Franklin Loan Corporation Mortgage Lending & HMDA Data, 2024
In 2024, Franklin Loan Corporation of Palm Desert, CA reported 2,115 mortgage applications totaling $974.6 million, up 29% from 2023. The average application was for $460,815, and applicants reported an average income of $208,303. 77% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Riverside-San Bernardino-Ontario, CA (934), Los Angeles-Long Beach-Glendale, CA (123) and Anaheim-Santa Ana-Irvine, CA (118) (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 | 2,115 |
| Total Mortgage Loan Application Amount | $974,625,000 |
| Average Mortgage Loan Application Amount | $460,815 |
| Highest Mortgage Loan Application Amount | $16,605,000 |
| Average Applicant Income | $208,303 |
| Highest Applicant Income | $9,300,000 |
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records Franklin Loan Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Riverside-San Bernardino-Ontario, CA | 934 | $ 407,290,000 | $ 436,070 | $ 211,000 |
| Outside any metro area | 165 | $ 51,255,000 | $ 310,636 | $ 134,751 |
| Los Angeles-Long Beach-Glendale, CA | 123 | $ 78,615,000 | $ 639,146 | $ 249,000 |
| Anaheim-Santa Ana-Irvine, CA | 118 | $ 98,930,000 | $ 838,389 | $ 492,000 |
| San Diego-Carlsbad, CA | 95 | $ 65,405,000 | $ 688,473 | $ 273,000 |
| Salinas, CA | 71 | $ 30,625,000 | $ 431,338 | $ 203,000 |
| Las Vegas-Henderson-Paradise, NV | 48 | $ 19,480,000 | $ 405,833 | $ 157,000 |
| Phoenix-Mesa-Scottsdale, AZ | 43 | $ 15,535,000 | $ 361,279 | $ 133,000 |
| Oakland-Hayward-Berkeley, CA | 34 | $ 14,770,000 | $ 434,411 | $ 235,000 |
| Atlanta-Sandy Springs-Roswell, GA | 30 | $ 9,780,000 | $ 326,000 | $ 114,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 27 | $ 9,465,000 | $ 350,555 | $ 104,000 |
| Bakersfield, CA | 25 | $ 7,055,000 | $ 282,200 | $ 121,000 |
| Modesto, CA | 25 | $ 6,915,000 | $ 276,600 | $ 91,000 |
| Boise City, ID | 19 | $ 8,395,000 | $ 441,842 | $ 128,000 |
| Marietta, GA | 19 | $ 7,275,000 | $ 382,894 | $ 134,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 19 | $ 11,555,000 | $ 608,157 | $ 252,000 |
| Santa Cruz-Watsonville, CA | 19 | $ 12,205,000 | $ 642,368 | $ 214,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 17 | $ 9,275,000 | $ 545,588 | $ 276,000 |
| Stockton-Lodi, CA | 16 | $ 5,500,000 | $ 343,750 | $ 109,000 |
| Reno, NV | 13 | $ 4,345,000 | $ 334,230 | $ 143,000 |
| Denver-Aurora-Lakewood, CO | 12 | $ 6,740,000 | $ 561,666 | $ 176,000 |
| Merced, CA | 12 | $ 3,390,000 | $ 282,500 | $ 143,000 |
| Salt Lake City, UT | 11 | $ 5,395,000 | $ 490,454 | $ 138,000 |
| Lake Havasu City-Kingman, AZ | 10 | $ 3,460,000 | $ 346,000 | $ 249,000 |
| Santa Rosa, CA | 10 | $ 5,100,000 | $ 510,000 | $ 189,000 |
| Charlotte-Concord-Gastonia, NC-SC | 9 | $ 3,375,000 | $ 375,000 | $ 125,000 |
| El Centro, CA | 7 | $ 2,415,000 | $ 345,000 | $ 105,000 |
| Fresno, CA | 7 | $ 2,275,000 | $ 325,000 | $ 77,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 7 | $ 2,415,000 | $ 345,000 | $ 261,428 |
| Montgomery County-Bucks County-Chester County, PA | 6 | $ 2,420,000 | $ 403,333 | $ 144,000 |
| Ogden-Clearfield, UT | 6 | $ 2,370,000 | $ 395,000 | $ 99,000 |
| Raleigh, NC | 6 | $ 2,800,000 | $ 466,666 | $ 147,000 |
| Coeur D'Alene, ID | 5 | $ 1,255,000 | $ 251,000 | $ 88,000 |
| Colorado Springs, CO | 5 | $ 2,015,000 | $ 403,000 | $ 99,000 |
| Tucson, AZ | 5 | $ 1,535,000 | $ 307,000 | $ 88,000 |
| Dallas-Plano-Irving, TX | 4 | $ 1,490,000 | $ 372,500 | $ 65,000 |
| Gainesville, GA | 4 | $ 1,130,000 | $ 282,500 | $ 96,000 |
| Knoxville, TN | 4 | $ 1,750,000 | $ 437,500 | $ 110,000 |
| Orlando-Kissimmee-Sanford, FL | 4 | $ 1,630,000 | $ 407,500 | $ 102,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 4 | $ 4,810,000 | $ 1,202,500 | $ 321,000 |
