Franklin First Financial, Ltd Mortgage Lending & HMDA Data, 2017

In 2017, Franklin First Financial, Ltd of Melville, NY reported 2,723 mortgage applications totaling $864.0 million, up 4% from 2016. The average application was for $317,315, and applicants reported an average income of $91,965. 50% of its applications resulted in an originated loan and 5% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (816), Nassau County-Suffolk County, NY (645) and West Palm Beach-Boca Raton-Delray Beach, FL (123) (applications in parentheses).

Mortgage Company & Address Franklin First Financial, Ltd
538 Broadhollow Road
Melville, NY 11747
Tel #: available with data download
Federal Regulator * available with data download
Years 2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  
Total Number of Mortgage Applications 2,723
Total Mortgage Loan Application Amount $864,049,000
Average Mortgage Loan Application Amount $317,315
Highest Mortgage Loan Application Amount $1,500,000
Average Applicant Income $91,965
Highest Applicant Income $4,328,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Franklin First Financial, Ltd filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Franklin First Financial, Ltd by Metropolitan Area in 2017

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
New York-Jersey City-White Plains, NY-NJ 816 $ 331,947,000 $ 406,797 $ 99,208
Nassau County-Suffolk County, NY 645 $ 225,054,000 $ 348,920 $ 111,000
West Palm Beach-Boca Raton-Delray Beach, FL 123 $ 30,516,000 $ 248,097 $ 91,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 81 $ 19,962,000 $ 246,444 $ 71,000
Newark, NJ-PA 65 $ 18,220,000 $ 280,307 $ 110,000
Los Angeles-Long Beach-Glendale, CA 62 $ 24,991,000 $ 403,080 $ 94,000
Atlanta-Sandy Springs-Roswell, GA 51 $ 11,755,000 $ 230,490 $ 61,000
Denver-Aurora-Lakewood, CO 40 $ 9,301,000 $ 232,525 $ 29,000
Miami-Miami Beach-Kendall, FL 39 $ 9,299,000 $ 238,435 $ 214,000
Orlando-Kissimmee-Sanford, FL 29 $ 5,842,000 $ 201,448 $ 49,000
Port St. Lucie, FL 29 $ 6,970,000 $ 240,344 $ 93,000
Tampa-St. Petersburg-Clearwater, FL 23 $ 5,678,000 $ 246,869 $ 69,000
Camden, NJ 22 $ 3,705,000 $ 168,409 $ 73,000
Chicago-Naperville-Arlington Heights, IL 22 $ 4,266,000 $ 193,909 $ 43,000
Riverside-San Bernardino-Ontario, CA 22 $ 6,972,000 $ 316,909 $ 94,000
Boston, MA 18 $ 5,058,000 $ 281,000 $ 69,000
Bridgeport-Stamford-Norwalk, CT 18 $ 4,990,000 $ 277,222 $ 68,000
Dutchess County-Putnam County, NY 17 $ 4,542,000 $ 267,176 $ 91,000
Cape Coral-Fort Myers, FL 16 $ 4,926,000 $ 307,875 $ 171,000
Philadelphia, PA 16 $ 3,074,000 $ 192,125 $ 60,000
New Haven-Milford, CT 13 $ 2,301,000 $ 177,000 $ 56,000
Montgomery County-Bucks County-Chester County, PA 12 $ 3,146,000 $ 262,166 $ 77,000
North Port-Sarasota-Bradenton, FL 12 $ 2,539,000 $ 211,583 $ 82,000
Baltimore-Columbia-Towson, MD 10 $ 2,202,000 $ 220,200 $ 56,000
Hartford-West Hartford-East Hartford, CT 10 $ 1,511,000 $ 151,100 $ 50,000
Jacksonville, FL 10 $ 2,281,000 $ 228,100 $ 71,000
Pittsburgh, PA 9 $ 1,116,000 $ 124,000 $ 28,000
Warren-Troy-Farmington Hills, MI 8 $ 1,208,000 $ 151,000 $ 36,000
Washington-Arlington-Alexandria, DC-VA-MD-WV 8 $ 2,488,000 $ 311,000 $ 51,000
Cambridge-Newton-Framingham, MA 7 $ 2,102,000 $ 300,285 $ 32,000
Charleston-North Charleston, SC 7 $ 1,678,000 $ 239,714 $ 56,000
