F&m Bank Mortgage Rates, Fees & Info

WEST POINT, NE

LEI: 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 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

74

Origination Dollar Volume (All Markets)

$8,340,000

Top 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) 43 $4,865,000 $113,140 $0 0.00%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 22 $2,640,000 $120,000 $0 0.00%
Outside of Metro Areas 9 $835,000 $92,778 $0 0.00%
F&m Bank's top markets include Sioux City and Omaha among others.

Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 74 $8,340,000 $112,703 $0 0.00%

    For 2019, F&m Bank's most frequently originated type of loan was Conventional, with 74 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 50 $5,570,000 $111,400 $0 0.00%
    Refi 19 $2,505,000 $131,842 $0 0.00%
    Home Improvement 3 $175,000 $58,333 $0 0.00%
    Other 2 $90,000 $45,000 $0 0.00%

    For 2019, F&m Bank's most frequently cited loan purpose was Home Purchase, with 50 originations. The 2nd most popular reason was Refi, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 74 $8,340,000 $112,703 $0 0.00%

    For 2019, F&m Bank's most frequently cited loan duration was Other, with 74 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 44 $2,910,000 $66,136 $0 0.00%
    $100k-200k 22 $2,960,000 $134,545 $0 0.00%
    $200k-400k 6 $1,560,000 $260,000 $0 0.00%
    $400k-600k 2 $910,000 $455,000 $0 0.00%

    2019 saw F&m Bank place emphasis on $100,000 or less loans with 44 originations, totaling $2,910,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 15 $1,095,000 $73,000 $0 0.00%
    $75k-100k 7 $625,000 $89,286 $0 0.00%
    $50k-75k 6 $810,000 $135,000 $0 0.00%
    $100k-150k 5 $685,000 $137,000 $0 0.00%
    $250k+ 3 $455,000 $151,667 $0 0.00%
    $150k-250k 1 $105,000 $105,000 $0 0.00%

    F&m Bank lent most frequently to those with incomes in the $50k or less range, with 15 originations. The second most popular income band? $75k-100k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 74 $8,340,000 $112,703 $0 0.00%

    F&m Bank lent most frequently to those with DTI ratios of Exempt%, with 74 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 37 $4,565,000 $123,378 $0 0.00%
    White 37 $3,775,000 $102,027 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.55%

    F&m Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    86.49%

    F&m Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 74 $8,340,000 $112,703

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 13 $1,095,000 $84,231
    Single Family (1-4 Units):Manufactured 2 $280,000 $140,000
    Single Family (1-4 Units):Site-Built 59 $6,965,000 $118,051