F&M Bank - Iowa Mortgage Lending & HMDA Data, 2006
In 2006, F&M Bank - Iowa of Marshalltown, IA reported 675 mortgage applications totaling $37.1 million, down 10% from 2005. The average application was for $55,028, and applicants reported an average income of $56,251. 67% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Ames, IA (53), Des Moines-West Des Moines, IA (9) and Waterloo-Cedar Falls, IA (7) (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 | 675 |
| Total Mortgage Loan Application Amount | $37,144,000 |
| Average Mortgage Loan Application Amount | $55,028 |
| Highest Mortgage Loan Application Amount | $444,000 |
| Average Applicant Income | $56,251 |
| Highest Applicant Income | $508,000 |
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Act (HMDA) records F&M Bank - Iowa filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 224 | $ 9,967,000 | $ 44,495 | $ 48,000 |
| Jasper, Iowa | 155 | $ 7,769,000 | $ 50,122 | $ 55,000 |
| Poweshiek, Iowa | 121 | $ 7,947,000 | $ 65,677 | $ 56,000 |
| Story, Iowa | 53 | $ 3,340,000 | $ 63,018 | $ 72,000 |
| Hardin, Iowa | 31 | $ 1,247,000 | $ 40,225 | $ 54,000 |
| Tama, Iowa | 26 | $ 1,051,000 | $ 40,423 | $ 50,000 |
| Grundy, Iowa | 6 | $ 431,000 | $ 71,833 | $ 39,000 |
| Hamilton, Iowa | 6 | $ 388,000 | $ 64,666 | $ 48,000 |
| Marion, Iowa | 6 | $ 433,000 | $ 72,166 | $ 94,000 |
| Boone, Iowa | 5 | $ 468,000 | $ 93,600 | $ 62,000 |
| Polk, Iowa | 5 | $ 789,000 | $ 157,800 | $ 141,000 |
| Mahaska, Iowa | 4 | $ 444,000 | $ 111,000 | $ 76,000 |
| Johnson, Iowa | 3 | $ 258,000 | $ 86,000 | $ 83,000 |
| Linn, Iowa | 3 | $ 195,000 | $ 65,000 | $ 114,000 |
| Calhoun, Iowa | 2 | $ 95,000 | $ 47,500 | $ 138,000 |
| Dallas, Iowa | 2 | $ 41,000 | $ 20,500 | $ 58,000 |
| Warren, Iowa | 2 | $ 249,000 | $ 124,500 | $ 195,000 |
| Benton, Iowa | 1 | $ 109,000 | $ 109,000 | $ 35,000 |
| Black Hawk, Iowa | 1 | $ 145,000 | $ 145,000 | $ 64,000 |
| Butler, Iowa | 1 | $ 23,000 | $ 23,000 | $ 47,000 |
| Cerro Gordo, Iowa | 1 | $ 66,000 | $ 66,000 | $ 64,000 |
| Clarke, Iowa | 1 | $ 62,000 | $ 62,000 | $ 32,000 |
| Lucas, Iowa | 1 | $ 7,000 | $ 7,000 | $ 80,000 |
| Mitchell, Iowa | 1 | $ 11,000 | $ 11,000 | $ 20,000 |
| Woodbury, Iowa | 1 | $ 56,000 | $ 56,000 | $ 60,000 |
| Midland, Michigan | 1 | $ 444,000 | $ 444,000 | $ 107,000 |
| Fillmore, Minnesota | 1 | $ 144,000 | $ 144,000 | $ 154,000 |
| Washington, Wisconsin | 1 | $ 25,000 | $ 25,000 | $ 143,000 |
Mortgage Loan Application Detail Totals for F&M Bank - Iowa in 2006
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 | 281 | $16,842,000 | $59,000 | $349,000 | $62,000 | $508,000 |
| Home Improvement | 203 | $4,897,000 | $24,000 | $288,000 | $57,000 | $300,000 |
| Home Purchase | 191 | $15,405,000 | $80,000 | $444,000 | $47,000 | $208,000 |
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 | 579 | $32,400,000 | $55,000 | $444,000 | $58,000 | $508,000 |
| Hispanic | 89 | $4,277,000 | $48,000 | $160,000 | $43,000 | $160,000 |
| Asian | 3 | $144,000 | $48,000 | $100,000 | $43,000 | $60,000 |
| Not Provided | 2 | $107,000 | $53,000 | $82,000 | $47,000 | $50,000 |
| Not applicable | 1 | $98,000 | $98,000 | $98,000 | $0 | $0 |
| Black or African American | 1 | $118,000 | $118,000 | $118,000 | $54,000 | $54,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 635 | $33,709,000 | $53,000 | $444,000 | $57,000 | $508,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 37 | $3,090,000 | $83,000 | $136,000 | $39,000 | $67,000 |
| FHA-insured (Federal Housing Administration) | 3 | $345,000 | $115,000 | $167,000 | $29,000 | $33,000 |
| 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 | 454 | $23,110,000 | $50,000 | $290,000 | $58,000 | $508,000 |
| Application Denied By Financial Institution | 126 | $5,873,000 | $46,000 | $288,000 | $42,000 | $140,000 |
| Application Approved But Not Accepted | 56 | $3,760,000 | $67,000 | $233,000 | $68,000 | $244,000 |
| Application Withdrawn By Applicant | 25 | $3,058,000 | $122,000 | $444,000 | $56,000 | $135,000 |
| Preapproval Denied by Financial Institution | 10 | $940,000 | $94,000 | $135,000 | $36,000 | $61,000 |
| File Closed For Incompleteness | 4 | $403,000 | $100,000 | $288,000 | $152,000 | $450,000 |
| 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 | 86 | $3,601,000 | $41,000 | $288,000 | $41,000 | $135,000 |
| Debt-To-Income Ratio | 27 | $1,912,000 | $70,000 | $190,000 | $39,000 | $112,000 |
| Collateral | 11 | $621,000 | $56,000 | $130,000 | $44,000 | $79,000 |
| Other | 10 | $570,000 | $57,000 | $120,000 | $61,000 | $140,000 |
| Employment History | 1 | $60,000 | $60,000 | $60,000 | $24,000 | $24,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $49,000 | $49,000 | $49,000 | $16,000 | $16,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into F&M Bank - Iowa's 2006 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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