Farmers & Merchants Bank Mortgage Lending & HMDA Data, 2013
In 2013, Farmers & Merchants Bank of Timberville, VA reported 646 mortgage applications totaling $112.7 million, up 11% from 2012. The average application was for $174,478, and applicants reported an average income of $71,934. 85% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Harrisonburg, VA (431), Washington-Arlington-Alexandria, DC-VA-MD-WV (11) and Winchester, VA-WV (11) (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 | 646 |
| Total Mortgage Loan Application Amount | $112,713,000 |
| Average Mortgage Loan Application Amount | $174,478 |
| Highest Mortgage Loan Application Amount | $920,000 |
| Average Applicant Income | $71,934 |
| Highest Applicant Income | $683,000 |
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(HMDA) records Farmers & Merchants Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Harrisonburg, VA | 431 | $ 76,717,000 | $ 177,997 | $ 72,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 11 | $ 2,445,000 | $ 222,272 | $ 70,000 |
| Winchester, VA-WV | 11 | $ 1,891,000 | $ 171,909 | $ 128,181 |
| Charlottesville, VA | 5 | $ 1,027,000 | $ 205,400 | $ 88,000 |
| Roanoke, VA | 4 | $ 687,000 | $ 171,750 | $ 72,000 |
| Richmond, VA | 3 | $ 641,000 | $ 213,666 | $ 89,000 |
| Danville, VA | 2 | $ 382,000 | $ 191,000 | $ 42,000 |
| Lynchburg, VA | 2 | $ 288,000 | $ 144,000 | $ 39,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 307,000 | $ 307,000 | $ 76,000 |
Mortgage Loan Application Detail Totals for Farmers & Merchants Bank in 2013
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 | 372 | $65,315,000 | $175,000 | $920,000 | $76,000 | $683,000 |
| Refinancing | 258 | $45,979,000 | $178,000 | $775,000 | $67,000 | $430,000 |
| Home Improvement | 16 | $1,419,000 | $88,000 | $265,000 | $57,000 | $107,000 |
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 | 592 | $102,035,000 | $172,000 | $775,000 | $76,000 | $683,000 |
| Not applicable | 22 | $5,914,000 | $268,000 | $920,000 | $0 | $0 |
| Hispanic | 16 | $2,096,000 | $131,000 | $239,000 | $46,000 | $88,000 |
| Black or African American | 11 | $2,085,000 | $189,000 | $317,000 | $74,000 | $160,000 |
| Asian | 4 | $440,000 | $110,000 | $153,000 | $54,000 | $108,000 |
| Not Provided | 1 | $143,000 | $143,000 | $143,000 | $41,000 | $41,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 548 | $96,342,000 | $175,000 | $920,000 | $76,000 | $683,000 |
| FHA-insured (Federal Housing Administration) | 68 | $10,640,000 | $156,000 | $282,000 | $51,000 | $97,000 |
| VA-guaranteed (Veterans Administration) | 19 | $4,338,000 | $228,000 | $419,000 | $67,000 | $180,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 11 | $1,393,000 | $126,000 | $157,000 | $36,000 | $58,000 |
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 | 547 | $96,092,000 | $175,000 | $920,000 | $74,000 | $683,000 |
| Application Denied By Financial Institution | 69 | $11,047,000 | $160,000 | $500,000 | $62,000 | $535,000 |
| Application Withdrawn By Applicant | 27 | $5,123,000 | $189,000 | $470,000 | $60,000 | $156,000 |
| Application Approved But Not Accepted | 3 | $451,000 | $150,000 | $240,000 | $45,000 | $111,000 |
| 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 2013 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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