Farmers And Merchants Union Bank Mortgage Rates, Fees & Info
Columbus, WILEI: 549300YHR41F57LS0R28
Tax ID: 39-0273630
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Farmers And Merchants Union Bank is a smaller bank specializing in Home Purchase loans. Farmers And Merchants Union Bank has a high proportion of conventional loans. Their top markets by origination volume include: Madison, Beaver Dam, Fond Du Lac, Milwaukee, and Whitewater among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Farmers And Merchants Union Bank 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
43Origination Dollar Volume (All Markets)
$8,045,000Top 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 |
|---|---|---|---|---|---|
| MADISON, WI (FHA|USDA|VA) | 26 | $4,430,000 | $170,385 | $0 | 0.00% |
| Beaver Dam, WI (FHA|USDA|VA) | 6 | $1,190,000 | $198,333 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $1,175,000 | $235,000 | $0 | 0.00% |
| FOND DU LAC, WI (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Farmers and Merchants Union Bank 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 | 43 | $8,045,000 | $187,093 | $0 | 0.00% |
For 2024, Farmers And Merchants Union Bank's most frequently originated type of loan was Conventional, with 43 originations.
Loan Reason
For 2024, Farmers And Merchants Union Bank's most frequently cited loan purpose was Home Purchase, with 21 originations. The 2nd most popular reason was Cash Out Refi, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 43 | $8,045,000 | $187,093 | $0 | 0.00% |
For 2024, Farmers And Merchants Union Bank's most frequently cited loan duration was Other, with 43 originations.
Loan Sizing
2024 saw Farmers And Merchants Union Bank place emphasis on $100,000 or less loans with 16 originations, totaling $760,000 in origination value.
Applicant Income
Farmers And Merchants Union Bank lent most frequently to those with incomes in the $50k-75k range, with 11 originations. The second most popular income band? $150k-250k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 43 | $8,045,000 | $187,093 | $0 | 0.00% |
Farmers And Merchants Union Bank lent most frequently to those with DTI ratios of Exempt%, with 43 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 40 | $7,780,000 | $194,500 | $0 | 0.00% |
| Not applicable | 3 | $265,000 | $88,333 | $0 | 0.00% |
Approval Rates
Total approvals of all applications90.00%
Farmers And Merchants Union Bank has an average approval rate.
Pick Rate
Approvals leading to origination79.07%
Farmers And Merchants Union Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 43 | $8,045,000 | $187,093 |