The Farmers & Merchants State Bank closing costs and rates (2024)
In 2024, The Farmers & Merchants State Bank originated 243 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $2,899. That is $3,842 below the national median of $6,741. The Farmers & Merchants State Bank is most active in Ohio with 161 originations there.
Purchase Originations
243
Median Total Costs
$2,899
−57.0% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$920
Median Lender Credits
$300
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 243 | 6.625% | $2,899 | $920 |
Active states
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,172 | 6.000% | — | 2 | −$727 | |
| 2 | $2,372 | 6.625% | — | 6 | −$527 | |
| 3 | $2,459 | 7.500% | — | 5 | −$440 | |
| 4 | $2,468 | 6.375% | — | 4 | −$431 | |
| 5 | $2,522 | 6.750% | — | 6 | −$377 | |
| 6 | $2,682 | 6.750% | — | 7 | −$217 | |
| 7 | $2,731 | 6.750% | — | 26 | −$168 | |
| 8 | $2,755 | 6.375% | — | 23 | −$144 | |
| 9 | $2,831 | 7.500% | — | 3 | −$68 | |
| 10 | $2,835 | 6.625% | — | 9 | −$64 | |
| 11 | $2,951 | 6.625% | — | 11 | +$52 | |
| 12 | $2,968 | 6.500% | — | 49 | +$69 | |
| 13 | $2,978 | 6.500% | — | 34 | +$79 | |
| 14 | $3,148 | 7.062% | — | 2 | +$249 | |
| 15 | $3,167 | 7.438% | — | 2 | +$268 | |
| 16 | $3,189 | 6.500% | — | 12 | +$290 | |
| 17 | $3,329 | 7.125% | — | 13 | +$430 | |
| 18 | $3,691 | 7.688% | — | 4 | +$792 | |
| 19 | $4,479 | 7.438% | — | 2 | +$1,580 | |
| 20 | $4,621 | 7.250% | — | 4 | +$1,722 |
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.