Copiah Bank Mortgage Rates, Fees & Info
Hazlehurst, MSLEI: 549300LM58V37XNHOB58
Tax ID: 64-0116870
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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
137Origination Dollar Volume (All Markets)
$21,345,000Top 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) | 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% |
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
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
2022 saw Copiah Bank place emphasis on $100,000 or less loans with 62 originations, totaling $3,440,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications95.97%
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 origination95.62%
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 |