Charlotte-Concord-Gastonia, NC-SC 7 $ 1,828,000 $ 261,142 $ 102,142
Columbia, SC 7 $ 1,300,000 $ 185,714 $ 57,000
Crestview-Fort Walton Beach-Destin, FL 7 $ 1,921,000 $ 274,428 $ 83,000
Worcester, MA-CT 7 $ 912,000 $ 130,285 $ 22,714
Austin-Round Rock, TX 6 $ 835,000 $ 139,166 $ 4,000
Dallas-Plano-Irving, TX 6 $ 704,000 $ 117,333 $ 32,000
Deltona-Daytona Beach-Ormond Beach, FL 6 $ 819,000 $ 136,500 $ 35,000
Houston-The Woodlands-Sugar Land, TX 6 $ 991,000 $ 165,166 $ 41,000
Ocala, FL 6 $ 590,000 $ 98,333 $ 9,000
Portland-Vancouver-Hillsboro, OR-WA 6 $ 2,482,000 $ 413,666 $ 192,000
San Diego-Carlsbad, CA 6 $ 1,826,000 $ 304,333 $ 71,000
Albany-Schenectady-Troy, NY 5 $ 844,000 $ 168,800 $ 37,000
Anaheim-Santa Ana-Irvine, CA 5 $ 3,338,000 $ 667,600 $ 242,000
Buffalo-Cheektowaga-Niagara Falls, NY 5 $ 739,000 $ 147,800 $ 49,000
Cleveland-Elyria, OH 5 $ 1,222,000 $ 244,400 $ 129,000
Minneapolis-St. Paul-Bloomington, MN-WI 5 $ 1,229,000 $ 245,800 $ 90,000
Oxnard-Thousand Oaks-Ventura, CA 5 $ 3,357,000 $ 671,400 $ 76,000
Reading, PA 5 $ 347,000 $ 69,400 $ 13,000
Rochester, NY 5 $ 783,000 $ 156,600 $ 38,000
Sacramento--Roseville--Arden-Arcade, CA 5 $ 1,707,000 $ 341,400 $ 79,000
Seattle-Bellevue-Everett, WA 5 $ 1,691,000 $ 338,200 $ 32,000
Sebastian-Vero Beach, FL 5 $ 508,000 $ 101,600 $ 22,000
Springfield, MA 5 $ 1,326,000 $ 265,200 $ 52,000
Stockton-Lodi, CA 5 $ 1,838,000 $ 367,600 $ 101,000
Allentown-Bethlehem-Easton, PA-NJ 4 $ 958,000 $ 239,500 $ 80,000
Atlantic City-Hammonton, NJ 4 $ 610,000 $ 152,500 $ 51,000
Bakersfield, CA 4 $ 581,000 $ 145,250 $ 56,000
Lancaster, PA 4 $ 1,051,000 $ 262,750 $ 114,000
Naples-Immokalee-Marco Island, FL 4 $ 1,003,000 $ 250,750 $ 81,000
Nashville-Davidson--Murfreesboro--Franklin, TN 4 $ 1,084,000 $ 271,000 $ 78,000
Oakland-Hayward-Berkeley, CA 4 $ 715,000 $ 178,750 $ 22,000
Palm Bay-Melbourne-Titusville, FL 4 $ 796,000 $ 199,000 $ 61,000
Portland-South Portland, ME 4 $ 715,000 $ 178,750 $ 45,000
Providence-Warwick, RI-MA 4 $ 716,000 $ 179,000 $ 50,000
Syracuse, NY 4 $ 466,000 $ 116,500 $ 24,000
Vallejo-Fairfield, CA 4 $ 1,568,000 $ 392,000 $ 78,000
Boulder, CO 3 $ 782,000 $ 260,666 $ 38,000
Cincinnati, OH-KY-IN 3 $ 394,000 $ 131,333 $ 71,000
Colorado Springs, CO 3 $ 686,000 $ 228,666 $ 68,000
East Stroudsburg, PA 3 $ 311,000 $ 103,666 $ 74,000
Elgin, IL 3 $ 385,000 $ 128,333 $ 72,000
Fort Collins, CO 3 $ 848,000 $ 282,666 $ 44,000
Fresno, CA 3 $ 677,000 $ 225,666 $ 88,000
Gettysburg, PA 3 $ 606,000 $ 202,000 $ 119,000
Greeley, CO 3 $ 363,000 $ 121,000 $ 12,000
Harrisburg-Carlisle, PA 3 $ 340,000 $ 113,333 $ 46,000
Hilton Head Island-Bluffton-Beaufort, SC 3 $ 384,000 $ 128,000 $ 7,000
Indianapolis-Carmel-Anderson, IN 3 $ 709,000 $ 236,333 $ 24,000
Lakeland-Winter Haven, FL 3 $ 703,000 $ 234,333 $ 90,000
Ocean City, NJ 3 $ 557,000 $ 185,666 $ 27,000
San Francisco-Redwood City-South San Francisco, CA 3 $ 894,000 $ 298,000 $ 29,000
Silver Spring-Frederick-Rockville, MD 3 $ 1,158,000 $ 386,000 $ 81,000
Asheville, NC 2 $ 216,000 $ 108,000 $ 70,000
California-Lexington Park, MD 2 $ 581,000 $ 290,500 $ 47,000
Chambersburg-Waynesboro, PA 2 $ 664,000 $ 332,000 $ 122,000
Clarksville, TN-KY 2 $ 207,000 $ 103,500 $ 0
Eugene, OR 2 $ 291,000 $ 145,500 $ 15,000
Fort Worth-Arlington, TX 2 $ 268,000 $ 134,000 $ 12,000
