F & M Bank Corp.
HMDA Loan Application Totals
and Mortgage Lending Details
for 2023
F & M Bank Corp. 2023 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | F & M Bank Corp. Po Box 1111 Timberville, VA 22853 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 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 | 492 |
| Total Mortgage Loan Application Amount | $140,800,000 |
| Average Mortgage Loan Application Amount | $298,000 |
| Highest Mortgage Loan Application Amount | $1,535,000 |
| Average Applicant Income | $70,600 |
| Highest Applicant Income | $1,292,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2023 with F & M Bank Corp.. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing F & M Bank Corp.'s lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2023 breaks down F & M Bank Corp.'s mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how F & M Bank Corp. serves its applicants.
Each category highlights the total number of mortgage applications processed by F & M Bank Corp., total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at F & M Bank Corp.'s mortgage activity for 2023.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Rockingham County Virginia | 190 | $ 52,190,000 | $ 274,000 | $ 110,000 |
| Augusta County Virginia | 62 | $ 18,180,000 | $ 293,000 | $ 118,000 |
| Shenandoah County Virginia | 50 | $ 15,180,000 | $ 303,000 | $ 125,000 |
| Harrisonburg County Virginia | 45 | $ 10,815,000 | $ 240,000 | $ 83,000 |
| Page County Virginia | 25 | $ 6,615,000 | $ 264,000 | $ 117,000 |
| Staunton County Virginia | 15 | $ 2,665,000 | $ 177,000 | $ 99,000 |
| Frederick County Virginia | 11 | $ 3,595,000 | $ 326,000 | $ 160,000 |
| Waynesboro County Virginia | 8 | $ 1,490,000 | $ 186,000 | $ 86,000 |
| Winchester County Virginia | 7 | $ 1,875,000 | $ 267,000 | $ 138,000 |
| Rockbridge County Virginia | 6 | $ 2,100,000 | $ 350,000 | $ 325,000 |
| Nelson County Virginia | 5 | $ 1,945,000 | $ 389,000 | $ 116,000 |
| Warren County Virginia | 4 | $ 1,540,000 | $ 385,000 | $ 157,000 |
| Bedford County Virginia | 3 | $ 885,000 | $ 295,000 | $ 143,000 |
| Berkeley County West Virginia | 3 | $ 705,000 | $ 235,000 | $ 83,000 |
| Harford County Maryland | 2 | $ 620,000 | $ 310,000 | $ 118,000 |
| Culpeper County Virginia | 2 | $ 920,000 | $ 460,000 | $ 101,000 |
| Danville County Virginia | 2 | $ 140,000 | $ 70,000 | $ 111,000 |
| Greene County Virginia | 2 | $ 250,000 | $ 125,000 | $ 108,000 |
| Westmoreland County Virginia | 2 | $ 600,000 | $ 300,000 | $ 169,000 |
| Palm Beach County Florida | 1 | $ 1,535,000 | $ 1,535,000 | $ 920,000 |
| Cleveland County North Carolina | 1 | $ 215,000 | $ 215,000 | $ 67,000 |
| Craven County North Carolina | 1 | $ 255,000 | $ 255,000 | $ 91,000 |
| Dare County North Carolina | 1 | $ 515,000 | $ 515,000 | $ 209,000 |
| Gates County North Carolina | 1 | $ 475,000 | $ 475,000 | $ 153,000 |
| Lincoln County North Carolina | 1 | $ 425,000 | $ 425,000 | $ 145,000 |
| New Hanover County North Carolina | 1 | $ 305,000 | $ 305,000 | $ 0 |
| Onslow County North Carolina | 1 | $ 295,000 | $ 295,000 | $ 90,000 |
| Jefferson County Tennessee | 1 | $ 155,000 | $ 155,000 | $ 103,000 |
| Albemarle County Virginia | 1 | $ 375,000 | $ 375,000 | $ 98,000 |
| Amherst County Virginia | 1 | $ 275,000 | $ 275,000 | $ 88,000 |
| Appomattox County Virginia | 1 | $ 215,000 | $ 215,000 | $ 54,000 |
| Campbell County Virginia | 1 | $ 115,000 | $ 115,000 | $ 38,000 |
| Charlottesville County Virginia | 1 | $ 285,000 | $ 285,000 | $ 302,000 |
| Clarke County Virginia | 1 | $ 335,000 | $ 335,000 | $ 101,000 |
| Cumberland County Virginia | 1 | $ 385,000 | $ 385,000 | $ 162,000 |
