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 B grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
79th3.9% deniedPricingmedian rate spread over APOR, weight 30%
59th0.20 ptsProcesswithdrawn + incomplete share, weight 15%
54th10.7%Closing coststotal loan costs ÷ loan amount, weight 10%
48th1.98% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 452 | 341 | 6.0% | 7.0% | 6.75% | $85M |
| 2024 | 461 | 366 | 3.7% | 4.3% | 6.88% | $90M |
| 2025 | 373 | 309 | 3.5% | 3.9% | 6.88% | $83M |
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: 0 home-equity lines, 0 reverse mortgages, 10 manufactured homes, 84 investment properties.
Why F&M Bank denies applications
Primary reason reported for each of the 13 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 | 31 | 23 | 8.0% |
| $50k – $100k | 102 | 79 | 6.8% |
| $100k – $150k | 84 | 73 | 2.6% |
| $150k – $250k | 62 | 50 | 3.7% |
| Over $250k | 40 | 35 | 2.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 27 | 23 | 0.0% |
| 25–34 | 85 | 69 | 6.5% |
| 35–44 | 51 | 38 | 2.5% |
| 45–54 | 60 | 44 | 5.9% |
| 55–64 | 62 | 56 | 3.4% |
| 65–74 | 28 | 22 | 8.0% |
Where F&M Bank lends
6 states and 44 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
F&M Bank denied 3.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 79th percentile of small mortgage lenders.
The most common reason F&M Bank gave in 2025 was "credit history", cited on 46.2% 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 6.88%, and its median rate spread over the average prime offer rate was 0.20 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 64% of its applications were for home purchases, 31% for refinancing (including cash-out), and 6% for home improvement or other purposes. By loan type: 77% conventional, 15% FHA, 6% 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.