Farmers & Mechanics Mortgage Lending & HMDA Data, 2019
In 2019, Farmers & Mechanics of Bloomfield, IN reported 30 mortgage applications totaling $3.9 million, up 30% from 2018. The average application was for $129,666, and applicants reported an average income of $97,933. 63% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Bloomington, IN (8) and Indianapolis-Carmel-Anderson, IN (1).
| 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 | 30 |
| Total Mortgage Loan Application Amount | $3,890,000 |
| Average Mortgage Loan Application Amount | $129,666 |
| Highest Mortgage Loan Application Amount | $325,000 |
| Average Applicant Income | $97,933 |
| Highest Applicant Income | $317,000 |
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Act (HMDA) records Farmers & Mechanics filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Greene, Indiana | 19 | $ 2,315,000 | $ 121,842 | $ 98,000 |
| Monroe, Indiana | 7 | $ 1,115,000 | $ 159,285 | $ 111,000 |
| Brown, Indiana | 1 | $ 165,000 | $ 165,000 | $ 107,000 |
| Owen, Indiana | 1 | $ 45,000 | $ 45,000 | $ 46,000 |
Mortgage Loan Application Detail Totals for Farmers & Mechanics in 2019
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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 14 | $1,970,000 | $140,000 | $325,000 | $98,000 | $161,000 |
| Home Purchase | 13 | $1,605,000 | $123,000 | $275,000 | $105,000 | $317,000 |
| Refinancing | 3 | $315,000 | $105,000 | $165,000 | $67,000 | $107,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Improvement | 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 | 29 | $3,715,000 | $128,000 | $325,000 | $98,000 | $317,000 |
| Not Provided | 1 | $175,000 | $175,000 | $175,000 | $105,000 | $105,000 |
| 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 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 30 | $3,890,000 | $129,000 | $325,000 | $98,000 | $317,000 |
| 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 | 19 | $2,265,000 | $119,000 | $285,000 | $103,000 | $317,000 |
| Application Withdrawn By Applicant | 4 | $600,000 | $150,000 | $325,000 | $95,000 | $158,000 |
| File Closed For Incompleteness | 3 | $445,000 | $148,000 | $175,000 | $100,000 | $105,000 |
| Preapproval Denied by Financial Institution | 2 | $250,000 | $125,000 | $205,000 | $75,000 | $110,000 |
| Preapproval Approved but not Accepted | 1 | $205,000 | $205,000 | $205,000 | $80,000 | $80,000 |
| Application Approved But Not Accepted | 1 | $125,000 | $125,000 | $125,000 | $60,000 | $60,000 |
| Application Denied By Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 30 | $3,890,000 | $129,000 | $325,000 | $98,000 | $317,000 |
| 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Farmers & Mechanics's 2019 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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with aggregated HMDA statistics today.
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