Bank Of Franklin County Mortgage Rates, Fees & Info
Washington, MOLEI: 549300BI43WZOK3XF350
Tax ID: 43-1894848
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Mortgage Data
Review & Overview
Bank Of Franklin County is a smaller bank specializing in Home Purchase loans. Bank Of Franklin County has a high proportion of conventional loans. Their top (well, only) market is St. Louis.Bank Of Franklin County 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.
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Originations
98Origination Dollar Volume (All Markets)
$23,810,000Top 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 |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 96 | $23,180,000 | $241,458 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $630,000 | $315,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 98 | $23,810,000 | $242,959 | $0 | 0.00% |
For 2023, Bank Of Franklin County's most frequently originated type of loan was Conventional, with 98 originations.
Loan Reason
For 2023, Bank Of Franklin County's most frequently cited loan purpose was Home Purchase, with 56 originations. The 2nd most popular reason was Home Improvement, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 98 | $23,810,000 | $242,959 | $0 | 0.00% |
For 2023, Bank Of Franklin County's most frequently cited loan duration was Other, with 98 originations.
Loan Sizing
2023 saw Bank Of Franklin County place emphasis on $100,000 or less loans with 34 originations, totaling $1,700,000 in origination value.
Applicant Income
Bank Of Franklin County lent most frequently to those with incomes in the $100k-150k range, with 23 originations. The second most popular income band? $150k-250k, with 19 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 98 | $23,810,000 | $242,959 | $0 | 0.00% |
Bank Of Franklin County lent most frequently to those with DTI ratios of Exempt%, with 98 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.98%
Bank Of Franklin County has an average approval rate.
Pick Rate
Approvals leading to origination78.57%
Bank Of Franklin County has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 98 | $23,810,000 | $242,959 |