Gainesville, FL 2 $ 285,000 $ 142,500 $ 45,000
Glens Falls, NY 2 $ 401,000 $ 200,500 $ 90,000
Grand Rapids-Wyoming, MI 2 $ 82,000 $ 41,000 $ 8,000
Greenville-Anderson-Mauldin, SC 2 $ 158,000 $ 79,000 $ 30,000
Kingston, NY 2 $ 653,000 $ 326,500 $ 211,000
Memphis, TN-MS-AR 2 $ 737,000 $ 368,500 $ 113,000
Modesto, CA 2 $ 468,000 $ 234,000 $ 85,000
Myrtle Beach-Conway-North Myrtle Beach, SC-NC 2 $ 548,000 $ 274,000 $ 204,000
Norwich-New London, CT 2 $ 355,000 $ 177,500 $ 41,000
Punta Gorda, FL 2 $ 339,000 $ 169,500 $ 86,000
Raleigh, NC 2 $ 792,000 $ 396,000 $ 148,000
San Jose-Sunnyvale-Santa Clara, CA 2 $ 906,000 $ 453,000 $ 71,000
Santa Maria-Santa Barbara, CA 2 $ 959,000 $ 479,500 $ 250,000
Tallahassee, FL 2 $ 680,000 $ 340,000 $ 154,000
The Villages, FL 2 $ 288,000 $ 144,000 $ 41,000
Trenton, NJ 2 $ 690,000 $ 345,000 $ 28,000
Utica-Rome, NY 2 $ 154,000 $ 77,000 $ 24,000
Visalia-Porterville, CA 2 $ 380,000 $ 190,000 $ 61,000
Wilmington, DE-MD-NJ 2 $ 530,000 $ 265,000 $ 74,500
York-Hanover, PA 2 $ 474,000 $ 237,000 $ 46,000
Akron, OH 1 $ 112,000 $ 112,000 $ 34,000
Albuquerque, NM 1 $ 300,000 $ 300,000 $ 106,000
Athens-Clarke County, GA 1 $ 111,000 $ 111,000 $ 0
Bangor, ME 1 $ 46,000 $ 46,000 $ 0
Battle Creek, MI 1 $ 108,000 $ 108,000 $ 40,000
Beckley, WV 1 $ 35,000 $ 35,000 $ 0
Bellingham, WA 1 $ 325,000 $ 325,000 $ 0
Binghamton, NY 1 $ 65,000 $ 65,000 $ 0
Bismarck, ND 1 $ 115,000 $ 115,000 $ 48,000
Bremerton-Silverdale, WA 1 $ 612,000 $ 612,000 $ 0
Burlington-South Burlington, VT 1 $ 307,000 $ 307,000 $ 26,000
Casper, WY 1 $ 180,000 $ 180,000 $ 0
Chattanooga, TN-GA 1 $ 95,000 $ 95,000 $ 36,000
Chico, CA 1 $ 229,000 $ 229,000 $ 57,000
Cumberland, MD-WV 1 $ 113,000 $ 113,000 $ 56,000
Dalton, GA 1 $ 162,000 $ 162,000 $ 103,000
Dayton, OH 1 $ 201,000 $ 201,000 $ 75,000
Detroit-Dearborn-Livonia, MI 1 $ 190,000 $ 190,000 $ 109,000
Dover, DE 1 $ 63,000 $ 63,000 $ 14,000
El Paso, TX 1 $ 81,000 $ 81,000 $ 85,000
Fayetteville, NC 1 $ 240,000 $ 240,000 $ 152,000
Florence, SC 1 $ 290,000 $ 290,000 $ 136,000
Hinesville, GA 1 $ 322,000 $ 322,000 $ 0
Homosassa Springs, FL 1 $ 224,000 $ 224,000 $ 67,000
Huntington-Ashland, WV-KY-OH 1 $ 96,000 $ 96,000 $ 55,000
Huntsville, AL 1 $ 137,000 $ 137,000 $ 58,000
Ithaca, NY 1 $ 1,000 $ 1,000 $ 0
Kalamazoo-Portage, MI 1 $ 245,000 $ 245,000 $ 96,000
Kennewick-Richland, WA 1 $ 375,000 $ 375,000 $ 104,000
Kokomo, IN 1 $ 121,000 $ 121,000 $ 30,000
Little Rock-North Little Rock-Conway, AR 1 $ 190,000 $ 190,000 $ 38,000
Macon-Bibb County, GA 1 $ 222,000 $ 222,000 $ 108,000
McAllen-Edinburg-Mission, TX 1 $ 27,000 $ 27,000 $ 0
Olympia-Tumwater, WA 1 $ 146,000 $ 146,000 $ 51,000
Panama City, FL 1 $ 181,000 $ 181,000 $ 80,000
Pensacola-Ferry Pass-Brent, FL 1 $ 308,000 $ 308,000 $ 0
Rockingham County-Strafford County, NH 1 $ 519,000 $ 519,000 $ 492,000
Rocky Mount, NC 1 $ 136,000 $ 136,000 $ 24,000
Salem, OR 1 $ 254,000 $ 254,000 $ 55,000
Salisbury, MD-DE 1 $ 322,000 $ 322,000 $ 110,000
San Rafael, CA 1 $ 675,000 $ 675,000 $ 340,000
Savannah, GA 1 $ 62,000 $ 62,000 $ 0
Scranton--Wilkes-Barre--Hazleton, PA 1 $ 76,000 $ 76,000 $ 0
Virginia Beach-Norfolk-Newport News, VA-NC 1 $ 305,000 $ 305,000 $ 66,000
Walla Walla, WA 1 $ 5,000 $ 5,000 $ 0
Wichita, KS 1 $ 200,000 $ 200,000 $ 57,000
Youngstown-Warren-Boardman, OH-PA 1 $ 390,000 $ 390,000 $ 169,000

