Mortgage lender · Greenwood, AR · LEI 5493003L2LYA333BZY52

Farmers Bank review: approval odds, rates and grade (2025)

Farmers Bank earns a C, in line with the typical performance of small mortgage lenders. It turned down 17.3% of the applications it decided on in 2025, which ranks in the 25th percentile for approval odds. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

134Applications2025
78.4%Originatedof applications
17.3%Decision denial ratenational 22.6%
Median ratenational 6.63%
$20MLoan volume3 states

Farmers Bank at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

16.4%Denial rate (all applications)-1.56 pts vs national
17.3%Denial rate (decided applications)-5.27 pts vs national
78.4%Origination rate+20.33 pts vs national
5.2%Withdrawn by applicant
0.0%Closed for incompleteness
Median interest rate
Median rate spread (pts over APOR)
$125,000Median loan amount
Median total loan costs
$86kMedian applicant income
Median loan-to-value
0High-cost (HOEPA) loans

How the C grade breaks down

Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.

Approval oddsdecision denial rate, weight 45%

25th17.3% denied

Processwithdrawn + incomplete share, weight 15%

78th5.2%

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20231147725.4%27.4%$12M
2024976625.8%27.5%$8.7M
202513410516.4%17.3%$20M

What Farmers Bank lends

Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.

By loan purpose

Home purchase 65 49% · 18.5% denied
Refinance 34 25% · 2.9% denied
Home improvement 14 10% · 14.3% denied
Other / HELOC 21 16% · 33.3% denied

By loan type

Conventional 134 100% · 16.4% denied

Also: 0 home-equity lines, 0 reverse mortgages, 15 manufactured homes, 38 investment properties.

Who gets approved at Farmers Bank

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k261633.3%
$50k – $100k423026.8%
$150k – $250k262013.0%
Applicant ageApplicationsOriginatedDecision denial rate
35–44272116.0%
45–54201521.1%
55–6435306.3%

Where Farmers Bank lends

3 states and 14 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Arkansas1259716.8%#137
Oklahoma8712.5%#436

Frequently asked questions

Farmers Bank denied 17.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 25th percentile of small mortgage lenders.

In 2025, 49% of its applications were for home purchases, 25% for refinancing (including cash-out), and 26% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.

Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with Farmers Bank. Data sources · Methodology