Franklin Loan Corporation Mortgage Lending & HMDA Data, 2021

In 2021, Franklin Loan Corporation of Palm Desert, CA reported 5,346 mortgage applications totaling $2.3 billion, down 11% from 2020. The average application was for $425,044, and applicants reported an average income of $165,094. 86% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Riverside-San Bernardino-Ontario, CA (3,456), Los Angeles-Long Beach-Glendale, CA (373) and Anaheim-Santa Ana-Irvine, CA (362) (applications in parentheses).

Mortgage Company & Address Franklin Loan Corporation
44800 Village Court
Palm Desert, CA 92260
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  
Total Number of Mortgage Applications 5,346
Total Mortgage Loan Application Amount $2,272,290,000
Average Mortgage Loan Application Amount $425,044
Highest Mortgage Loan Application Amount $12,905,000
Average Applicant Income $165,094
Highest Applicant Income $5,876,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Franklin Loan Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Loan Corporation by County in 2021

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Riverside, California 2,865 $ 1,065,785,000 $ 372,001 $ 160,000
San Bernardino, California 591 $ 199,735,000 $ 337,961 $ 144,000
Los Angeles, California 373 $ 202,905,000 $ 543,981 $ 168,000
Orange, California 362 $ 265,310,000 $ 732,900 $ 224,000
San Diego, California 333 $ 197,275,000 $ 592,417 $ 178,000
Clark, Nevada 60 $ 16,500,000 $ 275,000 $ 81,000
Maricopa, Arizona 59 $ 22,095,000 $ 374,491 $ 137,000
Arapahoe, Colorado 50 $ 16,290,000 $ 325,800 $ 129,000
Denver, Colorado 45 $ 15,105,000 $ 335,666 $ 103,000
Adams, Colorado 32 $ 10,880,000 $ 340,000 $ 94,000
Ventura, California 26 $ 15,970,000 $ 614,230 $ 165,000
Santa Clara, California 24 $ 19,770,000 $ 823,750 $ 184,000
Larimer, Colorado 23 $ 8,655,000 $ 376,304 $ 109,000
Sacramento, California 21 $ 8,645,000 $ 411,666 $ 120,000
Jefferson, Colorado 21 $ 7,585,000 $ 361,190 $ 111,000
Contra Costa, California 17 $ 10,115,000 $ 595,000 $ 165,000
Mohave, Arizona 16 $ 5,910,000 $ 369,375 $ 204,000
Weld, Colorado 13 $ 4,455,000 $ 342,692 $ 91,000
Fresno, California 12 $ 3,580,000 $ 298,333 $ 160,000
Douglas, Colorado 12 $ 5,130,000 $ 427,500 $ 123,000
King, Washington 11 $ 5,015,000 $ 455,909 $ 227,000
San Francisco, California 10 $ 7,200,000 $ 720,000 $ 284,000
Pinal, Arizona 9 $ 3,065,000 $ 340,555 $ 90,000
Alameda, California 9 $ 5,385,000 $ 598,333 $ 183,000
Kern, California 9 $ 2,405,000 $ 267,222 $ 183,000
San Mateo, California 9 $ 8,075,000 $ 897,222 $ 276,000
El Paso, Colorado 9 $ 3,435,000 $ 381,666 $ 123,000
Williamson, Tennessee 9 $ 6,705,000 $ 745,000 $ 577,000
Imperial, California 8 $ 1,970,000 $ 246,250 $ 105,000
San Luis Obispo, California 8 $ 5,110,000 $ 638,750 $ 274,000
Solano, California 8 $ 3,940,000 $ 492,500 $ 117,000
Ada, Idaho 8 $ 3,530,000 $ 441,250 $ 413,000
Kootenai, Idaho 8 $ 3,100,000 $ 387,500 $ 129,000
Allegheny, Pennsylvania 8 $ 1,210,000 $ 151,250 $ 237,000
Monterey, California 7 $ 3,675,000 $ 525,000 $ 164,000
