Farmers State Bank closing costs and rates (2024)
In 2024, Farmers State Bank originated 139 purchase mortgages at a median interest rate of 6.38% and median total closing costs of $2,198. That is $4,543 below the national median of $6,741. Farmers State Bank is most active in Iowa with 139 originations there.
Purchase Originations
139
Median Total Costs
$2,198
−67.4% vs national ($6,741)
Median Rate
6.375%
−3.7% vs national (6.620%)
Median Origination
$1,050
Median Lender Credits
$50
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 139 | 6.375% | $2,198 | $1,050 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Iowa | 139 | 6.375% | $2,198 | #48 |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $1,790 | 6.250% | — | 1 | −$408 | |
| 2 | $1,928 | 6.062% | — | 2 | −$270 | |
| 3 | $2,152 | 6.500% | — | 18 | −$46 | |
| 4 | $2,153 | 7.375% | — | 5 | −$45 | |
| 5 | $2,153 | 6.562% | — | 4 | −$45 | |
| 6 | $2,176 | 6.500% | — | 3 | −$22 | |
| 7 | $2,178 | 6.375% | — | 1 | −$20 | |
| 8 | $2,198 | 6.375% | — | 49 | +$0 | |
| 9 | $2,219 | 6.375% | — | 17 | +$21 | |
| 10 | $2,228 | 6.375% | — | 18 | +$30 | |
| 11 | $2,230 | 6.375% | — | 9 | +$32 | |
| 12 | $2,251 | 6.125% | — | 1 | +$53 | |
| 13 | $2,276 | 6.375% | — | 3 | +$78 | |
| 14 | $2,293 | 6.375% | — | 3 | +$95 | |
| 15 | $2,301 | 6.500% | — | 1 | +$103 | |
| 16 | $2,501 | 6.625% | — | 1 | +$303 | |
| 17 | $2,504 | 7.125% | — | 1 | +$306 | |
| 18 | $2,647 | 6.375% | — | 1 | +$449 | |
| 19 | $2,693 | 6.750% | — | 1 | +$495 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.