Independent Farmers Bank Mortgage Rates, Fees & Info

Maysville, MO

LEI: 894500L05PZK2V29V567

Tax ID: 44-0241245

Latest/2024 | 2023 Data | 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

    Independent Farmers Bank is a smaller bank specializing in Home Purchase loans. Independent Farmers Bank has a high proportion of conventional loans. Their top two markets are St. Joseph and Kansas City .

    Independent Farmers Bank has an 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

    40

    Origination Dollar Volume (All Markets)

    $6,720,000

    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
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 27 $3,995,000 $147,963 $0 0.00%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 7 $1,575,000 $225,000 $0 0.00%
    Outside of Metro Areas 6 $1,150,000 $191,667 $0 0.00%
    Independent Farmers Bank's top markets include St. Joseph and Kansas City among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 40 $6,720,000 $168,000 $0 0.00%

    For 2024, Independent Farmers Bank's most frequently originated type of loan was Conventional, with 40 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 18 $4,560,000 $253,333 $0 0.00%
    Refi 11 $1,095,000 $99,545 $0 0.00%
    Home Improvement 8 $460,000 $57,500 $0 0.00%
    Other 3 $605,000 $201,667 $0 0.00%

    For 2024, Independent Farmers Bank's most frequently cited loan purpose was Home Purchase, with 18 originations. The 2nd most popular reason was Refi, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 40 $6,720,000 $168,000 $0 0.00%

    For 2024, Independent Farmers Bank's most frequently cited loan duration was Other, with 40 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 16 $840,000 $52,500 $0 0.00%
    $100k-200k 13 $1,855,000 $142,692 $0 0.00%
    $200k-400k 7 $2,065,000 $295,000 $0 0.00%
    $400k-600k 3 $1,355,000 $451,667 $0 0.00%
    $600k-1MM 1 $605,000 $605,000 $0 0.00%

    2024 saw Independent Farmers Bank place emphasis on $100,000 or less loans with 16 originations, totaling $840,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 11 $2,515,000 $228,636 $0 0.00%
    $100k-150k 9 $1,715,000 $190,556 $0 0.00%
    $50k-75k 6 $770,000 $128,333 $0 0.00%
    $50k or less 5 $315,000 $63,000 $0 0.00%
    $75k-100k 5 $535,000 $107,000 $0 0.00%
    $250k+ 2 $530,000 $265,000 $0 0.00%

    Independent Farmers Bank lent most frequently to those with incomes in the $150k-250k range, with 11 originations. The second most popular income band? $100k-150k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 40 $6,720,000 $168,000 $0 0.00%

    Independent Farmers Bank lent most frequently to those with DTI ratios of Exempt%, with 40 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 38 $6,380,000 $167,895 $0 0.00%
    Not applicable 2 $340,000 $170,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.71%

    Independent Farmers Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    95.00%

    Independent Farmers Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 40 $6,720,000 $168,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    40 $6,720,000 $168,000