F&M Bank Mortgage Lending & HMDA Data, 2012
In 2012, F&M Bank of West Point, NE reported 74 mortgage applications totaling $6.9 million, down 24% from 2011. The average application was for $93,256, and applicants reported an average income of $71,851. 54% of its applications resulted in an originated loan and 26% were denied. Its largest markets were Omaha-Council Bluffs, NE-IA (14), Sioux City, IA-NE-SD (11) and Lincoln, NE (1) (applications in parentheses).
| 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 | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 |
| Total Number of Mortgage Applications | 74 |
| Total Mortgage Loan Application Amount | $6,901,000 |
| Average Mortgage Loan Application Amount | $93,256 |
| Highest Mortgage Loan Application Amount | $550,000 |
| Average Applicant Income | $71,851 |
| Highest Applicant Income | $462,000 |
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Disclosure Act (HMDA) records F&M Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Douglas, Nebraska | 8 | $ 1,178,000 | $ 147,250 | $ 76,000 |
| Dakota, Nebraska | 7 | $ 605,000 | $ 86,428 | $ 39,000 |
| Sarpy, Nebraska | 5 | $ 508,000 | $ 101,600 | $ 112,000 |
| Woodbury, Iowa | 4 | $ 174,000 | $ 43,500 | $ 32,000 |
| Lancaster, Nebraska | 1 | $ 225,000 | $ 225,000 | $ 120,000 |
| Saunders, Nebraska | 1 | $ 64,000 | $ 64,000 | $ 24,000 |
Mortgage Loan Application Detail Totals for F&M Bank in 2012
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 | 39 | $3,938,000 | $100,000 | $550,000 | $72,000 | $336,000 |
| Home Purchase | 27 | $2,698,000 | $99,000 | $450,000 | $71,000 | $462,000 |
| Home Improvement | 8 | $265,000 | $33,000 | $72,000 | $74,000 | $257,000 |
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 | 60 | $5,677,000 | $94,000 | $550,000 | $81,000 | $462,000 |
| Hispanic | 8 | $345,000 | $43,000 | $86,000 | $40,000 | $67,000 |
| Not applicable | 4 | $578,000 | $144,000 | $450,000 | $0 | $0 |
| Not Provided | 2 | $301,000 | $150,000 | $225,000 | $60,000 | $120,000 |
| 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) | 73 | $6,864,000 | $94,000 | $550,000 | $72,000 | $462,000 |
| FHA-insured (Federal Housing Administration) | 1 | $37,000 | $37,000 | $37,000 | $38,000 | $38,000 |
| 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 | 40 | $3,763,000 | $94,000 | $550,000 | $82,000 | $462,000 |
| Application Denied By Financial Institution | 19 | $1,121,000 | $59,000 | $142,000 | $43,000 | $194,000 |
| Application Withdrawn By Applicant | 12 | $1,587,000 | $132,000 | $225,000 | $76,000 | $120,000 |
| Application Approved But Not Accepted | 3 | $430,000 | $143,000 | $212,000 | $100,000 | $119,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into F&M Bank's 2012 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 Nebraska, download the full spreadsheet
with aggregated HMDA statistics today.
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