Meadowbrook Financial Mortgage Bankers Corp. Rates, Fees & Info
ALBANY, NYLEI: 2549008X67CV1MNM7747
Tax ID: 37-1572886
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Meadowbrook Financial Mortgage Bankers Corp. is a smaller bank specializing in Home Purchase loans. Meadowbrook Financial Mortgage Bankers Corp. has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: New York, Miami, Palm Bay, Poughkeepsie, and Atlanta among others. We have data for 63 markets. (Some data included below & more in-depth data is available with an active subscription.)Meadowbrook Financial Mortgage Bankers Corp. has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Meadowbrook Financial Mortgage Bankers Corp. is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.63% | 4/5/25 |
| 30 Year Conventional Refi | 7.41% | 4/5/25 |
| 30 Year Cash-out Refi | 8.16% | 4/5/25 |
| 30 Year FHA Purchase | 7.51% | 4/5/25 |
| 30 Year FHA Refi | 6.91% | 4/5/25 |
| 30 Year VA Purchase | 6.75% | 4/5/25 |
| 30 Year VA Refi | 6.72% | 4/5/25 |
| 15 Year Conventional Purchase | 6.64% | 4/5/25 |
| 15 Year Conventional Refi | 6.31% | 4/5/25 |
| 15 Year Cash-out Refi | 6.31% | 4/5/25 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Meadowbrook Financial Mortgage Bankers Corp. Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Meadowbrook Financial Mortgage Bankers Corp.. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,284Origination Dollar Volume (All Markets)
$675,520,000Relative Rate
Meadowbrook Financial Mortgage Bankers Corp.'s average 30 year fixed mortgage rate was
7.15%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.6%.
Relative Fees (Closing Costs)
Meadowbrook Financial Mortgage Bankers Corp.'s average total fees/closing costs for a 30 year fixed rate
mortgage were $17,238.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 898 | $527,840,000 | $587,795 | $18,708 | 7.09% |
| Outside of Metro Areas | 106 | $49,280,000 | $464,906 | $15,840 | 7.23% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 42 | $19,310,000 | $459,762 | $14,862 | 7.37% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 35 | $12,185,000 | $348,143 | $10,328 | 7.10% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 28 | $11,160,000 | $398,571 | $15,628 | 6.86% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 22 | $7,420,000 | $337,273 | $14,013 | 7.30% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 15 | $4,895,000 | $326,333 | $11,683 | 7.35% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 11 | $4,735,000 | $430,455 | $14,179 | 6.93% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 12 | $2,770,000 | $230,833 | $10,324 | 7.75% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 13 | $2,705,000 | $208,077 | $9,758 | 7.71% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 5 | $2,315,000 | $463,000 | $16,727 | 6.90% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 5 | $1,885,000 | $377,000 | $14,424 | 7.50% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 7 | $1,835,000 | $262,143 | $11,884 | 8.29% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $1,770,000 | $885,000 | $42,080 | 7.56% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 3 | $1,745,000 | $581,667 | $15,748 | 7.04% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 5 | $1,555,000 | $311,000 | $14,054 | 7.55% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 6 | $1,480,000 | $246,667 | $11,188 | 7.33% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $1,250,000 | $625,000 | $26,478 | 6.56% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $1,080,000 | $270,000 | $11,694 | 7.72% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $9,688 | 7.83% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 4 | $1,050,000 | $262,500 | $10,632 | 6.78% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $1,045,000 | $348,333 | $11,420 | 7.21% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $14,625 | 7.69% |
| OCALA, FL (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $7,152 | 7.38% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $11,855 | 6.94% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $16,158 | 8.63% |
| KINGSTON, NY (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $12,442 | 7.56% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $14,314 | 7.50% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $9,116 | 7.21% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $13,663 | 6.50% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $31,057 | 6.75% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $12,014 | 7.13% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $21,936 | 5.75% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $9,860 | 7.50% |
| UTICA-ROME, NY (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $8,825 | 8.63% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $13,910 | 8.63% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $13,000 | 7.13% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $10,674 | 6.63% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $17,813 | 6.25% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $6,668 | 6.81% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $13,763 | 7.25% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $11,240 | 6.63% |
| ROCHESTER, NY (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $7,272 | 7.58% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $13,140 | 6.25% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $14,489 | 7.13% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $16,574 | 6.13% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $11,355 | 6.13% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,245 | 6.63% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,806 | 6.75% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $12,706 | 6.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,998 | 7.13% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $10,194 | 7.63% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $10,750 | 7.25% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,561 | 6.88% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 10.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $11,618 | 7.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $14,117 | 6.75% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,521 | 7.38% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,726 | 6.88% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,943 | 8.25% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $9,041 | 6.88% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,642 | 6.38% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $7,653 | 8.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 64
Similarity Rank: 77
Similarity Rank: 84
Similarity Rank: 96
Similarity Rank: 126
Similarity Rank: 154
Similarity Rank: 168
Similarity Rank: 180
Similarity Rank: 260
Similarity Rank: 270
Product Mix
For 2024, Meadowbrook Financial Mortgage Bankers Corp.'s most frequently originated type of loan was Conventional, with 1,006 originations. Their 2nd most popular type was FHA, with 261 originations.
Loan Reason
For 2024, Meadowbrook Financial Mortgage Bankers Corp.'s most frequently cited loan purpose was Home Purchase, with 1,045 originations. The 2nd most popular reason was Cash Out Refi, with 191 originations.
Loan Duration/Length
For 2024, Meadowbrook Financial Mortgage Bankers Corp.'s most frequently cited loan duration was 30 Year, with 1,267 originations. The 2nd most popular length was 15 Year, with 8 originations.
Origination Fees/Closing Costs
Meadowbrook Financial Mortgage Bankers Corp.'s average total fees were $17,238, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,024 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 659 | $350,285,000 | $531,540 |
| 7-8% | 367 | $193,995,000 | $528,597 |
| Over 8% | 198 | $96,370,000 | $486,717 |
| 5-6% | 60 | $34,870,000 | $581,167 |
During 2024, Meadowbrook Financial Mortgage Bankers Corp.'s average interest rate for loans was 7.15%, while their most frequently originated rate bucket for loans was 6-7%, with 659 originations.
Loan Sizing
2024 saw Meadowbrook Financial Mortgage Bankers Corp. place emphasis on $400k-600k loans with 429 originations, totaling $218,425,000 in origination value.
Applicant Income
Meadowbrook Financial Mortgage Bankers Corp. lent most frequently to those with incomes in the $150k-250k range, with 449 originations. The second most popular income band? $100k-150k, with 333 originations.
Applicant Debt to Income Ratio
Meadowbrook Financial Mortgage Bankers Corp. lent most frequently to those with DTI ratios of 49%, with 134 originations. The next most common DTI ratio? 30-36%, with 127 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.95%
Meadowbrook Financial Mortgage Bankers Corp. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination48.21%
Meadowbrook Financial Mortgage Bankers Corp. 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 |
|---|---|---|---|
| NA | 1,284 | $675,520,000 | $526,106 |