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2024 data HMDA 2024 disclosure official source

Franklin County

2,120 mortgage applications, 15.4% denial rate. Verify FIPS 21073 with U.S. Census Bureau →

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Kentucky · FIPS 21073

Local mortgage market. Franklin County, Kentucky saw 2,120 HMDA-reported mortgage applications in 2024. Lenders originated 1,184 of those loans and denied 327, producing a denial rate of 15.4% and an approval (origination) rate of 55.8%. The average loan amount was $173,401 at an average note rate of 7.30%, with applicants self-reporting average annual income of $36K. 150 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.8x, meaning typical borrowers took on mortgages of about 4.8 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool.

FIPS 21073 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

2,120
Applications
1,184
Originated
15.4%
Denial Rate
55.8%
Approval Rate
$173,401
Avg Loan Amount
7.30%
Avg Interest Rate
$36K
Avg Applicant Income
4.8x
Loan-to-Income Ratio

Nearby Lenders in Franklin County

Top HMDA-reporting lenders active in this county. Compare any two side-by-side for rates, denial rates, and loan mix.

# Lender Originated Market Share
1 Commonwealth Credit Union 255 21.5%
2 Stockton Mortgage Corporation 71 6.0%
3 Rocket Mortgage 62 5.2%
4 Community Trust Bank, Inc. 52 4.4%
5 Independence Bank of Kentucky 51 4.3%
Compare Commonwealth Credit Union vs Stockton Mortgage Corporation →

Frequently Asked Questions

How many mortgage applications were filed in Franklin County?
In the 2024 HMDA reporting year, 2,120 mortgage applications were filed in Franklin County, Kentucky. Of these, 1,184 were originated (approved and funded), while 327 were denied, resulting in a denial rate of 15.4%.
What is the mortgage denial rate in Franklin County?
The mortgage denial rate in Franklin County is 15.4%. The approval (origination) rate is 55.8%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Franklin County?
The average mortgage loan amount in Franklin County is $173,401. The average interest rate is 7.303%. The average applicant income is $36K.
What is the loan-to-income ratio in Franklin County?
The average loan-to-income ratio in Franklin County is 4.8x, meaning borrowers took on loans averaging 4.8 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Franklin County?
The top mortgage lenders in Franklin County by origination volume are Commonwealth Credit Union, Stockton Mortgage Corporation, Rocket Mortgage. In total, 150 lenders reported mortgage activity in this county.
Where does this mortgage data come from?
This data comes from the CFPB HMDA 2024 Snapshot National Loan-Level Dataset, a mandatory federal disclosure dataset covering all mortgage applications filed with HMDA-reporting institutions. County boundaries are identified by FIPS codes.

Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.

Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.