F & M Bank Mortgage Lending & HMDA Data, 2018
In 2018, F & M Bank of Washington, GA reported 135 mortgage applications totaling $15.1 million, down 31% from 2017. The average application was for $111,518, and applicants reported an average income of $135,174. 89% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Augusta-Richmond County, GA-SC (64), Atlanta-Sandy Springs-Roswell, GA (5) and Athens-Clarke County, GA (3) (applications in parentheses).
| 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 | 135 |
| Total Mortgage Loan Application Amount | $15,055,000 |
| Average Mortgage Loan Application Amount | $111,518 |
| Highest Mortgage Loan Application Amount | $735,000 |
| Average Applicant Income | $135,174 |
| Highest Applicant Income | $1,066,000 |
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Act (HMDA) records F & M Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2018
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 | 57 | $8,445,000 | $148,000 | $735,000 | $120,000 | $1,066,000 |
| Home Purchase | 45 | $3,675,000 | $81,000 | $275,000 | $189,000 | $813,000 |
| Cash-out Refinancing | 17 | $1,825,000 | $107,000 | $545,000 | $89,000 | $218,000 |
| Home Improvement | 10 | $900,000 | $90,000 | $225,000 | $76,000 | $162,000 |
| Not Applicable | 3 | $125,000 | $41,000 | $65,000 | $0 | $0 |
| Other Purpose | 3 | $85,000 | $28,000 | $45,000 | $75,000 | $87,000 |
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 | 84 | $9,720,000 | $115,000 | $735,000 | $113,000 | $1,066,000 |
| Black or African American | 24 | $1,160,000 | $48,000 | $115,000 | $63,000 | $197,000 |
| Not applicable | 17 | $2,815,000 | $165,000 | $425,000 | $0 | $0 |
| Asian | 3 | $295,000 | $98,000 | $145,000 | $551,000 | $813,000 |
| Not Provided | 2 | $410,000 | $205,000 | $355,000 | $72,000 | $72,000 |
| American Indian or Alaskan Native | 1 | $55,000 | $55,000 | $55,000 | $9,000 | $9,000 |
| Hispanic | 0 | $0 | $0 | $0 | $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) | 135 | $15,055,000 | $111,000 | $735,000 | $132,000 | $1,066,000 |
| 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 | 120 | $13,160,000 | $109,000 | $725,000 | $137,000 | $1,066,000 |
| Application Denied By Financial Institution | 8 | $610,000 | $76,000 | $275,000 | $35,000 | $75,000 |
| Application Withdrawn By Applicant | 7 | $1,285,000 | $183,000 | $735,000 | $205,000 | $509,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 127 | $14,445,000 | $113,000 | $735,000 | $139,000 | $1,066,000 |
| Credit History | 5 | $205,000 | $41,000 | $75,000 | $31,000 | $39,000 |
| Debt-To-Income Ratio | 3 | $405,000 | $135,000 | $275,000 | $41,000 | $75,000 |
| 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 2018 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.
For a list of all lenders in Georgia, download the full spreadsheet
with aggregated HMDA statistics today.
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