PlainLender

F&M Bank

Clarksville, TN

F&M Bank processed 823 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 602 loans with a 15.6% denial rate. Other was the primary loan purpose. Based in Clarksville, TN. The approval rate of 73.1% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. F&M Bank's 73.1% origination rate tells you how often an application turned into funded money; the 15.6% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Insufficient cash, which together explain the majority of rejections. Most activity concentrated in Conventional loans (823 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

823
Applications
602
Originated
15.6%
Denial Rate
$308,876
Avg Loan Amount
Avg Interest Rate: 7.711% Avg Applicant Income: $32,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 823 602 128 $308,876

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for F&M Bank (LEI: 549300YRN588YD6VNJ18) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
76
Credit history
23
Insufficient cash
15
Collateral
14
Other
9
Credit application incomplete
4
Unverifiable information
2
Employment history
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 370 266 $186,919
Refinancing 201 162 $255,896
Home Purchase 191 133 $662,487
Home Improvement 61 41 $115,984

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 687 74.7% 15.0%
Black or African American * 28 57.1% 28.6%
Asian * 17 58.8% 29.4%
Joint * 12 83.3% 16.7%
American Indian or Alaska Native * 2 50.0% 50.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 722 74.1% 15.4%
Hispanic or Latino * 18 66.7% 27.8%
Joint * 5 60.0% 20.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in TN

Other HMDA-reporting lenders in TN with similar activity. Compare any two side-by-side.

21st Mortgage

KNOXVILLE, TN

173,573 apps 30,274 originated 44.1% denied

Vanderbilt Mortgage and Finance, INC

MARYVILLE, TN

124,520 apps 20,306 originated 42.7% denied

FIRSTBANK

LEXINGTON, TN

21,086 apps 6,413 originated 43.2% denied

First Community Mortgage

MURFREESBORO, TN

13,521 apps 10,523 originated 6.2% denied

First Horizon Bank

MEMPHIS, TN

13,326 apps 7,808 originated 21.7% denied
Compare F&M Bank vs 21st Mortgage →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did F&M Bank process?
F&M Bank processed 823 mortgage applications in the 2024 HMDA reporting year. Of these, 602 were originated (approved and funded), 41 were withdrawn by the applicant, and 128 were denied.
What is F&M Bank's mortgage approval rate?
F&M Bank has an approval (origination) rate of 73.1%, meaning 73.1% of all applications resulted in a funded mortgage. The denial rate is 15.6%.
What is the average loan amount at F&M Bank?
The average mortgage loan amount at F&M Bank is $308,876. The average interest rate is 7.711%. The average applicant income is $32,000.
What are the most common reasons for mortgage denial at F&M Bank?
The most common reasons for mortgage denial at F&M Bank are: Debt-to-income ratio, Credit history, Insufficient cash. In total, 128 applications were denied out of 823 total applications.
What types of mortgage loans does F&M Bank offer?
F&M Bank processes Conventional loans. The most common type is Conventional with 823 applications and an average loan amount of $308,876.
What loan purposes does F&M Bank serve?
F&M Bank serves the following loan purposes: Other (370 applications), Refinancing (201 applications), Home Purchase (191 applications), Home Improvement (61 applications). Other is the most common purpose.
Where is F&M Bank located?
F&M Bank is headquartered in Clarksville, TN. The lender is identified by LEI 549300YRN588YD6VNJ18 in HMDA data.
How does F&M Bank compare in lending across racial demographics?
F&M Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 74.7% and denial rate of 15.0%; Black or African American applicants have an approval rate of 57.1% and denial rate of 28.6%; Asian applicants have an approval rate of 58.8% and denial rate of 29.4%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.