F&M Bank Mortgage Lending & HMDA Data, 2024
In 2024, F&M Bank of West Point, NE reported 34 mortgage applications totaling $4.9 million, down 47% from 2023. The average application was for $143,235, and applicants reported an average income of $132,205. 85% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Sioux City, IA-NE-SD (12) and Omaha-Council Bluffs, NE-IA (6).
| Mortgage Company & Address | F&M Bank 204 North Main Street West Point, NE 68788 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 |
| Total Number of Mortgage Applications | 34 |
| Total Mortgage Loan Application Amount | $4,870,000 |
| Average Mortgage Loan Application Amount | $143,235 |
| Highest Mortgage Loan Application Amount | $495,000 |
| Average Applicant Income | $132,205 |
| Highest Applicant Income | $870,000 |
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Disclosure Act (HMDA) records F&M Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Outside any metro area | 16 | $ 2,030,000 | $ 126,875 | $ 114,000 |
| Sioux City, IA-NE-SD | 12 | $ 1,230,000 | $ 102,500 | $ 71,000 |
| Omaha-Council Bluffs, NE-IA | 6 | $ 1,610,000 | $ 268,333 | $ 301,000 |
Mortgage Loan Application Detail Totals for F&M Bank in 2024
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 | 19 | $3,015,000 | $158,000 | $495,000 | $154,000 | $870,000 |
| Refinancing | 11 | $1,495,000 | $135,000 | $325,000 | $103,000 | $219,000 |
| Home Improvement | 4 | $360,000 | $90,000 | $205,000 | $109,000 | $158,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 17 | $2,885,000 | $169,000 | $495,000 | $144,000 | $870,000 |
| Hispanic | 9 | $805,000 | $89,000 | $185,000 | $102,000 | $219,000 |
| Not applicable | 8 | $1,180,000 | $147,000 | $325,000 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $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) | 34 | $4,870,000 | $143,000 | $495,000 | $130,000 | $870,000 |
| 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 | 29 | $4,285,000 | $147,000 | $495,000 | $133,000 | $870,000 |
| Application Approved But Not Accepted | 2 | $220,000 | $110,000 | $115,000 | $147,000 | $147,000 |
| Application Denied By Financial Institution | 2 | $160,000 | $80,000 | $135,000 | $51,000 | $51,000 |
| Application Withdrawn By Applicant | 1 | $205,000 | $205,000 | $205,000 | $109,000 | $109,000 |
| 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 | 34 | $4,870,000 | $143,000 | $495,000 | $130,000 | $870,000 |
| 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 2024 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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