Farmers & Mechanics Mortgage Lending & HMDA Data, 2020
In 2020, Farmers & Mechanics of Bloomfield, IN reported 102 mortgage applications totaling $17.8 million, up 240% from 2019. The average application was for $174,117, and applicants reported an average income of $98,549. 78% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Bloomington, IN (43), Indianapolis-Carmel-Anderson, IN (2) 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 | 102 |
| Total Mortgage Loan Application Amount | $17,760,000 |
| Average Mortgage Loan Application Amount | $174,117 |
| Highest Mortgage Loan Application Amount | $1,725,000 |
| Average Applicant Income | $98,549 |
| Highest Applicant Income | $425,000 |
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Act (HMDA) records Farmers & Mechanics filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Outside any metro area | 50 | $ 8,700,000 | $ 174,000 | $ 102,000 |
| Bloomington, IN | 43 | $ 7,765,000 | $ 180,581 | $ 101,000 |
| Indianapolis-Carmel-Anderson, IN | 2 | $ 340,000 | $ 170,000 | $ 108,000 |
| Terre Haute, IN | 2 | $ 90,000 | $ 45,000 | $ 28,000 |
Mortgage Loan Application Detail Totals for Farmers & Mechanics in 2020
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 | 41 | $5,785,000 | $141,000 | $405,000 | $105,000 | $425,000 |
| Home Purchase | 32 | $4,890,000 | $152,000 | $395,000 | $75,000 | $202,000 |
| Refinancing | 28 | $6,980,000 | $249,000 | $1,725,000 | $116,000 | $245,000 |
| Home Improvement | 1 | $105,000 | $105,000 | $105,000 | $99,000 | $99,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 95 | $16,585,000 | $174,000 | $1,725,000 | $101,000 | $425,000 |
| Not applicable | 5 | $785,000 | $157,000 | $355,000 | $70,000 | $104,000 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
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) | 102 | $17,760,000 | $174,000 | $1,725,000 | $99,000 | $425,000 |
| 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 | 80 | $14,970,000 | $187,000 | $1,725,000 | $107,000 | $425,000 |
| Application Denied By Financial Institution | 13 | $1,485,000 | $114,000 | $205,000 | $66,000 | $140,000 |
| Application Withdrawn By Applicant | 4 | $490,000 | $122,000 | $285,000 | $101,000 | $154,000 |
| File Closed For Incompleteness | 2 | $250,000 | $125,000 | $125,000 | $45,000 | $58,000 |
| Preapproval Approved but not Accepted | 2 | $530,000 | $265,000 | $355,000 | $77,000 | $104,000 |
| Application Approved But Not Accepted | 1 | $35,000 | $35,000 | $35,000 | $21,000 | $21,000 |
| Preapproval 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 | 102 | $17,760,000 | $174,000 | $1,725,000 | $99,000 | $425,000 |
| 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 2020 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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