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 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
74Origination Dollar Volume (All Markets)
$8,340,000Top 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) | 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% |
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
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
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
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 applications96.55%
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 origination86.49%
F&m Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 74 | $8,340,000 | $112,703 |