Placer, California 7 $ 5,035,000 $ 719,285 $ 279,000
Sonoma, California 7 $ 3,175,000 $ 453,571 $ 205,000
El Dorado, California 6 $ 2,620,000 $ 436,666 $ 227,000
Santa Barbara, California 6 $ 4,000,000 $ 666,666 $ 285,000
Santa Cruz, California 6 $ 2,740,000 $ 456,666 $ 204,000
Boulder, Colorado 6 $ 2,320,000 $ 386,666 $ 96,000
Nevada, California 5 $ 2,165,000 $ 433,000 $ 160,000
Stanislaus, California 5 $ 1,825,000 $ 365,000 $ 332,000
Bernalillo, New Mexico 5 $ 2,285,000 $ 457,000 $ 149,000
Washington, Oregon 5 $ 1,295,000 $ 259,000 $ 152,000
Spokane, Washington 5 $ 1,255,000 $ 251,000 $ 110,000
Pima, Arizona 4 $ 960,000 $ 240,000 $ 522,000
Marin, California 4 $ 3,460,000 $ 865,000 $ 311,000
San Joaquin, California 4 $ 1,900,000 $ 475,000 $ 120,000
Pueblo, Colorado 4 $ 870,000 $ 217,500 $ 53,000
Sarasota, Florida 4 $ 2,220,000 $ 555,000 $ 937,000
Maui, Hawaii 4 $ 2,810,000 $ 702,500 $ 181,000
Dona Ana, New Mexico 4 $ 930,000 $ 232,500 $ 75,000
Pierce, Washington 4 $ 1,790,000 $ 447,500 $ 106,000
Tulare, California 3 $ 755,000 $ 251,666 $ 86,000
Yuba, California 3 $ 875,000 $ 291,666 $ 91,000
Broomfield, Colorado 3 $ 1,095,000 $ 365,000 $ 89,000
Eagle, Colorado 3 $ 1,115,000 $ 371,666 $ 86,000
Lee, Florida 3 $ 285,000 $ 95,000 $ 21,000
Kauai, Hawaii 3 $ 2,525,000 $ 841,666 $ 439,000
Canyon, Idaho 3 $ 945,000 $ 315,000 $ 77,000
Douglas, Nevada 3 $ 2,655,000 $ 885,000 $ 233,000
Multnomah, Oregon 3 $ 1,035,000 $ 345,000 $ 587,000
Hamilton, Tennessee 3 $ 925,000 $ 308,333 $ 124,000
Knox, Tennessee 3 $ 1,135,000 $ 378,333 $ 95,000
Clark, Washington 3 $ 1,035,000 $ 345,000 $ 1,083,000
Cochise, Arizona 2 $ 310,000 $ 155,000 $ 87,000
Coconino, Arizona 2 $ 700,000 $ 350,000 $ 49,000
Yavapai, Arizona 2 $ 860,000 $ 430,000 $ 227,000
Amador, California 2 $ 730,000 $ 365,000 $ 206,000
Butte, California 2 $ 560,000 $ 280,000 $ 252,000
Merced, California 2 $ 710,000 $ 355,000 $ 78,000
Shasta, California 2 $ 920,000 $ 460,000 $ 386,000
Clear Creek, Colorado 2 $ 670,000 $ 335,000 $ 90,000
Routt, Colorado 2 $ 600,000 $ 300,000 $ 162,000
Duval, Florida 2 $ 560,000 $ 280,000 $ 74,000
Manatee, Florida 2 $ 2,070,000 $ 1,035,000 $ 1,592,000
Palm Beach, Florida 2 $ 950,000 $ 475,000 $ 114,000
St. Johns, Florida 2 $ 1,030,000 $ 515,000 $ 173,000
Walton, Florida 2 $ 2,060,000 $ 1,030,000 $ 201,000
Fayette, Georgia 2 $ 430,000 $ 215,000 $ 123,000
Lyon, Nevada 2 $ 1,140,000 $ 570,000 $ 135,000
Nye, Nevada 2 $ 340,000 $ 170,000 $ 51,000
Benton, Oregon 2 $ 630,000 $ 315,000 $ 79,000
Clackamas, Oregon 2 $ 620,000 $ 310,000 $ 556,000
Lane, Oregon 2 $ 530,000 $ 265,000 $ 91,000
Davidson, Tennessee 2 $ 840,000 $ 420,000 $ 222,000
Sevier, Tennessee 2 $ 1,540,000 $ 770,000 $ 257,000
Sumner, Tennessee 2 $ 1,180,000 $ 590,000 $ 164,000
Wilson, Tennessee 2 $ 1,040,000 $ 520,000 $ 164,000
Bexar, Texas 2 $ 630,000 $ 315,000 $ 186,000
Graham, Arizona 1 $ 285,000 $ 285,000 $ 77,000
La Paz, Arizona 1 $ 595,000 $ 595,000 $ 389,000
Yuma, Arizona 1 $ 215,000 $ 215,000 $ 204,000
Del Norte, California 1 $ 215,000 $ 215,000 $ 133,000
Humboldt, California 1 $ 415,000 $ 415,000 $ 160,000
