What loan types does Farmers State Bank offer?

Farmers State Bank offers the following mortgage loan types: Conventional. Each product has its own pricing score and performance metrics.

Where does Farmers State Bank offer mortgages?

Farmers State Bank offers mortgages in 2 states: CO, IA.

How competitive are Farmers State Bank's mortgage rates?

Farmers State Bank has an overall pricing score of 88/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Farmers State Bank?

Farmers State Bank is a Bank headquartered in Waterloo, IA.

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Farmers State Bank

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Farmers State Bank has 170 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Exceptional

5/5

vs. all lenders

Pull-through

Sound

3/5

closing strength

Product

Sound

3/5

Conventional

Place

Strong

4/5

Regional · 2 mkts

Promptness

Not enough data

—/5

No quote responses measured yet

Awards

Conventional

Superstar

Purchase

Superstar

Refinance

Superstar

Summary

What They Do Well

Offers rates 4.60 basis points below market average
Lower than average lender fees

Explore another lender or local market

Report Card

Farmers State Bank performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Exceptional

Rates 4.6 bps below market avg

5/5

Pull Through

Closing strength

Sound

Top 60% of lenders

3/5

By Loan Product· Specialization by type

Conventional

169 loans · 0.06% below market

Sound

Top 60% of lenders

3/5

By Loan Purpose· Transaction purpose mix

Purchase

135 loans · 0.05% below market

Sound

Top 60% of lenders

3/5

Refinance

35 loans · 0.01% below market

Sound

Top 60% of lenders

3/5

By Location· Geographic coverage

Geographic Reach

Regional · 3 markets

Strong

Top 40% of lenders

4/5

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Strong	Sound	Exceptional	Strong	169	99.4%	-0.057%Below	$899Fees

Conventional

Overall

Strong

Product

Sound

Pricing

Exceptional

Pull Through

Strong

Volume169

Mix99.4%

Spread

-0.057%Below

Fees

$899Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Strong	Sound	Exceptional	Strong	135	79.4%	-0.054%Below	$985Fees
Refinance	Strong	Sound	Strong	Strong	35	20.6%	-0.015%Below	$541Fees

Purchase

Overall

Strong

Product

Sound

Pricing

Exceptional

Pull Through

Strong

Volume135

Mix79.4%

Spread

-0.054%Below

Fees

$985Fees

Refinance

Overall

Strong

Product

Sound

Pricing

Strong

Pull Through

Strong

Volume35

Mix20.6%

Spread

-0.015%Below

Fees

$541Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

170

Applications

235

Volume

$47 million

Pricing & Closing

Avg Rate Spread

-0.046%

vs. market APOR

Avg Net Fees

$899

Origination − Credits

Pullthrough Rate

72.3%

Applications → Closed

Typical Borrower

Avg Loan Amount

$277,235

Avg Borrower Income

$136,065

Avg Property Value

$371,765

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Strong

4/5

States with Loan Originations

2Full-year 2024 · HMDA

Loans originated

All statesNone

Midwest1

West1

Top Metro Areas by Place Specialization Score

Waterloo, IAMetro

Volume 83Mix 48.82% of portfolio

75/100

Strong

Des Moines, IAMetro

Volume 48Mix 28.24% of portfolio

65/100

Strong

Top States by Place Specialization Score

IowaState

Volume 169Mix 99.41% of portfolio

74/100

Strong

How We Rank Lenders

Our rankings use an equal-weight average of scores across the 5 Ps — Pricing, Product, Pull-Through, and Place — with lender promptness blending in as the fifth once a lender has responded to real shopper quote requests.

Our Point System (Max 50 Points)

10/ 50 pts

Pricing

How competitively a lender prices vs. the market benchmark (20%).

10/ 50 pts

Product

Performance on your specific loan type (20%).

10/ 50 pts

Pull Through

How reliably a lender closes the loans it starts (20%).

10/ 50 pts

Place

Depth of a lender's expertise in your local market (20%).

10/ 50 pts

Promptness

How quickly a lender answers real quote requests — blended in once they respond (20%).

Champion(80%+ = 40-50 points)

Superstar(60-79% = 30-39 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.