Morris Bank Mortgage Rates, Fees & Info

Dublin, GA

LEI: 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

237

Origination Dollar Volume (All Markets)

$69,345,000

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
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%
Morris Bank's top markets include Atlanta, Hilton Head Island, Macon, Warner Robins, and Savannah among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 124 $37,040,000 $298,710 $0 0.00%
    Home Purchase 83 $29,365,000 $353,795 $0 0.00%
    Other 15 $1,515,000 $101,000 $0 0.00%
    Home Improvement 9 $605,000 $67,222 $0 0.00%
    Cash Out Refi 6 $820,000 $136,667 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 122 $6,900,000 $56,557 $0 0.00%
    $100k-200k 43 $5,945,000 $138,256 $0 0.00%
    $200k-400k 40 $11,420,000 $285,500 $0 0.00%
    $400k-600k 19 $9,245,000 $486,579 $0 0.00%
    $600k-1MM 7 $4,865,000 $695,000 $0 0.00%
    $1MM+ 6 $30,970,000 $5,161,667 $0 0.00%

    2023 saw Morris Bank place emphasis on $100,000 or less loans with 122 originations, totaling $6,900,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 32 $3,950,000 $123,438 $0 0.00%
    $150k-250k 28 $5,430,000 $193,929 $0 0.00%
    $50k-75k 26 $2,620,000 $100,769 $0 0.00%
    $50k or less 21 $1,145,000 $54,524 $0 0.00%
    $250k+ 20 $9,780,000 $489,000 $0 0.00%
    $75k-100k 13 $1,865,000 $143,462 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 97 $44,555,000 $459,330 $0 0.00%
    White 118 $21,690,000 $183,814 $0 0.00%
    Black 20 $2,310,000 $115,500 $0 0.00%
    Not provided 2 $790,000 $395,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    83.67%

    Morris Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    78.90%

    Morris Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 237 $69,345,000 $292,595

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    237 $69,345,000 $292,595