Farmers & Merchants Bank Mortgage Lending & HMDA Data, 2017
In 2017, Farmers & Merchants Bank of Timberville, VA reported 704 mortgage applications totaling $127.7 million, down 2% from 2016. The average application was for $181,403, and applicants reported an average income of $71,822. 77% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Harrisonburg, VA (381), Staunton-Waynesboro, VA (121) and Lynchburg, VA (20) (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 | 704 |
| Total Mortgage Loan Application Amount | $127,708,000 |
| Average Mortgage Loan Application Amount | $181,403 |
| Highest Mortgage Loan Application Amount | $2,100,000 |
| Average Applicant Income | $71,822 |
| Highest Applicant Income | $695,000 |
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(HMDA) records Farmers & Merchants Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 294 | $ 54,097,000 | $ 184,003 | $ 72,000 |
| Harrisonburg, Virginia | 87 | $ 16,241,000 | $ 186,678 | $ 81,000 |
| Shenandoah, Virginia | 80 | $ 13,439,000 | $ 167,987 | $ 68,000 |
| Augusta, Virginia | 76 | $ 14,613,000 | $ 192,276 | $ 74,000 |
| Staunton, Virginia | 30 | $ 3,946,000 | $ 131,533 | $ 54,000 |
| Page, Virginia | 29 | $ 4,330,000 | $ 149,310 | $ 65,000 |
| Waynesboro, Virginia | 15 | $ 1,824,000 | $ 121,600 | $ 49,000 |
| Henrico, Virginia | 13 | $ 1,822,000 | $ 140,153 | $ 0 |
| Amherst, Virginia | 11 | $ 2,273,000 | $ 206,636 | $ 0 |
| Campbell, Virginia | 6 | $ 1,834,000 | $ 305,666 | $ 76,000 |
| Frederick, Virginia | 5 | $ 1,118,000 | $ 223,600 | $ 133,000 |
| Greene, Virginia | 5 | $ 1,004,000 | $ 200,800 | $ 59,000 |
| Nelson, Virginia | 5 | $ 947,000 | $ 189,400 | $ 60,000 |
| Albemarle, Virginia | 4 | $ 1,154,000 | $ 288,500 | $ 172,000 |
| Rockbridge, Virginia | 4 | $ 224,000 | $ 56,000 | $ 38,000 |
| Warren, Virginia | 4 | $ 1,497,000 | $ 374,250 | $ 164,000 |
| Hardy, West Virginia | 3 | $ 410,000 | $ 136,666 | $ 78,000 |
| Bedford, Virginia | 2 | $ 418,000 | $ 209,000 | $ 100,000 |
| Clarke, Virginia | 2 | $ 660,000 | $ 330,000 | $ 91,000 |
| Mecklenburg, Virginia | 2 | $ 248,000 | $ 124,000 | $ 60,000 |
| Kent, Delaware | 1 | $ 295,000 | $ 295,000 | $ 147,000 |
| Sussex, Delaware | 1 | $ 424,000 | $ 424,000 | $ 665,000 |
| Cumberland, North Carolina | 1 | $ 105,000 | $ 105,000 | $ 112,000 |
| Granville, North Carolina | 1 | $ 183,000 | $ 183,000 | $ 80,000 |
| Onslow, North Carolina | 1 | $ 109,000 | $ 109,000 | $ 56,000 |
| Richmond, North Carolina | 1 | $ 86,000 | $ 86,000 | $ 34,000 |
| Rowan, North Carolina | 1 | $ 111,000 | $ 111,000 | $ 34,000 |
| Beaufort, South Carolina | 1 | $ 286,000 | $ 286,000 | $ 0 |
| Appomattox, Virginia | 1 | $ 178,000 | $ 178,000 | $ 108,000 |
| Bath, Virginia | 1 | $ 182,000 | $ 182,000 | $ 68,000 |
| Brunswick, Virginia | 1 | $ 176,000 | $ 176,000 | $ 100,000 |
| Culpeper, Virginia | 1 | $ 269,000 | $ 269,000 | $ 89,000 |
| Fairfax, Virginia | 1 | $ 346,000 | $ 346,000 | $ 100,000 |
| Fauquier, Virginia | 1 | $ 190,000 | $ 190,000 | $ 63,000 |
| Goochland, Virginia | 1 | $ 176,000 | $ 176,000 | $ 29,000 |
| Halifax, Virginia | 1 | $ 182,000 | $ 182,000 | $ 129,000 |
| Hanover, Virginia | 1 | $ 266,000 | $ 266,000 | $ 129,000 |
| Louisa, Virginia | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Lunenburg, Virginia | 1 | $ 214,000 | $ 214,000 | $ 100,000 |
| Montgomery, Virginia | 1 | $ 332,000 | $ 332,000 | $ 500,000 |
| Norfolk, Virginia | 1 | $ 110,000 | $ 110,000 | $ 0 |
| Northampton, Virginia | 1 | $ 325,000 | $ 325,000 | $ 78,000 |
| Pittsylvania, Virginia | 1 | $ 69,000 | $ 69,000 | $ 34,000 |
| Prince Edward, Virginia | 1 | $ 260,000 | $ 260,000 | $ 59,000 |
| Prince William, Virginia | 1 | $ 284,000 | $ 284,000 | $ 85,000 |
| Winchester, Virginia | 1 | $ 170,000 | $ 170,000 | $ 68,000 |
| Jefferson, West Virginia | 1 | $ 106,000 | $ 106,000 | $ 0 |
Mortgage Loan Application Detail Totals for Farmers & Merchants Bank in 2017
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 | 543 | $101,432,000 | $186,000 | $2,100,000 | $74,000 | $695,000 |
| Refinancing | 144 | $24,560,000 | $170,000 | $690,000 | $63,000 | $614,000 |
| Home Improvement | 17 | $1,716,000 | $100,000 | $400,000 | $77,000 | $216,000 |
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 | 556 | $100,834,000 | $181,000 | $748,000 | $78,000 | $695,000 |
| Hispanic | 61 | $9,025,000 | $147,000 | $392,000 | $56,000 | $191,000 |
| Not applicable | 54 | $11,477,000 | $212,000 | $2,100,000 | $0 | $0 |
| Black or African American | 18 | $3,609,000 | $200,000 | $346,000 | $98,000 | $500,000 |
| Not Provided | 9 | $1,885,000 | $209,000 | $500,000 | $165,000 | $614,000 |
| Asian | 5 | $721,000 | $144,000 | $198,000 | $55,000 | $112,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $157,000 | $157,000 | $157,000 | $68,000 | $68,000 |
| 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) | 546 | $99,366,000 | $181,000 | $2,100,000 | $76,000 | $695,000 |
| FHA-insured (Federal Housing Administration) | 88 | $14,840,000 | $168,000 | $295,000 | $54,000 | $147,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 46 | $7,632,000 | $165,000 | $351,000 | $54,000 | $115,000 |
| VA-guaranteed (Veterans Administration) | 24 | $5,870,000 | $244,000 | $480,000 | $72,000 | $166,000 |
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 | 542 | $98,939,000 | $182,000 | $2,100,000 | $73,000 | $695,000 |
| Application Withdrawn By Applicant | 74 | $11,990,000 | $162,000 | $500,000 | $62,000 | $185,000 |
| Application Denied By Financial Institution | 66 | $12,323,000 | $186,000 | $480,000 | $68,000 | $665,000 |
| Application Approved But Not Accepted | 22 | $4,456,000 | $202,000 | $520,000 | $78,000 | $240,000 |
| 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 2017 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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About