F&M Bank Mortgage Lending & HMDA Data, 2021
In 2021, F&M Bank of Clarksville, TN reported 3,990 mortgage applications totaling $1.3 billion, down 17% from 2020. The average application was for $315,345, and applicants reported an average income of $135,751. 83% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Nashville-Davidson--Murfreesboro--Franklin, TN (2,620), Clarksville, TN-KY (1,021) and Knoxville, TN (18) (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 | 3,990 |
| Total Mortgage Loan Application Amount | $1,258,230,000 |
| Average Mortgage Loan Application Amount | $315,345 |
| Highest Mortgage Loan Application Amount | $8,325,000 |
| Average Applicant Income | $135,751 |
| Highest Applicant Income | $4,735,000 |
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Disclosure Act (HMDA) records F&M Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for F&M Bank in 2021
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 2,038 | $670,590,000 | $329,000 | $8,325,000 | $134,000 | $4,735,000 |
| Refinancing | 1,401 | $424,085,000 | $302,000 | $7,485,000 | $144,000 | $3,762,000 |
| Cash-out Refinancing | 526 | $159,500,000 | $303,000 | $1,495,000 | $121,000 | $1,800,000 |
| Other Purpose | 14 | $2,490,000 | $177,000 | $365,000 | $87,000 | $225,000 |
| Home Improvement | 11 | $1,565,000 | $142,000 | $245,000 | $177,000 | $224,000 |
| Not Applicable | 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 | 3,046 | $938,420,000 | $308,000 | $8,325,000 | $139,000 | $4,735,000 |
| Not Provided | 339 | $113,145,000 | $333,000 | $1,045,000 | $148,000 | $753,000 |
| Black or African American | 181 | $48,225,000 | $266,000 | $575,000 | $84,000 | $607,000 |
| Not applicable | 148 | $81,390,000 | $549,000 | $7,485,000 | $0 | $0 |
| Asian | 125 | $32,335,000 | $258,000 | $705,000 | $127,000 | $525,000 |
| Hispanic | 117 | $34,285,000 | $293,000 | $1,315,000 | $108,000 | $639,000 |
| American Indian or Alaskan Native | 23 | $7,015,000 | $305,000 | $915,000 | $95,000 | $278,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $1,440,000 | $360,000 | $775,000 | $160,000 | $329,000 |
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) | 3,274 | $1,057,010,000 | $322,000 | $8,325,000 | $148,000 | $4,735,000 |
| VA-guaranteed (Veterans Administration) | 486 | $142,970,000 | $294,000 | $855,000 | $82,000 | $367,000 |
| FHA-insured (Federal Housing Administration) | 206 | $53,370,000 | $259,000 | $565,000 | $72,000 | $480,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 24 | $4,880,000 | $203,000 | $355,000 | $52,000 | $105,000 |
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 | 3,313 | $1,055,155,000 | $318,000 | $8,325,000 | $136,000 | $4,735,000 |
| Application Withdrawn By Applicant | 511 | $158,335,000 | $309,000 | $1,495,000 | $134,000 | $1,372,000 |
| Application Denied By Financial Institution | 137 | $34,355,000 | $250,000 | $1,155,000 | $109,000 | $1,800,000 |
| Application Approved But Not Accepted | 23 | $7,915,000 | $344,000 | $1,905,000 | $358,000 | $1,315,000 |
| File Closed For Incompleteness | 4 | $2,010,000 | $502,000 | $895,000 | $80,000 | $89,000 |
| Loan Purchased By The Institution | 2 | $460,000 | $230,000 | $295,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial 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 |
|---|---|---|---|---|---|---|
| Not applicable | 3,853 | $1,223,875,000 | $317,000 | $8,325,000 | $137,000 | $4,735,000 |
| Debt-To-Income Ratio | 46 | $10,960,000 | $238,000 | $1,155,000 | $134,000 | $1,800,000 |
| Credit History | 31 | $6,435,000 | $207,000 | $485,000 | $73,000 | $192,000 |
| Collateral | 19 | $5,345,000 | $281,000 | $535,000 | $106,000 | $315,000 |
| Other | 12 | $3,570,000 | $297,000 | $965,000 | $128,000 | $278,000 |
| Unverifiable Information | 8 | $2,220,000 | $277,000 | $625,000 | $109,000 | $262,000 |
| Credit Application Incomplete | 8 | $2,480,000 | $310,000 | $655,000 | $104,000 | $259,000 |
| Employment History | 7 | $1,705,000 | $243,000 | $365,000 | $67,000 | $93,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $1,640,000 | $273,000 | $445,000 | $104,000 | $170,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into F&M Bank's 2021 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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