Inyo, California 1 $ 275,000 $ 275,000 $ 74,000
Lake, California 1 $ 315,000 $ 315,000 $ 84,000
Lassen, California 1 $ 145,000 $ 145,000 $ 35,000
Madera, California 1 $ 505,000 $ 505,000 $ 136,000
Mono, California 1 $ 345,000 $ 345,000 $ 123,000
Napa, California 1 $ 485,000 $ 485,000 $ 51,000
San Benito, California 1 $ 215,000 $ 215,000 $ 59,000
Sutter, California 1 $ 455,000 $ 455,000 $ 188,000
Tehama, California 1 $ 345,000 $ 345,000 $ 100,000
Tuolumne, California 1 $ 215,000 $ 215,000 $ 49,000
Yolo, California 1 $ 175,000 $ 175,000 $ 31,000
Delta, Colorado 1 $ 115,000 $ 115,000 $ 20,000
Elbert, Colorado 1 $ 905,000 $ 905,000 $ 247,000
Huerfano, Colorado 1 $ 225,000 $ 225,000 $ 63,000
La Plata, Colorado 1 $ 415,000 $ 415,000 $ 122,000
Lincoln, Colorado 1 $ 215,000 $ 215,000 $ 132,000
Logan, Colorado 1 $ 265,000 $ 265,000 $ 105,000
Mesa, Colorado 1 $ 435,000 $ 435,000 $ 107,000
Montrose, Colorado 1 $ 305,000 $ 305,000 $ 55,000
Morgan, Colorado 1 $ 255,000 $ 255,000 $ 52,000
Otero, Colorado 1 $ 125,000 $ 125,000 $ 104,000
Park, Colorado 1 $ 215,000 $ 215,000 $ 497,000
Summit, Colorado 1 $ 265,000 $ 265,000 $ 55,000
Teller, Colorado 1 $ 245,000 $ 245,000 $ 58,000
Washington, Colorado 1 $ 255,000 $ 255,000 $ 46,000
Yuma, Colorado 1 $ 175,000 $ 175,000 $ 33,000
Broward, Florida 1 $ 665,000 $ 665,000 $ 156,000
Charlotte, Florida 1 $ 335,000 $ 335,000 $ 0
Clay, Florida 1 $ 245,000 $ 245,000 $ 83,000
Collier, Florida 1 $ 395,000 $ 395,000 $ 246,000
DeSoto, Florida 1 $ 265,000 $ 265,000 $ 72,000
Miami-Dade, Florida 1 $ 885,000 $ 885,000 $ 317,000
Orange, Florida 1 $ 305,000 $ 305,000 $ 112,000
Pinellas, Florida 1 $ 145,000 $ 145,000 $ 35,000
Seminole, Florida 1 $ 355,000 $ 355,000 $ 103,000
Chatham, Georgia 1 $ 125,000 $ 125,000 $ 172,000
DeKalb, Georgia 1 $ 625,000 $ 625,000 $ 193,000
Fulton, Georgia 1 $ 315,000 $ 315,000 $ 469,000
Hawaii, Hawaii 1 $ 315,000 $ 315,000 $ 79,000
Honolulu, Hawaii 1 $ 1,305,000 $ 1,305,000 $ 251,000
Bonner, Idaho 1 $ 525,000 $ 525,000 $ 113,000
Bonneville, Idaho 1 $ 165,000 $ 165,000 $ 49,000
Madison, Idaho 1 $ 205,000 $ 205,000 $ 111,000
Charles, Maryland 1 $ 455,000 $ 455,000 $ 115,000
Montgomery, Maryland 1 $ 665,000 $ 665,000 $ 158,000
Garden, Nebraska 1 $ 145,000 $ 145,000 $ 83,000
Keith, Nebraska 1 $ 205,000 $ 205,000 $ 132,000
Carson City, Nevada 1 $ 365,000 $ 365,000 $ 210,000
Washoe, Nevada 1 $ 455,000 $ 455,000 $ 115,000
Santa Fe, New Mexico 1 $ 205,000 $ 205,000 $ 88,000
Curry, Oregon 1 $ 265,000 $ 265,000 $ 71,000
Deschutes, Oregon 1 $ 545,000 $ 545,000 $ 561,000
Josephine, Oregon 1 $ 245,000 $ 245,000 $ 59,000
Polk, Oregon 1 $ 255,000 $ 255,000 $ 96,000
Tillamook, Oregon 1 $ 255,000 $ 255,000 $ 82,000
Franklin, Pennsylvania 1 $ 535,000 $ 535,000 $ 193,000
Dickson, Tennessee 1 $ 165,000 $ 165,000 $ 374,000
Hawkins, Tennessee 1 $ 165,000 $ 165,000 $ 28,000
Maury, Tennessee 1 $ 255,000 $ 255,000 $ 60,000
Robertson, Tennessee 1 $ 255,000 $ 255,000 $ 50,000
Bell, Texas 1 $ 135,000 $ 135,000 $ 193,000
Comal, Texas 1 $ 395,000 $ 395,000 $ 78,000
Dallas, Texas 1 $ 455,000 $ 455,000 $ 150,000
