Franklin First Financial, Ltd Mortgage Lending & HMDA Data, 2013

In 2013, Franklin First Financial, Ltd of Melville, NY reported 3,010 mortgage applications totaling $870.0 million, up 10% from 2012. The average application was for $289,035, and applicants reported an average income of $93,971. 45% of its applications resulted in an originated loan and 10% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (1,023), Nassau-Suffolk, NY (648) and Newark-Union, NJ-PA (104) (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 3,010
Total Mortgage Loan Application Amount $869,996,000
Average Mortgage Loan Application Amount $289,035
Highest Mortgage Loan Application Amount $1,480,000
Average Applicant Income $93,971
Highest Applicant Income $1,348,000

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records Franklin First Financial, Ltd filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2013

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-White Plains-Wayne, NY-NJ 1,023 $ 347,216,000 $ 339,409 $ 99,709
Nassau-Suffolk, NY 648 $ 207,303,000 $ 319,912 $ 117,000
Newark-Union, NJ-PA 104 $ 26,335,000 $ 253,221 $ 90,230
Edison-New Brunswick, NJ 102 $ 29,571,000 $ 289,911 $ 127,000
Los Angeles-Long Beach-Glendale, CA 71 $ 22,852,000 $ 321,859 $ 84,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 55 $ 12,597,000 $ 229,036 $ 97,000
West Palm Beach-Boca Raton-Boynton Beach, FL 54 $ 12,172,000 $ 225,407 $ 92,000
Camden, NJ 51 $ 9,660,000 $ 189,411 $ 57,000
Philadelphia, PA 51 $ 12,862,000 $ 252,196 $ 89,000
Baltimore-Towson, MD 46 $ 11,512,000 $ 250,260 $ 77,000
Poughkeepsie-Newburgh-Middletown, NY 32 $ 8,648,000 $ 270,250 $ 98,000
Boston-Quincy, MA 31 $ 7,938,000 $ 256,064 $ 93,000
Cambridge-Newton-Framingham, MA 29 $ 8,905,000 $ 307,068 $ 102,000
Washington-Arlington-Alexandria, DC-VA-MD-WV 29 $ 8,374,000 $ 288,758 $ 123,241
Atlanta-Sandy Springs-Marietta, GA 22 $ 3,728,000 $ 169,454 $ 27,000
Miami-Miami Beach-Kendall, FL 19 $ 4,240,000 $ 223,157 $ 109,000
Peabody, MA 19 $ 5,642,000 $ 296,947 $ 91,000
Rockingham County-Strafford County, NH 19 $ 4,404,000 $ 231,789 $ 87,000
Allentown-Bethlehem-Easton, PA-NJ 16 $ 3,515,000 $ 219,687 $ 94,250
Bridgeport-Stamford-Norwalk, CT 16 $ 4,677,000 $ 292,312 $ 94,000
Hartford-West Hartford-East Hartford, CT 15 $ 3,963,000 $ 264,200 $ 54,000
Chicago-Joliet-Naperville, IL 14 $ 3,086,000 $ 220,428 $ 70,000
Orlando-Kissimmee-Sanford, FL 13 $ 1,909,000 $ 146,846 $ 107,000
Riverside-San Bernardino-Ontario, CA 13 $ 3,715,000 $ 285,769 $ 36,000
Houston-Sugar Land-Baytown, TX 12 $ 2,150,000 $ 179,166 $ 46,000
Manchester-Nashua, NH 12 $ 2,121,000 $ 176,750 $ 67,000
Providence-New Bedford-Fall River, RI-MA 11 $ 2,226,000 $ 202,363 $ 63,636
York-Hanover, PA 11 $ 2,073,000 $ 188,454 $ 72,000
Charlotte-Gastonia-Rock Hill, NC-SC 10 $ 1,816,000 $ 181,600 $ 39,200
Fayetteville, NC 9 $ 1,323,000 $ 147,000 $ 23,000
Rochester, NY 9 $ 1,215,000 $ 135,000 $ 52,000
San Diego-Carlsbad-San Marcos, CA 9 $ 3,246,000 $ 360,666 $ 69,000
Charleston-North Charleston-Summerville, SC 8 $ 1,388,000 $ 173,500 $ 25,000
