F&M Bank - Iowa Mortgage Lending & HMDA Data, 2007
In 2007, F&M Bank - Iowa of Marshalltown, IA reported 373 mortgage applications totaling $21.8 million, down 45% from 2006. The average application was for $58,388, and applicants reported an average income of $56,380. 67% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Ames, IA (29), Des Moines-West Des Moines, IA (12) and Waterloo-Cedar Falls, IA (4) (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 | 373 |
| Total Mortgage Loan Application Amount | $21,779,000 |
| Average Mortgage Loan Application Amount | $58,388 |
| Highest Mortgage Loan Application Amount | $520,000 |
| Average Applicant Income | $56,380 |
| Highest Applicant Income | $359,000 |
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Act (HMDA) records F&M Bank - Iowa filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 111 | $ 4,237,000 | $ 38,171 | $ 46,000 |
| Jasper, Iowa | 87 | $ 5,442,000 | $ 62,551 | $ 52,000 |
| Poweshiek, Iowa | 69 | $ 4,140,000 | $ 60,000 | $ 57,000 |
| Story, Iowa | 29 | $ 2,546,000 | $ 87,793 | $ 80,000 |
| Tama, Iowa | 20 | $ 1,032,000 | $ 51,600 | $ 51,000 |
| Hardin, Iowa | 15 | $ 1,067,000 | $ 71,133 | $ 68,000 |
| Polk, Iowa | 8 | $ 768,000 | $ 96,000 | $ 67,000 |
| Hamilton, Iowa | 5 | $ 406,000 | $ 81,200 | $ 57,000 |
| Warren, Iowa | 4 | $ 207,000 | $ 51,750 | $ 61,000 |
| Boone, Iowa | 3 | $ 130,000 | $ 43,333 | $ 64,000 |
| Grundy, Iowa | 3 | $ 128,000 | $ 42,666 | $ 50,000 |
| Marion, Iowa | 3 | $ 425,000 | $ 141,666 | $ 88,000 |
| Calhoun, Iowa | 2 | $ 191,000 | $ 95,500 | $ 60,000 |
| Franklin, Iowa | 2 | $ 282,000 | $ 141,000 | $ 228,000 |
| Iowa, Iowa | 2 | $ 115,000 | $ 57,500 | $ 42,000 |
| Black Hawk, Iowa | 1 | $ 15,000 | $ 15,000 | $ 56,000 |
| Clarke, Iowa | 1 | $ 120,000 | $ 120,000 | $ 36,000 |
| Clayton, Iowa | 1 | $ 12,000 | $ 12,000 | $ 60,000 |
| Greene, Iowa | 1 | $ 59,000 | $ 59,000 | $ 25,000 |
| Linn, Iowa | 1 | $ 5,000 | $ 5,000 | $ 50,000 |
| Lucas, Iowa | 1 | $ 5,000 | $ 5,000 | $ 50,000 |
| Mitchell, Iowa | 1 | $ 347,000 | $ 347,000 | $ 326,000 |
| Woodbury, Iowa | 1 | $ 65,000 | $ 65,000 | $ 98,000 |
| Thurston, Nebraska | 1 | $ 5,000 | $ 5,000 | $ 22,000 |
| Northumberland, Virginia | 1 | $ 30,000 | $ 30,000 | $ 27,000 |
Mortgage Loan Application Detail Totals for F&M Bank - Iowa in 2007
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 | 160 | $11,212,000 | $70,000 | $520,000 | $61,000 | $233,000 |
| Home Improvement | 116 | $2,174,000 | $18,000 | $211,000 | $52,000 | $182,000 |
| Home Purchase | 97 | $8,393,000 | $86,000 | $347,000 | $54,000 | $359,000 |
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 | 331 | $19,387,000 | $58,000 | $520,000 | $57,000 | $359,000 |
| Hispanic | 27 | $717,000 | $26,000 | $120,000 | $44,000 | $108,000 |
| Not Provided | 9 | $1,023,000 | $113,000 | $307,000 | $70,000 | $195,000 |
| American Indian or Alaskan Native | 3 | $46,000 | $15,000 | $40,000 | $47,000 | $83,000 |
| Asian | 1 | $176,000 | $176,000 | $176,000 | $42,000 | $42,000 |
| Black or African American | 1 | $30,000 | $30,000 | $30,000 | $49,000 | $49,000 |
| Not applicable | 1 | $400,000 | $400,000 | $400,000 | $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) | 366 | $21,220,000 | $57,000 | $520,000 | $57,000 | $359,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 4 | $272,000 | $68,000 | $80,000 | $29,000 | $36,000 |
| FHA-insured (Federal Housing Administration) | 3 | $287,000 | $95,000 | $154,000 | $34,000 | $47,000 |
| 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 | 249 | $14,835,000 | $59,000 | $400,000 | $55,000 | $359,000 |
| Application Denied By Financial Institution | 86 | $4,394,000 | $51,000 | $520,000 | $55,000 | $233,000 |
| Application Approved But Not Accepted | 29 | $1,699,000 | $58,000 | $188,000 | $68,000 | $228,000 |
| Application Withdrawn By Applicant | 8 | $796,000 | $99,000 | $307,000 | $63,000 | $120,000 |
| File Closed For Incompleteness | 1 | $55,000 | $55,000 | $55,000 | $43,000 | $43,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 50 | $1,831,000 | $36,000 | $520,000 | $51,000 | $233,000 |
| Debt-To-Income Ratio | 12 | $768,000 | $64,000 | $300,000 | $36,000 | $119,000 |
| Collateral | 12 | $1,209,000 | $100,000 | $306,000 | $79,000 | $228,000 |
| Other | 6 | $180,000 | $30,000 | $55,000 | $62,000 | $85,000 |
| Credit Application Incomplete | 3 | $137,000 | $45,000 | $58,000 | $62,000 | $93,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $181,000 | $90,000 | $119,000 | $91,000 | $140,000 |
| Employment History | 1 | $88,000 | $88,000 | $88,000 | $33,000 | $33,000 |
| 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 2007 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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