Franklin Bank & Trust Company Mortgage Rates, Fees & Info
Franklin, KYLEI: 5493008MFIR0PTRGGL44
Tax ID: 61-0547583
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Mortgage Data
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, Crestview, Nashville, Glasgow, and Daphne among others. We have data for 14 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.
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Originations
156Origination Dollar Volume (All Markets)
$53,310,000Top 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 |
|---|---|---|---|---|---|
| BOWLING GREEN, KY (FHA|USDA|VA) | 76 | $30,440,000 | $400,526 | $0 | 0.00% |
| Outside of Metro Areas | 50 | $8,630,000 | $172,600 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 4 | $6,900,000 | $1,725,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 12 | $4,480,000 | $373,333 | $0 | 0.00% |
| Glasgow, KY (FHA|USDA|VA) | 4 | $670,000 | $167,500 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 0.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 156 | $53,310,000 | $341,731 | $0 | 0.00% |
For 2022, Franklin Bank & Trust Company's most frequently originated type of loan was Conventional, with 156 originations.
Loan Reason
For 2022, Franklin Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 107 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 | 156 | $53,310,000 | $341,731 | $0 | 0.00% |
For 2022, Franklin Bank & Trust Company's most frequently cited loan duration was Other, with 156 originations.
Loan Sizing
2022 saw Franklin Bank & Trust Company place emphasis on $100k-200k loans with 58 originations, totaling $8,840,000 in origination value.
Applicant Income
Franklin Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 29 originations. The second most popular income band? $100k-150k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 156 | $53,310,000 | $341,731 | $0 | 0.00% |
Franklin Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 156 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.39%
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 origination96.15%
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 | 156 | $53,310,000 | $341,731 |