Farmers & Stockmens Bank Mortgage Lending & HMDA Data, 2016
In 2016, Farmers & Stockmens Bank of Clayton, NM reported 675 mortgage applications totaling $195.8 million, up 42% from 2015. The average application was for $290,008, and applicants reported an average income of $107,531. 75% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Colorado Springs, CO (571), Denver-Aurora-Lakewood, CO (22) and Pueblo, CO (8) (applications in parentheses).
| Mortgage Company & Address | Farmers & Stockmens Bank 22 Maple Street Clayton, NM 88415 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 |
| Total Number of Mortgage Applications | 675 |
| Total Mortgage Loan Application Amount | $195,756,000 |
| Average Mortgage Loan Application Amount | $290,008 |
| Highest Mortgage Loan Application Amount | $1,796,000 |
| Average Applicant Income | $107,531 |
| Highest Applicant Income | $1,470,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Farmers & Stockmens Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| El Paso, Colorado | 570 | $ 175,414,000 | $ 307,743 | $ 111,000 |
| Fremont, Colorado | 46 | $ 7,679,000 | $ 166,934 | $ 71,000 |
| Union, New Mexico | 17 | $ 466,000 | $ 27,411 | $ 54,000 |
| Denver, Colorado | 8 | $ 2,470,000 | $ 308,750 | $ 190,000 |
| Pueblo, Colorado | 8 | $ 1,198,000 | $ 149,750 | $ 86,000 |
| Douglas, Colorado | 7 | $ 3,050,000 | $ 435,714 | $ 198,000 |
| Jefferson, Colorado | 4 | $ 1,103,000 | $ 275,750 | $ 81,000 |
| Colfax, New Mexico | 3 | $ 620,000 | $ 206,666 | $ 74,000 |
| Arapahoe, Colorado | 2 | $ 308,000 | $ 154,000 | $ 61,000 |
| Orange, California | 1 | $ 1,796,000 | $ 1,796,000 | $ 0 |
| Adams, Colorado | 1 | $ 160,000 | $ 160,000 | $ 120,000 |
| Chaffee, Colorado | 1 | $ 150,000 | $ 150,000 | $ 149,000 |
| Custer, Colorado | 1 | $ 149,000 | $ 149,000 | $ 50,000 |
| Rio Grande, Colorado | 1 | $ 131,000 | $ 131,000 | $ 32,000 |
| Teller, Colorado | 1 | $ 198,000 | $ 198,000 | $ 79,000 |
| Weld, Colorado | 1 | $ 231,000 | $ 231,000 | $ 143,000 |
| Taos, New Mexico | 1 | $ 135,000 | $ 135,000 | $ 86,000 |
| Dallam, Texas | 1 | $ 399,000 | $ 399,000 | $ 0 |
| McLennan, Texas | 1 | $ 99,000 | $ 99,000 | $ 78,000 |
Mortgage Loan Application Detail Totals for Farmers & Stockmens Bank in 2016
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 | 551 | $163,924,000 | $297,000 | $1,004,000 | $110,000 | $1,470,000 |
| Refinancing | 102 | $29,523,000 | $289,000 | $1,796,000 | $101,000 | $321,000 |
| Home Improvement | 22 | $2,309,000 | $104,000 | $417,000 | $76,000 | $149,000 |
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 | 508 | $144,637,000 | $284,000 | $1,004,000 | $109,000 | $720,000 |
| Not Provided | 56 | $18,845,000 | $336,000 | $517,000 | $115,000 | $300,000 |
| Hispanic | 54 | $11,772,000 | $218,000 | $683,000 | $72,000 | $223,000 |
| Black or African American | 22 | $6,954,000 | $316,000 | $531,000 | $97,000 | $240,000 |
| Asian | 21 | $7,371,000 | $351,000 | $840,000 | $172,000 | $1,470,000 |
| Native Hawaiin or Other Pacific Islander | 8 | $2,774,000 | $346,000 | $585,000 | $101,000 | $193,000 |
| Not applicable | 3 | $2,707,000 | $902,000 | $1,796,000 | $0 | $0 |
| American Indian or Alaskan Native | 3 | $696,000 | $232,000 | $365,000 | $69,000 | $92,000 |
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) | 377 | $102,087,000 | $270,000 | $1,796,000 | $117,000 | $1,470,000 |
| VA-guaranteed (Veterans Administration) | 234 | $81,403,000 | $347,000 | $1,004,000 | $105,000 | $301,000 |
| FHA-insured (Federal Housing Administration) | 51 | $10,308,000 | $202,000 | $318,000 | $62,000 | $136,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 13 | $1,958,000 | $150,000 | $234,000 | $47,000 | $97,000 |
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 | 505 | $145,805,000 | $288,000 | $1,796,000 | $105,000 | $1,470,000 |
| Application Withdrawn By Applicant | 129 | $40,495,000 | $313,000 | $1,004,000 | $124,000 | $465,000 |
| Application Denied By Financial Institution | 30 | $6,596,000 | $219,000 | $417,000 | $92,000 | $720,000 |
| Application Approved But Not Accepted | 9 | $2,083,000 | $231,000 | $375,000 | $79,000 | $121,000 |
| File Closed For Incompleteness | 2 | $777,000 | $388,000 | $417,000 | $148,000 | $150,000 |
| 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 Farmers & Stockmens Bank's 2016 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 Farmers & Stockmens 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 New Mexico, download the full spreadsheet
with aggregated HMDA statistics today.
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