Franklin Loan Corporation Mortgage Rates, Fees & Info
Palm Desert, CALEI: 254900RQX8N4HXJIDK44
Tax ID: 33-0397503
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Franklin Loan Corporation is a small mortgage company specializing in Home Purchase and Refi loans. Franklin Loan Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Riverside, Los Angeles, San Diego, Denver, and San Francisco among others. Franklin Loan Corporation has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Franklin Loan Corporation is typically a high fee lendor.Originations
4,586Origination Dollar Volume (All Markets)
$1,907,120,000Relative Rate
Franklin Loan Corporation's average 30 year fixed rate mortgage of loans were
3.09%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.06%.
Relative Fees
Franklin Loan Corporation's average total fees for a 30 year fixed rate
mortgage are $6,649.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3,011 | $1,082,855,000 | $359,633 | $6,342 | 3.03% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 625 | $382,915,000 | $612,664 | $7,394 | 3.16% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 289 | $165,855,000 | $573,893 | $6,876 | 3.06% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 124 | $43,330,000 | $349,435 | $6,225 | 3.17% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 47 | $33,335,000 | $709,255 | $7,747 | 3.04% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 54 | $18,850,000 | $349,074 | $6,790 | 3.18% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 21 | $15,625,000 | $744,048 | $10,467 | 3.25% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 31 | $14,855,000 | $479,194 | $7,025 | 3.19% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 23 | $13,635,000 | $592,826 | $5,467 | 3.18% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 44 | $12,370,000 | $281,136 | $5,175 | 3.21% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 17 | $9,745,000 | $573,235 | $7,135 | 3.21% |
| FORT COLLINS, CO (FHA|USDA|VA) | 20 | $6,190,000 | $309,500 | $3,947 | 2.99% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 12 | $5,000,000 | $416,667 | $4,744 | 3.11% |
| BOISE CITY, ID (FHA|USDA|VA) | 10 | $4,250,000 | $425,000 | $6,401 | 3.16% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 12 | $3,820,000 | $318,333 | $4,785 | 3.35% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 6 | $3,420,000 | $570,000 | $4,901 | 3.27% |
| Outside of Metro Areas | 12 | $3,210,000 | $267,500 | $5,745 | 3.05% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 7 | $3,175,000 | $453,571 | $5,459 | 2.89% |
| SALINAS, CA (FHA|USDA|VA) | 6 | $3,130,000 | $521,667 | $4,793 | 2.90% |
| GREELEY, CO (FHA|USDA|VA) | 9 | $3,105,000 | $345,000 | $5,287 | 2.93% |
| FRESNO, CA (FHA|USDA|VA) | 11 | $3,105,000 | $282,273 | $6,678 | 2.60% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 10 | $3,090,000 | $309,000 | $5,880 | 3.40% |
| Outside of Metro Areas | 7 | $2,885,000 | $412,143 | $5,903 | 3.50% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 4 | $2,810,000 | $702,500 | $6,686 | 3.03% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 4 | $2,760,000 | $690,000 | $11,030 | 2.90% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 7 | $2,715,000 | $387,857 | $5,327 | 3.23% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 3 | $2,655,000 | $885,000 | $11,055 | 3.42% |
| VALLEJO, CA (FHA|USDA|VA) | 5 | $2,515,000 | $503,000 | $9,307 | 3.03% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 5 | $2,315,000 | $463,000 | $6,274 | 3.25% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 5 | $2,285,000 | $457,000 | $5,982 | 3.03% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 8 | $2,200,000 | $275,000 | $5,664 | 2.91% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $2,060,000 | $1,030,000 | $8,180 | 4.44% |
| BOULDER, CO (FHA|USDA|VA) | 5 | $2,055,000 | $411,000 | $8,726 | 2.65% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $2,035,000 | $678,333 | $10,883 | 3.46% |
| EL CENTRO, CA (FHA|USDA|VA) | 8 | $1,970,000 | $246,250 | $6,632 | 3.30% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $1,875,000 | $625,000 | $7,858 | 3.38% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 5 | $1,835,000 | $367,000 | $7,971 | 3.70% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 4 | $1,630,000 | $407,500 | $8,148 | 3.25% |
| MODESTO, CA (FHA|USDA|VA) | 4 | $1,540,000 | $385,000 | $8,577 | 2.91% |
| Kapaa, HI (FHA|USDA|VA) | 2 | $1,350,000 | $675,000 | $6,567 | 3.44% |
| YUBA CITY, CA (FHA|USDA|VA) | 4 | $1,330,000 | $332,500 | $2,845 | 3.13% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 1 | $1,305,000 | $1,305,000 | $8,379 | 3.38% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 5 | $1,255,000 | $251,000 | $5,270 | 2.85% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $1,255,000 | $1,255,000 | $34,331 | 3.50% |
| Fernley, NV (FHA|USDA|VA) | 2 | $1,140,000 | $570,000 | $3,291 | 3.44% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $1,135,000 | $378,333 | $4,172 | 3.13% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $1,125,000 | $375,000 | $5,100 | 3.42% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $7,161 | 3.08% |
