The Farmers Bank Frankfort Indiana Mortgage Rates, Fees & Info
Frankfort, INLEI: 549300VIKSC6B00SLF36
Tax ID: 35-0302320
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Farmers Bank Frankfort Indiana is a smaller bank specializing in Home Purchase loans. The Farmers Bank Frankfort Indiana has a high proportion of conventional loans. Their top markets by origination volume include: Indianapolis, Frankfort, Warsaw, Lafayette, and New Philadelphia among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)The Farmers Bank Frankfort Indiana has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
370Origination Dollar Volume (All Markets)
$54,680,000Top 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 |
|---|---|---|---|---|---|
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 173 | $24,925,000 | $144,075 | $0 | 0.00% |
| Frankfort, IN (FHA|USDA|VA) | 152 | $17,890,000 | $117,697 | $0 | 0.00% |
| Warsaw, IN (FHA|USDA|VA) | 2 | $3,080,000 | $1,540,000 | $0 | 0.00% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 15 | $2,805,000 | $187,000 | $0 | 0.00% |
| Outside of Metro Areas | 10 | $1,550,000 | $155,000 | $0 | 0.00% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 1 | $1,345,000 | $1,345,000 | $0 | 0.00% |
| KOKOMO, IN (FHA|USDA|VA) | 9 | $905,000 | $100,556 | $0 | 0.00% |
| Peru, IN (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| Crawfordsville, IN (FHA|USDA|VA) | 4 | $310,000 | $77,500 | $0 | 0.00% |
| Shawano, WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against The Farmers Bank Frankfort Indiana based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 370 | $54,680,000 | $147,784 | $0 | 0.00% |
For 2024, The Farmers Bank Frankfort Indiana's most frequently originated type of loan was Conventional, with 370 originations.
Loan Reason
For 2024, The Farmers Bank Frankfort Indiana's most frequently cited loan purpose was Home Purchase, with 141 originations. The 2nd most popular reason was Home Improvement, with 93 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 370 | $54,680,000 | $147,784 | $0 | 0.00% |
For 2024, The Farmers Bank Frankfort Indiana's most frequently cited loan duration was Other, with 370 originations.
Loan Sizing
2024 saw The Farmers Bank Frankfort Indiana place emphasis on $100,000 or less loans with 190 originations, totaling $10,050,000 in origination value.
Applicant Income
The Farmers Bank Frankfort Indiana lent most frequently to those with incomes in the $100k-150k range, with 89 originations. The second most popular income band? $50k-75k, with 74 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 370 | $54,680,000 | $147,784 | $0 | 0.00% |
The Farmers Bank Frankfort Indiana lent most frequently to those with DTI ratios of Exempt%, with 370 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.13%
The Farmers Bank Frankfort Indiana has an average approval rate.
Pick Rate
Approvals leading to origination92.43%
The Farmers Bank Frankfort Indiana has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 370 | $54,680,000 | $147,784 |