| Fluvanna County Virginia | 1 | $ 345,000 | $ 345,000 | $ 74,000 |
| Highland County Virginia | 1 | $ 305,000 | $ 305,000 | $ 68,000 |
| Loudoun County Virginia | 1 | $ 325,000 | $ 325,000 | $ 128,000 |
| Mecklenburg County Virginia | 1 | $ 355,000 | $ 355,000 | $ 148,000 |
| Montgomery County Virginia | 1 | $ 245,000 | $ 245,000 | $ 201,000 |
| Orange County Virginia | 1 | $ 275,000 | $ 275,000 | $ 159,000 |
| Pittsylvania County Virginia | 1 | $ 345,000 | $ 345,000 | $ 91,000 |
| Prince Edward County Virginia | 1 | $ 385,000 | $ 385,000 | $ 155,000 |
| Prince William County Virginia | 1 | $ 45,000 | $ 45,000 | $ 171,000 |
| Hampshire County West Virginia | 1 | $ 545,000 | $ 545,000 | $ 158,000 |
| Hardy County West Virginia | 1 | $ 295,000 | $ 295,000 | $ 193,000 |
| Pendleton County West Virginia | 1 | $ 585,000 | $ 585,000 | $ 0 |
| Raleigh County West Virginia | 1 | $ 185,000 | $ 185,000 | $ 71,000 |
Mortgage Loan Application Detail Totals for F & M Bank Corp. in 2023
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 | 408 | $125,510,000 | $307,000 | $995,000 | $122,000 | $1,292,000 |
| Refinancing | 57 | $12,045,000 | $211,000 | $1,535,000 | $110,000 | $920,000 |
| Home Improvement | 19 | $1,265,000 | $66,000 | $305,000 | $75,000 | $197,000 |
| Other Purpose | 6 | $250,000 | $41,000 | $85,000 | $46,000 | $95,000 |
| Cash-out Refinancing | 2 | $1,730,000 | $865,000 | $1,505,000 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 392 | $115,320,000 | $294,000 | $1,535,000 | $122,000 | $1,292,000 |
| Hispanic | 51 | $11,625,000 | $227,000 | $725,000 | $73,000 | $270,000 |
| Not Provided | 16 | $3,200,000 | $200,000 | $625,000 | $123,000 | $534,000 |
| Black or African American | 13 | $3,595,000 | $276,000 | $725,000 | $130,000 | $251,000 |
| Not applicable | 9 | $3,495,000 | $388,000 | $1,505,000 | $0 | $0 |
| Asian | 8 | $2,440,000 | $305,000 | $525,000 | $184,000 | $574,000 |
| American Indian or Alaskan Native | 2 | $780,000 | $390,000 | $475,000 | $221,000 | $290,000 |
| 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) | 451 | $130,215,000 | $288,000 | $1,535,000 | $122,000 | $1,292,000 |
| FHA-insured (Federal Housing Administration) | 33 | $8,435,000 | $255,000 | $475,000 | $79,000 | $177,000 |
| VA-guaranteed (Veterans Administration) | 5 | $1,425,000 | $285,000 | $415,000 | $82,000 | $91,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $725,000 | $241,000 | $275,000 | $74,000 | $81,000 |
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 | 355 | $106,195,000 | $299,000 | $1,535,000 | $122,000 | $1,292,000 |
| Application Withdrawn By Applicant | 107 | $29,385,000 | $274,000 | $995,000 | $113,000 | $574,000 |
| Application Denied By Financial Institution | 26 | $4,040,000 | $155,000 | $645,000 | $78,000 | $223,000 |
| Application Approved But Not Accepted | 3 | $1,015,000 | $338,000 | $585,000 | $211,000 | $534,000 |
| File Closed For Incompleteness | 1 | $165,000 | $165,000 | $165,000 | $44,000 | $44,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 466 | $136,760,000 | $293,000 | $1,535,000 | $121,000 | $1,292,000 |
| Debt-To-Income Ratio | 15 | $1,715,000 | $114,000 | $365,000 | $72,000 | $223,000 |
| Credit History | 6 | $660,000 | $110,000 | $275,000 | $57,000 | $97,000 |
| Collateral | 3 | $665,000 | $221,000 | $335,000 | $132,000 | $160,000 |
| Other | 1 | $645,000 | $645,000 | $645,000 | $123,000 | $123,000 |
| Employment History | 1 | $355,000 | $355,000 | $355,000 | $68,000 | $68,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into F & M Bank Corp.'s 2023 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 F & M Bank Corp.'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.