Farmers & Merchants Bank Mortgage Lending & HMDA Data, 2010
In 2010, Farmers & Merchants Bank of Timberville, VA reported 532 mortgage applications totaling $84.5 million, up 3% from 2009. The average application was for $158,845, and applicants reported an average income of $69,866. 89% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Harrisonburg, VA (360), Washington-Arlington-Alexandria, DC-VA-MD-WV (6) and Winchester, VA-WV (4) (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 | 532 |
| Total Mortgage Loan Application Amount | $84,506,000 |
| Average Mortgage Loan Application Amount | $158,845 |
| Highest Mortgage Loan Application Amount | $560,000 |
| Average Applicant Income | $69,866 |
| Highest Applicant Income | $518,000 |
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(HMDA) records Farmers & Merchants Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 291 | $ 46,188,000 | $ 158,721 | $ 69,000 |
| Shenandoah, Virginia | 72 | $ 10,830,000 | $ 150,416 | $ 71,000 |
| Harrisonburg, Virginia | 69 | $ 11,569,000 | $ 167,666 | $ 85,000 |
| Augusta, Virginia | 45 | $ 7,394,000 | $ 164,311 | $ 58,000 |
| Page, Virginia | 16 | $ 2,174,000 | $ 135,875 | $ 42,000 |
| Hardy, West Virginia | 11 | $ 1,147,000 | $ 104,272 | $ 56,000 |
| Frederick, Virginia | 2 | $ 255,000 | $ 127,500 | $ 94,000 |
| Roanoke City, Virginia | 2 | $ 324,000 | $ 162,000 | $ 41,000 |
| Staunton, Virginia | 2 | $ 280,000 | $ 140,000 | $ 70,000 |
| Waynesboro, Virginia | 2 | $ 356,000 | $ 178,000 | $ 57,000 |
| Alexandria, Virginia | 1 | $ 560,000 | $ 560,000 | $ 235,000 |
| Bath, Virginia | 1 | $ 95,000 | $ 95,000 | $ 32,000 |
| Bedford, Virginia | 1 | $ 413,000 | $ 413,000 | $ 221,000 |
| Bedford City, Virginia | 1 | $ 146,000 | $ 146,000 | $ 40,000 |
| Campbell, Virginia | 1 | $ 77,000 | $ 77,000 | $ 40,000 |
| Chesterfield, Virginia | 1 | $ 195,000 | $ 195,000 | $ 99,000 |
| Culpeper, Virginia | 1 | $ 105,000 | $ 105,000 | $ 25,000 |
| Fairfax, Virginia | 1 | $ 245,000 | $ 245,000 | $ 136,000 |
| Halifax, Virginia | 1 | $ 164,000 | $ 164,000 | $ 64,000 |
| Loudoun, Virginia | 1 | $ 400,000 | $ 400,000 | $ 107,000 |
| Louisa, Virginia | 1 | $ 104,000 | $ 104,000 | $ 68,000 |
| Pittsylvania, Virginia | 1 | $ 219,000 | $ 219,000 | $ 90,000 |
| Prince William, Virginia | 1 | $ 147,000 | $ 147,000 | $ 50,000 |
| Rockbridge, Virginia | 1 | $ 109,000 | $ 109,000 | $ 64,000 |
| Spotsylvania, Virginia | 1 | $ 230,000 | $ 230,000 | $ 67,000 |
| Warren, Virginia | 1 | $ 288,000 | $ 288,000 | $ 60,000 |
| Westmoreland, Virginia | 1 | $ 145,000 | $ 145,000 | $ 36,000 |
| Winchester, Virginia | 1 | $ 91,000 | $ 91,000 | $ 26,000 |
| Hampshire, West Virginia | 1 | $ 90,000 | $ 90,000 | $ 70,000 |
| Tucker, West Virginia | 1 | $ 166,000 | $ 166,000 | $ 146,000 |
Mortgage Loan Application Detail Totals for Farmers & Merchants Bank in 2010
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 | 283 | $43,544,000 | $153,000 | $560,000 | $66,000 | $413,000 |
| Home Purchase | 226 | $38,988,000 | $172,000 | $434,000 | $75,000 | $518,000 |
| Home Improvement | 23 | $1,974,000 | $85,000 | $359,000 | $67,000 | $121,000 |
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 | 510 | $80,563,000 | $157,000 | $560,000 | $71,000 | $518,000 |
| Not applicable | 9 | $1,481,000 | $164,000 | $306,000 | $0 | $0 |
| Hispanic | 5 | $783,000 | $156,000 | $264,000 | $60,000 | $90,000 |
| Not Provided | 3 | $915,000 | $305,000 | $417,000 | $100,000 | $144,000 |
| Black or African American | 3 | $511,000 | $170,000 | $249,000 | $56,000 | $70,000 |
| American Indian or Alaskan Native | 1 | $146,000 | $146,000 | $146,000 | $40,000 | $40,000 |
| Asian | 1 | $107,000 | $107,000 | $107,000 | $29,000 | $29,000 |
| 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) | 464 | $72,306,000 | $155,000 | $560,000 | $71,000 | $518,000 |
| FHA-insured (Federal Housing Administration) | 60 | $10,764,000 | $179,000 | $276,000 | $63,000 | $225,000 |
| VA-guaranteed (Veterans Administration) | 7 | $1,283,000 | $183,000 | $264,000 | $54,000 | $85,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $153,000 | $153,000 | $153,000 | $27,000 | $27,000 |
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 | 475 | $77,455,000 | $163,000 | $560,000 | $71,000 | $518,000 |
| Application Denied By Financial Institution | 33 | $4,681,000 | $141,000 | $417,000 | $61,000 | $225,000 |
| Application Approved But Not Accepted | 15 | $1,214,000 | $80,000 | $225,000 | $60,000 | $118,000 |
| Application Withdrawn By Applicant | 9 | $1,156,000 | $128,000 | $306,000 | $43,000 | $123,000 |
| File Closed For Incompleteness | 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 2010 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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