Largest lenders in Franklin city
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | NVR Mortgage Finance | B | 97 | 51 | 35.1% | 6.13% |
| 2 | Mortgage Research Center | C | 25 | 12 | 16.0% | 6.56% |
| 3 | United Shore Financial Services | B | 19 | 14 | 21.1% | 6.40% |
| 4 | Atlantic Bay Mortgage Group | A | 17 | 17 | 0.0% | 6.75% |
| 5 | BRONCO Federal Credit Union | C | 15 | 4 | 60.0% | 6.75% |
| 6 | Movement Mortgage | A | 15 | 12 | 0.0% | 6.75% |
| 7 | Navy Federal Credit Union | D | 15 | 6 | 20.0% | 6.88% |
| 8 | Broker Solutions | D | 14 | 9 | 0.0% | 7.25% |
| 9 | American Neighborhood Mortgage Acceptance Company | B | 13 | 4 | 15.4% | 6.56% |
| 10 | Truist Bank | C | 11 | 2 | 63.6% | 6.61% |
| 11 | Rocket Mortgage | C | 11 | 9 | 9.1% | 6.50% |
| 12 | Vanderbilt Mortgage and Finance | F | 10 | 0 | 50.0% | — |
| 13 | Southern Trust Mortgage | B | 9 | 8 | 0.0% | 6.56% |
| 14 | Dhi Mortgage Company | B | 9 | 6 | 11.1% | 4.99% |
| 15 | Freedom Mortgage | B | 8 | 3 | 12.5% | 6.63% |
| 16 | Newrez | D | 8 | 3 | 50.0% | 6.25% |
| 17 | LANGLEY Federal Credit Union | C | 7 | 5 | 14.3% | 7.49% |
| 18 | Chartway Federal Credit Union | B | 5 | 4 | 0.0% | 7.33% |
| 19 | Plaza Home Mortgage | C | 5 | 5 | 0.0% | 6.63% |
| 20 | Loandepot.Com | D | 5 | 4 | 20.0% | 8.25% |
| 21 | Unnamed lender 254900T8N4RLS6G3BF64 | F | 5 | 0 | 20.0% | — |
Best approval odds in Franklin city
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | NVR Mortgage Finance | 85 | 40.0% |
What Franklin city borrowers applied for
By loan purpose
By loan type
Why applications were denied
Franklin city by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 323 | 200 | 16.1% | 6.63% | $195,000 |
| 2024 | 350 | 237 | 12.9% | 6.75% | $195,000 |
| 2025 | 477 | 258 | 22.0% | 6.55% | $215,000 |
Frequently asked questions
22.0% of applications in Franklin city were denied in 2025, against 15.9% statewide in Virginia.
NVR Mortgage Finance, with 97 applications in 2025 and a denial rate of 35.1%.
The median mortgage application in Franklin city in 2025 was for $215,000; the median property value on originated loans was $255,000.