# Merchants & Marine Bank

> **Canonical URL:** https://saferate.com/lenders/merchants-marine-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Merchants & Marine Bank is a bank, headquartered in Pascagoula, MS, serving borrowers across 8 states, with 188 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 57% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 47% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300ZMSSTP768USP32
- **Headquarters:** Pascagoula, MS
- **Geographic Reach:** Multi-Region
- **States Served:** 8
- **State List:** AL, FL, GA, IN, LA, MS, PA, TX
- **Markets (MSAs):** 5
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 43/100
- Rating: ●●●○○ (3/5)

### Pull Through: Sound ☺️
- Score: 53/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +0.334%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,792
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 188
- **Dollar Volume:** $48 million
- **Applications Received:** 280
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $252,660
- **Average Borrower Income:** $113,165
- **Average Property Value:** $324,096

## Safe Rate Awards 🏆

- ⭐ **FHA Gold Superstar** (63%)
- ⭐ **Purchase Gold Superstar** (63%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 57/100 | 123 | +0.276% | $1,866 | Sound ☺️ |
| FHA | 64/100 | 41 | +0.637% | $1,853 | Strong 😀 |
| VA | 58/100 | 15 | -0.107% | $1,103 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 109 loans, Score: 58/100 (Sound)

**FHA:**
- Purchase: 39 loans, Score: 64/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 61/100 | 172 | $45M | +0.361% | Strong 😀 |
| Refinance | 30/100 | 16 | $3M | +0.129% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MS | 133 | 0.53% | 75/100 |
| LA | 31 | 0.09% | 55/100 |
| AL | 18 | 0.03% | 49/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Hattiesburg, MS | MS | 82 | 93/100 |
| Non |  | 31 | 40/100 |
| Baton Rouge, LA | LA | 22 | 54/100 |
| Gulfport | MS | 19 | 56/100 |
| Daphne | AL | 15 | 53/100 |

## Where This Lender Ranks

Merchants & Marine Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Hattiesburg, MS for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/hattiesburg-ms/best-mortgage-lenders/banks/usda-loans)
- 🥉 **#3** in Hattiesburg, MS for USDA Loans
  - [View Full Rankings](https://saferate.com/hattiesburg-ms/best-mortgage-lenders/usda-loans)
- 🏆 **#5** in Hattiesburg, MS Banks
  - [View Full Rankings](https://saferate.com/hattiesburg-ms/best-mortgage-lenders/banks)
- 🏆 **#5** in Hattiesburg, MS for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/hattiesburg-ms/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#5** in Hattiesburg, MS for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/hattiesburg-ms/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#8** in Hattiesburg, MS for Conventional Loans
  - [View Full Rankings](https://saferate.com/hattiesburg-ms/best-mortgage-lenders/conventional-loans)
- 🏆 **#9** in Hattiesburg, MS for FHA Loans
  - [View Full Rankings](https://saferate.com/hattiesburg-ms/best-mortgage-lenders/fha-loans)
- 🏆 **#10** in Hattiesburg, MS
  - [View Full Rankings](https://saferate.com/hattiesburg-ms/best-mortgage-lenders)
- 🏆 **#11** in Baton Rouge, LA Banks
  - [View Full Rankings](https://saferate.com/baton-rouge-la/best-mortgage-lenders/banks)
- 🏆 **#11** in Gulfport for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/gulfport/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#13** in Baton Rouge, LA for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/baton-rouge-la/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#14** in Mississippi for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/mississippi/best-mortgage-lenders/banks/usda-loans)
- 🏆 **#15** in Mississippi for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/mississippi/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#16** in Mississippi for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/mississippi/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#16** in Mississippi for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/mississippi/best-mortgage-lenders/banks/va-loans)
- 🏆 **#17** in Mississippi Banks
  - [View Full Rankings](https://saferate.com/mississippi/best-mortgage-lenders/banks)

## Frequently Asked Questions

### What loan types does Merchants & Marine Bank offer?

Merchants & Marine Bank offers the following mortgage loan types: FHA, Conventional, VA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Merchants & Marine Bank offer mortgages?

Merchants & Marine Bank offers mortgages in 8 states: AL, FL, GA, IN, LA, MS, PA, TX.

### How competitive are Merchants & Marine Bank's mortgage rates?

Merchants & Marine Bank has a pricing score of 43/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.334% above market average.

### What type of lender is Merchants & Marine Bank?

Merchants & Marine Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Pascagoula, MS.

### What is Merchants & Marine Bank's loan approval success rate?

Merchants & Marine Bank has a pull-through score of 53/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/merchants-marine-bank

### How to Cite

> "Merchants & Marine Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/merchants-marine-bank

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