F&M Bank - Iowa Mortgage Lending & HMDA Data, 2005
In 2005, F&M Bank - Iowa of Marshalltown, IA reported 749 mortgage applications totaling $48.1 million, down 31% from 2004. The average application was for $64,280, and applicants reported an average income of $51,698. 72% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Ames, IA (63), Des Moines, IA (19) and Waterloo-Cedar Falls, IA (10) (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 | 749 |
| Total Mortgage Loan Application Amount | $48,146,000 |
| Average Mortgage Loan Application Amount | $64,280 |
| Highest Mortgage Loan Application Amount | $375,000 |
| Average Applicant Income | $51,698 |
| Highest Applicant Income | $406,000 |
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Act (HMDA) records F&M Bank - Iowa filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 181 | $ 11,125,000 | $ 61,464 | $ 50,000 |
| Poweshiek, Iowa | 180 | $ 12,019,000 | $ 66,772 | $ 57,000 |
| Marshall, Iowa | 140 | $ 7,320,000 | $ 52,285 | $ 41,000 |
| Story, Iowa | 63 | $ 5,462,000 | $ 86,698 | $ 64,000 |
| Hardin, Iowa | 34 | $ 1,409,000 | $ 41,441 | $ 43,000 |
| Marion, Iowa | 23 | $ 2,027,000 | $ 88,130 | $ 56,000 |
| Tama, Iowa | 17 | $ 632,000 | $ 37,176 | $ 42,000 |
| Clarke, Iowa | 13 | $ 806,000 | $ 62,000 | $ 35,000 |
| Polk, Iowa | 11 | $ 1,154,000 | $ 104,909 | $ 62,000 |
| Hamilton, Iowa | 9 | $ 381,000 | $ 42,333 | $ 26,000 |
| Dallas, Iowa | 6 | $ 237,000 | $ 39,500 | $ 33,000 |
| Grundy, Iowa | 6 | $ 315,000 | $ 52,500 | $ 74,000 |
| Boone, Iowa | 5 | $ 320,000 | $ 64,000 | $ 66,000 |
| Iowa, Iowa | 5 | $ 149,000 | $ 29,800 | $ 37,000 |
| Mahaska, Iowa | 5 | $ 745,000 | $ 149,000 | $ 114,000 |
| Black Hawk, Iowa | 4 | $ 225,000 | $ 56,250 | $ 41,000 |
| Clayton, Iowa | 2 | $ 222,000 | $ 111,000 | $ 58,000 |
| Greene, Iowa | 2 | $ 49,000 | $ 24,500 | $ 148,000 |
| Johnson, Iowa | 2 | $ 268,000 | $ 134,000 | $ 49,000 |
| Keokuk, Iowa | 2 | $ 132,000 | $ 66,000 | $ 35,000 |
| Warren, Iowa | 2 | $ 283,000 | $ 141,500 | $ 63,000 |
| Rice, Minnesota | 2 | $ 169,000 | $ 84,500 | $ 53,000 |
| Green, Wisconsin | 2 | $ 27,000 | $ 13,500 | $ 46,000 |
| Maricopa, Arizona | 1 | $ 17,000 | $ 17,000 | $ 112,000 |
| Kane, Illinois | 1 | $ 180,000 | $ 180,000 | $ 67,000 |
| Allamakee, Iowa | 1 | $ 5,000 | $ 5,000 | $ 19,000 |
| Butler, Iowa | 1 | $ 63,000 | $ 63,000 | $ 38,000 |
| Calhoun, Iowa | 1 | $ 15,000 | $ 15,000 | $ 156,000 |
| Davis, Iowa | 1 | $ 102,000 | $ 102,000 | $ 123,000 |
| Fayette, Iowa | 1 | $ 72,000 | $ 72,000 | $ 44,000 |
| Kossuth, Iowa | 1 | $ 140,000 | $ 140,000 | $ 0 |
| Linn, Iowa | 1 | $ 43,000 | $ 43,000 | $ 95,000 |
| Hennepin, Minnesota | 1 | $ 235,000 | $ 235,000 | $ 83,000 |
| Washington, Nebraska | 1 | $ 135,000 | $ 135,000 | $ 59,000 |
| Lafayette, Wisconsin | 1 | $ 30,000 | $ 30,000 | $ 70,000 |
| Marinette, Wisconsin | 1 | $ 7,000 | $ 7,000 | $ 34,000 |
| Outagamie, Wisconsin | 1 | $ 15,000 | $ 15,000 | $ 129,000 |
| St. Croix, Wisconsin | 1 | $ 10,000 | $ 10,000 | $ 31,000 |
| Winnebago, Wisconsin | 1 | $ 27,000 | $ 27,000 | $ 63,000 |
Mortgage Loan Application Detail Totals for F&M Bank - Iowa in 2005
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 | 342 | $28,977,000 | $81,166 | $375,000 | $63,833 | $197,000 |
| Refinancing | 209 | $14,845,000 | $72,333 | $350,000 | $65,333 | $406,000 |
| Home Improvement | 198 | $4,324,000 | $90,333 | $235,000 | $61,000 | $385,000 |
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 | 642 | $40,839,000 | $91,142 | $375,000 | $62,857 | $406,000 |
| Hispanic | 65 | $3,855,000 | $75,500 | $200,000 | $34,500 | $132,000 |
| Not Provided | 37 | $3,178,000 | $50,500 | $338,000 | $73,000 | $162,000 |
| American Indian or Alaskan Native | 2 | $33,000 | $16,000 | $28,000 | $48,000 | $58,000 |
| Asian | 2 | $167,000 | $83,000 | $96,000 | $53,000 | $78,000 |
| Black or African American | 1 | $74,000 | $74,000 | $74,000 | $46,000 | $46,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 711 | $45,000,000 | $90,857 | $375,000 | $63,571 | $406,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 38 | $3,146,000 | $87,000 | $148,000 | $35,000 | $53,000 |
| 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 | 536 | $36,615,000 | $91,000 | $375,000 | $61,000 | $406,000 |
| Application Denied By Financial Institution | 99 | $3,768,000 | $21,333 | $168,000 | $62,000 | $297,000 |
| Application Approved But Not Accepted | 63 | $3,427,000 | $83,333 | $192,000 | $72,333 | $156,000 |
| Application Withdrawn By Applicant | 34 | $2,762,000 | $81,000 | $190,000 | $51,000 | $162,000 |
| Preapproval Denied by Financial Institution | 17 | $1,574,000 | $92,000 | $148,000 | $33,000 | $88,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 82 | $3,024,000 | $35,750 | $148,000 | $55,000 | $297,000 |
| Debt-To-Income Ratio | 16 | $1,206,000 | $81,000 | $168,000 | $36,500 | $78,000 |
| Collateral | 7 | $447,000 | $63,000 | $120,000 | $62,000 | $110,000 |
| Other | 6 | $311,000 | $51,000 | $81,000 | $61,000 | $100,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $290,000 | $81,500 | $100,000 | $26,500 | $37,000 |
| Unverifiable Information | 1 | $64,000 | $64,000 | $64,000 | $23,000 | $23,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into F&M Bank - Iowa's 2005 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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