Franklin Bank & Trust Company Mortgage Lending & HMDA Data, 2024
In 2024, Franklin Bank & Trust Company of Franklin, KY reported 108 mortgage applications totaling $28.0 million, down 12% from 2023. The average application was for $258,888, and applicants reported an average income of $208,592. 97% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Bowling Green, KY (59), Nashville-Davidson--Murfreesboro--Franklin, TN (4) and Crestview-Fort Walton Beach-Destin, FL (2) (applications in parentheses).
| Mortgage Company & Address | Franklin Bank & Trust Company P.O. Box 449 Franklin, KY 42134 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 108 |
| Total Mortgage Loan Application Amount | $27,960,000 |
| Average Mortgage Loan Application Amount | $258,888 |
| Highest Mortgage Loan Application Amount | $1,575,000 |
| Average Applicant Income | $208,592 |
| Highest Applicant Income | $1,794,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Franklin Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Warren, Kentucky | 58 | $ 16,120,000 | $ 277,931 | $ 283,000 |
| Simpson, Kentucky | 39 | $ 7,335,000 | $ 188,076 | $ 173,000 |
| Davidson, Tennessee | 3 | $ 1,875,000 | $ 625,000 | $ 397,000 |
| Walton, Florida | 2 | $ 1,730,000 | $ 865,000 | $ 0 |
| Grundy, Tennessee | 2 | $ 250,000 | $ 125,000 | $ 417,000 |
| Caldwell, Kentucky | 1 | $ 55,000 | $ 55,000 | $ 0 |
| Edmonson, Kentucky | 1 | $ 185,000 | $ 185,000 | $ 85,000 |
| Logan, Kentucky | 1 | $ 45,000 | $ 45,000 | $ 28,000 |
| Sumner, Tennessee | 1 | $ 365,000 | $ 365,000 | $ 153,000 |
Mortgage Loan Application Detail Totals for Franklin Bank & Trust Company in 2024
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 79 | $21,735,000 | $275,000 | $1,575,000 | $196,000 | $546,000 |
| Refinancing | 17 | $5,145,000 | $302,000 | $1,415,000 | $348,000 | $1,794,000 |
| Home Improvement | 12 | $1,080,000 | $90,000 | $365,000 | $94,000 | $192,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 52 | $14,810,000 | $284,000 | $1,575,000 | $0 | $0 |
| White | 50 | $11,890,000 | $237,000 | $1,415,000 | $225,000 | $1,794,000 |
| Black or African American | 3 | $145,000 | $48,000 | $55,000 | $96,000 | $169,000 |
| Hispanic | 2 | $140,000 | $70,000 | $125,000 | $188,000 | $311,000 |
| Asian | 1 | $975,000 | $975,000 | $975,000 | $300,000 | $300,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 108 | $27,960,000 | $258,000 | $1,575,000 | $218,000 | $1,794,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 105 | $26,725,000 | $254,000 | $1,575,000 | $223,000 | $1,794,000 |
| Application Withdrawn By Applicant | 2 | $260,000 | $130,000 | $215,000 | $51,000 | $74,000 |
| Application Denied By Financial Institution | 1 | $975,000 | $975,000 | $975,000 | $300,000 | $300,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 108 | $27,960,000 | $258,000 | $1,575,000 | $218,000 | $1,794,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Franklin Bank & Trust Company's 2024 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Franklin Bank & Trust Company's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Kentucky, download the full spreadsheet
with aggregated HMDA statistics today.
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