# The Farmers National Bank of Canfield

> **Canonical URL:** https://saferate.com/lenders/the-farmers-national-bank-of-canfield

> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible

The Farmers National Bank of Canfield is a bank, headquartered in Canfield, OH, serving borrowers across 8 states, with 550 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 47% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 26% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300YNUT7D0FWKU636
- **Headquarters:** Canfield, OH
- **Geographic Reach:** Multi-Region
- **States Served:** 8
- **State List:** FL, IL, MI, NC, OH, PA, SC, VA
- **Markets (MSAs):** 6
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 53/100
- Rating: ●●●○○ (3/5)

### Pull Through: Strong 😀
- Score: 74/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.389%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,198
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 550
- **Dollar Volume:** $146 million
- **Applications Received:** 714
- **Market Share:** 2.00%

## Typical Borrower Profile

- **Average Loan Amount:** $266,018
- **Average Borrower Income:** $122,675

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (63%)
- ⭐ **Purchase Gold Superstar** (63%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 71/100 | 499 | +0.412% | $1,192 | Strong 😀 |
| FHA | 52/100 | 19 | +0.465% | $1,606 | Sound ☺️ |
| VA | 55/100 | 12 | -0.415% | $739 | Sound ☺️ |
| Jumbo | 67/100 | 20 | +0.043% | $1,235 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 429 loans, Score: 71/100 (Strong)
- Refinance: 70 loans, Score: 62/100 (Strong)

**Jumbo:**
- Purchase: 20 loans, Score: 68/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 69/100 | 476 | $132M | +0.346% | Strong 😀 |
| Refinance | 60/100 | 74 | $14M | +0.631% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| OH | 473 | 0.35% | 80/100 |
| PA | 68 | 0.06% | 59/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Youngstown | OH | 216 | 90/100 |
| Non |  | 145 | 60/100 |
| Canton | OH | 68 | 73/100 |
| Cleveland, OH | OH | 38 | 58/100 |
| Pittsburgh, PA | PA | 36 | 58/100 |
| Akron, OH | OH | 28 | 58/100 |

## Frequently Asked Questions

### What loan types does The Farmers National Bank of Canfield offer?

The Farmers National Bank of Canfield offers the following mortgage loan types: FHA, Conventional, VA, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does The Farmers National Bank of Canfield offer mortgages?

The Farmers National Bank of Canfield offers mortgages in 8 states: FL, IL, MI, NC, OH, PA, SC, VA.

### How competitive are The Farmers National Bank of Canfield's mortgage rates?

The Farmers National Bank of Canfield has a pricing score of 53/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.389% above market average.

### What type of lender is The Farmers National Bank of Canfield?

The Farmers National Bank of Canfield is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Canfield, OH.

### What is The Farmers National Bank of Canfield's loan approval success rate?

The Farmers National Bank of Canfield has a pull-through score of 74/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

---

## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-05-29
**Canonical URL:** https://saferate.com/lenders/the-farmers-national-bank-of-canfield

### How to Cite

> "The Farmers National Bank of Canfield Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/the-farmers-national-bank-of-canfield

---

**[View Interactive Profile →](https://saferate.com/lenders/the-farmers-national-bank-of-canfield)**