Farmers & Mechanics Mortgage Lending & HMDA Data, 2024
In 2024, Farmers & Mechanics of Bloomfield, IN reported 99 mortgage applications totaling $17.4 million, up 11% from 2023. The average application was for $175,404, and applicants reported an average income of $100,898. 47% of its applications resulted in an originated loan and 24% were denied. Its largest markets were Bloomington, IN (21), Terre Haute, IN (5) and Indianapolis-Carmel-Anderson, 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 | $17,365,000 |
| Average Mortgage Loan Application Amount | $175,404 |
| Highest Mortgage Loan Application Amount | $915,000 |
| Average Applicant Income | $100,898 |
| Highest Applicant Income | $405,000 |
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Act (HMDA) records Farmers & Mechanics filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 71 | $ 10,575,000 | $ 148,943 | $ 92,971 |
| Bloomington, IN | 21 | $ 5,775,000 | $ 275,000 | $ 132,000 |
| Terre Haute, IN | 5 | $ 595,000 | $ 119,000 | $ 70,000 |
| Indianapolis-Carmel-Anderson, IN | 2 | $ 420,000 | $ 210,000 | $ 118,000 |
Mortgage Loan Application Detail Totals for Farmers & Mechanics in 2024
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 | 66 | $14,330,000 | $217,000 | $915,000 | $103,000 | $405,000 |
| Home Improvement | 11 | $455,000 | $41,000 | $125,000 | $101,000 | $381,000 |
| Other Purpose | 10 | $630,000 | $63,000 | $225,000 | $94,000 | $174,000 |
| Cash-out Refinancing | 9 | $1,385,000 | $153,000 | $325,000 | $108,000 | $276,000 |
| Refinancing | 3 | $565,000 | $188,000 | $335,000 | $56,000 | $78,000 |
| 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 | $16,905,000 | $174,000 | $915,000 | $101,000 | $405,000 |
| Black or African American | 2 | $460,000 | $230,000 | $255,000 | $99,000 | $153,000 |
| 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 |
| 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 |
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 | $17,365,000 | $175,000 | $915,000 | $101,000 | $405,000 |
| 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 | 47 | $8,985,000 | $191,000 | $915,000 | $122,000 | $388,000 |
| Application Denied By Financial Institution | 24 | $2,920,000 | $121,000 | $285,000 | $66,000 | $150,000 |
| Preapproval Denied by Financial Institution | 10 | $1,970,000 | $197,000 | $305,000 | $61,000 | $105,000 |
| Application Withdrawn By Applicant | 9 | $1,535,000 | $170,000 | $365,000 | $92,000 | $174,000 |
| Preapproval Approved but not Accepted | 6 | $1,330,000 | $221,000 | $655,000 | $129,000 | $405,000 |
| Application Approved But Not Accepted | 2 | $470,000 | $235,000 | $325,000 | $168,000 | $276,000 |
| File Closed For Incompleteness | 1 | $155,000 | $155,000 | $155,000 | $83,000 | $83,000 |
| 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 | 65 | $12,475,000 | $191,000 | $915,000 | $119,000 | $405,000 |
| Debt-To-Income Ratio | 18 | $3,120,000 | $173,000 | $295,000 | $54,000 | $105,000 |
| Credit History | 11 | $1,185,000 | $107,000 | $305,000 | $76,000 | $150,000 |
| Collateral | 2 | $40,000 | $20,000 | $25,000 | $82,000 | $95,000 |
| Employment History | 1 | $235,000 | $235,000 | $235,000 | $74,000 | $74,000 |
| Mortgage Insurance Denied | 1 | $235,000 | $235,000 | $235,000 | $107,000 | $107,000 |
| Other | 1 | $75,000 | $75,000 | $75,000 | $36,000 | $36,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 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 2024 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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