Murphy Bank Mortgage Rates, Fees & Info
Fresno, CALEI: 549300IUGPU6Q7414X38
Tax ID: 77-0005559
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Mortgage Data
Review & Overview
Murphy Bank is a smaller bank specializing in Home Purchase loans. Murphy Bank has a high proportion of conventional loans. Their top markets by origination volume include: San Luis Obispo, Los Angeles, Riverside, Oxnard, and Santa Maria among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)Murphy 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
68Origination Dollar Volume (All Markets)
$12,340,000Top 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 |
|---|---|---|---|---|---|
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 35 | $6,325,000 | $180,714 | $0 | 8.68% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 7 | $1,155,000 | $165,000 | $0 | 8.46% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $995,000 | $995,000 | $0 | 8.30% |
| Outside of Metro Areas | 1 | $605,000 | $605,000 | $0 | 8.30% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $0 | 8.73% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 5 | $495,000 | $99,000 | $0 | 8.74% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 8.55% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $0 | 8.95% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 8.50% |
| FRESNO, CA (FHA|USDA|VA) | 4 | $340,000 | $85,000 | $0 | 8.23% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 8.38% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 8.70% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 8.38% |
| VISALIA, CA (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 8.50% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 68 | $12,340,000 | $181,471 | $0 | 8.61% |
For 2024, Murphy Bank's most frequently originated type of loan was Conventional, with 68 originations.
Loan Reason
For 2024, Murphy Bank's most frequently cited loan purpose was Home Purchase, with 48 originations. The 2nd most popular reason was Home Improvement, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 68 | $12,340,000 | $181,471 | $0 | 8.61% |
For 2024, Murphy Bank's most frequently cited loan duration was Other, with 68 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 66 | $12,280,000 | $186,061 |
| 7-8% | 2 | $60,000 | $30,000 |
During 2024, Murphy Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 66 originations.
Loan Sizing
2024 saw Murphy Bank place emphasis on $100,000 or less loans with 24 originations, totaling $1,390,000 in origination value.
Applicant Income
Murphy Bank lent most frequently to those with incomes in the $100k-150k range, with 22 originations. The second most popular income band? $75k-100k, with 17 originations.
Applicant Debt to Income Ratio
Murphy Bank lent most frequently to those with DTI ratios of 20-30%, with 24 originations. The next most common DTI ratio? 30-36%, with 21 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.84%
Murphy Bank has a below average approval rate.
Pick Rate
Approvals leading to origination48.53%
Murphy Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 68 | $12,340,000 | $181,471 |