Morris Bank Mortgage Rates, Fees & Info

Dublin, GA

LEI: 254900VA7WQ1PZGYI558

Tax ID: 58-0806683

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Morris Bank is a smaller bank specializing in Home Purchase and Refi loans. Morris Bank has a high proportion of conventional loans. Their top markets by origination volume include: Macon, Statesboro, Warner Robins, Augusta, and Dublin among others. We have data for 21 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.

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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


Originations

351

Origination Dollar Volume (All Markets)

$85,875,000

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
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 79 $16,375,000 $207,278 $0 0.00%
Statesboro, GA (FHA|USDA|VA) 57 $14,645,000 $256,930 $0 0.00%
WARNER ROBINS, GA (FHA|USDA|VA) 64 $13,070,000 $204,219 $0 0.00%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 4 $10,780,000 $2,695,000 $0 0.00%
Dublin, GA (FHA|USDA|VA) 71 $8,455,000 $119,085 $0 0.00%
Outside of Metro Areas 30 $6,390,000 $213,000 $0 0.00%
Milledgeville, GA (FHA|USDA|VA) 15 $3,185,000 $212,333 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 6 $2,930,000 $488,333 $0 0.00%
BRUNSWICK, GA (FHA|USDA|VA) 6 $2,650,000 $441,667 $0 0.00%
SAVANNAH, GA (FHA|USDA|VA) 3 $1,565,000 $521,667 $0 0.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $1,265,000 $1,265,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $1,175,000 $391,667 $0 0.00%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $745,000 $745,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $705,000 $705,000 $0 0.00%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 2 $460,000 $230,000 $0 0.00%
COLUMBIA, SC (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
ALBANY, GA (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
Vidalia, GA (FHA|USDA|VA) 3 $265,000 $88,333 $0 0.00%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
PANAMA CITY, FL (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
Cullowhee, NC (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
Morris Bank's top markets include Macon, Statesboro, Warner Robins, Augusta, and Dublin among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 351 $85,875,000 $244,658 $0 0.00%

    For 2022, Morris Bank's most frequently originated type of loan was Conventional, with 351 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 173 $47,715,000 $275,809 $0 0.00%
    Refi 138 $34,250,000 $248,188 $0 0.00%
    Home Improvement 20 $1,290,000 $64,500 $0 0.00%
    Other 11 $975,000 $88,636 $0 0.00%
    Cash Out Refi 9 $1,645,000 $182,778 $0 0.00%

    For 2022, Morris Bank's most frequently cited loan purpose was Home Purchase, with 173 originations. The 2nd most popular reason was Refi, with 138 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 351 $85,875,000 $244,658 $0 0.00%

    For 2022, Morris Bank's most frequently cited loan duration was Other, with 351 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 162 $8,770,000 $54,136 $0 0.00%
    $100k-200k 78 $11,270,000 $144,487 $0 0.00%
    $200k-400k 65 $18,635,000 $286,692 $0 0.00%
    $400k-600k 24 $11,530,000 $480,417 $0 0.00%
    $600k-1MM 12 $8,730,000 $727,500 $0 0.00%
    $1MM+ 10 $26,940,000 $2,694,000 $0 0.00%

    2022 saw Morris Bank place emphasis on $100,000 or less loans with 162 originations, totaling $8,770,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 42 $7,670,000 $182,619 $0 0.00%
    $50k-75k 40 $5,320,000 $133,000 $0 0.00%
    $75k-100k 35 $3,575,000 $102,143 $0 0.00%
    $50k or less 32 $1,880,000 $58,750 $0 0.00%
    $150k-250k 26 $6,370,000 $245,000 $0 0.00%
    $250k+ 26 $13,270,000 $510,385 $0 0.00%

    Morris Bank lent most frequently to those with incomes in the $100k-150k range, with 42 originations. The second most popular income band? $50k-75k, with 40 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 351 $85,875,000 $244,658 $0 0.00%

    Morris Bank lent most frequently to those with DTI ratios of Exempt%, with 351 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 145 $46,315,000 $319,414 $0 0.00%
    White 162 $31,120,000 $192,099 $0 0.00%
    Asian 1 $3,395,000 $3,395,000 $0 0.00%
    Not provided 22 $2,740,000 $124,545 $0 0.00%
    Black 21 $2,305,000 $109,762 $0 0.00%

    Approval Rates

    Total approvals of all applications
    81.55%

    Morris Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.91%

    Morris Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 351 $85,875,000 $244,658

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    351 $85,875,000 $244,658