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 and Cash Out Refi loans. Murphy Bank has a high proportion of conventional loans. Their top markets by origination volume include: San Luis Obispo, Los Angeles, Santa Maria, San Diego, and Fresno 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
103Origination Dollar Volume (All Markets)
$19,715,000Top 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) | 52 | $10,950,000 | $210,577 | $0 | 5.81% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 13 | $3,295,000 | $253,462 | $0 | 5.52% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 8 | $1,250,000 | $156,250 | $0 | 6.04% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 6 | $920,000 | $153,333 | $0 | 7.05% |
| FRESNO, CA (FHA|USDA|VA) | 5 | $905,000 | $181,000 | $0 | 6.45% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $0 | 5.09% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $0 | 6.55% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 7.63% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 5.98% |
| VISALIA, CA (FHA|USDA|VA) | 3 | $155,000 | $51,667 | $0 | 6.37% |
| NAPA, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 5.15% |
| CARSON CITY, NV (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 6.75% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.20% |
| MADERA, CA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.90% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 103 | $19,715,000 | $191,408 | $0 | 5.96% |
For 2022, Murphy Bank's most frequently originated type of loan was Conventional, with 103 originations.
Loan Reason
For 2022, Murphy Bank's most frequently cited loan purpose was Home Purchase, with 70 originations. The 2nd most popular reason was Cash Out Refi, with 24 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 103 | $19,715,000 | $191,408 | $0 | 5.96% |
For 2022, Murphy Bank's most frequently cited loan duration was Other, with 103 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 38 | $6,600,000 | $173,684 |
| 4-5% | 23 | $6,025,000 | $261,957 |
| 6-7% | 21 | $3,545,000 | $168,810 |
| 7-8% | 15 | $2,675,000 | $178,333 |
| Over 8% | 6 | $870,000 | $145,000 |
During 2022, Murphy Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 38 originations.
Loan Sizing
2022 saw Murphy Bank place emphasis on $100k-200k loans with 41 originations, totaling $5,785,000 in origination value.
Applicant Income
Murphy Bank lent most frequently to those with incomes in the $100k-150k range, with 41 originations. The second most popular income band? $75k-100k, with 21 originations.
Applicant Debt to Income Ratio
Murphy Bank lent most frequently to those with DTI ratios of 30-36%, with 45 originations. The next most common DTI ratio? 20-30%, with 31 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.50%
Murphy Bank has a below average approval rate.
Pick Rate
Approvals leading to origination36.89%
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 | 103 | $19,715,000 | $191,408 |