Meadowbrook Financial Mortgage Bankers Corp. Rates, Fees & Info
ALBANY, NYLEI: 2549008X67CV1MNM7747
Tax ID: 37-1572886
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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, Bridgeport, Miami, Poughkeepsie, and New Haven among others. We have data for 72 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.92% | 4/23/24 |
| 30 Year Conventional Refi | 6.57% | 4/23/24 |
| 30 Year Cash-out Refi | 6.92% | 4/23/24 |
| 30 Year FHA Purchase | 7.42% | 4/23/24 |
| 30 Year FHA Refi | 6.90% | 4/23/24 |
| 30 Year VA Purchase | 6.36% | 4/23/24 |
| 15 Year Conventional Purchase | 6.32% | 4/23/24 |
| 15 Year Conventional Refi | 6.43% | 4/23/24 |
| 15 Year Cash-out Refi | 6.43% | 4/23/24 |
| 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
1,265Origination Dollar Volume (All Markets)
$616,745,000Relative Rate
Meadowbrook Financial Mortgage Bankers Corp.'s average 30 year fixed mortgage rate was
7.06%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.58%.
Relative Fees (Closing Costs)
Meadowbrook Financial Mortgage Bankers Corp.'s average total fees/closing costs for a 30 year fixed rate
mortgage were $17,796.
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 $9,089.
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) | 951 | $506,725,000 | $532,834 | $18,989 | 7.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 40 | $20,090,000 | $502,250 | $19,231 | 7.05% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 28 | $13,410,000 | $478,929 | $16,368 | 7.22% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 23 | $8,925,000 | $388,043 | $14,974 | 6.99% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 16 | $5,320,000 | $332,500 | $15,412 | 7.32% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 12 | $3,690,000 | $307,500 | $14,435 | 7.01% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 13 | $3,545,000 | $272,692 | $9,918 | 7.45% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 8 | $3,160,000 | $395,000 | $14,798 | 7.25% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 9 | $3,005,000 | $333,889 | $12,134 | 7.06% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 10 | $2,890,000 | $289,000 | $14,597 | 7.18% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 9 | $2,765,000 | $307,222 | $11,375 | 7.24% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $2,605,000 | $868,333 | $21,233 | 7.21% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 8 | $2,520,000 | $315,000 | $12,215 | 7.58% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $2,375,000 | $339,286 | $12,449 | 6.88% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 8 | $1,990,000 | $248,750 | $11,271 | 7.92% |
| Outside of Metro Areas | 7 | $1,915,000 | $273,571 | $13,391 | 7.29% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 6 | $1,790,000 | $298,333 | $15,033 | 7.63% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $1,740,000 | $435,000 | $13,565 | 8.25% |
| Torrington, CT (FHA|USDA|VA) | 3 | $1,575,000 | $525,000 | $19,100 | 7.08% |
| ROCHESTER, NY (FHA|USDA|VA) | 6 | $1,560,000 | $260,000 | $12,148 | 6.85% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 4 | $1,450,000 | $362,500 | $11,651 | 6.31% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 3 | $1,275,000 | $425,000 | $15,608 | 7.67% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $1,230,000 | $615,000 | $20,370 | 6.81% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $1,230,000 | $615,000 | $24,763 | 7.94% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 4 | $1,200,000 | $300,000 | $13,133 | 6.97% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $16,496 | 7.54% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 6 | $1,010,000 | $168,333 | $9,187 | 7.53% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $11,496 | 7.31% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 6 | $960,000 | $160,000 | $8,297 | 7.29% |
| SAVANNAH, GA (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $13,081 | 7.38% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $11,128 | 7.08% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $8,886 | 8.56% |
| KINGSTON, NY (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $13,623 | 6.69% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 4 | $580,000 | $145,000 | $7,868 | 7.53% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $13,954 | 7.81% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $11,875 | 7.50% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $12,984 | 7.63% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $8,829 | 6.88% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $7,364 | 8.25% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $18,310 | 6.25% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $6,464 | 6.75% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $24,267 | 6.13% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $12,566 | 8.13% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $21,955 | 6.63% |
| Corning, NY (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $9,851 | 7.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $16,452 | 5.63% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $11,858 | 10.63% |
| Concord, NH (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $7,683 | 7.13% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $13,081 | 6.50% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $20,475 | 7.25% |
| BINGHAMTON, NY (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $8,451 | 8.88% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $15,013 | 6.63% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $9,213 | 6.63% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $8,670 | 7.63% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $14,130 | 5.75% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $6,623 | 6.50% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,910 | 6.13% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $10,797 | 6.75% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,437 | 6.63% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $14,354 | 7.25% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $5,723 | 7.25% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,808 | 6.88% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,460 | 7.13% |
| OCALA, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $10,154 | 7.50% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,263 | 6.63% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $13,827 | 6.25% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $9,145 | 6.25% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $14,042 | 7.18% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,621 | 7.38% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,274 | 7.13% |
| Batavia, NY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,190 | 6.88% |
| Bradford, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $7,043 | 7.50% |
Similar Lenders
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Product Mix
For 2023, Meadowbrook Financial Mortgage Bankers Corp.'s most frequently originated type of loan was Conventional, with 941 originations. Their 2nd most popular type was FHA, with 307 originations.
Loan Reason
For 2023, Meadowbrook Financial Mortgage Bankers Corp.'s most frequently cited loan purpose was Home Purchase, with 1,105 originations. The 2nd most popular reason was Cash Out Refi, with 134 originations.
Loan Duration/Length
For 2023, Meadowbrook Financial Mortgage Bankers Corp.'s most frequently cited loan duration was 30 Year, with 1,253 originations. The 2nd most popular length was 15 Year, with 7 originations.
Origination Fees/Closing Costs
Meadowbrook Financial Mortgage Bankers Corp.'s average total fees were $17,796, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,079 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 584 | $288,380,000 | $493,801 |
| 7-8% | 427 | $211,555,000 | $495,445 |
| Over 8% | 132 | $59,160,000 | $448,182 |
| 5-6% | 121 | $57,175,000 | $472,521 |
| 4-5% | 1 | $475,000 | $475,000 |
During 2023, Meadowbrook Financial Mortgage Bankers Corp.'s average interest rate for loans was 7.06%, while their most frequently originated rate bucket for loans was 6-7%, with 584 originations.
Loan Sizing
2023 saw Meadowbrook Financial Mortgage Bankers Corp. place emphasis on $400k-600k loans with 473 originations, totaling $234,975,000 in origination value.
Applicant Income
Meadowbrook Financial Mortgage Bankers Corp. lent most frequently to those with incomes in the $100k-150k range, with 412 originations. The second most popular income band? $150k-250k, with 401 originations.
Applicant Debt to Income Ratio
Meadowbrook Financial Mortgage Bankers Corp. lent most frequently to those with DTI ratios of 50-60%, with 185 originations. The next most common DTI ratio? 49%, with 129 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.50%
Meadowbrook Financial Mortgage Bankers Corp. has an average approval rate.
Pick Rate
Approvals leading to origination45.45%
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 | 1,265 | $616,745,000 | $487,545 |