Mortgage Loan Application Detail Totals for Franklin First Financial, Ltd in 2017

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
Refinancing 1,363 $381,481,000 $279,000 $1,155,000 $73,000 $1,189,000
Home Purchase 1,342 $475,441,000 $354,000 $1,500,000 $111,000 $4,328,000
Home Improvement 18 $7,127,000 $395,000 $773,000 $109,000 $218,000

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
White 1,090 $325,906,000 $298,000 $1,500,000 $104,000 $4,328,000
Black or African American 632 $210,120,000 $332,000 $888,000 $88,000 $297,000
Not Provided 389 $108,016,000 $277,000 $1,248,000 $59,000 $987,000
Hispanic 384 $126,735,000 $330,000 $1,200,000 $87,000 $295,000
Asian 216 $88,423,000 $409,000 $960,000 $108,000 $973,000
Native Hawaiian or Other Pacific Islander 9 $3,712,000 $412,000 $1,440,000 $127,000 $458,000
American Indian or Alaskan Native 3 $1,137,000 $379,000 $424,000 $74,000 $92,000
Not applicable 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
FHA-insured (Federal Housing Administration) 1,323 $391,519,000 $295,000 $1,125,000 $67,000 $492,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 1,235 $417,222,000 $337,000 $1,500,000 $118,000 $4,328,000
VA-guaranteed (Veterans Administration) 162 $54,834,000 $338,000 $952,000 $96,000 $408,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 3 $474,000 $158,000 $237,000 $51,000 $61,000

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 1,371 $465,052,000 $339,000 $1,440,000 $103,000 $4,328,000
File Closed For Incompleteness 843 $236,551,000 $280,000 $1,500,000 $73,000 $973,000
Application Approved But Not Accepted 254 $84,928,000 $334,000 $1,068,000 $102,000 $987,000
Application Denied By Financial Institution 142 $45,041,000 $317,000 $1,002,000 $85,000 $203,000
Application Withdrawn By Applicant 113 $32,477,000 $287,000 $1,200,000 $86,000 $537,000
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 47 $16,462,000 $350,000 $1,002,000 $74,000 $186,000
Credit History 25 $7,793,000 $311,000 $530,000 $95,000 $187,000
Collateral 17 $4,190,000 $246,000 $766,000 $87,000 $157,000
Other 17 $4,868,000 $286,000 $942,000 $101,000 $194,000
Unverifiable Information 8 $3,015,000 $376,000 $623,000 $89,000 $197,000
Insufficient Cash (Downpayment, Closing Cost) 5 $1,740,000 $348,000 $520,000 $98,000 $150,000
Employment History 4 $2,091,000 $522,000 $628,000 $104,000 $188,000
Credit Application Incomplete 2 $643,000 $321,000 $353,000 $75,000 $90,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Franklin First Financial, Ltd's 2017 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 First Financial, Ltd'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.
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