F&m Bank Mortgage Rates, Fees & Info
Clarksville, TNLEI: 549300YRN588YD6VNJ18
Tax ID: 62-0198065
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Mortgage Data
Review & Overview
F&m Bank is a smaller bank specializing in Home Purchase loans. F&m Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Nashville, Clarksville, Tullahoma, Sevierville, and Cookeville among others. We have data for 44 markets. (Some data included below & more in-depth data is available with an active subscription.)F&m Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. F&m Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 12/16/24 |
| 30 Year Conventional Purchase | 6.49% | 12/16/24 |
| 30 Year Conventional Refi | 6.54% | 12/16/24 |
| 30 Year Cash-out Refi | 6.62% | 12/16/24 |
| 30 Year FHA Purchase | 7.02% | 12/16/24 |
| 30 Year FHA Refi | 6.27% | 12/16/24 |
| 30 Year VA Purchase | 5.96% | 12/16/24 |
| 30 Year VA Refi | 6.27% | 12/16/24 |
| 30 Year USDA Purchase | 6.52% | 12/16/24 |
| 15 Year Conventional Purchase | 6.06% | 12/16/24 |
| 15 Year Conventional Refi | 6.42% | 12/16/24 |
| 15 Year Cash-out Refi | 6.42% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
F&m Bank Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,066Origination Dollar Volume (All Markets)
$588,230,000Awards
F&M Bank - 2022
F&M Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1,068 | $326,040,000 | $305,281 | $5,020 | 4.71% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 822 | $210,040,000 | $255,523 | $7,746 | 4.67% |
| Outside of Metro Areas | 40 | $8,860,000 | $221,500 | $4,681 | 5.06% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 24 | $5,890,000 | $245,417 | $6,172 | 4.31% |
| Sevierville, TN (FHA|USDA|VA) | 7 | $5,625,000 | $803,571 | $5,330 | 4.61% |
| Cookeville, TN (FHA|USDA|VA) | 25 | $5,015,000 | $200,600 | $4,678 | 4.97% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $4,385,000 | $1,461,667 | $0 | 5.08% |
| Shelbyville, TN (FHA|USDA|VA) | 12 | $3,040,000 | $253,333 | $5,179 | 4.74% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 10 | $2,980,000 | $298,000 | $6,943 | 4.60% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 7 | $2,135,000 | $305,000 | $0 | 4.58% |
| Lewisburg, TN (FHA|USDA|VA) | 3 | $1,075,000 | $358,333 | $10,402 | 4.08% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $1,020,000 | $510,000 | $22,301 | 4.69% |
| Murray, KY (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $0 | 6.42% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $7,293 | 5.75% |
| Paris, TN (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $6,731 | 3.83% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $4,621 | 4.75% |
| McMinnville, TN (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $5,717 | 3.54% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $5,994 | 4.33% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $18,039 | 6.50% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $4,566 | 4.25% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $3,215 | 5.38% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $25,659 | 4.25% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $6,812 | 6.13% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,143 | 5.13% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $22,198 | 4.50% |
| Lawrenceburg, TN (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,756 | 5.31% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $15,909 | 2.88% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $12,097 | 4.25% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,416 | 4.75% |
| JACKSON, TN (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $1,991 | 5.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,087 | 3.25% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $9,080 | 6.88% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,153 | 5.88% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,600 | 4.50% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $12,360 | 4.63% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 4.25% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,032 | 5.38% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 5.50% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,911 | 4.75% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,190 | 4.00% |
| Madisonville, KY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,093 | 4.50% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,297 | 3.38% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,527 | 4.25% |
| Marion, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against F&M Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2022, F&m Bank's most frequently originated type of loan was Conventional, with 1,010 originations. Their 2nd most popular type was HELOC, with 759 originations.
Loan Reason
For 2022, F&m Bank's most frequently cited loan purpose was Home Purchase, with 1,105 originations. The 2nd most popular reason was Other, with 436 originations.
Loan Duration/Length
For 2022, F&m Bank's most frequently cited loan duration was 30 Year, with 992 originations. The 2nd most popular length was 10 Year, with 741 originations.
Origination Fees/Closing Costs
F&m Bank's average total fees were $6,443, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 504 originations.
Interest Rates
During 2022, F&m Bank's average interest rate for loans was 4.74%, while their most frequently originated rate bucket for loans was 3-4%, with 745 originations.
Loan Sizing
2022 saw F&m Bank place emphasis on $200k-400k loans with 894 originations, totaling $250,580,000 in origination value.
Applicant Income
F&m Bank lent most frequently to those with incomes in the $100k-150k range, with 409 originations. The second most popular income band? $50k-75k, with 367 originations.
Applicant Debt to Income Ratio
F&m Bank lent most frequently to those with DTI ratios of 20-30%, with 382 originations. The next most common DTI ratio? 30-36%, with 334 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.10%
F&m Bank has an average approval rate.
Pick Rate
Approvals leading to origination84.70%
F&m Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,066 | $588,230,000 | $284,719 |