| $3,446,236,491 in Mortgage Loans Applied for in 2008 from 17,391,570 Applications |
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FARMERS & MERCHANTS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FARMERS & MERCHANTS BANK |
| Address | 205 S. MAIN ST
TIMBERVILLE, VA 22853 |
| Agency | Federal Reserve System (FRS) |
| Year | 2008 |
| Data Years (click a year for detail) | 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Loan Applications Processed | 287 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $37,956,000 |
| Average Mortgage Loan Amount Applied For | $166,625 |
| Highest Mortgage Loan Amount Applied For | $950,000 |
| Average Applicant Income | $107,625 |
| Highest Applicant Income | $546,000 |
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| Home Improvement |
38 | $3,597,000 |
$94,000 | $950,000 |
$65,000 | $318,000 |
| Home Purchase |
114 | $18,799,000 |
$164,000 | $608,000 |
$83,000 | $546,000 |
| Refinancing |
143 | $16,272,000 |
$113,000 | $495,000 |
$60,000 | $288,000 |
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| American Indian or Alaskan Native |
1 | $270,000 |
$270,000 | $270,000 |
$117,000 | $117,000 |
| Asian |
1 | $260,000 |
$260,000 | $260,000 |
$354,000 | $354,000 |
| Black or African American |
2 | $131,000 |
$65,000 | $106,000 |
$35,000 | $38,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
7 | $713,000 |
$101,000 | $185,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
284 | $37,294,000 |
$131,000 | $950,000 |
$70,000 | $546,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
295 | $38,668,000 |
$131,000 | $950,000 |
$70,000 | $546,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
5 | $828,000 |
$165,000 | $225,000 |
$57,000 | $101,000 |
| Application Denied By Financial Institution |
13 | $1,605,000 |
$123,000 | $230,000 |
$42,000 | $85,000 |
| Application Withdrawn By Applicant |
2 | $371,000 |
$185,000 | $209,000 |
$92,000 | $130,000 |
| File Closed For Incompleteness |
1 | $118,000 |
$118,000 | $118,000 |
$131,000 | $131,000 |
| Loan Originated |
274 | $35,746,000 |
$130,000 | $950,000 |
$71,000 | $546,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan Application Totals for FARMERS & MERCHANTS BANK by:
Metropolitan Area And
County
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