Franklin Savings Bank Mortgage Rates, Fees & Info
Franklin, NHLEI: 254900J6JRSKHU1Y0F98
Tax ID: 02-0136360
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Franklin Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Franklin Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Manchester, Lebanon, Concord, and Laconia among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Franklin Savings Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
190Origination Dollar Volume (All Markets)
$95,530,000Top 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 |
|---|---|---|---|---|---|
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 16 | $18,570,000 | $1,160,625 | $0 | 0.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 18 | $16,200,000 | $900,000 | $0 | 0.00% |
| Lebanon, NH-VT (FHA|USDA|VA) | 50 | $15,300,000 | $306,000 | $0 | 0.00% |
| Concord, NH (FHA|USDA|VA) | 51 | $14,605,000 | $286,373 | $0 | 0.00% |
| Laconia, NH (FHA|USDA|VA) | 31 | $11,565,000 | $373,065 | $0 | 0.00% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $6,565,000 | $6,565,000 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 6 | $4,320,000 | $720,000 | $0 | 0.00% |
| Outside of Metro Areas | 9 | $2,725,000 | $302,778 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 2 | $1,950,000 | $975,000 | $0 | 0.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $1,690,000 | $845,000 | $0 | 0.00% |
| Berlin, NH (FHA|USDA|VA) | 3 | $1,235,000 | $411,667 | $0 | 0.00% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 190 | $95,530,000 | $502,789 | $0 | 0.00% |
For 2022, Franklin Savings Bank's most frequently originated type of loan was Conventional, with 190 originations.
Loan Reason
For 2022, Franklin Savings Bank's most frequently cited loan purpose was Home Purchase, with 114 originations. The 2nd most popular reason was Refi, with 32 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 190 | $95,530,000 | $502,789 | $0 | 0.00% |
For 2022, Franklin Savings Bank's most frequently cited loan duration was Other, with 190 originations.
Loan Sizing
2022 saw Franklin Savings Bank place emphasis on $200k-400k loans with 64 originations, totaling $18,770,000 in origination value.
Applicant Income
Franklin Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 36 originations. The second most popular income band? $100k-150k, with 30 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 190 | $95,530,000 | $502,789 | $0 | 0.00% |
Franklin Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 190 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.16%
Franklin Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination86.32%
Franklin Savings Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 190 | $95,530,000 | $502,789 |