Farmers And Merchants Union Bank Mortgage Rates, Fees & Info

Columbus, WI

LEI: 549300YHR41F57LS0R28

Tax ID: 39-0273630

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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

102

Origination Dollar Volume (All Markets)

$21,340,000

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
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%
Farmers And Merchants Union Bank's top markets include Madison, Beaver Dam, Watertown, Milwaukee, and Fond Du Lac among others.

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

    Fox Valley Savings Bank
    Similarity Rank: 90
    Horicon Bank
    Similarity Rank: 196
    Landmark Credit Union
    Similarity Rank: 338
    Farmers & Merchants State Bank
    Similarity Rank: 338
    Bank of Sun Prairie
    Similarity Rank: 390
    Bank of Deerfield
    Similarity Rank: 403
    State Bank of Cross Plains
    Similarity Rank: 414
    Starion Bank
    Similarity Rank: 418
    The Park Bank
    Similarity Rank: 484
    Hometown Bank
    Similarity Rank: 544

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 50 $11,530,000 $230,600 $0 0.00%
    Cash Out Refi 29 $7,065,000 $243,621 $0 0.00%
    Other 8 $400,000 $50,000 $0 0.00%
    Refi 8 $1,570,000 $196,250 $0 0.00%
    Home Improvement 7 $775,000 $110,714 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 45 $12,115,000 $269,222 $0 0.00%
    $100k-200k 28 $3,930,000 $140,357 $0 0.00%
    $100,000 or less 21 $965,000 $45,952 $0 0.00%
    $400k-600k 6 $2,600,000 $433,333 $0 0.00%
    $600k-1MM 2 $1,730,000 $865,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 21 $4,855,000 $231,190 $0 0.00%
    $50k-75k 21 $3,255,000 $155,000 $0 0.00%
    $50k or less 18 $3,020,000 $167,778 $0 0.00%
    $75k-100k 17 $3,575,000 $210,294 $0 0.00%
    $150k-250k 13 $3,575,000 $275,000 $0 0.00%
    $250k+ 5 $1,705,000 $341,000 $0 0.00%

    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 applications
    94.21%

    Farmers And Merchants Union Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.20%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    102 $21,340,000 $209,216