Farmers And Merchants Bank Of Ashland Mortgage Rates, Fees & Info

Ashland, NE

LEI: 549300XRWSRSRH3E3804

Tax ID: 47-0157140

Latest/2023 | 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

    Farmers And Merchants Bank Of Ashland is a smaller bank specializing in Home Purchase loans. Farmers And Merchants Bank Of Ashland has a high proportion of conventional loans. Their top markets by origination volume include: Lincoln, Omaha, and Fremont among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Farmers And Merchants Bank Of Ashland 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

    33

    Origination Dollar Volume (All Markets)

    $7,925,000

    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
    LINCOLN, NE (FHA|USDA|VA) 18 $4,630,000 $257,222 $0 0.00%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 12 $2,460,000 $205,000 $0 0.00%
    Outside of Metro Areas 2 $490,000 $245,000 $0 0.00%
    Fremont, NE (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
    Farmers And Merchants Bank Of Ashland's top markets include Lincoln, Omaha, and Fremont among others.

    Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 33 $7,925,000 $240,152 $0 0.00%

    For 2023, Farmers And Merchants Bank Of Ashland's most frequently originated type of loan was Conventional, with 33 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 24 $6,550,000 $272,917 $0 0.00%
    Refi 7 $1,125,000 $160,714 $0 0.00%
    Other 1 $155,000 $155,000 $0 0.00%
    Cash Out Refi 1 $95,000 $95,000 $0 0.00%

    For 2023, Farmers And Merchants Bank Of Ashland's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Refi, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 33 $7,925,000 $240,152 $0 0.00%

    For 2023, Farmers And Merchants Bank Of Ashland's most frequently cited loan duration was Other, with 33 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 14 $2,260,000 $161,429 $0 0.00%
    $200k-400k 12 $3,400,000 $283,333 $0 0.00%
    $100,000 or less 4 $320,000 $80,000 $0 0.00%
    $400k-600k 2 $850,000 $425,000 $0 0.00%
    $1MM+ 1 $1,095,000 $1,095,000 $0 0.00%

    2023 saw Farmers And Merchants Bank Of Ashland place emphasis on $100k-200k loans with 14 originations, totaling $2,260,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 7 $1,675,000 $239,286 $0 0.00%
    $75k-100k 5 $1,045,000 $209,000 $0 0.00%
    $150k-250k 4 $1,210,000 $302,500 $0 0.00%
    $250k+ 4 $900,000 $225,000 $0 0.00%
    $50k-75k 2 $280,000 $140,000 $0 0.00%
    $50k or less 2 $200,000 $100,000 $0 0.00%

    Farmers And Merchants Bank Of Ashland lent most frequently to those with incomes in the $100k-150k range, with 7 originations. The second most popular income band? $75k-100k, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 33 $7,925,000 $240,152 $0 0.00%

    Farmers And Merchants Bank Of Ashland lent most frequently to those with DTI ratios of Exempt%, with 33 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 23 $5,125,000 $222,826 $0 0.00%
    Not applicable 9 $2,615,000 $290,556 $0 0.00%
    Vietnamese 1 $185,000 $185,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.67%

    Farmers And Merchants Bank Of Ashland 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
    72.73%

    Farmers And Merchants Bank Of Ashland has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 33 $7,925,000 $240,152

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    33 $7,925,000 $240,152