Farmers & Merchants Bank Mortgage Lending & HMDA Data, 2009
In 2009, Farmers & Merchants Bank of Timberville, VA reported 516 mortgage applications totaling $83.2 million, up 75% from 2008. The average application was for $161,232, and applicants reported an average income of $68,959. 98% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Harrisonburg, VA (380), Washington-Arlington-Alexandria, DC-VA-MD-WV (6) and Baltimore-Towson, MD (3) (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 | 516 |
| Total Mortgage Loan Application Amount | $83,196,000 |
| Average Mortgage Loan Application Amount | $161,232 |
| Highest Mortgage Loan Application Amount | $599,000 |
| Average Applicant Income | $68,959 |
| Highest Applicant Income | $419,000 |
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(HMDA) records Farmers & Merchants Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 327 | $ 53,639,000 | $ 164,033 | $ 70,000 |
| Harrisonburg, Virginia | 53 | $ 8,300,000 | $ 156,603 | $ 64,000 |
| Augusta, Virginia | 40 | $ 6,094,000 | $ 152,350 | $ 72,000 |
| Shenandoah, Virginia | 31 | $ 4,221,000 | $ 136,161 | $ 63,000 |
| Page, Virginia | 21 | $ 2,757,000 | $ 131,285 | $ 71,000 |
| Hardy, West Virginia | 16 | $ 2,429,000 | $ 151,812 | $ 50,000 |
| Staunton, Virginia | 6 | $ 579,000 | $ 96,500 | $ 31,000 |
| Anne Arundel, Maryland | 2 | $ 448,000 | $ 224,000 | $ 77,000 |
| Loudoun, Virginia | 2 | $ 308,000 | $ 154,000 | $ 84,000 |
| Howard, Maryland | 1 | $ 325,000 | $ 325,000 | $ 96,000 |
| Montgomery, Maryland | 1 | $ 338,000 | $ 338,000 | $ 102,000 |
| Pender, North Carolina | 1 | $ 504,000 | $ 504,000 | $ 0 |
| Albemarle, Virginia | 1 | $ 225,000 | $ 225,000 | $ 146,000 |
| Arlington, Virginia | 1 | $ 297,000 | $ 297,000 | $ 73,000 |
| Bedford, Virginia | 1 | $ 168,000 | $ 168,000 | $ 53,000 |
| Clarke, Virginia | 1 | $ 190,000 | $ 190,000 | $ 97,000 |
| Fairfax City, Virginia | 1 | $ 119,000 | $ 119,000 | $ 45,000 |
| Franklin, Virginia | 1 | $ 417,000 | $ 417,000 | $ 108,000 |
| Frederick, Virginia | 1 | $ 140,000 | $ 140,000 | $ 46,000 |
| Hanover, Virginia | 1 | $ 168,000 | $ 168,000 | $ 88,000 |
| Nelson, Virginia | 1 | $ 331,000 | $ 331,000 | $ 209,000 |
| Prince William, Virginia | 1 | $ 330,000 | $ 330,000 | $ 203,000 |
| Westmoreland, Virginia | 1 | $ 231,000 | $ 231,000 | $ 52,000 |
| Winchester, Virginia | 1 | $ 191,000 | $ 191,000 | $ 175,000 |
Mortgage Loan Application Detail Totals for Farmers & Merchants Bank in 2009
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 |
|---|---|---|---|---|---|---|
| Refinancing | 326 | $54,866,000 | $168,000 | $510,000 | $68,000 | $373,000 |
| Home Purchase | 155 | $25,741,000 | $166,000 | $599,000 | $73,000 | $419,000 |
| Home Improvement | 35 | $2,589,000 | $73,000 | $350,000 | $60,000 | $107,000 |
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 | 491 | $77,986,000 | $158,000 | $599,000 | $70,000 | $373,000 |
| Not applicable | 9 | $2,481,000 | $275,000 | $510,000 | $0 | $0 |
| Hispanic | 7 | $1,214,000 | $173,000 | $231,000 | $57,000 | $93,000 |
| Black or African American | 4 | $838,000 | $209,000 | $388,000 | $136,000 | $419,000 |
| Not Provided | 3 | $242,000 | $80,000 | $157,000 | $46,000 | $63,000 |
| Asian | 2 | $435,000 | $217,000 | $272,000 | $51,000 | $58,000 |
| American Indian or Alaskan Native | 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) | 498 | $80,184,000 | $161,000 | $599,000 | $69,000 | $419,000 |
| FHA-insured (Federal Housing Administration) | 18 | $3,012,000 | $167,000 | $263,000 | $57,000 | $151,000 |
| 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 | 508 | $81,967,000 | $161,000 | $599,000 | $69,000 | $419,000 |
| Application Denied By Financial Institution | 7 | $1,099,000 | $157,000 | $255,000 | $48,000 | $101,000 |
| Application Withdrawn By Applicant | 1 | $130,000 | $130,000 | $130,000 | $51,000 | $51,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Farmers & Merchants Bank's 2009 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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