Farmers & Mechanics Mortgage Lending & HMDA Data, 2025
In 2025, Farmers & Mechanics of Bloomfield, IN reported 121 mortgage applications totaling $23.0 million, up 22% from 2024. The average application was for $190,454, and applicants reported an average income of $101,421. 59% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Bloomington, IN (40), Indianapolis-Carmel-Anderson, IN (6) and Terre Haute, IN (4) (applications in parentheses).
| Mortgage Company & Address | Farmers & Mechanics 225 East Main Street Bloomfield, IN 47424 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 |
| Total Number of Mortgage Applications | 121 |
| Total Mortgage Loan Application Amount | $23,045,000 |
| Average Mortgage Loan Application Amount | $190,454 |
| Highest Mortgage Loan Application Amount | $945,000 |
| Average Applicant Income | $101,421 |
| Highest Applicant Income | $449,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Farmers & Mechanics filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Farmers & Mechanics in 2025
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 | 77 | $18,175,000 | $236,000 | $945,000 | $99,000 | $449,000 |
| Cash-out Refinancing | 16 | $1,880,000 | $117,000 | $365,000 | $86,000 | $262,000 |
| Other Purpose | 13 | $1,185,000 | $91,000 | $225,000 | $82,000 | $173,000 |
| Home Improvement | 6 | $160,000 | $26,000 | $45,000 | $103,000 | $147,000 |
| Refinancing | 5 | $1,355,000 | $271,000 | $545,000 | $209,000 | $368,000 |
| Not Applicable | 4 | $290,000 | $72,000 | $105,000 | $136,000 | $203,000 |
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 | 104 | $18,530,000 | $178,000 | $945,000 | $96,000 | $368,000 |
| Not applicable | 12 | $2,760,000 | $230,000 | $545,000 | $0 | $0 |
| Not Provided | 3 | $1,185,000 | $395,000 | $805,000 | $187,000 | $449,000 |
| Asian | 1 | $505,000 | $505,000 | $505,000 | $179,000 | $179,000 |
| Hispanic | 1 | $65,000 | $65,000 | $65,000 | $57,000 | $57,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 121 | $23,045,000 | $190,000 | $945,000 | $99,000 | $449,000 |
| 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 | 71 | $13,455,000 | $189,000 | $805,000 | $101,000 | $310,000 |
| Application Approved But Not Accepted | 24 | $5,070,000 | $211,000 | $945,000 | $107,000 | $449,000 |
| Application Denied By Financial Institution | 14 | $2,370,000 | $169,000 | $585,000 | $79,000 | $157,000 |
| Preapproval Approved but not Accepted | 5 | $1,095,000 | $219,000 | $455,000 | $82,000 | $128,000 |
| Preapproval Denied by Financial Institution | 4 | $330,000 | $82,000 | $105,000 | $38,000 | $50,000 |
| Application Withdrawn By Applicant | 2 | $420,000 | $210,000 | $215,000 | $262,000 | $262,000 |
| File Closed For Incompleteness | 1 | $305,000 | $305,000 | $305,000 | $139,000 | $139,000 |
| Loan Purchased By The 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 | 103 | $20,345,000 | $197,000 | $945,000 | $104,000 | $449,000 |
| Credit History | 9 | $1,305,000 | $145,000 | $375,000 | $80,000 | $157,000 |
| Debt-To-Income Ratio | 7 | $1,305,000 | $186,000 | $585,000 | $62,000 | $146,000 |
| Employment History | 1 | $25,000 | $25,000 | $25,000 | $55,000 | $55,000 |
| Collateral | 1 | $65,000 | $65,000 | $65,000 | $70,000 | $70,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 Farmers & Mechanics's 2025 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 & Mechanics'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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