F&M Bank - Iowa Mortgage Lending & HMDA Data, 2004
In 2004, F&M Bank - Iowa of Marshalltown, IA reported 1,092 mortgage applications totaling $66.5 million. The average application was for $60,858, and applicants reported an average income of $50,878. 77% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Ames, IA (107), Des Moines, IA (50) and Waterloo-Cedar Falls, IA (13) (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 | 1,092 |
| Total Mortgage Loan Application Amount | $66,458,000 |
| Average Mortgage Loan Application Amount | $60,858 |
| Highest Mortgage Loan Application Amount | $378,000 |
| Average Applicant Income | $50,878 |
| Highest Applicant Income | $429,000 |
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Act (HMDA) records F&M Bank - Iowa filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Jasper, Iowa | 289 | $ 17,155,000 | $ 59,359 | $ 48,000 |
| Marshall, Iowa | 251 | $ 13,038,000 | $ 51,944 | $ 41,000 |
| Poweshiek, Iowa | 204 | $ 12,484,000 | $ 61,196 | $ 56,000 |
| Story, Iowa | 107 | $ 8,711,000 | $ 81,411 | $ 74,000 |
| Hardin, Iowa | 56 | $ 2,134,000 | $ 38,107 | $ 45,000 |
| Marion, Iowa | 38 | $ 3,880,000 | $ 102,105 | $ 63,000 |
| Polk, Iowa | 37 | $ 2,856,000 | $ 77,189 | $ 61,000 |
| Tama, Iowa | 25 | $ 975,000 | $ 39,000 | $ 47,000 |
| Mahaska, Iowa | 16 | $ 952,000 | $ 59,500 | $ 52,000 |
| Hamilton, Iowa | 14 | $ 599,000 | $ 42,785 | $ 47,000 |
| Grundy, Iowa | 11 | $ 307,000 | $ 27,909 | $ 34,000 |
| Dallas, Iowa | 7 | $ 548,000 | $ 78,285 | $ 38,000 |
| Warren, Iowa | 6 | $ 532,000 | $ 88,666 | $ 43,000 |
| Boone, Iowa | 5 | $ 431,000 | $ 86,200 | $ 49,000 |
| Iowa, Iowa | 3 | $ 111,000 | $ 37,000 | $ 38,000 |
| Johnson, Iowa | 3 | $ 332,000 | $ 110,666 | $ 54,000 |
| Bremer, Iowa | 2 | $ 118,000 | $ 59,000 | $ 41,000 |
| Butler, Iowa | 2 | $ 160,000 | $ 80,000 | $ 75,000 |
| Lucas, Iowa | 2 | $ 28,000 | $ 14,000 | $ 41,000 |
| Winnebago, Wisconsin | 2 | $ 58,000 | $ 29,000 | $ 20,000 |
| McHenry, Illinois | 1 | $ 50,000 | $ 50,000 | $ 126,000 |
| Rock Island, Illinois | 1 | $ 55,000 | $ 55,000 | $ 33,000 |
| Appanoose, Iowa | 1 | $ 92,000 | $ 92,000 | $ 43,000 |
| Clarke, Iowa | 1 | $ 65,000 | $ 65,000 | $ 25,000 |
| Wapello, Iowa | 1 | $ 53,000 | $ 53,000 | $ 24,000 |
| Dane, Wisconsin | 1 | $ 107,000 | $ 107,000 | $ 109,000 |
Mortgage Loan Application Detail Totals for F&M Bank - Iowa in 2004
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 | 445 | $36,227,000 | $85,500 | $360,000 | $78,750 | $429,000 |
| Refinancing | 379 | $25,412,000 | $50,333 | $378,000 | $36,333 | $255,000 |
| Home Improvement | 268 | $4,819,000 | $17,000 | $152,000 | $47,000 | $165,000 |
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 | 933 | $56,003,000 | $88,750 | $378,000 | $52,000 | $255,000 |
| Hispanic | 102 | $5,390,000 | $62,500 | $116,000 | $30,500 | $72,000 |
| Not Provided | 44 | $4,122,000 | $99,500 | $284,000 | $46,000 | $429,000 |
| American Indian or Alaskan Native | 5 | $142,000 | $28,000 | $49,000 | $42,000 | $65,000 |
| Asian | 5 | $585,000 | $117,000 | $209,000 | $96,000 | $407,000 |
| Black or African American | 2 | $199,000 | $99,500 | $119,000 | $87,000 | $133,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $17,000 | $17,000 | $17,000 | $38,000 | $38,000 |
| Not applicable | 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) | 1,039 | $62,192,000 | $67,500 | $378,000 | $53,000 | $429,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 53 | $4,266,000 | $80,000 | $134,000 | $35,000 | $60,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 841 | $52,673,000 | $60,666 | $360,000 | $64,333 | $429,000 |
| Application Denied By Financial Institution | 121 | $4,236,000 | $31,500 | $252,000 | $33,500 | $140,000 |
| Application Approved But Not Accepted | 84 | $5,450,000 | $64,000 | $378,000 | $62,000 | $407,000 |
| Application Withdrawn By Applicant | 31 | $2,813,000 | $90,000 | $235,000 | $43,000 | $144,000 |
| File Closed For Incompleteness | 9 | $659,000 | $73,000 | $152,000 | $83,000 | $255,000 |
| Preapproval Denied by Financial Institution | 6 | $627,000 | $104,000 | $189,000 | $31,000 | $43,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 | 102 | $3,466,000 | $50,666 | $252,000 | $33,333 | $140,000 |
| Debt-To-Income Ratio | 17 | $1,071,000 | $83,500 | $189,000 | $30,000 | $102,000 |
| Collateral | 5 | $168,000 | $33,000 | $72,000 | $54,000 | $80,000 |
| Other | 3 | $158,000 | $52,000 | $94,000 | $54,000 | $83,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into F&M Bank - Iowa's 2004 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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