Farmers And Drovers Bank Mortgage Rates, Fees & Info
Council Grove, KSLEI: 549300VFIO7B8IHC0H05
Tax ID: 48-0214960
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Farmers And Drovers Bank is a smaller bank specializing in Home Purchase loans. Farmers And Drovers Bank has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, Topeka, Emporia, and Wichita among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Farmers And Drovers 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
60Origination Dollar Volume (All Markets)
$9,170,000Top 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 | 50 | $7,860,000 | $157,200 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 0.00% |
| TOPEKA, KS (FHA|USDA|VA) | 4 | $340,000 | $85,000 | $0 | 0.00% |
| Emporia, KS (FHA|USDA|VA) | 4 | $260,000 | $65,000 | $0 | 0.00% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 60 | $9,170,000 | $152,833 | $0 | 0.00% |
For 2022, Farmers And Drovers Bank's most frequently originated type of loan was Conventional, with 60 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 42 | $6,890,000 | $164,048 | $0 | 0.00% |
| Refi | 15 | $1,695,000 | $113,000 | $0 | 0.00% |
| Other | 3 | $585,000 | $195,000 | $0 | 0.00% |
For 2022, Farmers And Drovers Bank's most frequently cited loan purpose was Home Purchase, with 42 originations. The 2nd most popular reason was Refi, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 60 | $9,170,000 | $152,833 | $0 | 0.00% |
For 2022, Farmers And Drovers Bank's most frequently cited loan duration was Other, with 60 originations.
Loan Sizing
2022 saw Farmers And Drovers Bank place emphasis on $100,000 or less loans with 31 originations, totaling $1,905,000 in origination value.
Applicant Income
Farmers And Drovers Bank lent most frequently to those with incomes in the $50k or less range, with 17 originations. The second most popular income band? $50k-75k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 60 | $9,170,000 | $152,833 | $0 | 0.00% |
Farmers And Drovers Bank lent most frequently to those with DTI ratios of Exempt%, with 60 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.75%
Farmers And Drovers Bank has an average approval rate.
Pick Rate
Approvals leading to origination75.00%
Farmers And Drovers Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 60 | $9,170,000 | $152,833 |