F&M Bank Mortgage Lending & HMDA Data, 2015
In 2015, F&M Bank of West Point, NE reported 47 mortgage applications totaling $8.8 million, down 11% from 2014. The average application was for $186,680, and applicants reported an average income of $85,489. 87% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Sioux City, IA-NE-SD (18), Omaha-Council Bluffs, NE-IA (12) and Las Vegas-Henderson-Paradise, NV (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 | 47 |
| Total Mortgage Loan Application Amount | $8,774,000 |
| Average Mortgage Loan Application Amount | $186,680 |
| Highest Mortgage Loan Application Amount | $2,500,000 |
| Average Applicant Income | $85,489 |
| Highest Applicant Income | $374,000 |
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Disclosure Act (HMDA) records F&M Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Dakota, Nebraska | 12 | $ 1,134,000 | $ 94,500 | $ 118,000 |
| Sarpy, Nebraska | 7 | $ 927,000 | $ 132,428 | $ 133,000 |
| Douglas, Nebraska | 5 | $ 416,000 | $ 83,200 | $ 19,000 |
| Woodbury, Iowa | 3 | $ 203,000 | $ 67,666 | $ 81,000 |
| Dixon, Nebraska | 2 | $ 169,000 | $ 84,500 | $ 0 |
| Plymouth, Iowa | 1 | $ 37,000 | $ 37,000 | $ 131,000 |
| Clark, Nevada | 1 | $ 200,000 | $ 200,000 | $ 30,000 |
Mortgage Loan Application Detail Totals for F&M Bank in 2015
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 | 29 | $7,381,000 | $254,000 | $2,500,000 | $104,000 | $374,000 |
| Home Purchase | 16 | $1,353,000 | $84,000 | $185,000 | $49,000 | $131,000 |
| Home Improvement | 2 | $40,000 | $20,000 | $20,000 | $109,000 | $117,000 |
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 | 38 | $7,748,000 | $203,000 | $2,500,000 | $99,000 | $374,000 |
| Not applicable | 4 | $621,000 | $155,000 | $360,000 | $0 | $0 |
| Hispanic | 4 | $220,000 | $55,000 | $100,000 | $45,000 | $77,000 |
| Asian | 1 | $185,000 | $185,000 | $185,000 | $65,000 | $65,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 47 | $8,774,000 | $186,000 | $2,500,000 | $85,000 | $374,000 |
| 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 | 41 | $7,938,000 | $193,000 | $2,500,000 | $81,000 | $374,000 |
| Application Withdrawn By Applicant | 4 | $616,000 | $154,000 | $300,000 | $157,000 | $341,000 |
| Application Denied By Financial Institution | 2 | $220,000 | $110,000 | $200,000 | $37,000 | $45,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 2015 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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