| PITTSBURGH, PA (FHA|USDA|VA) | 7 | $1,015,000 | $145,000 | $6,889 | 3.66% |
| LAS CRUCES, NM (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $5,107 | 2.91% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $10,354 | 2.75% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $4,936 | 3.31% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $5,947 | 2.88% |
| TUCSON, AZ (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $3,346 | 3.33% |
| VISALIA, CA (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $3,642 | 3.46% |
| MERCED, CA (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $3,965 | 3.06% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $5,280 | 3.13% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $5,533 | 3.38% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $4,457 | 3.13% |
| BEND, OR (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $6,082 | 3.00% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $6,558 | 3.00% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $6,378 | 3.31% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $5,924 | 2.88% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $23,297 | 2.75% |
| REDDING, CA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $6,395 | 2.63% |
| MADERA, CA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $600 | 2.63% |
| NAPA, CA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $6,770 | 3.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $6,895 | 3.00% |
| RENO, NV (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $12,283 | 3.13% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $3,342 | 3.50% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $5,060 | 3.13% |
| Durango, CO (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,207 | 2.75% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $8,686 | 3.50% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,176 | 3.00% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $10,936 | 3.25% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,898 | 2.75% |
| TYLER, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,305 | 2.88% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $8,057 | 4.63% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $9,490 | 3.75% |
| Hilo, HI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,093 | 2.75% |
| Montrose, CO (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $8,966 | 2.99% |
| Edwards, CO (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $9,050 | 2.99% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,391 | 3.13% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $3,869 | 3.63% |
| Safford, AZ (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $13,781 | 3.25% |
| Sterling, CO (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $11,417 | 3.25% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,459 | 3.25% |
| Brookings, OR (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,615 | 3.00% |
| Fort Morgan, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $11,020 | 3.13% |
| SALEM, OR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,259 | 3.00% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,649 | 3.38% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,184 | 2.63% |
| Sonora, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,889 | 3.00% |
| Crescent City, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,947 | 3.63% |
| Rexburg, ID (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,524 | 3.00% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,297 | 3.75% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,839 | 3.25% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,565 | 3.00% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,844 | 3.13% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,630 | 3.13% |
| Susanville, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,963 | 3.00% |
| Pahrump, NV (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,032 | 3.25% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,348 | 3.63% |
Franklin Loan Corporation's top markets include Riverside, Los Angeles, San Diego, Denver, and San Francisco among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 3,957 | $1,648,195,000 | $416,526 | $5,701 | 3.07% |
| FHA | 432 | $159,130,000 | $368,356 | $13,075 | 3.18% |
| VA | 195 | $99,325,000 | $509,359 | $9,421 | 2.91% |
| USDA | 2 | $470,000 | $235,000 | $6,566 | 2.94% |
For the 2021 period, Franklin Loan Corporation's most frequently originated loan type of loans were Conventional, with 3,957 originations. Their 2nd most popular type is FHA, with 432 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 2,570 | $1,097,270,000 | $426,953 | $7,507 | 3.04% |
| Refi | 1,077 | $435,625,000 | $404,480 | $4,926 | 2.99% |
| Cash Out Refi | 939 | $374,225,000 | $398,536 | $5,882 | 3.24% |
For the 2021, Franklin Loan Corporation's most frequently cited loan purpose of loans were Home Purchase, with 2,570 originations. The 2nd most popular reason of loans were Refi, with 1,077 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 4,291 | $1,814,425,000 | $422,844 | $6,649 | 3.09% |
