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First Franklin Mortgage Co.

First Franklin Mortgage made the change from prime lending to non-conforming lending in 1994.  First Franklin Mortgage is headquartered in San Jose, California and was also the first firm to offer a unique FICO-based product that allowed mortgage loan alternatives for borrowers who were between traditional sub-prime tiers and Alt-A tiers.  First Franklin offers a wonderful mixture of local, responsive service along with world-class lending strength.  First Franklin purchases, originates, sells, and securitizes non-forming and/or sub-prime residential first and second lien mortgage loans as well as home equity lines of credit.  This combination makes it simple for their mortgage brokers to more readily offer borrowers hassle-free yet flexible mortgage loan solutions.  First Franklin does NOT offer mortgages directly to consumers – they offer mortgages to lender, who then offer the mortgage products to their respective borrowers.  If a consumer is interested in purchasing any of First Franklin’s special loan products, the consumer must first locate a mortgage broker that is "Franklin approved". 

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First Franklin is a division and/or subsidiary of National City Bank of Indiana.  First Franklin has thirty-four locations nationwide and they originated more than $29.6 billion in loan production in 2005 – a great record.

First Franklin’s Key Personnel include:  L. Andrew "Andy" Pollock who is President and Chief Executive Officer; and Joe Diminicis, Chief Financial Officer

First Franklin’s top three competitors are:  Countrywide Financial Corporation, Washington Mutual, Inc. and Wells Fargo and Company.

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Loans Funded by First Franklin Mortgage

First Franklin offers a variety of home mortgage loan products.

• Purchase Mortgages
• Refinance Mortgage Programs
• LIV Mortgage Loan (can be for Purchase or Refinance) – "Limited Income Verification"; great for self-employed and/or 1099 form borrowers.  The option requires only six months of bank statements for high loan-to-value (LTV) and Jumbo Loans.  Additionally, a consumer can obtain up to 100% financing if their FICO score is 640 or above.  Should the consumer’s FICO score be 620 or less, First Franklin requires one year’s worth of verification of employment.  The also offer up to 80% LTV for FICO scores 540 and below.  This loan can come as Interest Only, Fixed Rate or Adjustable Rate and up to 6% of seller contributions may be used for the costs of closing.
• Jumbo Loans
• Interest Only Loan Programs
• Fixed Rate Loan Programs
• Adjustable Rate Loan Programs (ARM)

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California Mortgage Loans is not directly affiliated with any mortgage broker or lender and cannot make any guarantee as to the lender affiliation of any broker or agent which contacts you. Company information on our site is for informational purposes only.