Franklin First Financial, Ltd Mortgage Lending & HMDA Data, 2016
In 2016, Franklin First Financial, Ltd of Melville, NY reported 2,613 mortgage applications totaling $893.7 million, down 13% from 2015. The average application was for $342,037, and applicants reported an average income of $104,227. 51% of its applications resulted in an originated loan and 6% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (992), Nassau County-Suffolk County, NY (729) and Los Angeles-Long Beach-Glendale, CA (81) (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 | 2,613 |
| Total Mortgage Loan Application Amount | $893,743,000 |
| Average Mortgage Loan Application Amount | $342,037 |
| Highest Mortgage Loan Application Amount | $1,625,000 |
| Average Applicant Income | $104,227 |
| Highest Applicant Income | $1,750,000 |
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records Franklin First Financial, Ltd filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 992 | $ 388,996,000 | $ 392,133 | $ 98,149 |
| Nassau County-Suffolk County, NY | 729 | $ 254,971,000 | $ 349,754 | $ 116,000 |
| Los Angeles-Long Beach-Glendale, CA | 81 | $ 34,258,000 | $ 422,938 | $ 107,000 |
| Newark, NJ-PA | 71 | $ 18,146,000 | $ 255,577 | $ 100,028 |
| Camden, NJ | 37 | $ 7,441,000 | $ 201,108 | $ 72,000 |
| Atlanta-Sandy Springs-Roswell, GA | 34 | $ 8,577,000 | $ 252,264 | $ 83,000 |
| Tampa-St. Petersburg-Clearwater, FL | 30 | $ 6,506,000 | $ 216,866 | $ 73,000 |
| Philadelphia, PA | 26 | $ 11,055,000 | $ 425,192 | $ 200,000 |
| Baltimore-Columbia-Towson, MD | 25 | $ 9,444,000 | $ 377,760 | $ 135,000 |
| Orlando-Kissimmee-Sanford, FL | 23 | $ 5,391,000 | $ 234,391 | $ 90,000 |
| Boston, MA | 22 | $ 6,552,000 | $ 297,818 | $ 100,000 |
| Riverside-San Bernardino-Ontario, CA | 19 | $ 5,959,000 | $ 313,631 | $ 112,000 |
| Chicago-Naperville-Arlington Heights, IL | 18 | $ 3,707,000 | $ 205,944 | $ 103,000 |
| Bridgeport-Stamford-Norwalk, CT | 17 | $ 4,794,000 | $ 282,000 | $ 82,000 |
| Montgomery County-Bucks County-Chester County, PA | 17 | $ 4,971,000 | $ 292,411 | $ 98,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 17 | $ 5,599,000 | $ 329,352 | $ 80,000 |
| Dutchess County-Putnam County, NY | 14 | $ 3,843,000 | $ 274,500 | $ 84,000 |
| Cambridge-Newton-Framingham, MA | 12 | $ 4,468,000 | $ 372,333 | $ 80,000 |
| Charlotte-Concord-Gastonia, NC-SC | 12 | $ 3,366,000 | $ 280,500 | $ 102,750 |
| Port St. Lucie, FL | 11 | $ 2,716,000 | $ 246,909 | $ 154,000 |
| East Stroudsburg, PA | 10 | $ 1,757,000 | $ 175,700 | $ 84,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 10 | $ 2,119,000 | $ 211,900 | $ 112,000 |
| North Port-Sarasota-Bradenton, FL | 10 | $ 2,542,000 | $ 254,200 | $ 84,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 9 | $ 3,091,000 | $ 343,444 | $ 130,333 |
| Hartford-West Hartford-East Hartford, CT | 9 | $ 2,129,000 | $ 236,555 | $ 94,000 |
| Miami-Miami Beach-Kendall, FL | 9 | $ 2,644,000 | $ 293,777 | $ 126,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 9 | $ 2,989,000 | $ 332,111 | $ 116,000 |
| Cleveland-Elyria, OH | 8 | $ 1,232,000 | $ 154,000 | $ 52,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 8 | $ 1,327,000 | $ 165,875 | $ 86,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 8 | $ 2,994,000 | $ 374,250 | $ 133,000 |
