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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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F&M BANK - IOWA
Mortgage Loans and Application Details
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| Mortgage Company Name |
F&M BANK - IOWA |
| Address | 11 N 1ST AVENUE
MARSHALLTOWN, IA 50158-0370 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 665 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $36,204,000 |
| Average Mortgage Loan Amount Applied For | $82,285 |
| Highest Mortgage Loan Amount Applied For | $444,000 |
| Average Applicant Income | $78,178 |
| Highest Applicant Income | $508,000 |
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| Home Improvement |
203 | $4,897,000 |
$24,000 | $288,000 |
$57,000 | $300,000 |
| Home Purchase |
191 | $15,405,000 |
$80,000 | $444,000 |
$47,000 | $208,000 |
| Refinancing |
281 | $16,842,000 |
$59,000 | $349,000 |
$62,000 | $508,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $144,000 |
$48,000 | $100,000 |
$43,000 | $60,000 |
| Black or African American |
1 | $118,000 |
$118,000 | $118,000 |
$54,000 | $54,000 |
| Hispanic |
89 | $4,277,000 |
$48,000 | $160,000 |
$43,000 | $160,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
1 | $98,000 |
$98,000 | $98,000 |
$0 | $0 |
| Not Provided |
2 | $107,000 |
$53,000 | $82,000 |
$47,000 | $50,000 |
| White |
579 | $32,400,000 |
$55,000 | $444,000 |
$58,000 | $508,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
635 | $33,709,000 |
$53,000 | $444,000 |
$57,000 | $508,000 |
| FHA-insured (Federal Housing Administration) |
3 | $345,000 |
$115,000 | $167,000 |
$29,000 | $33,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
37 | $3,090,000 |
$83,000 | $136,000 |
$39,000 | $67,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
56 | $3,760,000 |
$67,000 | $233,000 |
$68,000 | $244,000 |
| Application Denied By Financial Institution |
126 | $5,873,000 |
$46,000 | $288,000 |
$42,000 | $140,000 |
| Application Withdrawn By Applicant |
25 | $3,058,000 |
$122,000 | $444,000 |
$56,000 | $135,000 |
| File Closed For Incompleteness |
4 | $403,000 |
$100,000 | $288,000 |
$152,000 | $450,000 |
| Loan Originated |
454 | $23,110,000 |
$50,000 | $290,000 |
$58,000 | $508,000 |
| 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 |
10 | $940,000 |
$94,000 | $135,000 |
$36,000 | $61,000 |
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| Collateral |
11 | $621,000 |
$56,000 | $130,000 |
$44,000 | $79,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
86 | $3,601,000 |
$41,000 | $288,000 |
$41,000 | $135,000 |
| Debt-To-Income Ratio |
27 | $1,912,000 |
$70,000 | $190,000 |
$39,000 | $112,000 |
| Employment History |
1 | $60,000 |
$60,000 | $60,000 |
$24,000 | $24,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $49,000 |
$49,000 | $49,000 |
$16,000 | $16,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
10 | $570,000 |
$57,000 | $120,000 |
$61,000 | $140,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for F&M BANK - IOWA by:
Metropolitan Area And
County
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