| Albany, OR | 3 | $ 715,000 | $ 238,333 | $ 64,000 |
| Chattanooga, TN-GA | 3 | $ 1,115,000 | $ 371,666 | $ 128,000 |
| Greeley, CO | 3 | $ 1,505,000 | $ 501,666 | $ 109,000 |
| Idaho Falls, ID | 3 | $ 1,325,000 | $ 441,666 | $ 110,000 |
| Kahului-Wailuku-Lahaina, HI | 3 | $ 1,295,000 | $ 431,666 | $ 240,000 |
| Provo-Orem, UT | 3 | $ 1,425,000 | $ 475,000 | $ 158,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 3 | $ 1,725,000 | $ 575,000 | $ 391,000 |
| Savannah, GA | 3 | $ 955,000 | $ 318,333 | $ 75,000 |
| Tampa, FL | 3 | $ 1,055,000 | $ 351,666 | $ 109,000 |
| Winston-Salem, NC | 3 | $ 1,005,000 | $ 335,000 | $ 79,000 |
| Asheville, NC | 2 | $ 730,000 | $ 365,000 | $ 109,000 |
| Chicago-Naperville, IL | 2 | $ 840,000 | $ 420,000 | $ 151,000 |
| Chico, CA | 2 | $ 440,000 | $ 220,000 | $ 119,000 |
| Clarksville, TN-KY | 2 | $ 530,000 | $ 265,000 | $ 35,000 |
| El Paso, TX | 2 | $ 400,000 | $ 200,000 | $ 106,000 |
| Eugene, OR | 2 | $ 640,000 | $ 320,000 | $ 110,000 |
| Flagstaff, AZ | 2 | $ 870,000 | $ 435,000 | $ 142,000 |
| Harrisburg-Carlisle, PA | 2 | $ 650,000 | $ 325,000 | $ 41,000 |
| Houston-The Woodlands-Sugar Land, TX | 2 | $ 860,000 | $ 430,000 | $ 176,000 |
| Jacksonville, FL | 2 | $ 780,000 | $ 390,000 | $ 124,000 |
| Medford, OR | 2 | $ 540,000 | $ 270,000 | $ 86,000 |
| Miami-Miami Beach-Kendall, FL | 2 | $ 1,140,000 | $ 570,000 | $ 359,000 |
| North Port-Sarasota-Bradenton, FL | 2 | $ 1,170,000 | $ 585,000 | $ 137,000 |
| Philadelphia, PA | 2 | $ 750,000 | $ 375,000 | $ 133,000 |
| Pittsburgh, PA | 2 | $ 520,000 | $ 260,000 | $ 121,000 |
| Reading, PA | 2 | $ 510,000 | $ 255,000 | $ 105,000 |
| Salem, OR | 2 | $ 630,000 | $ 315,000 | $ 96,000 |
| San Francisco-Redwood City-South San Francisco, CA | 2 | $ 560,000 | $ 280,000 | $ 546,000 |
| Santa Maria-Santa Barbara, CA | 2 | $ 1,420,000 | $ 710,000 | $ 135,000 |
| St. George, UT | 2 | $ 1,010,000 | $ 505,000 | $ 205,000 |
| Vallejo-Fairfield, CA | 2 | $ 1,210,000 | $ 605,000 | $ 411,000 |
| Warner Robins, GA | 2 | $ 320,000 | $ 160,000 | $ 138,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 2 | $ 1,250,000 | $ 625,000 | $ 155,000 |
| Wichita Falls, TX | 2 | $ 220,000 | $ 110,000 | $ 29,000 |
| Wildwood-The Villages, FL | 2 | $ 960,000 | $ 480,000 | $ 74,000 |
| Wilmington, NC | 2 | $ 930,000 | $ 465,000 | $ 222,000 |
| Yuma, AZ | 2 | $ 360,000 | $ 180,000 | $ 97,000 |
| Amarillo, TX | 1 | $ 125,000 | $ 125,000 | $ 62,000 |
| Athens-Clarke County, GA | 1 | $ 555,000 | $ 555,000 | $ 141,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 335,000 | $ 335,000 | $ 0 |
| Austin-Round Rock, TX | 1 | $ 305,000 | $ 305,000 | $ 0 |
| Baltimore-Columbia-Towson, MD | 1 | $ 545,000 | $ 545,000 | $ 0 |
| Cape Coral-Fort Myers, FL | 1 | $ 275,000 | $ 275,000 | $ 127,000 |
| Carson City, NV | 1 | $ 385,000 | $ 385,000 | $ 114,000 |
| College Station-Bryan, TX | 1 | $ 205,000 | $ 205,000 | $ 43,000 |
| Columbus, GA-AL | 1 | $ 455,000 | $ 455,000 | $ 0 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 305,000 | $ 305,000 | $ 80,000 |
| Durham-Chapel Hill, NC | 1 | $ 245,000 | $ 245,000 | $ 74,000 |
| Fort Collins, CO | 1 | $ 125,000 | $ 125,000 | $ 229,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 405,000 | $ 405,000 | $ 150,000 |
| Fort Worth-Arlington, TX | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Grants Pass, OR | 1 | $ 265,000 | $ 265,000 | $ 59,000 |
| Las Cruces, NM | 1 | $ 365,000 | $ 365,000 | $ 120,000 |
| Morristown, TN | 1 | $ 305,000 | $ 305,000 | $ 104,000 |
| Napa, CA | 1 | $ 505,000 | $ 505,000 | $ 160,000 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 225,000 | $ 225,000 | $ 65,000 |
| Pocatello, ID | 1 | $ 355,000 | $ 355,000 | $ 290,000 |
| Pueblo, CO | 1 | $ 375,000 | $ 375,000 | $ 146,000 |
