| $3,446,236,491 in Mortgage Loans Applied for in 2008 from 17,391,570 Applications |
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F&M BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
F&M BANK |
| Address | 50 FRANKLIN STREET
CLARKSVILLE, TN 37040 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Loan Applications Processed | 1,173 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $184,621,000 |
| Average Mortgage Loan Amount Applied For | $163,040 |
| Highest Mortgage Loan Amount Applied For | $2,576,000 |
| Average Applicant Income | $103,600 |
| Highest Applicant Income | $2,032,000 |
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| Home Improvement |
14 | $1,320,000 |
$94,000 | $250,000 |
$86,000 | $260,000 |
| Home Purchase |
719 | $103,933,000 |
$144,000 | $800,000 |
$76,000 | $1,161,000 |
| Refinancing |
440 | $79,368,000 |
$180,000 | $2,576,000 |
$104,000 | $2,032,000 |
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| American Indian or Alaskan Native |
3 | $387,000 |
$129,000 | $158,000 |
$100,000 | $122,000 |
| Asian |
5 | $1,346,000 |
$269,000 | $880,000 |
$183,000 | $748,000 |
| Black or African American |
65 | $7,793,000 |
$119,000 | $322,000 |
$68,000 | $252,000 |
| Hispanic |
13 | $2,659,000 |
$204,000 | $880,000 |
$186,000 | $1,161,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $326,000 |
$163,000 | $231,000 |
$114,000 | $138,000 |
| Not applicable |
24 | $7,312,000 |
$304,000 | $1,029,000 |
$37,000 | $188,000 |
| Not Provided |
43 | $6,371,000 |
$148,000 | $850,000 |
$56,000 | $518,000 |
| White |
1,018 | $158,427,000 |
$155,000 | $2,576,000 |
$88,000 | $2,032,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
717 | $115,950,000 |
$161,000 | $2,576,000 |
$106,000 | $2,032,000 |
| FHA-insured (Federal Housing Administration) |
233 | $34,184,000 |
$146,000 | $358,000 |
$55,000 | $220,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
9 | $1,218,000 |
$135,000 | $190,000 |
$40,000 | $49,000 |
| VA-guaranteed (Veterans Administration) |
214 | $33,269,000 |
$155,000 | $439,000 |
$56,000 | $161,000 |
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| Application Approved But Not Accepted |
38 | $5,362,000 |
$141,000 | $605,000 |
$100,000 | $538,000 |
| Application Denied By Financial Institution |
131 | $15,293,000 |
$116,000 | $448,000 |
$75,000 | $1,161,000 |
| Application Withdrawn By Applicant |
139 | $23,782,000 |
$171,000 | $850,000 |
$69,000 | $518,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
865 | $140,184,000 |
$162,000 | $2,576,000 |
$90,000 | $2,032,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
11 | $1,696,000 |
$154,000 | $306,000 |
$77,000 | $196,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
55 | $5,773,000 |
$104,000 | $317,000 |
$46,000 | $143,000 |
| Debt-To-Income Ratio |
47 | $5,605,000 |
$119,000 | $448,000 |
$72,000 | $301,000 |
| Employment History |
2 | $169,000 |
$84,000 | $154,000 |
$26,000 | $32,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
1 | $185,000 |
$185,000 | $185,000 |
$54,000 | $54,000 |
| Other |
5 | $691,000 |
$138,000 | $300,000 |
$70,000 | $93,000 |
| Unverifiable Information |
4 | $649,000 |
$162,000 | $277,000 |
$306,000 | $378,000 |
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Mortgage Loan Application Totals for F&M BANK by:
Metropolitan Area And
County
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