Bank Of Franklin County Mortgage Rates, Fees & Info

Washington, MO

LEI: 549300BI43WZOK3XF350

Tax ID: 43-1894848

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Bank Of Franklin County is a smaller bank specializing in Home Purchase and Refi loans. Bank Of Franklin County has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Columbia, Jefferson City, Kansas City, and Branson among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

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

208

Origination Dollar Volume (All Markets)

$59,480,000

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
ST. LOUIS, MO-IL (FHA\|USDA\|VA)	180	$49,750,000	$276,389	$0	0.00%
Outside of Metro Areas	10	$4,400,000	$440,000	$0	0.00%
COLUMBIA, MO (FHA\|USDA\|VA)	11	$3,255,000	$295,909	$0	0.00%
JEFFERSON CITY, MO (FHA\|USDA\|VA)	4	$1,010,000	$252,500	$0	0.00%
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	2	$820,000	$410,000	$0	0.00%
Branson, MO (FHA\|USDA\|VA)	1	$245,000	$245,000	$0	0.00%

Bank Of Franklin County's top markets include St. Louis, Columbia, Jefferson City, Kansas City, and Branson among others.

Their top states include:

Missouri (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	208	$59,480,000	$285,962	$0	0.00%

For 2022, Bank Of Franklin County's most frequently originated type of loan was Conventional, with 208 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	147	$43,745,000	$297,585	$0	0.00%
Refi	43	$13,445,000	$312,674	$0	0.00%
Home Improvement	9	$975,000	$108,333	$0	0.00%
Other	5	$325,000	$65,000	$0	0.00%
Cash Out Refi	4	$990,000	$247,500	$0	0.00%

For 2022, Bank Of Franklin County's most frequently cited loan purpose was Home Purchase, with 147 originations. The 2nd most popular reason was Refi, with 43 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	208	$59,480,000	$285,962	$0	0.00%

For 2022, Bank Of Franklin County's most frequently cited loan duration was Other, with 208 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	84	$24,420,000	$290,714	$0	0.00%
$100k-200k	57	$8,655,000	$151,842	$0	0.00%
$400k-600k	29	$13,895,000	$479,138	$0	0.00%
$100,000 or less	26	$1,500,000	$57,692	$0	0.00%
$600k-1MM	10	$7,100,000	$710,000	$0	0.00%
$1MM+	2	$3,910,000	$1,955,000	$0	0.00%

2022 saw Bank Of Franklin County place emphasis on $200k-400k loans with 84 originations, totaling $24,420,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	53	$15,125,000	$285,377	$0	0.00%
$75k-100k	37	$7,005,000	$189,324	$0	0.00%
$50k-75k	29	$5,565,000	$191,897	$0	0.00%
$150k-250k	28	$12,330,000	$440,357	$0	0.00%
$250k+	22	$10,670,000	$485,000	$0	0.00%
$50k or less	17	$1,855,000	$109,118	$0	0.00%

Bank Of Franklin County lent most frequently to those with incomes in the $100k-150k range, with 53 originations. The second most popular income band? $75k-100k, with 37 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	208	$59,480,000	$285,962	$0	0.00%

Bank Of Franklin County lent most frequently to those with DTI ratios of Exempt%, with 208 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	174	$46,710,000	$268,448	$0	0.00%
Not applicable	12	$4,950,000	$412,500	$0	0.00%
Asian	9	$3,575,000	$397,222	$0	0.00%
Not provided	9	$3,205,000	$356,111	$0	0.00%
Black	4	$1,040,000	$260,000	$0	0.00%

Approval Rates

Total approvals of all applications
96.97%

Bank Of Franklin County 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
79.33%

Bank Of Franklin County has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	208	$59,480,000	$285,962

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	208	$59,480,000	$285,962

Complaints

Bank Name	Product	Issue	2022 CPFB Complaints	% of Total Issues
BANK OF NEW YORK MELLON CORPORATION, THE	Reverse mortgage	Struggling to pay mortgage	1	100.0%