origination91.11%
F&m Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 45 | $4,785,000 | $106,333 |