The Farmers & Merchants Bank closing costs and rates (2024)
In 2024, The Farmers & Merchants Bank originated 111 purchase mortgages at a median interest rate of 7.05% and median total closing costs of $1,911. That is $4,830 below the national median of $6,741. The Farmers & Merchants Bank is most active in Arkansas with 110 originations there.
Purchase Originations
111
Median Total Costs
$1,911
−71.7% vs national ($6,741)
Median Rate
7.050%
+6.5% vs national (6.620%)
Median Origination
$825
Median Lender Credits
$36
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 111 | 7.050% | $1,911 | $825 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Arkansas | 110 | 7.050% | $1,897 | #59 |
| Mississippi | 1 | 6.625% | $4,187 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $1,326 | 6.625% | — | 1 | −$585 | |
| 2 | $1,414 | 7.008% | — | 26 | −$497 | |
| 3 | $1,616 | 7.188% | — | 18 | −$295 | |
| 4 | $1,686 | 9.750% | — | 1 | −$225 | |
| 5 | $1,704 | 7.037% | — | 2 | −$207 | |
| 6 | $1,869 | 6.625% | — | 1 | −$42 | |
| 7 | $1,881 | 6.625% | — | 1 | −$30 | |
| 8 | $1,933 | 9.000% | — | 12 | +$22 | |
| 9 | $1,937 | 6.625% | — | 1 | +$26 | |
| 10 | $1,987 | 9.000% | — | 1 | +$76 | |
| 11 | $2,016 | 9.000% | — | 1 | +$105 | |
| 12 | $2,088 | 6.825% | — | 4 | +$177 | |
| 13 | $2,273 | 8.250% | — | 1 | +$362 | |
| 14 | $2,292 | 8.162% | — | 16 | +$381 | |
| 15 | $2,338 | 9.125% | — | 4 | +$427 | |
| 16 | $2,899 | 7.050% | — | 11 | +$988 | |
| 17 | $3,341 | 7.050% | — | 1 | +$1,430 | |
| 18 | $4,187 | 6.625% | — | 1 | +$2,276 | |
| 19 | $5,089 | 6.625% | — | 7 | +$3,178 | |
| 20 | $6,670 | 7.050% | — | 1 | +$4,759 |
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.