| Redding, CA | 1 | $ 85,000 | $ 85,000 | $ 95,000 |
| San Antonio-New Braunfels, TX | 1 | $ 235,000 | $ 235,000 | $ 71,000 |
| San Rafael, CA | 1 | $ 605,000 | $ 605,000 | $ 450,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 415,000 | $ 415,000 | $ 102,000 |
| Sebastian-Vero Beach, FL | 1 | $ 375,000 | $ 375,000 | $ 121,000 |
| Spokane-Spokane Valley, WA | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Tacoma-Lakewood, WA | 1 | $ 635,000 | $ 635,000 | $ 135,000 |
| Twin Falls, ID | 1 | $ 405,000 | $ 405,000 | $ 132,000 |
| Urban Honolulu, HI | 1 | $ 255,000 | $ 255,000 | $ 234,000 |
| Visalia-Porterville, CA | 1 | $ 385,000 | $ 385,000 | $ 144,000 |
| Washington, DC-MD | 1 | $ 385,000 | $ 385,000 | $ 93,000 |
| Yuba City, CA | 1 | $ 55,000 | $ 55,000 | $ 142,000 |
Mortgage Loan Application Detail Totals for Franklin Loan Corporation 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 | 1,286 | $642,220,000 | $499,000 | $16,605,000 | $204,000 | $3,288,000 |
| Cash-out Refinancing | 656 | $227,660,000 | $347,000 | $2,465,000 | $196,000 | $7,453,000 |
| Refinancing | 166 | $103,690,000 | $624,000 | $2,775,000 | $285,000 | $9,300,000 |
| Other Purpose | 7 | $1,055,000 | $150,000 | $525,000 | $333,000 | $1,711,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 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 | 1,199 | $567,585,000 | $473,000 | $16,605,000 | $208,000 | $5,276,000 |
| Not Provided | 687 | $295,195,000 | $429,000 | $3,005,000 | $202,000 | $7,453,000 |
| Asian | 97 | $59,815,000 | $616,000 | $3,775,000 | $312,000 | $9,300,000 |
| Hispanic | 55 | $22,535,000 | $409,000 | $1,125,000 | $211,000 | $1,586,000 |
| Black or African American | 50 | $19,120,000 | $382,000 | $735,000 | $140,000 | $385,000 |
| American Indian or Alaskan Native | 21 | $7,865,000 | $374,000 | $725,000 | $135,000 | $245,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $2,510,000 | $418,000 | $655,000 | $194,000 | $465,000 |
| 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) | 1,407 | $675,975,000 | $480,000 | $16,605,000 | $252,000 | $9,300,000 |
| FHA-insured (Federal Housing Administration) | 579 | $233,855,000 | $403,000 | $1,145,000 | $123,000 | $641,000 |
| VA-guaranteed (Veterans Administration) | 128 | $64,480,000 | $503,000 | $1,445,000 | $121,000 | $694,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $315,000 | $315,000 | $315,000 | $81,000 | $81,000 |
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 | 1,625 | $769,235,000 | $473,000 | $16,605,000 | $206,000 | $9,300,000 |
| Application Withdrawn By Applicant | 432 | $180,290,000 | $417,000 | $3,005,000 | $225,000 | $5,276,000 |
| Application Approved But Not Accepted | 36 | $16,540,000 | $459,000 | $1,415,000 | $155,000 | $710,000 |
| Application Denied By Financial Institution | 21 | $8,145,000 | $387,000 | $1,265,000 | $143,000 | $532,000 |
| File Closed For Incompleteness | 1 | $415,000 | $415,000 | $415,000 | $80,000 | $80,000 |
| 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 | 2,094 | $966,480,000 | $461,000 | $16,605,000 | $209,000 | $9,300,000 |
| Debt-To-Income Ratio | 6 | $2,990,000 | $498,000 | $1,265,000 | $214,000 | $532,000 |
| Collateral | 5 | $1,605,000 | $321,000 | $535,000 | $188,000 | $267,000 |
| Credit History | 5 | $1,195,000 | $239,000 | $485,000 | $85,000 | $124,000 |
| Other | 2 | $740,000 | $370,000 | $575,000 | $78,000 | $88,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $1,160,000 | $580,000 | $775,000 | $0 | $0 |
| Employment History | 1 | $455,000 | $455,000 | $455,000 | $192,000 | $192,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Franklin Loan Corporation'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 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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