F&M Bank - Iowa Mortgage Lending & HMDA Data, 2008
In 2008, F&M Bank - Iowa of Marshalltown, IA reported 221 mortgage applications totaling $15.2 million, down 41% from 2007. The average application was for $68,714, and applicants reported an average income of $59,737. 52% of its applications resulted in an originated loan and 24% were denied. Its largest markets were Ames, IA (13), Des Moines-West Des Moines, IA (6) and Flint, MI (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 | 221 |
| Total Mortgage Loan Application Amount | $15,186,000 |
| Average Mortgage Loan Application Amount | $68,714 |
| Highest Mortgage Loan Application Amount | $406,000 |
| Average Applicant Income | $59,737 |
| Highest Applicant Income | $284,000 |
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Act (HMDA) records F&M Bank - Iowa filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 55 | $ 4,015,000 | $ 73,000 | $ 59,000 |
| Marshall, Iowa | 52 | $ 1,724,000 | $ 33,153 | $ 48,000 |
| Poweshiek, Iowa | 49 | $ 3,826,000 | $ 78,081 | $ 63,000 |
| Story, Iowa | 13 | $ 1,094,000 | $ 84,153 | $ 67,000 |
| Hardin, Iowa | 9 | $ 457,000 | $ 50,777 | $ 58,000 |
| Tama, Iowa | 7 | $ 430,000 | $ 61,428 | $ 46,000 |
| Polk, Iowa | 6 | $ 534,000 | $ 89,000 | $ 75,000 |
| Marion, Iowa | 3 | $ 179,000 | $ 59,666 | $ 86,000 |
| Boone, Iowa | 2 | $ 84,000 | $ 42,000 | $ 56,000 |
| Johnson, Iowa | 2 | $ 152,000 | $ 76,000 | $ 103,000 |
| Genesee, Michigan | 2 | $ 163,000 | $ 81,500 | $ 87,000 |
| Appanoose, Iowa | 1 | $ 106,000 | $ 106,000 | $ 60,000 |
| Black Hawk, Iowa | 1 | $ 100,000 | $ 100,000 | $ 52,000 |
| Buchanan, Iowa | 1 | $ 82,000 | $ 82,000 | $ 26,000 |
| Grundy, Iowa | 1 | $ 41,000 | $ 41,000 | $ 57,000 |
| Mahaska, Iowa | 1 | $ 8,000 | $ 8,000 | $ 22,000 |
| Monroe, Iowa | 1 | $ 41,000 | $ 41,000 | $ 15,000 |
| Antrim, Michigan | 1 | $ 262,000 | $ 262,000 | $ 75,000 |
| Cheboygan, Michigan | 1 | $ 406,000 | $ 406,000 | $ 99,000 |
| Gogebic, Michigan | 1 | $ 143,000 | $ 143,000 | $ 86,000 |
| Kent, Michigan | 1 | $ 115,000 | $ 115,000 | $ 68,000 |
| Macomb, Michigan | 1 | $ 53,000 | $ 53,000 | $ 37,000 |
| Oakland, Michigan | 1 | $ 108,000 | $ 108,000 | $ 80,000 |
| Washtenaw, Michigan | 1 | $ 257,000 | $ 257,000 | $ 284,000 |
| Benton, Missouri | 1 | $ 12,000 | $ 12,000 | $ 110,000 |
| Ashland, Ohio | 1 | $ 230,000 | $ 230,000 | $ 65,000 |
Mortgage Loan Application Detail Totals for F&M Bank - Iowa in 2008
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 | 101 | $9,412,000 | $93,000 | $406,000 | $66,000 | $284,000 |
| Home Improvement | 76 | $1,503,000 | $19,000 | $163,000 | $53,000 | $156,000 |
| Home Purchase | 44 | $4,271,000 | $97,000 | $262,000 | $57,000 | $182,000 |
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 | 162 | $10,051,000 | $62,000 | $406,000 | $58,000 | $210,000 |
| Not Provided | 40 | $4,564,000 | $114,000 | $262,000 | $67,000 | $284,000 |
| Hispanic | 18 | $536,000 | $29,000 | $122,000 | $61,000 | $280,000 |
| Not applicable | 1 | $35,000 | $35,000 | $35,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 206 | $13,571,000 | $65,000 | $406,000 | $61,000 | $284,000 |
| FHA-insured (Federal Housing Administration) | 14 | $1,510,000 | $107,000 | $176,000 | $49,000 | $89,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $105,000 | $105,000 | $105,000 | $31,000 | $31,000 |
| 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 | 114 | $6,993,000 | $61,000 | $250,000 | $63,000 | $280,000 |
| Application Denied By Financial Institution | 53 | $2,248,000 | $42,000 | $156,000 | $48,000 | $156,000 |
| Application Approved But Not Accepted | 39 | $4,721,000 | $121,000 | $406,000 | $67,000 | $284,000 |
| Application Withdrawn By Applicant | 7 | $577,000 | $82,000 | $161,000 | $67,000 | $137,000 |
| Preapproval Approved but not Accepted | 6 | $564,000 | $94,000 | $140,000 | $52,000 | $100,000 |
| File Closed For Incompleteness | 2 | $83,000 | $41,000 | $57,000 | $68,000 | $96,000 |
| Loan Purchased By The Institution | 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 | 29 | $831,000 | $28,000 | $155,000 | $48,000 | $156,000 |
| Collateral | 9 | $715,000 | $79,000 | $151,000 | $55,000 | $122,000 |
| Debt-To-Income Ratio | 8 | $398,000 | $49,000 | $156,000 | $24,000 | $37,000 |
| Other | 4 | $196,000 | $49,000 | $91,000 | $82,000 | $122,000 |
| Credit Application Incomplete | 1 | $40,000 | $40,000 | $40,000 | $75,000 | $75,000 |
| Employment History | 1 | $27,000 | $27,000 | $27,000 | $54,000 | $54,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $41,000 | $41,000 | $41,000 | $15,000 | $15,000 |
| 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 2008 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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