PlainLender
2024 data HMDA 2024 disclosure official source

Franklin Parish

478 mortgage applications, 31.4% denial rate. Verify FIPS 22041 with U.S. Census Bureau →

PlainLender home → About this data

Louisiana · FIPS 22041

Local mortgage market. Franklin Parish, Louisiana saw 478 HMDA-reported mortgage applications in 2024. Lenders originated 134 of those loans and denied 150, producing a denial rate of 31.4% and an approval (origination) rate of 28.0%. The average loan amount was $125,063 at an average note rate of 7.51%, with applicants self-reporting average annual income of $37K. 40 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 3.4x, meaning typical borrowers took on mortgages of about 3.4 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 22041 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

478
Applications
134
Originated
31.4%
Denial Rate
28.0%
Approval Rate
$125,063
Avg Loan Amount
7.51%
Avg Interest Rate
$37K
Avg Applicant Income
3.4x
Loan-to-Income Ratio

Nearby Lenders in Franklin Parish

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 Citizens Progressive Bank 23 17.2%
2 21st Mortgage 15 11.2%
3 Assurance Financial Group, L.L.C. 12 9.0%
4 Eagle Bank and Trust Company 11 8.2%
5 Triad Financial Services, INC. 8 6.0%
Compare Citizens Progressive Bank vs 21st Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Franklin Parish?
In the 2024 HMDA reporting year, 478 mortgage applications were filed in Franklin Parish, Louisiana. Of these, 134 were originated (approved and funded), while 150 were denied, resulting in a denial rate of 31.4%.
What is the mortgage denial rate in Franklin Parish?
The mortgage denial rate in Franklin Parish is 31.4%. The approval (origination) rate is 28.0%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Franklin Parish?
The average mortgage loan amount in Franklin Parish is $125,063. The average interest rate is 7.510%. The average applicant income is $37K.
What is the loan-to-income ratio in Franklin Parish?
The average loan-to-income ratio in Franklin Parish is 3.4x, meaning borrowers took on loans averaging 3.4 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Franklin Parish?
The top mortgage lenders in Franklin Parish by origination volume are Citizens Progressive Bank, 21st Mortgage, Assurance Financial Group, L.L.C.. In total, 40 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.