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 loans. Farmers & Merchants Bank Of Central California has a high proportion of conventional loans. Their top markets by origination volume include: Modesto, Stockton, Bakersfield, San Francisco, and Merced 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 an average pick rate when compared to similar lenders.
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Originations
184Origination Dollar Volume (All Markets)
$62,240,000Top 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) | 76 | $17,160,000 | $225,789 | $0 | 0.00% |
| STOCKTON, CA (FHA|USDA|VA) | 51 | $12,365,000 | $242,451 | $0 | 0.00% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $12,075,000 | $12,075,000 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 9 | $6,175,000 | $686,111 | $0 | 0.00% |
| MERCED, CA (FHA|USDA|VA) | 14 | $5,050,000 | $360,714 | $0 | 0.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 19 | $4,495,000 | $236,579 | $0 | 0.00% |
| Sonora, CA (FHA|USDA|VA) | 3 | $1,405,000 | $468,333 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $1,295,000 | $431,667 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| CHICO, CA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 0.00% |
| REDDING, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| VALLEJO, CA (FHA|USDA|VA) | 3 | $175,000 | $58,333 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 184 | $62,240,000 | $338,261 | $0 | 0.00% |
For 2023, Farmers & Merchants Bank Of Central California's most frequently originated type of loan was Conventional, with 184 originations.
Loan Reason
For 2023, Farmers & Merchants Bank Of Central California's most frequently cited loan purpose was Home Improvement, with 64 originations. The 2nd most popular reason was Home Purchase, with 54 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 184 | $62,240,000 | $338,261 | $0 | 0.00% |
For 2023, Farmers & Merchants Bank Of Central California's most frequently cited loan duration was Other, with 184 originations.
Loan Sizing
2023 saw Farmers & Merchants Bank Of Central California place emphasis on $100,000 or less loans with 73 originations, totaling $3,635,000 in origination value.
Applicant Income
Farmers & Merchants Bank Of Central California lent most frequently to those with incomes in the $100k-150k range, with 47 originations. The second most popular income band? $150k-250k, with 38 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 184 | $62,240,000 | $338,261 | $0 | 0.00% |
Farmers & Merchants Bank Of Central California lent most frequently to those with DTI ratios of Exempt%, with 184 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications65.03%
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 origination91.85%
Farmers & Merchants Bank Of Central California has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 184 | $62,240,000 | $338,261 |