F & M Bank Mortgage Lending & HMDA Data, 2016
In 2016, F & M Bank of Washington, GA reported 191 mortgage applications totaling $25.3 million, up 17% from 2015. The average application was for $132,534, and applicants reported an average income of $65,853. 88% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Augusta-Richmond County, GA-SC (66) and Athens-Clarke County, GA (1).
| Mortgage Company & Address | F & M Bank 911 East Robert Toombs Ave Washington, GA 30673 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 |
| Total Number of Mortgage Applications | 191 |
| Total Mortgage Loan Application Amount | $25,314,000 |
| Average Mortgage Loan Application Amount | $132,534 |
| Highest Mortgage Loan Application Amount | $4,224,000 |
| Average Applicant Income | $65,853 |
| Highest Applicant Income | $396,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records F & M Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 in 2016
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 | 127 | $16,805,000 | $132,000 | $4,224,000 | $62,000 | $393,000 |
| Home Purchase | 59 | $8,350,000 | $141,000 | $1,985,000 | $76,000 | $396,000 |
| Home Improvement | 5 | $159,000 | $31,000 | $59,000 | $44,000 | $82,000 |
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 | 119 | $12,132,000 | $101,000 | $552,000 | $77,000 | $396,000 |
| Black or African American | 32 | $2,953,000 | $92,000 | $960,000 | $52,000 | $213,000 |
| Not applicable | 22 | $8,105,000 | $368,000 | $4,224,000 | $18,000 | $174,000 |
| Not Provided | 13 | $1,664,000 | $128,000 | $525,000 | $70,000 | $219,000 |
| Hispanic | 4 | $426,000 | $106,000 | $320,000 | $74,000 | $105,000 |
| American Indian or Alaskan Native | 1 | $34,000 | $34,000 | $34,000 | $16,000 | $16,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiin 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) | 191 | $25,314,000 | $132,000 | $4,224,000 | $66,000 | $396,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 168 | $23,634,000 | $140,000 | $4,224,000 | $68,000 | $396,000 |
| Application Denied By Financial Institution | 14 | $1,032,000 | $73,000 | $220,000 | $53,000 | $144,000 |
| Application Withdrawn By Applicant | 9 | $648,000 | $72,000 | $170,000 | $42,000 | $94,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 |
| 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 | 9 | $663,000 | $73,000 | $220,000 | $56,000 | $144,000 |
| Debt-To-Income Ratio | 5 | $369,000 | $73,000 | $145,000 | $46,000 | $69,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 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's 2016 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'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.
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