Farmers & Merchants Bank Mortgage Lending & HMDA Data, 2025
In 2025, Farmers & Merchants Bank of Timberville, VA reported 466 mortgage applications totaling $145.2 million, down 6% from 2024. The average application was for $311,545, and applicants reported an average income of $124,275. 72% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Harrisonburg, VA (247), Staunton-Waynesboro, VA (81) and Winchester, VA-WV (18) (applications in parentheses).
| Mortgage Company & Address | Farmers & Merchants Bank Po Box 1111 Timberville, VA 22853 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 466 |
| Total Mortgage Loan Application Amount | $145,180,000 |
| Average Mortgage Loan Application Amount | $311,545 |
| Highest Mortgage Loan Application Amount | $1,115,000 |
| Average Applicant Income | $124,275 |
| Highest Applicant Income | $1,157,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Farmers & Merchants Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Rockingham, Virginia | 197 | $ 59,895,000 | $ 304,035 | $ 119,000 |
| Augusta, Virginia | 56 | $ 18,780,000 | $ 335,357 | $ 107,000 |
| Harrisonburg, Virginia | 50 | $ 12,680,000 | $ 253,600 | $ 116,000 |
| Shenandoah, Virginia | 36 | $ 10,400,000 | $ 288,888 | $ 108,000 |
| Page, Virginia | 19 | $ 4,875,000 | $ 256,578 | $ 139,000 |
| Waynesboro, Virginia | 16 | $ 3,590,000 | $ 224,375 | $ 83,000 |
| Frederick, Virginia | 11 | $ 3,665,000 | $ 333,181 | $ 143,000 |
| Staunton, Virginia | 9 | $ 1,975,000 | $ 219,444 | $ 138,000 |
| Albemarle, Virginia | 6 | $ 2,460,000 | $ 410,000 | $ 137,000 |
| Winchester, Virginia | 6 | $ 2,330,000 | $ 388,333 | $ 110,000 |
| Warren, Virginia | 5 | $ 2,595,000 | $ 519,000 | $ 170,000 |
| Clarke, Virginia | 4 | $ 1,630,000 | $ 407,500 | $ 126,000 |
| Rockbridge, Virginia | 3 | $ 1,585,000 | $ 528,333 | $ 201,000 |
| Bedford, Virginia | 2 | $ 1,090,000 | $ 545,000 | $ 177,000 |
| Henrico, Virginia | 2 | $ 510,000 | $ 255,000 | $ 84,000 |
| Nelson, Virginia | 2 | $ 750,000 | $ 375,000 | $ 139,000 |
| Craven, North Carolina | 1 | $ 165,000 | $ 165,000 | $ 200,000 |
| Dare, North Carolina | 1 | $ 415,000 | $ 415,000 | $ 579,000 |
| Mecklenburg, North Carolina | 1 | $ 705,000 | $ 705,000 | $ 351,000 |
| Union, North Carolina | 1 | $ 515,000 | $ 515,000 | $ 190,000 |
| Buckingham, Virginia | 1 | $ 315,000 | $ 315,000 | $ 108,000 |
| Buena Vista, Virginia | 1 | $ 245,000 | $ 245,000 | $ 65,000 |
| Charlottesville, Virginia | 1 | $ 385,000 | $ 385,000 | $ 138,000 |
| Chesterfield, Virginia | 1 | $ 365,000 | $ 365,000 | $ 121,000 |
| Craig, Virginia | 1 | $ 255,000 | $ 255,000 | $ 95,000 |
| Fairfax, Virginia | 1 | $ 445,000 | $ 445,000 | $ 99,000 |
| Fauquier, Virginia | 1 | $ 165,000 | $ 165,000 | $ 105,000 |
| Franklin, Virginia | 1 | $ 465,000 | $ 465,000 | $ 165,000 |
| Greene, Virginia | 1 | $ 225,000 | $ 225,000 | $ 72,000 |
| Highland, Virginia | 1 | $ 255,000 | $ 255,000 | $ 114,000 |
| Isle of Wight, Virginia | 1 | $ 305,000 | $ 305,000 | $ 62,000 |
| Louisa, Virginia | 1 | $ 215,000 | $ 215,000 | $ 82,000 |
| Mathews, Virginia | 1 | $ 355,000 | $ 355,000 | $ 1,157,000 |
| Montgomery, Virginia | 1 | $ 475,000 | $ 475,000 | $ 207,000 |
| New Kent, Virginia | 1 | $ 345,000 | $ 345,000 | $ 120,000 |
| Northampton, Virginia | 1 | $ 505,000 | $ 505,000 | $ 291,000 |
| Patrick, Virginia | 1 | $ 225,000 | $ 225,000 | $ 135,000 |
| Roanoke, Virginia | 1 | $ 365,000 | $ 365,000 | $ 119,000 |
