Farmers And Merchants Union Bank Mortgage Rates, Fees & Info
Columbus, WILEI: 549300YHR41F57LS0R28
Tax ID: 39-0273630
Latest/2023 | 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 and Cash Out Refi loans. Farmers And Merchants Union Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Madison, Beaver Dam, Watertown, Milwaukee, and Fond Du Lac among others. We have data for 6 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 an above average pick rate when compared to similar lenders.
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Originations
102Origination Dollar Volume (All Markets)
$21,340,000Top 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) | 58 | $12,030,000 | $207,414 | $0 | 0.00% |
| Beaver Dam, WI (FHA|USDA|VA) | 25 | $4,885,000 | $195,400 | $0 | 0.00% |
| Outside of Metro Areas | 11 | $3,525,000 | $320,455 | $0 | 0.00% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 4 | $350,000 | $87,500 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 0.00% |
| FOND DU LAC, WI (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $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.
Similarity Rank: 90
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 101 | $21,165,000 | $209,554 | $0 | 0.00% |
| USDA | 1 | $175,000 | $175,000 | $0 | 0.00% |
For 2022, Farmers And Merchants Union Bank's most frequently originated type of loan was Conventional, with 101 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2022, Farmers And Merchants Union Bank's most frequently cited loan purpose was Home Purchase, with 50 originations. The 2nd most popular reason was Cash Out Refi, with 29 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 102 | $21,340,000 | $209,216 | $0 | 0.00% |
For 2022, Farmers And Merchants Union Bank's most frequently cited loan duration was Other, with 102 originations.
Loan Sizing
2022 saw Farmers And Merchants Union Bank place emphasis on $200k-400k loans with 45 originations, totaling $12,115,000 in origination value.
Applicant Income
Farmers And Merchants Union Bank lent most frequently to those with incomes in the $100k-150k range, with 21 originations. The second most popular income band? $50k-75k, with 21 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 102 | $21,340,000 | $209,216 | $0 | 0.00% |
Farmers And Merchants Union Bank lent most frequently to those with DTI ratios of Exempt%, with 102 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 96 | $20,210,000 | $210,521 | $0 | 0.00% |
| Not applicable | 6 | $1,130,000 | $188,333 | $0 | 0.00% |
Approval Rates
Total approvals of all applications94.21%
Farmers And Merchants Union Bank has an average approval rate.
Pick Rate
Approvals leading to origination90.20%
Farmers And Merchants Union Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 102 | $21,340,000 | $209,216 |