| 15 Year | 177 | $52,905,000 | $298,898 | $4,638 | 2.55% |
| 20 Year | 74 | $22,810,000 | $308,243 | $5,287 | 2.90% |
| Other | 37 | $10,445,000 | $282,297 | $4,748 | 3.37% |
| 10 Year | 4 | $980,000 | $245,000 | $3,297 | 2.38% |
| 30+ year | 3 | $5,555,000 | $1,851,667 | $21,541 | 4.42% |
For the 2021, Franklin Loan Corporation's most frequently cited loan length of loans were 30 Year, with 4,291 originations. The 2nd most popular length of loans were 15 Year, with 177 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 2,852 | $1,162,160,000 | $407,489 |
| $2k-3k | 544 | $208,900,000 | $384,007 |
| $5k+ | 519 | $298,495,000 | $575,135 |
| $3k-4k | 449 | $188,895,000 | $420,702 |
| $<1k | 221 | $48,655,000 | $220,158 |
$6,649 of loans were Franklin Loan Corporation's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 2,852 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 2,317 | $1,023,845,000 | $441,884 |
| 2.5-3% | 1,800 | $743,750,000 | $413,194 |
| <2.5% | 358 | $85,400,000 | $238,547 |
| 4-5% | 105 | $51,545,000 | $490,905 |
| 6-7% | 1 | $305,000 | $305,000 |
| 7-8% | 1 | $725,000 | $725,000 |
During 2021, Franklin Loan Corporation's average interest rate of loans were 3.09%, while their most frequently originated rate bucket of loans were 3-4%, with 2,317 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 1,972 | $598,780,000 | $303,641 | $5,862 | 3.12% |
| $400k-600k | 1,307 | $634,955,000 | $485,811 | $6,999 | 3.13% |
| $600k-1MM | 495 | $366,435,000 | $740,273 | $8,313 | 3.24% |
| $100k-200k | 489 | $77,265,000 | $158,006 | $4,579 | 3.09% |
| $100,000 or less | 164 | $4,800,000 | $29,268 | $3,993 | 1.25% |
| $1MM+ | 159 | $224,885,000 | $1,414,371 | $12,297 | 3.26% |
2021 saw Franklin Loan Corporation place emphasis on $200k-400k loans with 1,972 originations, totaling $598,780,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 1,106 | $438,760,000 | $396,709 | $6,425 | 3.07% |
| $150k-250k | 966 | $470,810,000 | $487,381 | $6,368 | 3.16% |
| $75k-100k | 829 | $277,775,000 | $335,072 | $6,988 | 2.96% |
| $50k-75k | 735 | $193,775,000 | $263,639 | $6,144 | 2.99% |
| $250k+ | 637 | $451,975,000 | $709,537 | $7,314 | 3.18% |
| $50k or less | 307 | $70,485,000 | $229,593 | $5,552 | 3.04% |
Franklin Loan Corporation lent most frequently to those with incomes in the $100k-150k range, with 1,106 originations. The second most popular income band? $150k-250k, with 966 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 743 | $314,215,000 | $422,900 | $5,534 | 3.03% |
| 30-36% | 732 | $311,700,000 | $425,820 | $5,857 | 3.07% |
| <20% | 312 | $110,090,000 | $352,853 | $5,783 | 2.44% |
| 44% | 237 | $96,675,000 | $407,911 | $7,409 | 3.16% |
| 42% | 236 | $107,880,000 | $457,119 | $6,706 | 3.13% |
| 43% | 220 | $91,840,000 | $417,455 | $6,809 | 3.19% |
| 49% | 196 | $72,400,000 | $369,388 | $6,737 | 3.13% |
| 50-60% | 196 | $80,650,000 | $411,480 | $12,545 | 3.13% |
| 41% | 188 | $81,320,000 | $432,553 | $7,001 | 3.13% |
| 38% | 181 | $78,015,000 | $431,022 | $5,987 | 3.11% |
| 40% | 179 | $81,535,000 | $455,503 | $6,331 | 3.16% |
| 39% | 178 | $76,870,000 | $431,854 | $6,252 | 3.23% |
| 48% | 176 | $68,020,000 | $386,477 | $6,743 | 3.13% |
| 37% | 162 | $69,620,000 | $429,753 | $6,098 | 3.11% |
| 36% | 157 | $69,155,000 | $440,478 | $6,337 | 3.11% |
| 46% | 152 | $59,340,000 | $390,395 | $6,478 | 3.15% |
| 45% | 142 | $54,360,000 | $382,817 | $6,461 | 3.18% |
| 47% | 136 | $53,620,000 | $394,265 | $6,828 | 3.20% |
| >60% | 15 | $8,825,000 | $588,333 | $10,232 | 3.92% |
Franklin Loan Corporation lent most frequently to those with DTI ratios of 20-30%, with 743 originations. The next most common DTI ratio? 30-36%, with 732 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 3,527 | $1,453,005,000 | $411,966 | $6,448 | 3.07% |
| Not provided | 574 | $239,420,000 | $417,108 | $6,801 | 3.04% |
| Asian | 297 | $138,285,000 | $465,606 | $6,314 | 3.12% |
| Black | 122 | $46,800,000 | $383,607 | $7,901 | 3.13% |
| American Indian | 52 | $24,280,000 | $466,923 | $8,260 | 3.18% |
| Native Hawaiian | 14 | $5,330,000 | $380,714 | $5,744 | 3.04% |
Approval Rates
Total approvals of all applications99.29%
Franklin Loan Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination85.14%
Franklin Loan Corporation has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 4,586 | $1,907,120,000 | $415,857 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4,586 | $1,907,120,000 | $415,857 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 288 | $83,410,000 | $289,618 | $4,786 | 2.95% |
| 40-60% | 780 | $302,950,000 | $388,397 | $5,156 | 3.04% |
| 60-80% | 1,794 | $814,400,000 | $453,958 | $6,024 | 3.20% |
| 80-100% | 1,522 | $674,400,000 | $443,101 | $7,926 | 3.16% |
| Over 100% | 43 | $23,785,000 | $553,140 | $18,321 | 3.11% |
| Under 20% | 159 | $8,175,000 | $51,415 | $4,348 | 1.17% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FRANKLIN LOAN CORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| FRANKLIN LOAN CORPORATION | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |
