Franklin County, New York · 2025

Mortgage lenders in Franklin County, NY: denial rates and top lenders (2025)

86 lenders acted on 665 mortgage applications for properties in Franklin County in 2025. 19.4% were denied (New York: 19.8%). Median rate on closed loans 6.75%; median loan $135,000; median property value $225,000.

665Applications
19.4%Denial ratestate 19.8%
6.75%Median ratestate 6.63%
$135,000Median loan
$225,000Median property value

Largest lenders in Franklin County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Community Bank D 167104 14.4%7.00%
2 Rocket Mortgage C 8749 31.0%6.75%
3 NBT Bank B 4327 11.6%6.13%
4 Absolute Home Mortgage C 3427 8.8%7.13%
5 KeyBank C 2015 20.0%6.63%
6 Homestead Funding A 1615 0.0%6.38%
7 Newrez D 162 56.3%6.50%
8 Navy Federal Credit Union D 145 14.3%6.00%
9 Adirondack Bank D 128 8.3%6.69%
10 Bank of America F 115 27.3%6.13%
11 Genesee Regional Bank B 108 0.0%6.81%
12 Mortgage Research Center C 104 50.0%6.38%
13 AMERICU Credit Union C 105 50.0%6.13%
14 U.S. Bank D 96 33.3%7.18%
15 21st Mortgage F 92 22.2%10.31%
16 Sefcu Services A 96 0.0%6.06%
17 Freedom Mortgage B 91 22.2%6.99%
18 Crosscountry Mortgage B 85 0.0%6.63%
19 Movement Mortgage A 75 14.3%6.75%
20 Loandepot.Com D 73 57.1%8.50%
21 Discover Bank F 60 50.0%
22 Citizens Bank C 62 16.7%8.45%
23 Better Mortgage F 61 33.3%6.00%
24 Farm Credit East, ACA A 65 16.7%7.00%
25 Glens Falls National Bank and Trust C 63 16.7%6.50%

Best approval odds in Franklin County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1Community Bank12818.8%
2Rocket Mortgage7834.6%

What Franklin County borrowers applied for

By loan purpose

Home purchase 326 49% · 10.7% denied
Refinance 82 12% · 13.4% denied
Cash-out refinance 83 12% · 33.7% denied
Home improvement 73 11% · 39.7% denied
Other / HELOC 101 15% · 25.7% denied

By loan type

Conventional 522 78% · 16.7% denied
FHA 101 15% · 33.7% denied
VA 36 5% · 22.2% denied
USDA / RHS 6 1% · 0.0% denied

Why applications were denied

Collateral 39 30%
Credit history 33 26%
Debt-to-income ratio 28 22%
Other 12 9%
Incomplete application 6 5%
Insufficient cash 5 4%
Unverifiable information 3 2%
Employment history 3 2%

Franklin County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202365839422.3%6.75%$115,000
202457035320.7%6.99%$125,000
202566538019.4%6.75%$135,000

Frequently asked questions

19.4% of applications in Franklin County were denied in 2025, against 19.8% statewide in New York.

Community Bank, with 167 applications in 2025 and a denial rate of 14.4%.

The median mortgage application in Franklin County in 2025 was for $135,000; the median property value on originated loans was $225,000.