F&M Bank Mortgage Lending & HMDA Data, 2003
In 2003, F&M Bank of Clarksville, TN reported 931 mortgage applications totaling $91.0 million. The average application was for $97,721, and applicants reported an average income of $59,003. 86% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Clarksville-Hopkinsville, TN-KY (404), Nashville, TN (296) and Jackson, TN (1) (applications in parentheses).
| Mortgage Company & Address | F&M Bank 50 Franklin St Clarksville, TN 37040 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 931 |
| Total Mortgage Loan Application Amount | $90,979,000 |
| Average Mortgage Loan Application Amount | $97,721 |
| Highest Mortgage Loan Application Amount | $1,440,000 |
| Average Applicant Income | $59,003 |
| Highest Applicant Income | $1,157,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records F&M Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Clarksville-Hopkinsville, TN-KY | 404 | $ 41,808,000 | $ 103,485 | $ 49,000 |
| Nashville, TN | 296 | $ 31,148,000 | $ 105,229 | $ 72,000 |
| Jackson, TN | 1 | $ 62,000 | $ 62,000 | $ 28,000 |
Mortgage Loan Application Detail Totals for F&M Bank in 2003
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Refinancing (home purchase or home improvement, one-to-four family) | 572 | $54,463,000 | $108,000 | $466,000 | $73,500 | $383,000 |
| Home Purchase (one-to-four family) | 350 | $30,587,000 | $67,333 | $335,000 | $51,333 | $1,157,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 9 | $5,929,000 | $1,000,500 | $1,440,000 | $0 | $0 |
| Home Improvement (one-to-four family) | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 878 | $84,194,000 | $80,000 | $1,352,000 | $58,000 | $1,157,000 |
| Black | 27 | $2,003,000 | $74,000 | $225,000 | $49,000 | $119,000 |
| Hispanic | 15 | $1,365,000 | $80,500 | $133,000 | $35,500 | $68,000 |
| Not applicable | 5 | $2,280,000 | $825,000 | $1,440,000 | $52,500 | $258,000 |
| Asian or Pacific Islander | 3 | $829,000 | $276,000 | $665,000 | $37,000 | $60,000 |
| American Indian or Alaskan Native | 2 | $200,000 | $100,000 | $124,000 | $39,000 | $46,000 |
| Other | 1 | $108,000 | $108,000 | $108,000 | $149,000 | $149,000 |
| Information not provided by applicant in mail or telephone application | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 733 | $70,159,000 | $121,000 | $1,440,000 | $58,333 | $1,157,000 |
| VA-guaranteed (Veterans Administration) | 110 | $12,010,000 | $87,500 | $218,000 | $35,500 | $137,000 |
| FHA-insured (Federal Housing Administration) | 88 | $8,810,000 | $100,000 | $193,000 | $47,000 | $176,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 797 | $80,823,000 | $174,500 | $1,440,000 | $68,500 | $1,157,000 |
| Application Denied By Financial Institution | 77 | $5,106,000 | $41,000 | $245,000 | $29,333 | $123,000 |
| Application Withdrawn By Applicant | 44 | $3,289,000 | $92,000 | $259,000 | $87,500 | $531,000 |
| Application Approved But Not Accepted | 12 | $1,716,000 | $143,000 | $460,000 | $59,000 | $121,000 |
| File Closed For Incompleteness | 1 | $45,000 | $45,000 | $45,000 | $18,000 | $18,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Credit History | 32 | $1,372,000 | $31,000 | $137,000 | $31,000 | $78,000 |
| Debt-To-Income Ratio | 21 | $1,522,000 | $72,000 | $180,000 | $31,000 | $111,000 |
| Other | 11 | $989,000 | $89,000 | $161,000 | $40,000 | $68,000 |
| Collateral | 7 | $660,000 | $94,000 | $245,000 | $53,000 | $123,000 |
| Unverifiable Information | 2 | $145,000 | $72,000 | $95,000 | $55,000 | $70,000 |
| Credit Application Incomplete | 1 | $72,000 | $72,000 | $72,000 | $53,000 | $53,000 |
| Employment History | 1 | $179,000 | $179,000 | $179,000 | $61,000 | $61,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $127,000 | $127,000 | $127,000 | $85,000 | $85,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into F&M Bank's 2003 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess F&M Bank's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Tennessee, download the full spreadsheet
with aggregated HMDA statistics today.
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