The Farmers & Merchants State Bank mortgage approval rate & lending review
The Farmers & Merchants State Bank decided 509 mortgage applications and funded 420 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions The Farmers & Merchants State Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
The Farmers & Merchants State Bank at a glance
Approval is 5.9 points above the 77.8% 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 | 81% | 132 / 163 | 98% | $205K | 130 |
| Home improvement loans | 72% | 43 / 60 | 95% | $65K | 41 |
| Cash-out refinance | 81% | 94 / 116 | 98% | $115K | 92 |
| Investment property purchase | 96% | 96 / 100 | 100% | $115K | 96 |
The Farmers & Merchants State Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Ohio | 83% | $115K | 301 | 244 |
| Indiana | 92% | $125K | 130 | 119 |
| Michigan | 61% | $475K | 44 | 27 |
| Florida | 100% | $405K | 21 | 21 |
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 The Farmers & Merchants State Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Lucas County, OH | Mortgage lenders | 79% | 56 | 43 |
| Lucas County, OH | Cash-out refinance | 88% | 33 | 28 |
| Lucas County, OH | Investment property purchase | 96% | 24 | 23 |
| Wood County, OH | Cash-out refinance | 81% | 27 | 21 |
The county markets where The Farmers & Merchants State Bank made the most loans. Each link opens that market with every lender ranked.
Questions about The Farmers & Merchants State Bank
What is The Farmers & Merchants State Bank's mortgage approval rate?
The Farmers & Merchants State Bank approved 83.7% of the 509 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 5.9 points above the 77.8% national rate for the same mix of loan types.
How often do borrowers take the loan The Farmers & Merchants State Bank offers?
Borrowers accepted 99% of the loans The Farmers & Merchants State Bank 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 The Farmers & Merchants State Bank make?
The typical home purchase mortgage loan The Farmers & Merchants State Bank made was $205K; across all loan types its typical loan ran from $65K to $205K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does The Farmers & Merchants State Bank lend?
The Farmers & Merchants State Bank decided applications in 12 of the states Fat Boy Data covers, most of them in Ohio, Indiana and Michigan.
Can I apply to The Farmers & Merchants State Bank directly?
Yes. The Farmers & Merchants State Bank is a bank or credit union with 43 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show The Farmers & Merchants State Bank'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 The Farmers & Merchants State Bank treats applications, then get a rate quote from the lender.