Murphy Bank Mortgage Rates, Fees & Info

Fresno, CA

LEI: 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, Fresno, and Santa Maria among others. We have data for 10 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

54

Origination Dollar Volume (All Markets)

$8,890,000

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
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 30 $5,620,000 $187,333 $0 8.90%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 5 $1,405,000 $281,000 $0 8.84%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 4 $410,000 $102,500 $0 8.55%
FRESNO, CA (FHA|USDA|VA) 4 $310,000 $77,500 $0 8.83%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 3 $305,000 $101,667 $0 9.07%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $275,000 $91,667 $0 8.60%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $240,000 $120,000 $0 8.40%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $135,000 $135,000 $0 9.10%
Outside of Metro Areas 1 $125,000 $125,000 $0 8.95%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.95%
Murphy Bank's top markets include San Luis Obispo, Los Angeles, Riverside, Fresno, and Santa Maria among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 54 $8,890,000 $164,630 $0 8.84%

    For 2023, Murphy Bank's most frequently originated type of loan was Conventional, with 54 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 48 $8,170,000 $170,208 $0 8.86%
    Home Improvement 3 $405,000 $135,000 $0 8.78%
    Other 3 $315,000 $105,000 $0 8.72%

    For 2023, Murphy Bank's most frequently cited loan purpose was Home Purchase, with 48 originations. The 2nd most popular reason was Home Improvement, with 3 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 54 $8,890,000 $164,630 $0 8.84%

    For 2023, Murphy Bank's most frequently cited loan duration was Other, with 54 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 51 $8,435,000 $165,392
    7-8% 3 $455,000 $151,667

    During 2023, Murphy Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 51 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 22 $1,530,000 $69,545 $0 8.80%
    $100k-200k 17 $2,455,000 $144,412 $0 8.98%
    $200k-400k 11 $2,885,000 $262,273 $0 8.75%
    $400k-600k 4 $2,020,000 $505,000 $0 8.76%

    2023 saw Murphy Bank place emphasis on $100,000 or less loans with 22 originations, totaling $1,530,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 20 $5,150,000 $257,500 $0 8.79%
    $50k-75k 13 $1,195,000 $91,923 $0 8.87%
    $100k-150k 11 $1,485,000 $135,000 $0 8.87%
    $75k-100k 6 $720,000 $120,000 $0 8.90%
    $50k or less 3 $155,000 $51,667 $0 8.80%
    $250k+ 1 $185,000 $185,000 $0 9.10%

    Murphy Bank lent most frequently to those with incomes in the $150k-250k range, with 20 originations. The second most popular income band? $50k-75k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 24 $3,740,000 $155,833 $0 8.86%
    30-36% 13 $2,245,000 $172,692 $0 8.85%
    <20% 5 $595,000 $119,000 $0 8.57%
    36% 4 $570,000 $142,500 $0 9.00%
    41% 3 $705,000 $235,000 $0 8.85%
    40% 2 $590,000 $295,000 $0 8.95%
    37% 2 $320,000 $160,000 $0 8.90%
    39% 1 $125,000 $125,000 $0 8.75%

    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 13 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 42 $6,360,000 $151,429 $0 8.81%
    Not provided 7 $2,005,000 $286,429 $0 8.86%
    Asian 4 $490,000 $122,500 $0 9.01%
    Filipino 1 $35,000 $35,000 $0 9.35%

    Approval Rates

    Total approvals of all applications
    72.58%

    Murphy Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    33.33%

    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 54 $8,890,000 $164,630

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    54 $8,890,000 $164,630