Farmers & Merchants Bank Of Central California Mortgage Rates, Fees & Info

Lodi, CA

LEI: 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

184

Origination Dollar Volume (All Markets)

$62,240,000

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
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%
Farmers & Merchants Bank Of Central California's top markets include Modesto, Stockton, Bakersfield, San Francisco, and Merced among others.

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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 64 $7,020,000 $109,688 $0 0.00%
    Home Purchase 54 $41,800,000 $774,074 $0 0.00%
    Refi 36 $8,220,000 $228,333 $0 0.00%
    Other 30 $5,200,000 $173,333 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 73 $3,635,000 $49,795 $0 0.00%
    $100k-200k 35 $4,965,000 $141,857 $0 0.00%
    $200k-400k 35 $9,995,000 $285,571 $0 0.00%
    $400k-600k 21 $9,675,000 $460,714 $0 0.00%
    $600k-1MM 11 $8,165,000 $742,273 $0 0.00%
    $1MM+ 9 $25,805,000 $2,867,222 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 47 $8,775,000 $186,702 $0 0.00%
    $150k-250k 38 $8,790,000 $231,316 $0 0.00%
    $250k+ 36 $20,210,000 $561,389 $0 0.00%
    $50k-75k 23 $2,285,000 $99,348 $0 0.00%
    $75k-100k 19 $2,935,000 $154,474 $0 0.00%
    $50k or less 17 $1,285,000 $75,588 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 152 $38,630,000 $254,145 $0 0.00%
    Not applicable 3 $17,455,000 $5,818,333 $0 0.00%
    Asian 10 $3,550,000 $355,000 $0 0.00%
    Not provided 15 $1,875,000 $125,000 $0 0.00%
    Black 2 $420,000 $210,000 $0 0.00%
    American Indian 1 $225,000 $225,000 $0 0.00%
    Native Hawaiian or Islander 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    65.03%

    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 origination
    91.85%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    184 $62,240,000 $338,261