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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: New York, Miami, Bridgeport, Poughkeepsie, and Philadelphia among others. We have data for 59 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.92% | 12/16/24 |
| 30 Year Conventional Refi | 6.57% | 12/16/24 |
| 30 Year Cash-out Refi | 6.92% | 12/16/24 |
| 30 Year FHA Purchase | 7.42% | 12/16/24 |
| 30 Year FHA Refi | 6.90% | 12/16/24 |
| 30 Year VA Purchase | 6.36% | 12/16/24 |
| 15 Year Conventional Purchase | 6.32% | 12/16/24 |
| 15 Year Conventional Refi | 6.43% | 12/16/24 |
| 15 Year Cash-out Refi | 6.43% | 12/16/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,354Origination Dollar Volume (All Markets)
$640,050,000Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1,112 | $562,550,000 | $505,890 | $16,957 | 5.09% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 32 | $11,830,000 | $369,688 | $11,694 | 5.44% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 27 | $10,225,000 | $378,704 | $13,379 | 6.07% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 25 | $7,675,000 | $307,000 | $12,660 | 5.06% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 12 | $4,050,000 | $337,500 | $14,398 | 5.66% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 15 | $3,835,000 | $255,667 | $11,141 | 5.97% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 11 | $3,305,000 | $300,455 | $13,809 | 5.92% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 8 | $2,600,000 | $325,000 | $14,233 | 6.77% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $2,425,000 | $346,429 | $12,702 | 5.25% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 7 | $2,165,000 | $309,286 | $14,561 | 5.14% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 7 | $2,075,000 | $296,429 | $13,368 | 6.50% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $1,970,000 | $328,333 | $10,413 | 5.40% |
| Outside of Metro Areas | 8 | $1,750,000 | $218,750 | $11,192 | 5.16% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $1,450,000 | $725,000 | $22,416 | 4.31% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 4 | $1,440,000 | $360,000 | $14,226 | 5.91% |
| OCALA, FL (FHA|USDA|VA) | 5 | $1,345,000 | $269,000 | $9,075 | 4.80% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 3 | $1,285,000 | $428,333 | $9,336 | 4.25% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 6 | $1,190,000 | $198,333 | $8,985 | 5.60% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $11,994 | 5.88% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $865,000 | $865,000 | $27,173 | 8.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $5,472 | 4.81% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $25,091 | 5.31% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $17,785 | 6.63% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $7,733 | 6.63% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $11,000 | 5.88% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $11,694 | 6.06% |
| Torrington, CT (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $18,362 | 5.50% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $7,193 | 3.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $12,841 | 4.56% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $31,051 | 5.75% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $9,843 | 6.13% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $5,846 | 5.63% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $10,155 | 5.63% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $8,621 | 6.50% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $17,441 | 4.50% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $8,206 | 5.50% |
| DOVER, DE (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $14,584 | 6.38% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $7,802 | 5.88% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $7,339 | 6.38% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $8,103 | 6.13% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $18,678 | 6.25% |
| Oneonta, NY (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,067 | 6.63% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,608 | 6.13% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $16,805 | 5.25% |
| READING, PA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $9,067 | 6.56% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $11,724 | 6.25% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,912 | 6.63% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,031 | 5.63% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $14,070 | 6.13% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $14,921 | 4.25% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $12,689 | 5.75% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,991 | 6.00% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,808 | 3.88% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,678 | 6.50% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $10,946 | 7.13% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,205 | 7.63% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,350 | 6.63% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,971 | 9.88% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,229 | 6.63% |
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Product Mix
For 2022, Meadowbrook Financial Mortgage Bankers Corp.'s most frequently originated type of loan was Conventional, with 995 originations. Their 2nd most popular type was FHA, with 328 originations.
Loan Reason
For 2022, Meadowbrook Financial Mortgage Bankers Corp.'s most frequently cited loan purpose was Home Purchase, with 1,048 originations. The 2nd most popular reason was Cash Out Refi, with 237 originations.
Loan Duration/Length
For 2022, Meadowbrook Financial Mortgage Bankers Corp.'s most frequently cited loan duration was 30 Year, with 1,310 originations. The 2nd most popular length was 15 Year, with 25 originations.
Origination Fees/Closing Costs
Meadowbrook Financial Mortgage Bankers Corp.'s average total fees were $16,345, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,061 originations.
Interest Rates
During 2022, Meadowbrook Financial Mortgage Bankers Corp.'s average interest rate for loans was 5.24%, while their most frequently originated rate bucket for loans was 5-6%, with 401 originations.
Loan Sizing
2022 saw Meadowbrook Financial Mortgage Bankers Corp. place emphasis on $400k-600k loans with 593 originations, totaling $294,425,000 in origination value.
Applicant Income
Meadowbrook Financial Mortgage Bankers Corp. lent most frequently to those with incomes in the $100k-150k range, with 531 originations. The second most popular income band? $150k-250k, with 336 originations.
Applicant Debt to Income Ratio
Meadowbrook Financial Mortgage Bankers Corp. lent most frequently to those with DTI ratios of 50-60%, with 164 originations. The next most common DTI ratio? 49%, with 146 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.20%
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 origination21.12%
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 | 1,354 | $640,050,000 | $472,710 |