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2024 data HMDA 2024 disclosure official source

Franklin County

3,878 mortgage applications, 13.6% denial rate. Verify FIPS 29071 with U.S. Census Bureau →

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Missouri · FIPS 29071

Local mortgage market. Franklin County, Missouri saw 3,878 HMDA-reported mortgage applications in 2024. Lenders originated 2,218 of those loans and denied 529, producing a denial rate of 13.6% and an approval (origination) rate of 57.2%. The average loan amount was $203,801 at an average note rate of 7.06%, with applicants self-reporting average annual income of $36K. 176 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 5.7x, meaning typical borrowers took on mortgages of about 5.7 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 29071 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

3,878
Applications
2,218
Originated
13.6%
Denial Rate
57.2%
Approval Rate
$203,801
Avg Loan Amount
7.06%
Avg Interest Rate
$36K
Avg Applicant Income
5.7x
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 Guild Mortgage Company 158 7.1%
2 Sullivan Bank 153 6.9%
3 United Bank of Union 121 5.5%
4 First State Community Bank 112 5.0%
5 Bank of Washington 99 4.5%
Compare Guild Mortgage Company vs Sullivan Bank →

Frequently Asked Questions

How many mortgage applications were filed in Franklin County?
In the 2024 HMDA reporting year, 3,878 mortgage applications were filed in Franklin County, Missouri. Of these, 2,218 were originated (approved and funded), while 529 were denied, resulting in a denial rate of 13.6%.
What is the mortgage denial rate in Franklin County?
The mortgage denial rate in Franklin County is 13.6%. The approval (origination) rate is 57.2%, 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 $203,801. The average interest rate is 7.064%. 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 5.7x, meaning borrowers took on loans averaging 5.7 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 Guild Mortgage Company, Sullivan Bank, United Bank of Union. In total, 176 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.