Farmers & Mechanics Mortgage Lending & HMDA Data, 2022
In 2022, Farmers & Mechanics of Bloomfield, IN reported 99 mortgage applications totaling $18.4 million, up 2% from 2021. The average application was for $186,212, and applicants reported an average income of $103,484. 60% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Bloomington, IN (17), Indianapolis-Carmel-Anderson, IN (8) and Terre Haute, IN (2) (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 | 99 |
| Total Mortgage Loan Application Amount | $18,435,000 |
| Average Mortgage Loan Application Amount | $186,212 |
| Highest Mortgage Loan Application Amount | $765,000 |
| Average Applicant Income | $103,484 |
| Highest Applicant Income | $667,000 |
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Act (HMDA) records Farmers & Mechanics filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 55 | $ 8,755,000 | $ 159,181 | $ 97,000 |
| Monroe, Indiana | 15 | $ 4,425,000 | $ 295,000 | $ 142,000 |
| Brown, Indiana | 6 | $ 1,010,000 | $ 168,333 | $ 125,000 |
| Lawrence, Indiana | 4 | $ 830,000 | $ 207,500 | $ 130,000 |
| Knox, Indiana | 2 | $ 330,000 | $ 165,000 | $ 117,000 |
| Morgan, Indiana | 2 | $ 210,000 | $ 105,000 | $ 80,000 |
| Owen, Indiana | 2 | $ 690,000 | $ 345,000 | $ 132,000 |
| Clay, Indiana | 1 | $ 45,000 | $ 45,000 | $ 44,000 |
| Daviess, Indiana | 1 | $ 105,000 | $ 105,000 | $ 93,000 |
| Jackson, Indiana | 1 | $ 305,000 | $ 305,000 | $ 100,000 |
| Sullivan, Indiana | 1 | $ 235,000 | $ 235,000 | $ 86,000 |
Mortgage Loan Application Detail Totals for Farmers & Mechanics in 2022
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 | 63 | $14,895,000 | $236,000 | $765,000 | $114,000 | $667,000 |
| Cash-out Refinancing | 19 | $2,245,000 | $118,000 | $255,000 | $77,000 | $156,000 |
| Other Purpose | 9 | $585,000 | $65,000 | $145,000 | $100,000 | $279,000 |
| Home Improvement | 5 | $445,000 | $89,000 | $125,000 | $86,000 | $155,000 |
| Refinancing | 3 | $265,000 | $88,000 | $125,000 | $90,000 | $117,000 |
| 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 | 97 | $18,155,000 | $187,000 | $765,000 | $104,000 | $667,000 |
| Not Provided | 2 | $280,000 | $140,000 | $205,000 | $70,000 | $75,000 |
| 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) | 99 | $18,435,000 | $186,000 | $765,000 | $103,000 | $667,000 |
| 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 | 59 | $10,775,000 | $182,000 | $765,000 | $109,000 | $667,000 |
| Application Denied By Financial Institution | 18 | $3,080,000 | $171,000 | $505,000 | $87,000 | $266,000 |
| Preapproval Approved but not Accepted | 7 | $1,175,000 | $167,000 | $305,000 | $66,000 | $115,000 |
| Application Approved But Not Accepted | 6 | $1,850,000 | $308,000 | $585,000 | $169,000 | $489,000 |
| Application Withdrawn By Applicant | 6 | $1,210,000 | $201,000 | $375,000 | $106,000 | $177,000 |
| Preapproval Denied by Financial Institution | 3 | $345,000 | $115,000 | $205,000 | $45,000 | $85,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 78 | $15,010,000 | $192,000 | $765,000 | $109,000 | $667,000 |
| Credit History | 11 | $1,375,000 | $125,000 | $285,000 | $84,000 | $266,000 |
| Debt-To-Income Ratio | 7 | $1,505,000 | $215,000 | $505,000 | $81,000 | $230,000 |
| Other | 2 | $500,000 | $250,000 | $315,000 | $89,000 | $144,000 |
| Employment History | 1 | $45,000 | $45,000 | $45,000 | $40,000 | $40,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Farmers & Mechanics's 2022 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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