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Franklin County, Kentucky
Mortgage lending record for properties in the county, calendar year 2024.
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
Lenders reported 1,958 mortgage applications in Franklin County, Kentucky, for 2024, and originated 1,184 loans worth $213m.
That is 52.1 originations per 1,000 households, against 49.1 for Kentucky and 48.0 nationally.
The county's denial rate was 21.1%, below the state rate of 25.0%. The median rate spread on originated loans was 0.4 percentage points and 14.4% of originations were 1.5 points or more above the average prime offer rate.
19 lenders reached 25 applications in the county; the most active by originations were Commonwealth Credit Union (255), Stockton Mortgage Corporation (71) and Rocket Mortgage (62).
Originations were up 7% on 2023.
Most active lenders
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | Commonwealth Credit Union | 394 | 255 | $27m | 24.5% | — |
| 2 | Stockton Mortgage Corporation | 124 | 71 | $15m | 9.0% | — |
| 3 | Rocket Mortgage | 71 | 62 | $11m | 10.1% | — |
| 4 | Community Trust Bank, Inc. | 71 | 52 | $8.7m | 18.5% | — |
| 5 | Independence Bank of Kentucky | 77 | 51 | $9.2m | 16.4% | — |
| 6 | Traditional Bank Inc | 49 | 42 | $7.2m | 6.7% | — |
| 7 | Wesbanco Bank, Inc. | 59 | 37 | $3.7m | 19.6% | — |
| 8 | Ark-La-Tex Financial Services LLC | 43 | 33 | $6.2m | 0.0% | — |
| 9 | Fifth Third Bank, National Association | 57 | 29 | $3.4m | 34.0% | — |
| 10 | Republic State Mortgage Co. | 30 | 21 | $4.2m | — | — |
| 11 | New American Funding, LLC. | 36 | 20 | $3.3m | — | — |
| 12 | University of Ky FCU | 36 | 20 | $2.4m | 31.3% | — |
| 13 | Republic Bank & Trust | 27 | 19 | $11m | — | — |
| 14 | Freedom Mortgage Corporation | 28 | 18 | $4.3m | — | — |
| 15 | City National Bank of WV | 28 | 16 | $3.2m | — | — |
| 16 | PNC Bank N.A. | 30 | 15 | $2.4m | 40.0% | — |
| 17 | Mortgage Research Center | 31 | 13 | $3.1m | — | — |
| 18 | Vanderbilt Mortgage and Finance, Inc | 42 | 7 | $695k | — | — |
| 19 | Discover Bank | 29 | 5 | $285k | — | — |
Lenders with at least 25 applications in the county, by originations; up to 40 shown of 19. Denial rate is denials over decided applications in this county.
Compared with Kentucky and the nation
| Measure | This county | Kentucky | United States |
|---|---|---|---|
| Denial rate | 21.1% | 25.0% | 24.3% |
| Median rate spread, pp | 0.4 | 0.4 | 0.3 |
| Originations with spread of 1.5 pp or more | 14.4% | 16.0% | 15.6% |
| Average originated loan | $180k | $219k | $329k |
| Originations per 1,000 households | 52.1 | 49.1 | 48.0 |
| Home purchase share of originations | 51.9% | 55.3% | 57.0% |
| FHA-insured share | 15.1% | 14.6% | 13.4% |
| VA-guaranteed share | 6.3% | 8.0% | 7.9% |
Rate spread distribution
Share of 991 originated loans with a reported rate spread, by spread over the average prime offer rate (outlined bar: Kentucky). Loans at 1.5 points or more on a first lien are what Regulation C calls higher-priced.
Loan purpose and loan type
By purpose
Home purchase 52% (615)Home improvement 11% (126)Refinancing 11% (133)Cash-out refinancing 16% (195)Other purpose 10% (115)
By type
Conventional 78% (926)FHA 15% (179)VA 6% (74)USDA 0% (5)
Trend by year
ApplicationsOriginations
This countyKentucky
Questions and answers
Which lenders are most active in Franklin County, KY?
By 2024 originations: Commonwealth Credit Union (255), Stockton Mortgage Corporation (71), Rocket Mortgage (62), Community Trust Bank, Inc. (52), Independence Bank of Kentucky (51). 19 lenders had at least 25 applications in the county.
What is the mortgage denial rate in Franklin County?
21.1% of decided applications were denied in 2024, against 25.0% across Kentucky and 24.3% nationally.
How many mortgages were originated in Franklin County in 2024?
1,184 loans totalling $213m, from 1,958 applications; 52.1 originations per 1,000 households.
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), by property county; households from the Census Bureau American Community Survey 2024 five-year estimates.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records with a property in county FIPS 21073; households and population from the U.S. Census Bureau (ACS 2024 five-year estimates; Vintage 2024 population estimates). Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.