F&M Bank - Iowa Mortgage Lending & HMDA Data, 2009
In 2009, F&M Bank - Iowa of Marshalltown, IA reported 241 mortgage applications totaling $17.3 million, up 9% from 2008. The average application was for $71,937, and applicants reported an average income of $62,024. 55% of its applications resulted in an originated loan and 32% were denied. Its largest markets were Ames, IA (13), Des Moines-West Des Moines, IA (9) and Iowa City, IA (2) (applications in parentheses).
| Mortgage Company & Address | F&M Bank - Iowa 11 N 1st Avenue Marshalltown, IA 50158 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 241 |
| Total Mortgage Loan Application Amount | $17,337,000 |
| Average Mortgage Loan Application Amount | $71,937 |
| Highest Mortgage Loan Application Amount | $416,000 |
| Average Applicant Income | $62,024 |
| Highest Applicant Income | $750,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records F&M Bank - Iowa filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Marshall, Iowa | 78 | $ 3,846,000 | $ 49,307 | $ 53,000 |
| Jasper, Iowa | 47 | $ 3,847,000 | $ 81,851 | $ 57,000 |
| Poweshiek, Iowa | 38 | $ 3,130,000 | $ 82,368 | $ 57,000 |
| Tama, Iowa | 16 | $ 563,000 | $ 35,187 | $ 45,000 |
| Hardin, Iowa | 14 | $ 519,000 | $ 37,071 | $ 49,000 |
| Story, Iowa | 13 | $ 1,374,000 | $ 105,692 | $ 110,000 |
| Polk, Iowa | 7 | $ 567,000 | $ 81,000 | $ 49,000 |
| Marion, Iowa | 4 | $ 499,000 | $ 124,750 | $ 67,000 |
| Clayton, Iowa | 2 | $ 224,000 | $ 112,000 | $ 50,000 |
| Grundy, Iowa | 2 | $ 178,000 | $ 89,000 | $ 70,000 |
| Johnson, Iowa | 2 | $ 142,000 | $ 71,000 | $ 58,000 |
| Grand Traverse, Michigan | 2 | $ 228,000 | $ 114,000 | $ 127,000 |
| Livingston, Illinois | 1 | $ 7,000 | $ 7,000 | $ 54,000 |
| Boone, Iowa | 1 | $ 38,000 | $ 38,000 | $ 29,000 |
| Dallas, Iowa | 1 | $ 242,000 | $ 242,000 | $ 93,000 |
| Linn, Iowa | 1 | $ 71,000 | $ 71,000 | $ 39,000 |
| Mahaska, Iowa | 1 | $ 65,000 | $ 65,000 | $ 57,000 |
| Warren, Iowa | 1 | $ 416,000 | $ 416,000 | $ 312,000 |
| Woodbury, Iowa | 1 | $ 64,000 | $ 64,000 | $ 53,000 |
| Norfolk, Massachusetts | 1 | $ 251,000 | $ 251,000 | $ 750,000 |
| Arenac, Michigan | 1 | $ 73,000 | $ 73,000 | $ 56,000 |
| Eaton, Michigan | 1 | $ 64,000 | $ 64,000 | $ 66,000 |
| Houghton, Michigan | 1 | $ 114,000 | $ 114,000 | $ 17,000 |
| Ionia, Michigan | 1 | $ 225,000 | $ 225,000 | $ 44,000 |
| Wayne, Michigan | 1 | $ 120,000 | $ 120,000 | $ 52,000 |
| Cuyahoga, Ohio | 1 | $ 182,000 | $ 182,000 | $ 100,000 |
| Summit, Ohio | 1 | $ 149,000 | $ 149,000 | $ 105,000 |
| Oconto, Wisconsin | 1 | $ 139,000 | $ 139,000 | $ 46,000 |
Mortgage Loan Application Detail Totals for F&M Bank - Iowa in 2009
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 | 122 | $12,716,000 | $104,000 | $416,000 | $76,000 | $750,000 |
| Home Improvement | 79 | $1,114,000 | $14,000 | $128,000 | $44,000 | $91,000 |
| Home Purchase | 40 | $3,507,000 | $87,000 | $217,000 | $55,000 | $153,000 |
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 | 183 | $12,105,000 | $66,000 | $299,000 | $59,000 | $436,000 |
| Not Provided | 38 | $4,897,000 | $128,000 | $416,000 | $85,000 | $750,000 |
| Hispanic | 17 | $187,000 | $11,000 | $63,000 | $44,000 | $78,000 |
| Asian | 2 | $85,000 | $42,000 | $71,000 | $44,000 | $70,000 |
| Not applicable | 1 | $63,000 | $63,000 | $63,000 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 213 | $14,431,000 | $67,000 | $416,000 | $63,000 | $750,000 |
| FHA-insured (Federal Housing Administration) | 28 | $2,906,000 | $103,000 | $258,000 | $54,000 | $153,000 |
| 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 |
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 | 133 | $9,726,000 | $73,000 | $299,000 | $61,000 | $436,000 |
| Application Denied By Financial Institution | 76 | $3,830,000 | $50,000 | $258,000 | $46,000 | $132,000 |
| Application Approved But Not Accepted | 27 | $3,248,000 | $120,000 | $416,000 | $115,000 | $750,000 |
| Application Withdrawn By Applicant | 4 | $459,000 | $114,000 | $182,000 | $59,000 | $100,000 |
| File Closed For Incompleteness | 1 | $74,000 | $74,000 | $74,000 | $28,000 | $28,000 |
| 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 |
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 | 36 | $729,000 | $20,000 | $92,000 | $41,000 | $132,000 |
| Debt-To-Income Ratio | 13 | $780,000 | $60,000 | $187,000 | $38,000 | $81,000 |
| Collateral | 13 | $1,345,000 | $103,000 | $258,000 | $63,000 | $116,000 |
| Other | 5 | $150,000 | $30,000 | $108,000 | $53,000 | $65,000 |
| Credit Application Incomplete | 4 | $389,000 | $97,000 | $225,000 | $32,000 | $44,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $303,000 | $101,000 | $173,000 | $70,000 | $94,000 |
| Employment History | 2 | $134,000 | $67,000 | $71,000 | $33,000 | $37,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into F&M Bank - Iowa's 2009 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 - Iowa'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 Iowa, download the full spreadsheet
with aggregated HMDA statistics today.
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