F&m Bank Mortgage Rates, Fees & Info

Washington, GA

LEI: 549300XP5418ENGZVD49

Tax ID: 58-0553953

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    F&m Bank is a smaller bank specializing in Refi and Home Purchase loans. F&m Bank has a high proportion of conventional loans. Their top markets by origination volume include: Augusta, Athens, Columbia, Atlanta, and Milledgeville among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    F&m Bank 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.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    100

    Origination Dollar Volume (All Markets)

    $17,530,000

    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
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 52 $11,400,000 $219,231 $0 0.00%
    Outside of Metro Areas 37 $4,185,000 $113,108 $0 0.00%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 5 $795,000 $159,000 $0 0.00%
    COLUMBIA, SC (FHA|USDA|VA) 3 $715,000 $238,333 $0 0.00%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $240,000 $120,000 $0 0.00%
    Milledgeville, GA (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    F&m Bank's top markets include Augusta, Athens, Columbia, Atlanta, and Milledgeville among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 100 $17,530,000 $175,300 $0 0.00%

    For 2024, F&m Bank's most frequently originated type of loan was Conventional, with 100 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 55 $7,015,000 $127,545 $0 0.00%
    Home Purchase 41 $9,995,000 $243,780 $0 0.00%
    Home Improvement 3 $465,000 $155,000 $0 0.00%
    Other 1 $55,000 $55,000 $0 0.00%

    For 2024, F&m Bank's most frequently cited loan purpose was Refi, with 55 originations. The 2nd most popular reason was Home Purchase, with 41 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 100 $17,530,000 $175,300 $0 0.00%

    For 2024, F&m Bank's most frequently cited loan duration was Other, with 100 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 44 $2,480,000 $56,364 $0 0.00%
    $100k-200k 26 $3,870,000 $148,846 $0 0.00%
    $200k-400k 19 $5,225,000 $275,000 $0 0.00%
    $400k-600k 7 $3,115,000 $445,000 $0 0.00%
    $600k-1MM 4 $2,840,000 $710,000 $0 0.00%

    2024 saw F&m Bank place emphasis on $100,000 or less loans with 44 originations, totaling $2,480,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 18 $1,550,000 $86,111 $0 0.00%
    $150k-250k 15 $3,755,000 $250,333 $0 0.00%
    $100k-150k 14 $2,130,000 $152,143 $0 0.00%
    $75k-100k 14 $1,980,000 $141,429 $0 0.00%
    $250k+ 9 $3,245,000 $360,556 $0 0.00%
    $50k or less 7 $285,000 $40,714 $0 0.00%

    F&m Bank lent most frequently to those with incomes in the $50k-75k range, with 18 originations. The second most popular income band? $150k-250k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 100 $17,530,000 $175,300 $0 0.00%

    F&m Bank lent most frequently to those with DTI ratios of Exempt%, with 100 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 68 $12,330,000 $181,324 $0 0.00%
    Not applicable 20 $3,970,000 $198,500 $0 0.00%
    Black 10 $920,000 $92,000 $0 0.00%
    Not provided 1 $185,000 $185,000 $0 0.00%
    Other Pacific Islander 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.32%

    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
    91.00%

    F&m Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 100 $17,530,000 $175,300

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    100 $17,530,000 $175,300