| Providence-Warwick, RI-MA | 8 | $ 2,314,000 | $ 289,250 | $ 117,500 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 8 | $ 3,211,000 | $ 401,375 | $ 152,000 |
| Lakeland-Winter Haven, FL | 7 | $ 1,230,000 | $ 175,714 | $ 71,000 |
| San Diego-Carlsbad, CA | 7 | $ 1,922,000 | $ 274,571 | $ 101,000 |
| Anaheim-Santa Ana-Irvine, CA | 6 | $ 2,243,000 | $ 373,833 | $ 203,000 |
| Jacksonville, FL | 6 | $ 1,392,000 | $ 232,000 | $ 36,000 |
| Oakland-Hayward-Berkeley, CA | 6 | $ 1,894,000 | $ 315,666 | $ 92,000 |
| Silver Spring-Frederick-Rockville, MD | 6 | $ 2,204,000 | $ 367,333 | $ 82,000 |
| Cape Coral-Fort Myers, FL | 5 | $ 1,804,000 | $ 360,800 | $ 132,000 |
| Houston-The Woodlands-Sugar Land, TX | 5 | $ 877,000 | $ 175,400 | $ 53,000 |
| Kingston, NY | 5 | $ 1,419,000 | $ 283,800 | $ 95,000 |
| Stockton-Lodi, CA | 5 | $ 1,575,000 | $ 315,000 | $ 72,000 |
| Wilmington, DE-MD-NJ | 5 | $ 1,597,000 | $ 319,400 | $ 133,600 |
| Akron, OH | 4 | $ 525,000 | $ 131,250 | $ 55,000 |
| Albany-Schenectady-Troy, NY | 4 | $ 778,000 | $ 194,500 | $ 82,000 |
| Dallas-Plano-Irving, TX | 4 | $ 866,000 | $ 216,500 | $ 37,000 |
| El Paso, TX | 4 | $ 446,000 | $ 111,500 | $ 36,000 |
| Fayetteville, NC | 4 | $ 973,000 | $ 243,250 | $ 61,000 |
| Harrisburg-Carlisle, PA | 4 | $ 911,000 | $ 227,750 | $ 66,000 |
| Indianapolis-Carmel-Anderson, IN | 4 | $ 1,185,000 | $ 296,250 | $ 111,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 4 | $ 1,856,000 | $ 464,000 | $ 167,000 |
| Reading, PA | 4 | $ 936,000 | $ 234,000 | $ 160,000 |
| Rockford, IL | 4 | $ 971,000 | $ 242,750 | $ 193,000 |
| Salisbury, MD-DE | 4 | $ 863,000 | $ 215,750 | $ 88,000 |
| Atlantic City-Hammonton, NJ | 3 | $ 429,000 | $ 143,000 | $ 31,000 |
| Bakersfield, CA | 3 | $ 1,206,000 | $ 402,000 | $ 57,000 |
| Bend-Redmond, OR | 3 | $ 1,251,000 | $ 417,000 | $ 62,000 |
| Charleston-North Charleston, SC | 3 | $ 787,000 | $ 262,333 | $ 85,000 |
| Glens Falls, NY | 3 | $ 447,000 | $ 149,000 | $ 52,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 3 | $ 445,000 | $ 148,333 | $ 49,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 3 | $ 481,000 | $ 160,333 | $ 105,666 |
| New Haven-Milford, CT | 3 | $ 862,000 | $ 287,333 | $ 140,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 3 | $ 650,000 | $ 216,666 | $ 58,000 |
| Savannah, GA | 3 | $ 902,000 | $ 300,666 | $ 92,000 |
| Seattle-Bellevue-Everett, WA | 3 | $ 877,000 | $ 292,333 | $ 107,000 |
| York-Hanover, PA | 3 | $ 902,000 | $ 300,666 | $ 111,000 |
| Binghamton, NY | 2 | $ 308,000 | $ 154,000 | $ 63,000 |
| Buffalo-Cheektowaga-Niagara Falls, NY | 2 | $ 197,000 | $ 98,500 | $ 37,000 |
| Burlington-South Burlington, VT | 2 | $ 349,000 | $ 174,500 | $ 62,000 |
| Chambersburg-Waynesboro, PA | 2 | $ 387,000 | $ 193,500 | $ 68,000 |
| Clarksville, TN-KY | 2 | $ 519,000 | $ 259,500 | $ 85,000 |
| Columbia, SC | 2 | $ 342,000 | $ 171,000 | $ 92,000 |
| Columbus, OH | 2 | $ 303,000 | $ 151,500 | $ 86,000 |
| Durham-Chapel Hill, NC | 2 | $ 254,000 | $ 127,000 | $ 70,000 |
| Fresno, CA | 2 | $ 683,000 | $ 341,500 | $ 102,000 |
| Gary, IN | 2 | $ 653,000 | $ 326,500 | $ 109,000 |
| Hagerstown-Martinsburg, MD-WV | 2 | $ 634,000 | $ 317,000 | $ 110,000 |
| Hickory-Lenoir-Morganton, NC | 2 | $ 428,000 | $ 214,000 | $ 16,000 |
| Jackson, TN | 2 | $ 481,000 | $ 240,500 | $ 96,000 |
| Macon, GA | 2 | $ 260,000 | $ 130,000 | $ 33,000 |
| Merced, CA | 2 | $ 573,000 | $ 286,500 | $ 38,000 |