Portland-Vancouver-Hillsboro, OR-WA 8 $ 1,595,000 $ 199,375 $ 27,500
Raleigh-Cary, NC 8 $ 1,858,000 $ 232,250 $ 82,000
Bethesda-Rockville-Frederick, MD 7 $ 3,529,000 $ 504,142 $ 126,000
Jacksonville, FL 7 $ 1,240,000 $ 177,142 $ 35,000
Kingston, NY 7 $ 1,231,000 $ 175,857 $ 41,000
Minneapolis-St. Paul-Bloomington, MN-WI 7 $ 1,578,000 $ 225,428 $ 102,000
New Haven-Milford, CT 7 $ 1,618,000 $ 231,142 $ 59,000
Oklahoma City, OK 7 $ 1,204,000 $ 172,000 $ 44,000
Trenton-Ewing, NJ 7 $ 1,828,000 $ 261,142 $ 80,000
Worcester, MA 7 $ 1,710,000 $ 244,285 $ 55,000
Albany-Schenectady-Troy, NY 6 $ 1,141,000 $ 190,166 $ 33,000
Buffalo-Niagara Falls, NY 6 $ 987,000 $ 164,500 $ 73,000
Port St. Lucie, FL 6 $ 1,389,000 $ 231,500 $ 215,000
Springfield, MA 6 $ 1,458,000 $ 243,000 $ 88,000
Wilmington, NC 6 $ 1,236,000 $ 206,000 $ 56,000
Atlantic City-Hammonton, NJ 5 $ 982,000 $ 196,400 $ 93,000
Barnstable Town, MA 5 $ 1,165,000 $ 233,000 $ 68,000
Colorado Springs, CO 5 $ 2,007,000 $ 401,400 $ 87,000
Denver-Aurora-Broomfield, CO 5 $ 1,090,000 $ 218,000 $ 56,000
Greenville-Mauldin-Easley, SC 5 $ 663,000 $ 132,600 $ 35,000
Indianapolis-Carmel, IN 5 $ 644,000 $ 128,800 $ 12,000
Pittsburgh, PA 5 $ 626,000 $ 125,200 $ 61,000
Sacramento--Arden-Arcade--Roseville, CA 5 $ 1,247,000 $ 249,400 $ 43,000
Salt Lake City, UT 5 $ 1,331,000 $ 266,200 $ 74,000
San Antonio-New Braunfels, TX 5 $ 988,000 $ 197,600 $ 20,000
Santa Ana-Anaheim-Irvine, CA 5 $ 1,802,000 $ 360,400 $ 92,000
Seattle-Bellevue-Everett, WA 5 $ 703,000 $ 140,600 $ 98,000
Tulsa, OK 5 $ 693,000 $ 138,600 $ 0
El Centro, CA 4 $ 814,000 $ 203,500 $ 0
Nashville-Davidson--Murfreesboro--Franklin, TN 4 $ 995,000 $ 248,750 $ 54,000
Norwich-New London, CT 4 $ 808,000 $ 202,000 $ 54,000
Tacoma, WA 4 $ 864,000 $ 216,000 $ 54,000
Tampa-St. Petersburg-Clearwater, FL 4 $ 621,000 $ 155,250 $ 57,000
Utica-Rome, NY 4 $ 774,000 $ 193,500 $ 73,000
Austin-Round Rock-San Marcos, TX 3 $ 689,000 $ 229,666 $ 91,000
Bakersfield-Delano, CA 3 $ 459,000 $ 153,000 $ 0
Bremerton-Silverdale, WA 3 $ 795,000 $ 265,000 $ 114,000
Columbia, SC 3 $ 398,000 $ 132,666 $ 19,000
Dallas-Plano-Irving, TX 3 $ 616,000 $ 205,333 $ 44,000
Durham-Chapel Hill, NC 3 $ 628,000 $ 209,333 $ 97,000
Harrisburg-Carlisle, PA 3 $ 587,000 $ 195,666 $ 63,000
Killeen-Temple-Fort Hood, TX 3 $ 549,000 $ 183,000 $ 74,000
Myrtle Beach-North Myrtle Beach-Conway, SC 3 $ 449,000 $ 149,666 $ 44,000
Portland-South Portland-Biddeford, ME 3 $ 586,000 $ 195,333 $ 94,000
Salem, OR 3 $ 592,000 $ 197,333 $ 34,000
Stockton, CA 3 $ 708,000 $ 236,000 $ 0
Vineland-Millville-Bridgeton, NJ 3 $ 419,000 $ 139,666 $ 41,000
Augusta-Richmond County, GA-SC 2 $ 369,000 $ 184,500 $ 0
Bellingham, WA 2 $ 669,000 $ 334,500 $ 91,000
Boise City-Nampa, ID 2 $ 307,000 $ 153,500 $ 0
Cape Coral-Fort Myers, FL 2 $ 353,000 $ 176,500 $ 72,000
Clarksville, TN-KY 2 $ 318,000 $ 159,000 $ 0
Crestview-Fort Walton Beach-Destin, FL 2 $ 420,000 $ 210,000 $ 77,000
Fresno, CA 2 $ 291,000 $ 145,500 $ 0
Greensboro-High Point, NC 2 $ 469,000 $ 234,500 $ 44,000
Hanford-Corcoran, CA 2 $ 260,000 $ 130,000 $ 0
Jacksonville, NC 2 $ 368,000 $ 184,000 $ 163,000
