Copiah Bank Mortgage Rates, Fees & Info

Hazlehurst, MS

LEI: 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. Their top markets by origination volume include: Jackson, Daphne, Oxford, Crestview, and Pensacola among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

Copiah Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

137

Origination Dollar Volume (All Markets)

$21,345,000

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
JACKSON, MS (FHA|USDA|VA) 111 $15,245,000 $137,342 $0 0.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 4 $1,610,000 $402,500 $0 0.00%
Oxford, MS (FHA|USDA|VA) 5 $1,365,000 $273,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $810,000 $405,000 $0 0.00%
Outside of Metro Areas 6 $520,000 $86,667 $0 0.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
Starkville, MS (FHA|USDA|VA) 3 $445,000 $148,333 $0 0.00%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
Natchez, MS-LA (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Meridian, MS (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
Brookhaven, MS (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
Copiah Bank's top markets include Jackson, Daphne, Oxford, Crestview, and Pensacola among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 137 $21,345,000 $155,803 $0 0.00%

    For 2022, Copiah Bank's most frequently originated type of loan was Conventional, with 137 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 74 $13,340,000 $180,270 $0 0.00%
    Refi 49 $6,325,000 $129,082 $0 0.00%
    Home Improvement 7 $435,000 $62,143 $0 0.00%
    Other 4 $310,000 $77,500 $0 0.00%
    Cash Out Refi 3 $935,000 $311,667 $0 0.00%

    For 2022, Copiah Bank's most frequently cited loan purpose was Home Purchase, with 74 originations. The 2nd most popular reason was Refi, with 49 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 137 $21,345,000 $155,803 $0 0.00%

    For 2022, Copiah Bank's most frequently cited loan duration was Other, with 137 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 62 $3,440,000 $55,484 $0 0.00%
    $100k-200k 45 $6,685,000 $148,556 $0 0.00%
    $200k-400k 20 $5,780,000 $289,000 $0 0.00%
    $400k-600k 7 $3,255,000 $465,000 $0 0.00%
    $600k-1MM 3 $2,185,000 $728,333 $0 0.00%

    2022 saw Copiah Bank place emphasis on $100,000 or less loans with 62 originations, totaling $3,440,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 37 $3,505,000 $94,730 $0 0.00%
    $100k-150k 13 $1,705,000 $131,154 $0 0.00%
    $50k-75k 13 $1,425,000 $109,615 $0 0.00%
    $75k-100k 13 $1,245,000 $95,769 $0 0.00%
    $150k-250k 5 $665,000 $133,000 $0 0.00%
    $250k+ 4 $1,270,000 $317,500 $0 0.00%

    Copiah Bank lent most frequently to those with incomes in the $50k or less range, with 37 originations. The second most popular income band? $100k-150k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 137 $21,345,000 $155,803 $0 0.00%

    Copiah Bank lent most frequently to those with DTI ratios of Exempt%, with 137 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 48 $10,470,000 $218,125 $0 0.00%
    White 69 $9,295,000 $134,710 $0 0.00%
    Black 17 $945,000 $55,588 $0 0.00%
    Asian 2 $380,000 $190,000 $0 0.00%
    Other Asian 1 $255,000 $255,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.97%

    Copiah Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    95.62%

    Copiah Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 137 $21,345,000 $155,803

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    137 $21,345,000 $155,803