| Ocala, FL | 2 | $ 203,000 | $ 101,500 | $ 60,000 |
| Ocean City, NJ | 2 | $ 614,000 | $ 307,000 | $ 78,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 275,000 | $ 137,500 | $ 157,000 |
| Pittsburgh, PA | 2 | $ 453,000 | $ 226,500 | $ 40,000 |
| Punta Gorda, FL | 2 | $ 203,000 | $ 101,500 | $ 87,000 |
| Salinas, CA | 2 | $ 813,000 | $ 406,500 | $ 108,000 |
| San Antonio-New Braunfels, TX | 2 | $ 538,000 | $ 269,000 | $ 65,000 |
| Tacoma-Lakewood, WA | 2 | $ 469,000 | $ 234,500 | $ 97,000 |
| Trenton, NJ | 2 | $ 441,000 | $ 220,500 | $ 95,000 |
| Vallejo-Fairfield, CA | 2 | $ 615,000 | $ 307,500 | $ 84,000 |
| Warren-Troy-Farmington Hills, MI | 2 | $ 747,000 | $ 373,500 | $ 131,000 |
| Winston-Salem, NC | 2 | $ 646,000 | $ 323,000 | $ 73,000 |
| Worcester, MA-CT | 2 | $ 834,000 | $ 417,000 | $ 181,000 |
| Altoona, PA | 1 | $ 107,000 | $ 107,000 | $ 49,000 |
| Austin-Round Rock, TX | 1 | $ 123,000 | $ 123,000 | $ 47,000 |
| Barnstable Town, MA | 1 | $ 232,000 | $ 232,000 | $ 100,000 |
| Bismarck, ND | 1 | $ 170,000 | $ 170,000 | $ 56,000 |
| Bremerton-Silverdale, WA | 1 | $ 218,000 | $ 218,000 | $ 91,000 |
| California-Lexington Park, MD | 1 | $ 158,000 | $ 158,000 | $ 51,000 |
| Carbondale-Marion, IL | 1 | $ 130,000 | $ 130,000 | $ 0 |
| Cincinnati, OH-KY-IN | 1 | $ 320,000 | $ 320,000 | $ 89,000 |
| Cleveland, TN | 1 | $ 255,000 | $ 255,000 | $ 0 |
| College Station-Bryan, TX | 1 | $ 197,000 | $ 197,000 | $ 48,000 |
| Colorado Springs, CO | 1 | $ 178,000 | $ 178,000 | $ 186,000 |
| Columbus, GA-AL | 1 | $ 109,000 | $ 109,000 | $ 0 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 1,625,000 | $ 1,625,000 | $ 1,023,000 |
| Denver-Aurora-Lakewood, CO | 1 | $ 249,000 | $ 249,000 | $ 58,000 |
| Detroit-Dearborn-Livonia, MI | 1 | $ 160,000 | $ 160,000 | $ 34,000 |
| Dover, DE | 1 | $ 100,000 | $ 100,000 | $ 21,000 |
| Evansville, IN-KY | 1 | $ 296,000 | $ 296,000 | $ 100,000 |
| Fort Worth-Arlington, TX | 1 | $ 169,000 | $ 169,000 | $ 0 |
| Gainesville, GA | 1 | $ 134,000 | $ 134,000 | $ 80,000 |
| Goldsboro, NC | 1 | $ 165,000 | $ 165,000 | $ 70,000 |
| Greensboro-High Point, NC | 1 | $ 211,000 | $ 211,000 | $ 55,000 |
| Johnstown, PA | 1 | $ 104,000 | $ 104,000 | $ 92,000 |
| Jonesboro, AR | 1 | $ 260,000 | $ 260,000 | $ 110,000 |
| Kingsport-Bristol-Bristol, TN-VA | 1 | $ 170,000 | $ 170,000 | $ 57,000 |
| Knoxville, TN | 1 | $ 413,000 | $ 413,000 | $ 180,000 |
| Lancaster, PA | 1 | $ 293,000 | $ 293,000 | $ 100,000 |
| Lawton, OK | 1 | $ 237,000 | $ 237,000 | $ 0 |
| Lewiston-Auburn, ME | 1 | $ 342,000 | $ 342,000 | $ 201,000 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 228,000 | $ 228,000 | $ 81,000 |
| Morgantown, WV | 1 | $ 158,000 | $ 158,000 | $ 194,000 |
| Norwich-New London, CT | 1 | $ 166,000 | $ 166,000 | $ 0 |
| Oklahoma City, OK | 1 | $ 196,000 | $ 196,000 | $ 134,000 |
| Peoria, IL | 1 | $ 151,000 | $ 151,000 | $ 108,000 |
| Portland-South Portland, ME | 1 | $ 99,000 | $ 99,000 | $ 10,000 |
| Raleigh, NC | 1 | $ 178,000 | $ 178,000 | $ 49,000 |
| Rochester, NY | 1 | $ 575,000 | $ 575,000 | $ 277,000 |
| San Francisco-Redwood City-South San Francisco, CA | 1 | $ 360,000 | $ 360,000 | $ 130,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 615,000 | $ 615,000 | $ 540,000 |
| Santa Maria-Santa Barbara, CA | 1 | $ 370,000 | $ 370,000 | $ 33,000 |
