Franklin Mint at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
40th28.1% deniedPricingmedian rate spread over APOR, weight 30%
96th-2.26 ptsProcesswithdrawn + incomplete share, weight 15%
33rd15.7%Closing coststotal loan costs ÷ loan amount, weight 10%
94th0.48% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 2,103 | 1,192 | 28.1% | 32.4% | 2.99% | $157M |
| 2024 | 1,712 | 981 | 25.9% | 30.4% | 7.99% | $127M |
| 2025 | 1,913 | 1,122 | 23.7% | 28.1% | 4.99% | $169M |
What Franklin Mint lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 1,449 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 80 investment properties.
Why Franklin Mint denies applications
Primary reason reported for each of the 453 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Franklin Mint
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 157 | 33 | 73.7% |
| $50k – $100k | 454 | 229 | 36.5% |
| $100k – $150k | 446 | 279 | 23.5% |
| $150k – $250k | 483 | 325 | 17.9% |
| Over $250k | 307 | 219 | 14.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 159 | 85 | 33.8% |
| 35–44 | 476 | 282 | 26.5% |
| 45–54 | 478 | 274 | 29.6% |
| 55–64 | 455 | 277 | 27.3% |
| 65–74 | 228 | 138 | 24.3% |
| Over 74 | 70 | 42 | 27.1% |
Where Franklin Mint lends
15 states and 83 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Pennsylvania | 1,602 | 949 | 23.9% | 4.99% | #57 |
| Delaware | 160 | 82 | 24.4% | 4.99% | #61 |
| New Jersey | 92 | 63 | 18.5% | 4.99% | #276 |
| Maryland | 21 | 12 | 14.3% | 4.99% | #403 |
| Florida | 16 | 8 | 6.3% | 4.99% | #818 |
| New York | 6 | 1 | 66.7% | 9.24% | #500 |
Frequently asked questions
Franklin Mint denied 28.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 40th percentile of home-equity (HELOC) lenders.
The most common reason Franklin Mint gave in 2025 was "credit history", cited on 34.4% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Franklin Mint originated in 2025 was 4.99%, and its median rate spread over the average prime offer rate was -2.26 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 10% of its applications were for home purchases, 27% for refinancing (including cash-out), and 62% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.