Johnson City, TN 2 $ 670,000 $ 335,000 $ 79,000
Little Rock-North Little Rock-Conway, AR 2 $ 336,000 $ 168,000 $ 130,000
Macon, GA 2 $ 224,000 $ 112,000 $ 13,000
Memphis, TN-MS-AR 2 $ 228,000 $ 114,000 $ 29,000
Napa, CA 2 $ 777,000 $ 388,500 $ 147,000
Oakland-Fremont-Hayward, CA 2 $ 1,204,000 $ 602,000 $ 50,000
Olympia, WA 2 $ 345,000 $ 172,500 $ 0
Reading, PA 2 $ 315,000 $ 157,500 $ 59,000
Spartanburg, SC 2 $ 251,000 $ 125,500 $ 23,000
Sumter, SC 2 $ 277,000 $ 138,500 $ 0
Williamsport, PA 2 $ 250,000 $ 125,000 $ 73,000
Winston-Salem, NC 2 $ 395,000 $ 197,500 $ 113,000
Akron, OH 1 $ 105,000 $ 105,000 $ 48,000
Albuquerque, NM 1 $ 116,000 $ 116,000 $ 36,000
Altoona, PA 1 $ 126,000 $ 126,000 $ 52,000
Anderson, SC 1 $ 198,000 $ 198,000 $ 0
Asheville, NC 1 $ 135,000 $ 135,000 $ 90,000
Beaumont-Port Arthur, TX 1 $ 136,000 $ 136,000 $ 46,000
Binghamton, NY 1 $ 116,000 $ 116,000 $ 46,000
Casper, WY 1 $ 120,000 $ 120,000 $ 19,000
Chico, CA 1 $ 128,000 $ 128,000 $ 0
Cincinnati-Middletown, OH-KY-IN 1 $ 144,000 $ 144,000 $ 0
Cleveland, TN 1 $ 315,000 $ 315,000 $ 0
Cleveland-Elyria-Mentor, OH 1 $ 104,000 $ 104,000 $ 0
College Station-Bryan, TX 1 $ 138,000 $ 138,000 $ 0
Columbus, GA-AL 1 $ 257,000 $ 257,000 $ 0
Dayton, OH 1 $ 234,000 $ 234,000 $ 0
Des Moines-West Des Moines, IA 1 $ 132,000 $ 132,000 $ 0
Dover, DE 1 $ 171,000 $ 171,000 $ 0
Elmira, NY 1 $ 122,000 $ 122,000 $ 67,000
Flint, MI 1 $ 108,000 $ 108,000 $ 0
Gainesville, FL 1 $ 162,000 $ 162,000 $ 0
Grand Rapids-Wyoming, MI 1 $ 128,000 $ 128,000 $ 59,000
Greeley, CO 1 $ 155,000 $ 155,000 $ 56,000
Kennewick-Pasco-Richland, WA 1 $ 244,000 $ 244,000 $ 0
Kokomo, IN 1 $ 169,000 $ 169,000 $ 0
Lancaster, PA 1 $ 206,000 $ 206,000 $ 0
Lincoln, NE 1 $ 96,000 $ 96,000 $ 60,000
Madera-Chowchilla, CA 1 $ 235,000 $ 235,000 $ 0
Modesto, CA 1 $ 130,000 $ 130,000 $ 41,000
Muskegon-Norton Shores, MI 1 $ 156,000 $ 156,000 $ 31,000
Naples-Marco Island, FL 1 $ 166,000 $ 166,000 $ 103,000
North Port-Bradenton-Sarasota, FL 1 $ 203,000 $ 203,000 $ 30,000
Ocala, FL 1 $ 167,000 $ 167,000 $ 52,000
Omaha-Council Bluffs, NE-IA 1 $ 149,000 $ 149,000 $ 0
Pittsfield, MA 1 $ 100,000 $ 100,000 $ 138,000
Provo-Orem, UT 1 $ 252,000 $ 252,000 $ 51,000
Pueblo, CO 1 $ 121,000 $ 121,000 $ 0
Punta Gorda, FL 1 $ 160,000 $ 160,000 $ 98,000
Redding, CA 1 $ 156,000 $ 156,000 $ 37,000
San Angelo, TX 1 $ 115,000 $ 115,000 $ 0
San Luis Obispo-Paso Robles, CA 1 $ 182,000 $ 182,000 $ 40,000
Santa Barbara-Santa Maria-Goleta, CA 1 $ 626,000 $ 626,000 $ 93,000
Santa Cruz-Watsonville, CA 1 $ 480,000 $ 480,000 $ 111,000
Santa Fe, NM 1 $ 255,000 $ 255,000 $ 151,000
Scranton--Wilkes-Barre, PA 1 $ 165,000 $ 165,000 $ 28,000
Spokane, WA 1 $ 237,000 $ 237,000 $ 0
Springfield, OH 1 $ 125,000 $ 125,000 $ 0
St. Cloud, MN 1 $ 140,000 $ 140,000 $ 0
St. Louis, MO-IL 1 $ 114,000 $ 114,000 $ 137,000
Syracuse, NY 1 $ 132,000 $ 132,000 $ 113,000
Tallahassee, FL 1 $ 142,000 $ 142,000 $ 82,000
Waco, TX 1 $ 166,000 $ 166,000 $ 0
Wichita Falls, TX 1 $ 123,000 $ 123,000 $ 0
Wilmington, DE-MD-NJ 1 $ 123,000 $ 123,000 $ 35,000
Yakima, WA 1 $ 112,000 $ 112,000 $ 0
Yuba City, CA 1 $ 224,000 $ 224,000 $ 0

