Farmers State Bank Of Alto Pass Mortgage Rates, Fees & Info
Harrisburg, ILLEI: 549300XOWUPV4E45EE89
Tax ID: 37-0269850
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Farmers State Bank Of Alto Pass is a smaller bank specializing in Home Purchase loans. Farmers State Bank Of Alto Pass has a high proportion of conventional loans. Their top markets by origination volume include: Carbondale, Minneapolis, St. Louis, Birmingham, and Clarksville among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Farmers State Bank Of Alto Pass 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
153Origination Dollar Volume (All Markets)
$21,105,000Top 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 |
|---|---|---|---|---|---|
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 96 | $13,560,000 | $141,250 | $0 | 0.00% |
| Outside of Metro Areas | 50 | $5,830,000 | $116,600 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 153 | $21,105,000 | $137,941 | $0 | 0.00% |
For 2024, Farmers State Bank Of Alto Pass's most frequently originated type of loan was Conventional, with 153 originations.
Loan Reason
For 2024, Farmers State Bank Of Alto Pass's most frequently cited loan purpose was Home Purchase, with 83 originations. The 2nd most popular reason was Refi, with 30 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 153 | $21,105,000 | $137,941 | $0 | 0.00% |
For 2024, Farmers State Bank Of Alto Pass's most frequently cited loan duration was Other, with 153 originations.
Loan Sizing
2024 saw Farmers State Bank Of Alto Pass place emphasis on $100,000 or less loans with 75 originations, totaling $4,435,000 in origination value.
Applicant Income
Farmers State Bank Of Alto Pass lent most frequently to those with incomes in the $100k-150k range, with 34 originations. The second most popular income band? $75k-100k, with 33 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 153 | $21,105,000 | $137,941 | $0 | 0.00% |
Farmers State Bank Of Alto Pass lent most frequently to those with DTI ratios of Exempt%, with 153 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 130 | $17,090,000 | $131,462 | $0 | 0.00% |
| Not applicable | 23 | $4,015,000 | $174,565 | $0 | 0.00% |
Approval Rates
Total approvals of all applications95.53%
Farmers State Bank Of Alto Pass has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination88.24%
Farmers State Bank Of Alto Pass has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 153 | $21,105,000 | $137,941 |