Franklin Bank & Trust Company Mortgage Rates, Fees & Info

Franklin, KY

LEI: 5493008MFIR0PTRGGL44

Tax ID: 61-0547583

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 Bank & Trust Company is a smaller bank specializing in Home Purchase loans. Franklin Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Bowling Green, Nashville, and Crestview among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Franklin Bank & Trust Company has an above average approval rate when compared to the average across all lenders. They have an above 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

    105

    Origination Dollar Volume (All Markets)

    $26,725,000

    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
    BOWLING GREEN, KY (FHA|USDA|VA) 57 $15,115,000 $265,175 $0 0.00%
    Outside of Metro Areas 42 $7,640,000 $181,905 $0 0.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 4 $2,240,000 $560,000 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $1,730,000 $865,000 $0 0.00%
    Franklin Bank & Trust Company's top markets include Bowling Green, Nashville, and Crestview among others.

    Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 105 $26,725,000 $254,524 $0 0.00%

    For 2024, Franklin Bank & Trust Company's most frequently originated type of loan was Conventional, with 105 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 79 $21,735,000 $275,127 $0 0.00%
    Refi 14 $3,910,000 $279,286 $0 0.00%
    Home Improvement 12 $1,080,000 $90,000 $0 0.00%

    For 2024, Franklin Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 79 originations. The 2nd most popular reason was Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 105 $26,725,000 $254,524 $0 0.00%

    For 2024, Franklin Bank & Trust Company's most frequently cited loan duration was Other, with 105 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 44 $6,540,000 $148,636 $0 0.00%
    $200k-400k 26 $7,080,000 $272,308 $0 0.00%
    $100,000 or less 19 $965,000 $50,789 $0 0.00%
    $400k-600k 9 $4,325,000 $480,556 $0 0.00%
    $600k-1MM 4 $3,530,000 $882,500 $0 0.00%
    $1MM+ 3 $4,285,000 $1,428,333 $0 0.00%

    2024 saw Franklin Bank & Trust Company place emphasis on $100k-200k loans with 44 originations, totaling $6,540,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 14 $5,280,000 $377,143 $0 0.00%
    $150k-250k 12 $2,490,000 $207,500 $0 0.00%
    $50k or less 9 $855,000 $95,000 $0 0.00%
    $75k-100k 9 $1,395,000 $155,000 $0 0.00%
    $100k-150k 5 $1,305,000 $261,000 $0 0.00%
    $50k-75k 4 $590,000 $147,500 $0 0.00%

    Franklin Bank & Trust Company lent most frequently to those with incomes in the $250k+ range, with 14 originations. The second most popular income band? $150k-250k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 105 $26,725,000 $254,524 $0 0.00%

    Franklin Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 105 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 52 $14,810,000 $284,808 $0 0.00%
    White 50 $11,770,000 $235,400 $0 0.00%
    Black 3 $145,000 $48,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    99.07%

    Franklin Bank & Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    98.10%

    Franklin Bank & Trust Company has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 105 $26,725,000 $254,524

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    105 $26,725,000 $254,524