F & M Bank Mortgage Lending & HMDA Data, 2023
In 2023, F & M Bank of Washington, GA reported 119 mortgage applications totaling $17.9 million, down 11% from 2022. The average application was for $150,546, and applicants reported an average income of $151,714. 79% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Augusta-Richmond County, GA-SC (62), Athens-Clarke County, GA (4) and Columbia, SC (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 | 119 |
| Total Mortgage Loan Application Amount | $17,915,000 |
| Average Mortgage Loan Application Amount | $150,546 |
| Highest Mortgage Loan Application Amount | $1,285,000 |
| Average Applicant Income | $151,714 |
| Highest Applicant Income | $2,460,000 |
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Act (HMDA) records F & M Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2023
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 | 54 | $8,170,000 | $151,000 | $1,285,000 | $186,000 | $2,460,000 |
| Home Purchase | 47 | $9,015,000 | $191,000 | $665,000 | $132,000 | $462,000 |
| Home Improvement | 10 | $310,000 | $31,000 | $65,000 | $99,000 | $300,000 |
| Other Purpose | 8 | $420,000 | $52,000 | $135,000 | $102,000 | $209,000 |
| 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 | 76 | $10,330,000 | $135,000 | $485,000 | $158,000 | $2,460,000 |
| Not applicable | 22 | $6,130,000 | $278,000 | $1,285,000 | $0 | $0 |
| Black or African American | 16 | $930,000 | $58,000 | $185,000 | $69,000 | $173,000 |
| Not Provided | 2 | $210,000 | $105,000 | $185,000 | $175,000 | $300,000 |
| Hispanic | 1 | $85,000 | $85,000 | $85,000 | $398,000 | $398,000 |
| American Indian or Alaskan Native | 1 | $25,000 | $25,000 | $25,000 | $0 | $0 |
| 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) | 119 | $17,915,000 | $150,000 | $1,285,000 | $146,000 | $2,460,000 |
| 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 | 94 | $14,800,000 | $157,000 | $1,285,000 | $167,000 | $2,460,000 |
| Application Withdrawn By Applicant | 18 | $2,380,000 | $132,000 | $455,000 | $101,000 | $300,000 |
| Application Denied By Financial Institution | 6 | $550,000 | $91,000 | $175,000 | $47,000 | $80,000 |
| Application Approved But Not Accepted | 1 | $185,000 | $185,000 | $185,000 | $126,000 | $126,000 |
| 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 | 119 | $17,915,000 | $150,000 | $1,285,000 | $146,000 | $2,460,000 |
| 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 2023 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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