F&M Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A grade breaks down
Each component is a percentile rank among 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
78th15.9% deniedPricingmedian rate spread over APOR, weight 30%
38th0.28 ptsProcesswithdrawn + incomplete share, weight 15%
96th2.1%Closing coststotal loan costs ÷ loan amount, weight 10%
87th1.33% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,545 | 1,190 | 11.6% | 12.6% | 7.50% | $378M |
| 2024 | 823 | 602 | 15.6% | 16.5% | 8.00% | $181M |
| 2025 | 676 | 524 | 15.5% | 15.9% | 7.15% | $148M |
What F&M Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 512 home-equity lines, 0 reverse mortgages, 12 manufactured homes, 159 investment properties.
Why F&M Bank denies applications
Primary reason reported for each of the 105 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at F&M Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 37 | 22 | 34.3% |
| $50k – $100k | 133 | 95 | 26.7% |
| $100k – $150k | 130 | 98 | 16.9% |
| $150k – $250k | 159 | 135 | 10.3% |
| Over $250k | 145 | 116 | 8.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 66 | 52 | 16.7% |
| 35–44 | 145 | 102 | 20.4% |
| 45–54 | 151 | 120 | 15.8% |
| 55–64 | 145 | 114 | 14.7% |
| 65–74 | 77 | 63 | 15.6% |
| Over 74 | 41 | 33 | 7.7% |
Where F&M Bank lends
3 states and 32 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
F&M Bank denied 15.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 78th percentile of home-equity (HELOC) lenders.
The most common reason F&M Bank gave in 2025 was "debt-to-income ratio", cited on 53.3% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans F&M Bank originated in 2025 was 7.15%, and its median rate spread over the average prime offer rate was 0.28 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 19% of its applications were for home purchases, 34% for refinancing (including cash-out), and 47% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.