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 and Refi loans. Farmers And Merchants Bank Of Ashland has a high proportion of conventional loans. Their top two markets are Omaha and Lincoln .

    Farmers And Merchants Bank Of Ashland 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

    34

    Origination Dollar Volume (All Markets)

    $5,810,000

    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
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 29 $4,945,000 $170,517 $0 0.00%
    LINCOLN, NE (FHA|USDA|VA) 4 $690,000 $172,500 $0 0.00%
    Outside of Metro Areas 1 $175,000 $175,000 $0 0.00%
    Farmers And Merchants Bank Of Ashland's top markets include Omaha and Lincoln among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 34 $5,810,000 $170,882 $0 0.00%

    For 2018, Farmers And Merchants Bank Of Ashland's most frequently originated type of loan was Conventional, with 34 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 22 $3,990,000 $181,364 $0 0.00%
    Refi 10 $1,660,000 $166,000 $0 0.00%
    Home Improvement 2 $160,000 $80,000 $0 0.00%

    For 2018, Farmers And Merchants Bank Of Ashland's most frequently cited loan purpose was Home Purchase, with 22 originations. The 2nd most popular reason was Refi, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 34 $5,810,000 $170,882 $0 0.00%

    For 2018, Farmers And Merchants Bank Of Ashland's most frequently cited loan duration was Other, with 34 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 15 $2,225,000 $148,333 $0 0.00%
    $100,000 or less 11 $835,000 $75,909 $0 0.00%
    $200k-400k 6 $1,780,000 $296,667 $0 0.00%
    $400k-600k 2 $970,000 $485,000 $0 0.00%

    2018 saw Farmers And Merchants Bank Of Ashland place emphasis on $100k-200k loans with 15 originations, totaling $2,225,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 7 $1,775,000 $253,571 $0 0.00%
    $50k-75k 7 $1,035,000 $147,857 $0 0.00%
    $50k or less 6 $460,000 $76,667 $0 0.00%
    $75k-100k 6 $900,000 $150,000 $0 0.00%
    $150k-250k 2 $430,000 $215,000 $0 0.00%
    $250k+ 2 $650,000 $325,000 $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? $50k-75k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 34 $5,810,000 $170,882 $0 0.00%

    Farmers And Merchants Bank Of Ashland lent most frequently to those with DTI ratios of Exempt%, with 34 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 34 $5,810,000 $170,882 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.59%

    Farmers And Merchants Bank Of Ashland has an average approval rate.

    Pick Rate

    Approvals leading to origination
    97.06%

    Farmers And Merchants Bank Of Ashland has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 34 $5,810,000 $170,882

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $460,000 $230,000
    Single Family (1-4 Units):Site-Built 32 $5,350,000 $167,188