Mortgage Loan Application Detail Totals for Franklin First Financial, Ltd in 2013

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 1,913 $530,737,000 $277,000 $1,468,000 $87,000 $1,348,000
Home Purchase 1,093 $337,742,000 $309,000 $1,480,000 $106,000 $1,343,000
Home Improvement 4 $1,517,000 $379,000 $731,000 $141,000 $320,000

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 1,504 $427,695,000 $284,000 $1,480,000 $101,000 $1,348,000
Black or African American 561 $159,448,000 $284,000 $951,000 $74,000 $300,000
Not Provided 379 $113,763,000 $300,000 $1,033,000 $107,000 $591,000
Hispanic 359 $99,837,000 $278,000 $730,000 $79,000 $305,000
Asian 188 $63,570,000 $338,000 $773,000 $104,000 $1,334,000
Native Hawaiian or Other Pacific Islander 10 $2,404,000 $240,000 $358,000 $46,000 $75,000
American Indian or Alaskan Native 9 $3,279,000 $364,000 $1,023,000 $97,000 $219,000
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
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 1,541 $448,697,000 $291,000 $1,480,000 $117,000 $1,348,000
FHA-insured (Federal Housing Administration) 1,245 $376,508,000 $302,000 $1,178,000 $77,000 $591,000
VA-guaranteed (Veterans Administration) 219 $43,738,000 $199,000 $789,000 $26,000 $234,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 5 $1,053,000 $210,000 $240,000 $73,000 $91,000

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 1,348 $382,590,000 $283,000 $1,209,000 $90,000 $1,343,000
File Closed For Incompleteness 914 $267,037,000 $292,000 $1,178,000 $100,000 $1,348,000
Application Approved But Not Accepted 299 $88,524,000 $296,000 $1,163,000 $95,000 $495,000
Application Denied By Financial Institution 298 $87,350,000 $293,000 $1,480,000 $97,000 $1,077,000
Application Withdrawn By Applicant 151 $44,495,000 $294,000 $1,468,000 $87,000 $574,000
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 96 $31,962,000 $332,000 $1,480,000 $88,000 $484,000
Collateral 66 $18,703,000 $283,000 $589,000 $139,000 $1,077,000
Credit History 46 $10,376,000 $225,000 $420,000 $61,000 $225,000
Other 42 $11,809,000 $281,000 $736,000 $96,000 $431,000
Unverifiable Information 12 $3,503,000 $291,000 $625,000 $102,000 $251,000
Insufficient Cash (Downpayment, Closing Cost) 12 $5,202,000 $433,000 $1,200,000 $124,000 $405,000
Employment History 8 $1,907,000 $238,000 $452,000 $48,000 $72,000
Credit Application Incomplete 2 $490,000 $245,000 $265,000 $45,000 $64,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Franklin First Financial, Ltd's 2013 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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