Franklin Savings Bank Mortgage Rates, Fees & Info

Franklin, NH

LEI: 254900J6JRSKHU1Y0F98

Tax ID: 02-0136360

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Franklin Savings Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Franklin Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Concord, Boston, Lebanon, Manchester, and Laconia among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Franklin Savings 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.

    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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    Originations

    77

    Origination Dollar Volume (All Markets)

    $52,445,000

    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
    Concord, NH (FHA|USDA|VA) 21 $15,575,000 $741,667 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 4 $9,570,000 $2,392,500 $0 0.00%
    Lebanon, NH-VT (FHA|USDA|VA) 22 $9,270,000 $421,364 $0 0.00%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 11 $8,285,000 $753,182 $0 0.00%
    Laconia, NH (FHA|USDA|VA) 15 $7,085,000 $472,333 $0 0.00%
    Outside of Metro Areas 3 $2,075,000 $691,667 $0 0.00%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $585,000 $585,000 $0 0.00%
    Franklin Savings Bank's top markets include Concord, Boston, Lebanon, Manchester, and Laconia among others.

    Their top states include:
  • New Hampshire (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 77 $52,445,000 $681,104 $0 0.00%

    For 2024, Franklin Savings Bank's most frequently originated type of loan was Conventional, with 77 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 54 $34,330,000 $635,741 $0 0.00%
    Cash Out Refi 17 $11,555,000 $679,706 $0 0.00%
    Home Improvement 4 $5,790,000 $1,447,500 $0 0.00%
    Other 1 $315,000 $315,000 $0 0.00%
    Refi 1 $455,000 $455,000 $0 0.00%

    For 2024, Franklin Savings Bank's most frequently cited loan purpose was Home Purchase, with 54 originations. The 2nd most popular reason was Cash Out Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 77 $52,445,000 $681,104 $0 0.00%

    For 2024, Franklin Savings Bank's most frequently cited loan duration was Other, with 77 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 34 $10,190,000 $299,706 $0 0.00%
    $600k-1MM 12 $9,460,000 $788,333 $0 0.00%
    $1MM+ 11 $26,635,000 $2,421,364 $0 0.00%
    $400k-600k 10 $4,900,000 $490,000 $0 0.00%
    $100k-200k 7 $1,025,000 $146,429 $0 0.00%
    $100,000 or less 3 $235,000 $78,333 $0 0.00%

    2024 saw Franklin Savings Bank place emphasis on $200k-400k loans with 34 originations, totaling $10,190,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 15 $10,115,000 $674,333 $0 0.00%
    $150k-250k 14 $4,590,000 $327,857 $0 0.00%
    $100k-150k 4 $1,260,000 $315,000 $0 0.00%
    $75k-100k 4 $980,000 $245,000 $0 0.00%
    $50k-75k 3 $385,000 $128,333 $0 0.00%

    Franklin Savings Bank lent most frequently to those with incomes in the $250k+ range, with 15 originations. The second most popular income band? $150k-250k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 77 $52,445,000 $681,104 $0 0.00%

    Franklin Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 77 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 35 $34,435,000 $983,857 $0 0.00%
    White 36 $15,740,000 $437,222 $0 0.00%
    Not provided 6 $2,270,000 $378,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.14%

    Franklin Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.82%

    Franklin Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 77 $52,445,000 $681,104

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    77 $52,445,000 $681,104