Farmers & Merchants Bank Mortgage Lending & HMDA Data, 2015
In 2015, Farmers & Merchants Bank of Timberville, VA reported 631 mortgage applications totaling $110.7 million, up 20% from 2014. The average application was for $175,431, and applicants reported an average income of $70,229. 83% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Harrisonburg, VA (398), Staunton-Waynesboro, VA (95) and Charlottesville, VA (8) (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 | 631 |
| Total Mortgage Loan Application Amount | $110,697,000 |
| Average Mortgage Loan Application Amount | $175,431 |
| Highest Mortgage Loan Application Amount | $1,350,000 |
| Average Applicant Income | $70,229 |
| Highest Applicant Income | $670,000 |
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(HMDA) records Farmers & Merchants Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 319 | $ 58,578,000 | $ 183,630 | $ 74,000 |
| Harrisonburg, Virginia | 79 | $ 13,448,000 | $ 170,227 | $ 73,000 |
| Shenandoah, Virginia | 77 | $ 11,895,000 | $ 154,480 | $ 63,000 |
| Augusta, Virginia | 70 | $ 13,163,000 | $ 188,042 | $ 60,000 |
| Page, Virginia | 22 | $ 2,928,000 | $ 133,090 | $ 66,000 |
| Staunton, Virginia | 18 | $ 2,106,000 | $ 117,000 | $ 61,000 |
| Waynesboro, Virginia | 7 | $ 1,226,000 | $ 175,142 | $ 66,000 |
| Hardy, West Virginia | 5 | $ 437,000 | $ 87,400 | $ 53,000 |
| Pittsylvania, Virginia | 3 | $ 479,000 | $ 159,666 | $ 57,000 |
| Buckingham, Virginia | 2 | $ 91,000 | $ 45,500 | $ 34,000 |
| Greene, Virginia | 2 | $ 610,000 | $ 305,000 | $ 90,000 |
| Loudoun, Virginia | 2 | $ 636,000 | $ 318,000 | $ 109,000 |
| Nelson, Virginia | 2 | $ 434,000 | $ 217,000 | $ 74,000 |
| Warren, Virginia | 2 | $ 477,000 | $ 238,500 | $ 84,000 |
| Washington, Maryland | 1 | $ 153,000 | $ 153,000 | $ 37,000 |
| Columbus, North Carolina | 1 | $ 90,000 | $ 90,000 | $ 46,000 |
| Dare, North Carolina | 1 | $ 400,000 | $ 400,000 | $ 137,000 |
| Richmond, North Carolina | 1 | $ 110,000 | $ 110,000 | $ 40,000 |
| Robeson, North Carolina | 1 | $ 137,000 | $ 137,000 | $ 42,000 |
| Scotland, North Carolina | 1 | $ 106,000 | $ 106,000 | $ 45,000 |
| Horry, South Carolina | 1 | $ 130,000 | $ 130,000 | $ 365,000 |
| York, South Carolina | 1 | $ 825,000 | $ 825,000 | $ 224,000 |
| Albemarle, Virginia | 1 | $ 221,000 | $ 221,000 | $ 0 |
| Bath, Virginia | 1 | $ 101,000 | $ 101,000 | $ 116,000 |
| Bedford, Virginia | 1 | $ 173,000 | $ 173,000 | $ 42,000 |
| Campbell, Virginia | 1 | $ 128,000 | $ 128,000 | $ 62,000 |
| Fluvanna, Virginia | 1 | $ 247,000 | $ 247,000 | $ 48,000 |
| Frederick, Virginia | 1 | $ 200,000 | $ 200,000 | $ 156,000 |
| Halifax, Virginia | 1 | $ 69,000 | $ 69,000 | $ 15,000 |
| Henrico, Virginia | 1 | $ 87,000 | $ 87,000 | $ 82,000 |
| Lynchburg, Virginia | 1 | $ 76,000 | $ 76,000 | $ 121,000 |
| Montgomery, Virginia | 1 | $ 170,000 | $ 170,000 | $ 195,000 |
| New Kent, Virginia | 1 | $ 459,000 | $ 459,000 | $ 139,000 |
| Spotsylvania, Virginia | 1 | $ 172,000 | $ 172,000 | $ 92,000 |
| Monongalia, West Virginia | 1 | $ 135,000 | $ 135,000 | $ 0 |
Mortgage Loan Application Detail Totals for Farmers & Merchants Bank in 2015
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 | 473 | $83,539,000 | $176,000 | $825,000 | $69,000 | $670,000 |
| Refinancing | 147 | $26,334,000 | $179,000 | $1,350,000 | $76,000 | $580,000 |
| Home Improvement | 11 | $824,000 | $74,000 | $160,000 | $46,000 | $95,000 |
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 | 546 | $98,002,000 | $179,000 | $1,350,000 | $75,000 | $670,000 |
| Hispanic | 35 | $4,385,000 | $125,000 | $330,000 | $55,000 | $135,000 |
| Not applicable | 26 | $4,263,000 | $163,000 | $385,000 | $0 | $0 |
| Black or African American | 9 | $981,000 | $109,000 | $319,000 | $51,000 | $131,000 |
| Not Provided | 7 | $1,670,000 | $238,000 | $417,000 | $85,000 | $131,000 |
| Asian | 7 | $1,259,000 | $179,000 | $328,000 | $101,000 | $135,000 |
| American Indian or Alaskan Native | 1 | $137,000 | $137,000 | $137,000 | $42,000 | $42,000 |
| 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) | 470 | $84,047,000 | $178,000 | $1,350,000 | $76,000 | $670,000 |
| FHA-insured (Federal Housing Administration) | 100 | $15,897,000 | $158,000 | $282,000 | $55,000 | $135,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 42 | $6,973,000 | $166,000 | $285,000 | $49,000 | $77,000 |
| VA-guaranteed (Veterans Administration) | 19 | $3,780,000 | $198,000 | $409,000 | $55,000 | $141,000 |
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 | 523 | $92,826,000 | $177,000 | $1,350,000 | $72,000 | $670,000 |
| Application Denied By Financial Institution | 61 | $8,753,000 | $143,000 | $417,000 | $60,000 | $298,000 |
| Application Withdrawn By Applicant | 36 | $7,345,000 | $204,000 | $800,000 | $74,000 | $250,000 |
| Application Approved But Not Accepted | 11 | $1,773,000 | $161,000 | $280,000 | $69,000 | $129,000 |
| 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 2015 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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