Farmers & Merchants Bank Mortgage Lending & HMDA Data, 2014
In 2014, Farmers & Merchants Bank of Timberville, VA reported 524 mortgage applications totaling $86.0 million, down 19% from 2013. The average application was for $164,204, and applicants reported an average income of $69,996. 80% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Harrisonburg, VA (345), Staunton-Waynesboro, VA (53) and Washington-Arlington-Alexandria, DC-VA-MD-WV (7) (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 | 524 |
| Total Mortgage Loan Application Amount | $86,043,000 |
| Average Mortgage Loan Application Amount | $164,204 |
| Highest Mortgage Loan Application Amount | $920,000 |
| Average Applicant Income | $69,996 |
| Highest Applicant Income | $462,000 |
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(HMDA) records Farmers & Merchants Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 272 | $ 46,052,000 | $ 169,308 | $ 72,000 |
| Harrisonburg, Virginia | 73 | $ 12,727,000 | $ 174,342 | $ 71,000 |
| Shenandoah, Virginia | 58 | $ 7,832,000 | $ 135,034 | $ 61,000 |
| Augusta, Virginia | 39 | $ 7,064,000 | $ 181,128 | $ 66,000 |
| Page, Virginia | 32 | $ 3,867,000 | $ 120,843 | $ 63,000 |
| Staunton, Virginia | 11 | $ 1,303,000 | $ 118,454 | $ 40,000 |
| Pittsylvania, Virginia | 4 | $ 709,000 | $ 177,250 | $ 64,000 |
| Hardy, West Virginia | 4 | $ 401,000 | $ 100,250 | $ 68,000 |
| Fauquier, Virginia | 3 | $ 514,000 | $ 171,333 | $ 48,000 |
| Greene, Virginia | 3 | $ 409,000 | $ 136,333 | $ 64,000 |
| Waynesboro, Virginia | 3 | $ 326,000 | $ 108,666 | $ 67,000 |
| Bedford, Virginia | 2 | $ 525,000 | $ 262,500 | $ 155,000 |
| Frederick, Virginia | 2 | $ 313,000 | $ 156,500 | $ 47,000 |
| Loudoun, Virginia | 2 | $ 771,000 | $ 385,500 | $ 137,000 |
| Sevier, Tennessee | 1 | $ 163,000 | $ 163,000 | $ 183,000 |
| Albemarle, Virginia | 1 | $ 182,000 | $ 182,000 | $ 52,000 |
| Amelia, Virginia | 1 | $ 130,000 | $ 130,000 | $ 119,000 |
| Amherst, Virginia | 1 | $ 207,000 | $ 207,000 | $ 67,000 |
| Buckingham, Virginia | 1 | $ 127,000 | $ 127,000 | $ 64,000 |
| Campbell, Virginia | 1 | $ 236,000 | $ 236,000 | $ 96,000 |
| Fairfax, Virginia | 1 | $ 368,000 | $ 368,000 | $ 104,000 |
| Franklin, Virginia | 1 | $ 131,000 | $ 131,000 | $ 47,000 |
| Lexington, Virginia | 1 | $ 280,000 | $ 280,000 | $ 80,000 |
| Montgomery, Virginia | 1 | $ 220,000 | $ 220,000 | $ 88,000 |
| Richmond City, Virginia | 1 | $ 204,000 | $ 204,000 | $ 64,000 |
| Roanoke, Virginia | 1 | $ 48,000 | $ 48,000 | $ 58,000 |
| Warren, Virginia | 1 | $ 260,000 | $ 260,000 | $ 168,000 |
| Westmoreland, Virginia | 1 | $ 425,000 | $ 425,000 | $ 210,000 |
| Winchester, Virginia | 1 | $ 65,000 | $ 65,000 | $ 30,000 |
| Berkeley, West Virginia | 1 | $ 184,000 | $ 184,000 | $ 70,000 |
Mortgage Loan Application Detail Totals for Farmers & Merchants Bank in 2014
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 | 419 | $71,821,000 | $171,000 | $920,000 | $69,000 | $329,000 |
| Refinancing | 93 | $13,271,000 | $142,000 | $417,000 | $75,000 | $462,000 |
| Home Improvement | 12 | $951,000 | $79,000 | $238,000 | $66,000 | $220,000 |
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 | 453 | $74,857,000 | $165,000 | $460,000 | $74,000 | $462,000 |
| Hispanic | 33 | $3,584,000 | $108,000 | $338,000 | $41,000 | $149,000 |
| Not applicable | 18 | $4,326,000 | $240,000 | $920,000 | $0 | $0 |
| Not Provided | 8 | $1,416,000 | $177,000 | $417,000 | $97,000 | $216,000 |
| Black or African American | 6 | $1,012,000 | $168,000 | $280,000 | $91,000 | $125,000 |
| Asian | 5 | $740,000 | $148,000 | $260,000 | $117,000 | $291,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $108,000 | $108,000 | $108,000 | $21,000 | $21,000 |
| American Indian or Alaskan Native | 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) | 399 | $66,180,000 | $165,000 | $920,000 | $75,000 | $462,000 |
| FHA-insured (Federal Housing Administration) | 59 | $9,210,000 | $156,000 | $282,000 | $56,000 | $213,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 43 | $6,516,000 | $151,000 | $261,000 | $44,000 | $71,000 |
| VA-guaranteed (Veterans Administration) | 23 | $4,137,000 | $179,000 | $371,000 | $67,000 | $151,000 |
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 | 419 | $69,257,000 | $165,000 | $920,000 | $72,000 | $449,000 |
| Application Denied By Financial Institution | 57 | $8,572,000 | $150,000 | $417,000 | $51,000 | $151,000 |
| Application Withdrawn By Applicant | 33 | $5,815,000 | $176,000 | $460,000 | $85,000 | $462,000 |
| Application Approved But Not Accepted | 15 | $2,399,000 | $159,000 | $266,000 | $62,000 | $131,000 |
| 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 2014 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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