Lender profile · HMDA 2023–2025
The Farmers & Merchants Bank mortgage approval rates & lending data
The Farmers & Merchants Bank decided 291 mortgage applications and funded 247 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 90% | 70 / 78 | 94% | $285K | 66 |
| Refinance | 82% | 50 / 61 | 92% | $175K | 46 |
| Investment property purchase | 100% | 90 / 90 | 96% | $255K | 86 |
| Investment refinance | 95% | 35 / 37 | 97% | $225K | 34 |
The Farmers & Merchants Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Arkansas | 91% | $255K | 286 | 242 |
| Tennessee | 100% | $345K | 3 | 3 |
| Mississippi | 100% | $365K | 1 | 1 |
| North Carolina | 100% | $455K | 1 | 1 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.