Copiah Bank Mortgage Rates, Fees & Info
Hazlehurst, MSLEI: 549300LM58V37XNHOB58
Tax ID: 64-0116870
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Mortgage Data
Review & Overview
Copiah Bank is a smaller bank specializing in Home Purchase and Refi loans. Copiah Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Jackson, Daphne, Bogalusa, and Vicksburg among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Copiah 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
80Origination Dollar Volume (All Markets)
$8,800,000Top 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 |
|---|---|---|---|---|---|
| JACKSON, MS (FHA|USDA|VA) | 76 | $7,520,000 | $98,947 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| Bogalusa, LA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Vicksburg, MS (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 79 | $8,665,000 | $109,684 | $0 | 0.00% |
| FHA | 1 | $135,000 | $135,000 | $0 | 0.00% |
For 2023, Copiah Bank's most frequently originated type of loan was Conventional, with 79 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
For 2023, Copiah Bank's most frequently cited loan purpose was Home Purchase, with 39 originations. The 2nd most popular reason was Refi, with 22 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 80 | $8,800,000 | $110,000 | $0 | 0.00% |
For 2023, Copiah Bank's most frequently cited loan duration was Other, with 80 originations.
Loan Sizing
2023 saw Copiah Bank place emphasis on $100,000 or less loans with 43 originations, totaling $2,015,000 in origination value.
Applicant Income
Copiah Bank lent most frequently to those with incomes in the $100k-150k range, with 16 originations. The second most popular income band? $50k-75k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 80 | $8,800,000 | $110,000 | $0 | 0.00% |
Copiah Bank lent most frequently to those with DTI ratios of Exempt%, with 80 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.90%
Copiah Bank has an average approval rate.
Pick Rate
Approvals leading to origination88.75%
Copiah Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 80 | $8,800,000 | $110,000 |