Farmers State Bank (549300) mortgage approval rate & lending review
Farmers State Bank (549300) decided 470 mortgage applications and funded 362 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Farmers State Bank (549300) reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Farmers State Bank (549300) at a glance
Approval is 10.8 points above the 82.8% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 98% | 208 / 212 | 83% | $195K | 172 |
| Refinance | 81% | 97 / 120 | 72% | $165K | 70 |
| Investment property purchase | 100% | 96 / 96 | 91% | $125K | 87 |
Farmers State Bank (549300) lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Iowa | 94% | $165K | 464 | 357 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Farmers State Bank (549300) lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Linn County, IA | Mortgage lenders | 98% | 182 | 147 |
| Linn County, IA | Refinance | 82% | 109 | 66 |
| Linn County, IA | Investment property purchase | 100% | 67 | 59 |
| Johnson County, IA | Investment property purchase | 100% | 22 | 22 |
| Johnson County, IA | Mortgage lenders | 100% | 24 | 20 |
The county markets where Farmers State Bank (549300) made the most loans. Each link opens that market with every lender ranked.
Questions about Farmers State Bank (549300)
What is Farmers State Bank (549300)'s mortgage approval rate?
Farmers State Bank (549300) approved 93.6% of the 470 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 10.8 points above the 82.8% national rate for the same mix of loan types.
How often do borrowers take the loan Farmers State Bank (549300) offers?
Borrowers accepted 82% of the loans Farmers State Bank (549300) approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Farmers State Bank (549300) make?
The typical home purchase mortgage loan Farmers State Bank (549300) made was $195K; across all loan types its typical loan ran from $125K to $195K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Farmers State Bank (549300) lend?
Farmers State Bank (549300) decided applications in 4 of the states Fat Boy Data covers, most of them in Iowa, Florida and Arizona.
Can I apply to Farmers State Bank (549300) directly?
Yes. Farmers State Bank (549300) is a bank or credit union with 127 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Farmers State Bank (549300)'s interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Farmers State Bank (549300) treats applications, then get a rate quote from the lender.