Metro City Bank Mortgage Rates, Fees & Info
Doraville, GALEI: 254900TM81D0YC1B9584
Tax ID: 76-0819027
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Mortgage Data
Review & Overview
Metro City Bank is a smaller bank specializing in Home Purchase loans. Metro City Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Atlanta, Philadelphia, Dallas, and Houston among others. We have data for 96 markets. (Some data included below & more in-depth data is available with an active subscription.)Metro City Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Metro City Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 9.12% | 4/5/25 |
| 30 Year Conventional Refi | 8.62% | 4/5/25 |
| 30 Year Cash-out Refi | 9.01% | 4/5/25 |
| 15 Year Conventional Purchase | 8.44% | 4/5/25 |
| 15 Year Conventional Refi | 8.28% | 4/5/25 |
| 15 Year Cash-out Refi | 8.28% | 4/5/25 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Metro City Bank Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Metro City Bank. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,229Origination Dollar Volume (All Markets)
$411,305,000Awards
Metro City Bank - 2024
Metro City Bank is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Metro City Bank's average 30 year fixed mortgage rate was
7.19%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.64%.
Relative Fees (Closing Costs)
Metro City Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $9,258.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 469 | $218,745,000 | $466,407 | $12,195 | 7.11% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 232 | $69,600,000 | $300,000 | $6,750 | 7.34% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 153 | $31,335,000 | $204,804 | $7,061 | 7.10% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 22 | $6,590,000 | $299,545 | $6,527 | 7.28% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 22 | $6,230,000 | $283,182 | $7,007 | 7.30% |
| Outside of Metro Areas | 29 | $5,585,000 | $192,586 | $6,958 | 7.31% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 20 | $5,230,000 | $261,500 | $8,623 | 7.34% |
| SAVANNAH, GA (FHA|USDA|VA) | 14 | $3,720,000 | $265,714 | $5,992 | 7.39% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 9 | $3,465,000 | $385,000 | $9,068 | 7.24% |
| ROCHESTER, NY (FHA|USDA|VA) | 19 | $3,355,000 | $176,579 | $6,452 | 7.20% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 8 | $3,170,000 | $396,250 | $7,930 | 7.30% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 8 | $2,090,000 | $261,250 | $12,250 | 7.06% |
| SYRACUSE, NY (FHA|USDA|VA) | 10 | $1,810,000 | $181,000 | $6,818 | 7.10% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 6 | $1,790,000 | $298,333 | $8,962 | 7.29% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 6 | $1,740,000 | $290,000 | $10,018 | 7.15% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 7 | $1,705,000 | $243,571 | $8,069 | 7.13% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 6 | $1,690,000 | $281,667 | $7,045 | 7.42% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 7 | $1,635,000 | $233,571 | $7,609 | 6.95% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 10 | $1,630,000 | $163,000 | $4,999 | 7.31% |
| RICHMOND, VA (FHA|USDA|VA) | 7 | $1,595,000 | $227,857 | $6,497 | 7.30% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 5 | $1,585,000 | $317,000 | $7,941 | 7.20% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 4 | $1,570,000 | $392,500 | $7,586 | 6.97% |
| GAINESVILLE, GA (FHA|USDA|VA) | 5 | $1,555,000 | $311,000 | $6,705 | 7.20% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 8 | $1,540,000 | $192,500 | $6,478 | 6.97% |
| LANCASTER, PA (FHA|USDA|VA) | 7 | $1,525,000 | $217,857 | $7,208 | 7.21% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 6 | $1,520,000 | $253,333 | $8,489 | 7.06% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 6 | $1,440,000 | $240,000 | $7,164 | 7.19% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 5 | $1,405,000 | $281,000 | $6,152 | 7.23% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 5 | $1,275,000 | $255,000 | $5,654 | 7.58% |
| Jefferson, GA (FHA|USDA|VA) | 4 | $1,030,000 | $257,500 | $6,072 | 7.34% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $7,154 | 7.13% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $11,098 | 7.25% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $7,578 | 7.50% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $10,143 | 7.19% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $11,107 | 7.50% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $5,196 | 7.16% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $7,686 | 7.17% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $7,256 | 7.08% |
| MONTGOMERY, AL (FHA|USDA|VA) | 4 | $670,000 | $167,500 | $4,856 | 7.06% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 5 | $645,000 | $129,000 | $4,475 | 7.83% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $0 | 7.46% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $0 | 7.63% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $5,023 | 7.50% |
| BURLINGTON, NC (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $5,982 | 7.19% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $6,324 | 7.04% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $7,351 | 7.00% |
| ROME, GA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $5,767 | 7.44% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 7.13% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 7.56% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 7.19% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $8,537 | 7.38% |
| KINGSTON, NY (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $7,587 | 7.38% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $7,361 | 7.38% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 7.31% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 6.75% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $5,879 | 7.31% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $8,389 | 7.38% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 7.00% |
| VALDOSTA, GA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $5,798 | 7.06% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,743 | 7.13% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,234 | 7.25% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $7,817 | 6.88% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $3,634 | 7.50% |
| Tifton, GA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 7.50% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,497 | 7.50% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,112 | 7.63% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,650 | 6.75% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,392 | 7.63% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $4,370 | 7.38% |
| UTICA-ROME, NY (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $6,751 | 7.63% |
| Amsterdam, NY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,326 | 7.38% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 7.38% |
| Albertville, AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 7.38% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,273 | 7.63% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,122 | 7.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 7.38% |
| Lake City, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,270 | 7.38% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 6.75% |
| OCALA, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,544 | 7.38% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,336 | 7.50% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,972 | 7.63% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 7.38% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,562 | 7.50% |
| Cullman, AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,933 | 7.63% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,784 | 7.00% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,511 | 7.63% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,777 | 7.38% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,426 | 7.38% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 7.38% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 7.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,516 | 6.63% |
| Batavia, NY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,910 | 7.13% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,616 | 7.25% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,922 | 7.25% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.00% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,374 | 6.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against Metro City Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,229 | $411,305,000 | $334,666 | $9,222 | 7.20% |
For 2024, Metro City Bank's most frequently originated type of loan was Conventional, with 1,229 originations.
Loan Reason
For 2024, Metro City Bank's most frequently cited loan purpose was Home Purchase, with 1,138 originations. The 2nd most popular reason was Other, with 34 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 1,217 | $409,525,000 | $336,504 | $9,258 | 7.19% |
| 15 Year | 12 | $1,780,000 | $148,333 | $5,514 | 8.25% |
For 2024, Metro City Bank's most frequently cited loan duration was 30 Year, with 1,217 originations. The 2nd most popular length was 15 Year, with 12 originations.
Origination Fees/Closing Costs
Metro City Bank's average total fees were $9,258, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 297 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 768 | $251,690,000 | $327,721 |
| 6-7% | 447 | $157,255,000 | $351,801 |
| Over 8% | 14 | $2,360,000 | $168,571 |
During 2024, Metro City Bank's average interest rate for loans was 7.19%, while their most frequently originated rate bucket for loans was 7-8%, with 768 originations.
Loan Sizing
2024 saw Metro City Bank place emphasis on $200k-400k loans with 597 originations, totaling $169,605,000 in origination value.
Applicant Income
Metro City Bank lent most frequently to those with incomes in the $150k-250k range, with 516 originations. The second most popular income band? $250k+, with 336 originations.
Applicant Debt to Income Ratio
Metro City Bank lent most frequently to those with DTI ratios of 30-36%, with 447 originations. The next most common DTI ratio? 20-30%, with 316 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.49%
Metro City Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination86.82%
Metro City Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,229 | $411,305,000 | $334,666 |