The Farmers & Merchants Bank of Craig County
The Farmers & Merchants Bank of Craig County received 63 applications in 2025 and made 57 mortgages, in 7 counties across 1 state. The median rate its borrowers got was 5.500% on a median loan of $135,000. Of 61 decisions, 4 were denials — 6.6%, most often for credit history.
| Legal Entity Identifier | 254900R8ZBXT7V5OH304 |
|---|---|
| Applications received | 63 |
| Mortgages made | 57 |
| Denied | 4 |
| Approved, not taken up | 0 |
| Withdrawn or incomplete | 2 |
| Loans bought from other lenders | 0 |
| Median rate spread over the prime offer rate | 0.0387 points |
| FDIC-insured bank | Yes: Farmers & Merchants Bank of Craig County, 1 offices |
By loan purpose
| Purpose | Mortgages made | Median rate | Median loan | Denied |
|---|---|---|---|---|
| Home purchase | 15 | 5.500% | $245,000 | 11.8% |
| Refinancing | 22 | 5.500% | $120,000 | 4.4% |
| Cash-out refinancing | 20 | 5.500% | $110,000 | 4.8% |
Where The Farmers & Merchants Bank of Craig County lends most
The 7 counties where it made the most mortgages in 2025. Each county page ranks every lender there.
| County | Mortgages made | Median rate | Denied |
|---|---|---|---|
| Craig County, VA | 49 | 5.500% | 5.8% |
| Roanoke County, VA | 3 | Under 10 loans | 0.0% |
| Botetourt County, VA | 2 | Under 10 loans | 0.0% |
| Montgomery County, VA | 1 | Under 10 loans | 0.0% |
| Rockbridge County, VA | 1 | Under 10 loans | 0.0% |
| Roanoke city, VA | 1 | Under 10 loans | 0.0% |
| Alleghany County, VA | 0 | Under 10 loans | 100.0% |
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When The Farmers & Merchants Bank of Craig County’s figures are published for the next year, or restated.
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Counts, medians and denial shares are computed from the Home Mortgage Disclosure Act loan-level file for 2025, published by the Consumer Financial Protection Bureau through the FFIEC: every application a covered lender received, as the lender reported it. A median rate is what borrowers got, not what you will be offered — it depends on the loan, the property, your credit and the market on the day, and no figure here is a quote. A median over fewer than 10 loans is not shown: it is a number with no meaning and a real person's rate half-exposed. Those cells say "under 10 loans" and the count is still published. This is information, not advice, and no lender pays to appear.