F & M Bank Mortgage Lending & HMDA Data, 2022
In 2022, F & M Bank of Washington, GA reported 133 mortgage applications totaling $20.4 million, down 34% from 2021. The average application was for $153,345, and applicants reported an average income of $102,984. 83% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Augusta-Richmond County, GA-SC (65), Athens-Clarke County, GA (6) and Atlanta-Sandy Springs-Roswell, GA (1) (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 | 133 |
| Total Mortgage Loan Application Amount | $20,395,000 |
| Average Mortgage Loan Application Amount | $153,345 |
| Highest Mortgage Loan Application Amount | $2,005,000 |
| Average Applicant Income | $102,984 |
| Highest Applicant Income | $1,063,000 |
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Act (HMDA) records F & M Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2022
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 57 | $11,595,000 | $203,000 | $2,005,000 | $95,000 | $309,000 |
| Refinancing | 56 | $7,130,000 | $127,000 | $605,000 | $96,000 | $374,000 |
| Home Improvement | 17 | $1,475,000 | $86,000 | $575,000 | $154,000 | $1,063,000 |
| Other Purpose | 3 | $195,000 | $65,000 | $115,000 | $96,000 | $155,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 73 | $9,615,000 | $131,000 | $605,000 | $111,000 | $1,063,000 |
| Black or African American | 26 | $2,020,000 | $77,000 | $405,000 | $85,000 | $234,000 |
| Not applicable | 25 | $7,675,000 | $307,000 | $2,005,000 | $0 | $0 |
| Hispanic | 4 | $290,000 | $72,000 | $145,000 | $102,000 | $120,000 |
| American Indian or Alaskan Native | 1 | $145,000 | $145,000 | $145,000 | $81,000 | $81,000 |
| Not Provided | 1 | $75,000 | $75,000 | $75,000 | $85,000 | $85,000 |
| Asian | 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) | 133 | $20,395,000 | $153,000 | $2,005,000 | $103,000 | $1,063,000 |
| 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 | 110 | $17,520,000 | $159,000 | $2,005,000 | $111,000 | $1,063,000 |
| Application Withdrawn By Applicant | 13 | $2,085,000 | $160,000 | $385,000 | $96,000 | $180,000 |
| Application Denied By Financial Institution | 10 | $790,000 | $79,000 | $155,000 | $48,000 | $109,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 133 | $20,395,000 | $153,000 | $2,005,000 | $103,000 | $1,063,000 |
| 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 |
| Not applicable | 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 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into F & M Bank's 2022 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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