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Act (HMDA) records F&M Bank - Iowa filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About