Farmers & Merchants Bank Of Central California Mortgage Rates, Fees & Info
Lodi, CALEI: OZ7MS5KHJY6WIPGXQW23
Tax ID: 94-0467440
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Mortgage Data
Review & Overview
Farmers & Merchants Bank Of Central California is a smaller bank specializing in Home Purchase and Refi loans. Farmers & Merchants Bank Of Central California has a high proportion of conventional loans. Their top markets by origination volume include: Modesto, Stockton, Salinas, Sacramento, and San Diego among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Farmers & Merchants Bank Of Central California has a below 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
133Origination Dollar Volume (All Markets)
$37,835,000Top 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 |
|---|---|---|---|---|---|
| MODESTO, CA (FHA|USDA|VA) | 59 | $14,035,000 | $237,881 | $0 | 0.00% |
| STOCKTON, CA (FHA|USDA|VA) | 40 | $10,720,000 | $268,000 | $0 | 0.00% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $4,185,000 | $4,185,000 | $0 | 0.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 13 | $3,585,000 | $275,769 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $1,235,000 | $1,235,000 | $0 | 0.00% |
| MERCED, CA (FHA|USDA|VA) | 5 | $905,000 | $181,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $735,000 | $245,000 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $0 | 0.00% |
| NAPA, CA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 0.00% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 0.00% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 133 | $37,835,000 | $284,474 | $0 | 0.00% |
For 2024, Farmers & Merchants Bank Of Central California's most frequently originated type of loan was Conventional, with 133 originations.
Loan Reason
For 2024, Farmers & Merchants Bank Of Central California's most frequently cited loan purpose was Home Purchase, with 37 originations. The 2nd most popular reason was Home Improvement, with 37 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 133 | $37,835,000 | $284,474 | $0 | 0.00% |
For 2024, Farmers & Merchants Bank Of Central California's most frequently cited loan duration was Other, with 133 originations.
Loan Sizing
2024 saw Farmers & Merchants Bank Of Central California place emphasis on $100,000 or less loans with 49 originations, totaling $2,455,000 in origination value.
Applicant Income
Farmers & Merchants Bank Of Central California lent most frequently to those with incomes in the $150k-250k range, with 33 originations. The second most popular income band? $100k-150k, with 30 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 133 | $37,835,000 | $284,474 | $0 | 0.00% |
Farmers & Merchants Bank Of Central California lent most frequently to those with DTI ratios of Exempt%, with 133 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications62.82%
Farmers & Merchants Bank Of Central California has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination89.47%
Farmers & Merchants Bank Of Central California has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 133 | $37,835,000 | $284,474 |