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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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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 | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 281 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $31,802,000 |
| Average Mortgage Loan Amount Applied For | $116,888 |
| Highest Mortgage Loan Amount Applied For | $600,000 |
| Average Applicant Income | $61,111 |
| Highest Applicant Income | $224,000 |
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| Home Improvement |
31 | $1,099,000 |
$35,000 | $138,000 |
$56,000 | $164,000 |
| Home Purchase |
118 | $17,320,000 |
$146,000 | $600,000 |
$66,000 | $224,000 |
| Refinancing |
132 | $13,383,000 |
$101,000 | $350,000 |
$54,000 | $188,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $120,000 |
$120,000 | $120,000 |
$48,000 | $48,000 |
| Black or African American |
3 | $193,000 |
$64,000 | $93,000 |
$54,000 | $77,000 |
| Hispanic |
3 | $287,000 |
$95,000 | $169,000 |
$47,000 | $88,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
12 | $2,026,000 |
$168,000 | $464,000 |
$0 | $0 |
| Not Provided |
1 | $73,000 |
$73,000 | $73,000 |
$27,000 | $27,000 |
| White |
261 | $29,103,000 |
$111,000 | $600,000 |
$62,000 | $224,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
281 | $31,802,000 |
$113,000 | $600,000 |
$59,000 | $224,000 |
| 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 |
3 | $461,000 |
$153,000 | $170,000 |
$37,000 | $43,000 |
| Application Denied By Financial Institution |
11 | $1,058,000 |
$96,000 | $205,000 |
$55,000 | $126,000 |
| Application Withdrawn By Applicant |
5 | $408,000 |
$81,000 | $169,000 |
$34,000 | $56,000 |
| File Closed For Incompleteness |
1 | $50,000 |
$50,000 | $50,000 |
$35,000 | $35,000 |
| Loan Originated |
261 | $29,825,000 |
$114,000 | $600,000 |
$60,000 | $224,000 |
| 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 |
3 | $392,000 |
$130,000 | $205,000 |
$83,000 | $126,000 |
| Credit Application Incomplete |
1 | $73,000 |
$73,000 | $73,000 |
$27,000 | $27,000 |
| Credit History |
1 | $85,000 |
$85,000 | $85,000 |
$68,000 | $68,000 |
| Debt-To-Income Ratio |
4 | $302,000 |
$75,000 | $180,000 |
$37,000 | $51,000 |
| Employment History |
1 | $126,000 |
$126,000 | $126,000 |
$64,000 | $64,000 |
| 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 |
1 | $80,000 |
$80,000 | $80,000 |
$48,000 | $48,000 |
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Mortgage Loan App Totals for FARMERS & MERCHANTS BANK by:
Metropolitan Area And
County
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