Henderson, Texas 1 $ 225,000 $ 225,000 $ 121,000
Smith, Texas 1 $ 345,000 $ 345,000 $ 99,000
Benton, Washington 1 $ 195,000 $ 195,000 $ 146,000
Douglas, Washington 1 $ 265,000 $ 265,000 $ 24,000
Kittitas, Washington 1 $ 365,000 $ 365,000 $ 76,000
Snohomish, Washington 1 $ 235,000 $ 235,000 $ 150,000
Whatcom, Washington 1 $ 355,000 $ 355,000 $ 314,000
Yakima, Washington 1 $ 145,000 $ 145,000 $ 84,000

Mortgage Loan Application Detail Totals for Franklin Loan Corporation in 2021

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 3,021 $1,326,125,000 $438,000 $4,005,000 $175,000 $5,876,000
Refinancing 1,251 $522,655,000 $417,000 $12,905,000 $161,000 $3,468,000
Cash-out Refinancing 1,074 $423,510,000 $394,000 $2,505,000 $142,000 $1,596,000
Home Improvement 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
White 3,110 $1,379,940,000 $443,000 $12,905,000 $184,000 $5,377,000
Hispanic 1,188 $418,840,000 $352,000 $1,925,000 $118,000 $5,876,000
Not Provided 536 $241,950,000 $451,000 $2,045,000 $166,000 $1,953,000
Asian 331 $160,725,000 $485,000 $4,005,000 $177,000 $1,425,000
Black or African American 147 $56,525,000 $384,000 $1,255,000 $120,000 $425,000
American Indian or Alaskan Native 21 $9,135,000 $435,000 $1,445,000 $137,000 $289,000
Native Hawaiian or Other Pacific Islander 13 $5,175,000 $398,000 $875,000 $126,000 $443,000
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) 4,573 $1,956,455,000 $427,000 $12,905,000 $177,000 $5,876,000
FHA-insured (Federal Housing Administration) 532 $192,500,000 $361,000 $835,000 $88,000 $281,000
VA-guaranteed (Veterans Administration) 238 $122,440,000 $514,000 $1,175,000 $108,000 $360,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 3 $895,000 $298,000 $425,000 $82,000 $96,000

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 4,586 $1,907,120,000 $415,000 $2,645,000 $165,000 $5,876,000
Application Withdrawn By Applicant 711 $345,995,000 $486,000 $12,905,000 $169,000 $3,468,000
Application Denied By Financial Institution 39 $17,065,000 $437,000 $2,605,000 $133,000 $619,000
File Closed For Incompleteness 7 $1,395,000 $199,000 $305,000 $56,000 $75,000
Application Approved But Not Accepted 3 $715,000 $238,000 $275,000 $60,000 $81,000
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
Not applicable 5,307 $2,255,225,000 $424,000 $12,905,000 $165,000 $5,876,000
Other 20 $8,770,000 $438,000 $995,000 $115,000 $619,000
Credit History 5 $1,645,000 $329,000 $455,000 $141,000 $285,000
Debt-To-Income Ratio 4 $3,500,000 $875,000 $2,605,000 $163,000 $283,000
Insufficient Cash (Downpayment, Closing Cost) 4 $950,000 $237,000 $365,000 $85,000 $176,000
Collateral 3 $1,385,000 $461,000 $515,000 $302,000 $610,000
Employment History 2 $440,000 $220,000 $285,000 $76,000 $106,000
Unverifiable Information 1 $375,000 $375,000 $375,000 $166,000 $166,000
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 Loan Corporation's 2021 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 Loan Corporation'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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