| Santa Rosa, CA | 1 | $ 426,000 | $ 426,000 | $ 120,000 |
| Sherman-Denison, TX | 1 | $ 128,000 | $ 128,000 | $ 47,000 |
| Sumter, SC | 1 | $ 130,000 | $ 130,000 | $ 100,000 |
| Tallahassee, FL | 1 | $ 234,000 | $ 234,000 | $ 40,000 |
| Toledo, OH | 1 | $ 63,000 | $ 63,000 | $ 18,000 |
| Valdosta, GA | 1 | $ 172,000 | $ 172,000 | $ 0 |
| Watertown-Fort Drum, NY | 1 | $ 145,000 | $ 145,000 | $ 74,000 |
| Wilmington, NC | 1 | $ 225,000 | $ 225,000 | $ 70,000 |
Mortgage Loan Application Detail Totals for Franklin First Financial, Ltd in 2016
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 | 1,393 | $457,120,000 | $328,000 | $1,625,000 | $99,000 | $1,345,000 |
| Home Purchase | 1,208 | $431,245,000 | $356,000 | $1,238,000 | $110,000 | $1,750,000 |
| Home Improvement | 12 | $5,378,000 | $448,000 | $815,000 | $130,000 | $269,000 |
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 | 1,055 | $355,059,000 | $336,000 | $1,625,000 | $121,000 | $1,750,000 |
| Black or African American | 689 | $242,438,000 | $351,000 | $1,221,000 | $92,000 | $306,000 |
| Hispanic | 405 | $129,850,000 | $320,000 | $801,000 | $87,000 | $490,000 |
| Not Provided | 224 | $76,039,000 | $339,000 | $1,300,000 | $91,000 | $1,035,000 |
| Asian | 222 | $82,817,000 | $373,000 | $740,000 | $97,000 | $540,000 |
| Native Hawaiin or Other Pacific Islander | 13 | $5,465,000 | $420,000 | $625,000 | $175,000 | $1,006,000 |
| American Indian or Alaskan Native | 5 | $2,075,000 | $415,000 | $593,000 | $137,000 | $276,000 |
| 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) | 1,291 | $437,049,000 | $338,000 | $1,625,000 | $122,000 | $1,750,000 |
| FHA-insured (Federal Housing Administration) | 1,134 | $390,966,000 | $344,000 | $1,221,000 | $84,000 | $542,000 |
| VA-guaranteed (Veterans Administration) | 187 | $65,420,000 | $349,000 | $1,000,000 | $101,000 | $400,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $308,000 | $308,000 | $308,000 | $89,000 | $89,000 |
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 | 1,345 | $478,425,000 | $355,000 | $1,625,000 | $107,000 | $1,750,000 |
| File Closed For Incompleteness | 778 | $254,668,000 | $327,000 | $1,470,000 | $107,000 | $760,000 |
| Application Approved But Not Accepted | 223 | $79,986,000 | $358,000 | $1,040,000 | $109,000 | $1,006,000 |
| Application Denied By Financial Institution | 158 | $49,543,000 | $313,000 | $1,221,000 | $91,000 | $674,000 |
| Application Withdrawn By Applicant | 109 | $31,121,000 | $285,000 | $626,000 | $52,000 | $405,000 |
| 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 | 50 | $16,342,000 | $326,000 | $626,000 | $75,000 | $280,000 |
| Credit History | 35 | $10,291,000 | $294,000 | $715,000 | $90,000 | $168,000 |
| Collateral | 26 | $9,102,000 | $350,000 | $1,221,000 | $121,000 | $323,000 |
| Other | 25 | $7,195,000 | $287,000 | $614,000 | $110,000 | $674,000 |
| Unverifiable Information | 10 | $3,298,000 | $329,000 | $546,000 | $63,000 | $105,000 |
| Employment History | 6 | $1,861,000 | $310,000 | $414,000 | $78,000 | $112,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $142,000 | $142,000 | $142,000 | $62,000 | $62,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Franklin First Financial, Ltd's 2016 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.
For a list of all lenders in New York, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About