FRANKLIN LOAN CORPORATION closing costs and rates (2024)
In 2024, FRANKLIN LOAN CORPORATION originated 864 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $9,137. That ranks #415 nationally by origination volume. For total closing costs among lenders with 500+ originations, FRANKLIN LOAN CORPORATION ranks #511. That is $2,396 above the national median of $6,741. FRANKLIN LOAN CORPORATION is most active in California with 805 originations there.
Purchase Originations
864
Ranked #415 nationally
Median Total Costs
$9,137
+35.5% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$3,113
Median Lender Credits
$700
Cost Rank (500+ vol.)
#511
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 604 | 6.875% | $7,612 | $2,885 |
| fha | 200 | 6.250% | $17,078 | $4,580 |
| va | 59 | 6.250% | $6,476 | $1,720 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| California | 805 | 6.625% | $9,273 | #49 |
| Arizona | 13 | 6.500% | $6,111 | — |
| Nevada | 12 | 7.125% | $6,305 | — |
| Texas | 8 | 6.250% | $5,831 | — |
| Tennessee | 5 | 6.500% | $6,116 | — |
| Colorado | 3 | 5.750% | $11,701 | — |
| Florida | 3 | 5.750% | $5,576 | — |
| Oregon | 3 | 6.625% | $5,906 | — |
| Washington | 3 | 6.500% | $5,024 | — |
| Georgia | 2 | 6.562% | $6,774 | — |
| Idaho | 1 | 7.125% | $3,911 | — |
| Illinois | 1 | 6.500% | $6,837 | — |
| Maryland | 1 | 6.750% | $5,982 | — |
| North Carolina | 1 | 9.375% | $5,003 | — |
| Nebraska | 1 | 6.990% | $3,074 | — |
| New Mexico | 1 | 7.125% | $9,458 | — |
| Utah | 1 | 6.990% | $24,424 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,665 | 6.625% | — | 5 | −$4,472 | |
| 2 | $5,913 | 7.250% | — | 10 | −$3,224 | |
| 3 | $6,192 | 6.875% | — | 11 | −$2,945 | |
| 4 | $7,216 | 7.057% | — | 6 | −$1,921 | |
| 5 | $7,885 | 6.625% | — | 7 | −$1,252 | |
| 6 | $7,906 | 6.749% | — | 4 | −$1,231 | |
| 7 | $7,961 | 6.500% | — | 4 | −$1,176 | |
| 8 | $8,389 | 6.750% | — | 391 | −$748 | |
| 9 | $8,466 | 6.625% | — | 45 | −$671 | |
| 10 | $8,698 | 6.933% | — | 46 | −$439 | |
| 11 | $8,944 | 6.625% | — | 6 | −$193 | |
| 12 | $9,323 | 7.000% | — | 6 | +$186 | |
| 13 | $10,392 | 6.562% | — | 8 | +$1,255 | |
| 14 | $10,598 | 7.125% | — | 52 | +$1,461 | |
| 15 | $11,232 | 6.500% | — | 5 | +$2,095 | |
| 16 | $12,318 | 6.375% | — | 93 | +$3,181 | |
| 17 | $13,401 | 6.250% | — | 9 | +$4,264 | |
| 18 | $14,175 | 6.625% | — | 55 | +$5,038 | |
| 19 | $15,475 | 6.250% | — | 40 | +$6,338 | |
| 20 | $20,736 | 6.250% | — | 3 | +$11,599 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.