Morris Bank Mortgage Rates, Fees & Info
Dublin, GALEI: 254900VA7WQ1PZGYI558
Tax ID: 58-0806683
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Mortgage Data
Review & Overview
Morris Bank is a smaller bank specializing in Refi and Home Purchase loans. Morris Bank has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Hilton Head Island, Macon, Warner Robins, and Savannah among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)Morris Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
237Origination Dollar Volume (All Markets)
$69,345,000Top 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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 5 | $11,895,000 | $2,379,000 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 3 | $8,365,000 | $2,788,333 | $0 | 0.00% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 53 | $7,935,000 | $149,717 | $0 | 0.00% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 48 | $7,710,000 | $160,625 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 9 | $5,965,000 | $662,778 | $0 | 0.00% |
| Statesboro, GA (FHA|USDA|VA) | 41 | $5,685,000 | $138,659 | $0 | 0.00% |
| Douglas, GA (FHA|USDA|VA) | 1 | $5,475,000 | $5,475,000 | $0 | 0.00% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $4,845,000 | $4,845,000 | $0 | 0.00% |
| Outside of Metro Areas | 21 | $3,455,000 | $164,524 | $0 | 0.00% |
| Dublin, GA (FHA|USDA|VA) | 34 | $3,250,000 | $95,588 | $0 | 0.00% |
| BRUNSWICK, GA (FHA|USDA|VA) | 3 | $1,575,000 | $525,000 | $0 | 0.00% |
| Milledgeville, GA (FHA|USDA|VA) | 7 | $1,045,000 | $149,286 | $0 | 0.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $0 | 0.00% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| Cedartown, GA (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $0 | 0.00% |
| Thomaston, GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Vidalia, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Jesup, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 237 | $69,345,000 | $292,595 | $0 | 0.00% |
For 2023, Morris Bank's most frequently originated type of loan was Conventional, with 237 originations.
Loan Reason
For 2023, Morris Bank's most frequently cited loan purpose was Refi, with 124 originations. The 2nd most popular reason was Home Purchase, with 83 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 237 | $69,345,000 | $292,595 | $0 | 0.00% |
For 2023, Morris Bank's most frequently cited loan duration was Other, with 237 originations.
Loan Sizing
2023 saw Morris Bank place emphasis on $100,000 or less loans with 122 originations, totaling $6,900,000 in origination value.
Applicant Income
Morris Bank lent most frequently to those with incomes in the $100k-150k range, with 32 originations. The second most popular income band? $150k-250k, with 28 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 237 | $69,345,000 | $292,595 | $0 | 0.00% |
Morris Bank lent most frequently to those with DTI ratios of Exempt%, with 237 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.67%
Morris Bank has a below average approval rate.
Pick Rate
Approvals leading to origination78.90%
Morris Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 237 | $69,345,000 | $292,595 |