F&M Bank Mortgage Lending & HMDA Data, 2024
In 2024, F&M Bank of Edmond, OK reported 462 mortgage applications totaling $111.7 million, up 2% from 2023. The average application was for $241,774, and applicants reported an average income of $151,601. 79% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Oklahoma City, OK (345), San Angelo, TX (4) and Tulsa, OK (3) (applications in parentheses).
| Mortgage Company & Address | F&M Bank 17100 N May Ave Edmond, OK 73012 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 2009 2008 2007 2006 2005 |
| Total Number of Mortgage Applications | 462 |
| Total Mortgage Loan Application Amount | $111,700,000 |
| Average Mortgage Loan Application Amount | $241,774 |
| Highest Mortgage Loan Application Amount | $765,000 |
| Average Applicant Income | $151,601 |
| Highest Applicant Income | $2,978,000 |
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Disclosure Act (HMDA) records F&M Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 | 330 | $81,020,000 | $245,000 | $765,000 | $154,000 | $2,978,000 |
| Refinancing | 76 | $21,320,000 | $280,000 | $765,000 | $154,000 | $460,000 |
| Cash-out Refinancing | 34 | $6,220,000 | $182,000 | $605,000 | $116,000 | $519,000 |
| Home Improvement | 13 | $1,865,000 | $143,000 | $355,000 | $191,000 | $834,000 |
| Other Purpose | 9 | $1,275,000 | $141,000 | $325,000 | $121,000 | $240,000 |
| 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 | 312 | $77,300,000 | $247,000 | $765,000 | $161,000 | $2,978,000 |
| Not applicable | 40 | $7,030,000 | $175,000 | $665,000 | $0 | $0 |
| Hispanic | 28 | $6,080,000 | $217,000 | $505,000 | $124,000 | $490,000 |
| American Indian or Alaskan Native | 26 | $6,840,000 | $263,000 | $445,000 | $116,000 | $270,000 |
| Not Provided | 21 | $6,495,000 | $309,000 | $705,000 | $114,000 | $187,000 |
| Black or African American | 21 | $4,735,000 | $225,000 | $675,000 | $138,000 | $275,000 |
| Asian | 14 | $3,220,000 | $230,000 | $555,000 | $126,000 | $376,000 |
| 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) | 346 | $83,430,000 | $241,000 | $765,000 | $172,000 | $2,978,000 |
| FHA-insured (Federal Housing Administration) | 72 | $16,100,000 | $223,000 | $505,000 | $90,000 | $218,000 |
| VA-guaranteed (Veterans Administration) | 33 | $10,455,000 | $316,000 | $765,000 | $116,000 | $287,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 11 | $1,715,000 | $155,000 | $235,000 | $63,000 | $107,000 |
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 | 366 | $89,770,000 | $245,000 | $765,000 | $145,000 | $1,805,000 |
| Application Withdrawn By Applicant | 60 | $13,470,000 | $224,000 | $565,000 | $140,000 | $530,000 |
| Application Denied By Financial Institution | 17 | $3,475,000 | $204,000 | $685,000 | $250,000 | $2,978,000 |
| Application Approved But Not Accepted | 11 | $2,795,000 | $254,000 | $705,000 | $265,000 | $1,721,000 |
| File Closed For Incompleteness | 7 | $2,085,000 | $297,000 | $705,000 | $119,000 | $231,000 |
| Loan Purchased By The Institution | 1 | $105,000 | $105,000 | $105,000 | $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 |
|---|---|---|---|---|---|---|
| Not applicable | 445 | $108,225,000 | $243,000 | $765,000 | $147,000 | $1,805,000 |
| Credit History | 9 | $1,805,000 | $200,000 | $525,000 | $96,000 | $277,000 |
| Debt-To-Income Ratio | 5 | $685,000 | $137,000 | $195,000 | $49,000 | $64,000 |
| Other | 1 | $145,000 | $145,000 | $145,000 | $63,000 | $63,000 |
| Unverifiable Information | 1 | $685,000 | $685,000 | $685,000 | $2,978,000 | $2,978,000 |
| Credit Application Incomplete | 1 | $155,000 | $155,000 | $155,000 | $109,000 | $109,000 |
| Collateral | 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 |
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.
For a list of all lenders in Oklahoma, download the full spreadsheet
with aggregated HMDA statistics today.
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