The Farmers Bank closing costs and rates (2024)
In 2024, The Farmers Bank originated 100 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $3,677. That is $3,064 below the national median of $6,741. The Farmers Bank is most active in Tennessee with 93 originations there.
Purchase Originations
100
Median Total Costs
$3,677
−45.5% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$1,090
Median Lender Credits
$41
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 88 | 6.625% | $3,493 | $1,090 |
Active states
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $1,722 | 6.875% | — | 1 | −$1,955 | |
| 2 | $2,568 | 9.750% | — | 1 | −$1,109 | |
| 3 | $2,715 | 6.990% | — | 1 | −$962 | |
| 4 | $3,290 | 6.490% | — | 3 | −$387 | |
| 5 | $3,320 | 6.500% | — | 34 | −$357 | |
| 6 | $3,414 | 6.125% | — | 1 | −$263 | |
| 7 | $3,419 | 6.624% | — | 1 | −$258 | |
| 8 | $3,618 | 6.490% | — | 6 | −$59 | |
| 9 | $3,907 | 6.625% | — | 1 | +$230 | |
| 10 | $4,051 | 6.500% | — | 39 | +$374 | |
| 11 | $4,172 | 6.490% | — | 1 | +$495 | |
| 12 | $4,566 | 6.750% | — | 4 | +$889 | |
| 13 | $4,590 | 6.125% | — | 1 | +$913 | |
| 14 | $4,595 | 9.250% | — | 1 | +$918 | |
| 15 | $4,969 | 6.250% | — | 3 | +$1,292 | |
| 16 | $5,212 | 8.062% | — | 2 | +$1,535 |
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.