Independent Farmers Bank Mortgage Rates, Fees & Info

Maysville, MO

LEI: 894500L05PZK2V29V567

Tax ID: 44-0241245

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

    Independent Farmers Bank is a smaller bank specializing in Refi and Home Purchase loans. Independent Farmers Bank has a high proportion of conventional loans. Their top markets by origination volume include: St. Joseph, Dallas, and Kansas City among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    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.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    20

    Origination Dollar Volume (All Markets)

    $2,560,000

    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) 15 $1,855,000 $123,667 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $465,000 $465,000 $0 0.00%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $205,000 $68,333 $0 0.00%
    Outside of Metro Areas 1 $35,000 $35,000 $0 0.00%
    Independent Farmers Bank's top markets include St. Joseph, Dallas, 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 20 $2,560,000 $128,000 $0 0.00%

    For 2019, Independent Farmers Bank's most frequently originated type of loan was Conventional, with 20 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 8 $1,010,000 $126,250 $0 0.00%
    Home Purchase 7 $1,155,000 $165,000 $0 0.00%
    Home Improvement 3 $285,000 $95,000 $0 0.00%
    Other 2 $110,000 $55,000 $0 0.00%

    For 2019, Independent Farmers Bank's most frequently cited loan purpose was Refi, with 8 originations. The 2nd most popular reason was Home Purchase, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 20 $2,560,000 $128,000 $0 0.00%

    For 2019, Independent Farmers Bank's most frequently cited loan duration was Other, with 20 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 12 $600,000 $50,000 $0 0.00%
    $200k-400k 4 $1,040,000 $260,000 $0 0.00%
    $100k-200k 3 $455,000 $151,667 $0 0.00%
    $400k-600k 1 $465,000 $465,000 $0 0.00%

    2019 saw Independent Farmers Bank place emphasis on $100,000 or less loans with 12 originations, totaling $600,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 8 $1,130,000 $141,250 $0 0.00%
    $50k-75k 7 $505,000 $72,143 $0 0.00%
    $150k-250k 2 $500,000 $250,000 $0 0.00%
    $75k-100k 2 $140,000 $70,000 $0 0.00%
    $50k or less 1 $285,000 $285,000 $0 0.00%

    Independent Farmers Bank lent most frequently to those with incomes in the $100k-150k range, with 8 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% 20 $2,560,000 $128,000 $0 0.00%

    Independent Farmers Bank lent most frequently to those with DTI ratios of Exempt%, with 20 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 20 $2,560,000 $128,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.00%

    Independent Farmers Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.00%

    Independent Farmers Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 20 $2,560,000 $128,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $130,000 $65,000
    Single Family (1-4 Units):Site-Built 18 $2,430,000 $135,000