| Spotsylvania, Virginia | 1 | $ 805,000 | $ 805,000 | $ 0 |
| Berkeley, West Virginia | 1 | $ 565,000 | $ 565,000 | $ 286,000 |
| Hampshire, West Virginia | 1 | $ 135,000 | $ 135,000 | $ 55,000 |
| Hardy, West Virginia | 1 | $ 555,000 | $ 555,000 | $ 304,000 |
| Kanawha, West Virginia | 1 | $ 85,000 | $ 85,000 | $ 25,000 |
| Pendleton, West Virginia | 1 | $ 275,000 | $ 275,000 | $ 426,000 |
Mortgage Loan Application Detail Totals for Farmers & Merchants Bank 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 | 343 | $110,555,000 | $322,000 | $1,115,000 | $126,000 | $1,157,000 |
| Refinancing | 73 | $23,755,000 | $325,000 | $805,000 | $129,000 | $370,000 |
| Cash-out Refinancing | 38 | $9,090,000 | $239,000 | $735,000 | $105,000 | $388,000 |
| Not Applicable | 5 | $1,305,000 | $261,000 | $685,000 | $0 | $0 |
| Other Purpose | 4 | $300,000 | $75,000 | $165,000 | $81,000 | $166,000 |
| Home Improvement | 3 | $175,000 | $58,000 | $85,000 | $114,000 | $165,000 |
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 | 373 | $119,795,000 | $321,000 | $1,115,000 | $130,000 | $1,157,000 |
| Hispanic | 60 | $14,890,000 | $248,000 | $645,000 | $89,000 | $288,000 |
| Black or African American | 15 | $4,805,000 | $320,000 | $615,000 | $115,000 | $230,000 |
| Not applicable | 9 | $3,245,000 | $360,000 | $805,000 | $0 | $0 |
| Asian | 6 | $1,810,000 | $301,000 | $565,000 | $151,000 | $525,000 |
| American Indian or Alaskan Native | 2 | $540,000 | $270,000 | $365,000 | $81,000 | $106,000 |
| Not Provided | 1 | $95,000 | $95,000 | $95,000 | $142,000 | $142,000 |
| 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) | 411 | $128,735,000 | $313,000 | $1,115,000 | $128,000 | $1,157,000 |
| FHA-insured (Federal Housing Administration) | 48 | $14,130,000 | $294,000 | $455,000 | $94,000 | $175,000 |
| VA-guaranteed (Veterans Administration) | 5 | $1,805,000 | $361,000 | $515,000 | $118,000 | $232,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $510,000 | $255,000 | $275,000 | $87,000 | $93,000 |
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 | 334 | $104,990,000 | $314,000 | $1,115,000 | $128,000 | $1,157,000 |
| Application Withdrawn By Applicant | 76 | $23,950,000 | $315,000 | $955,000 | $112,000 | $370,000 |
| Application Approved But Not Accepted | 38 | $11,970,000 | $315,000 | $735,000 | $129,000 | $782,000 |
| Application Denied By Financial Institution | 14 | $3,510,000 | $250,000 | $615,000 | $97,000 | $350,000 |
| File Closed For Incompleteness | 4 | $760,000 | $190,000 | $215,000 | $69,000 | $99,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial 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 | 452 | $141,670,000 | $313,000 | $1,115,000 | $125,000 | $1,157,000 |
| Debt-To-Income Ratio | 8 | $2,450,000 | $306,000 | $615,000 | $115,000 | $350,000 |
| Credit History | 3 | $495,000 | $165,000 | $265,000 | $66,000 | $133,000 |
| Collateral | 2 | $290,000 | $145,000 | $205,000 | $59,000 | $93,000 |
| Unverifiable Information | 1 | $275,000 | $275,000 | $275,000 | $117,000 | $117,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Farmers & Merchants Bank'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 & Merchants Bank'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.
For a list of all lenders in Virginia, download the full spreadsheet
with aggregated HMDA statistics today.
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