Meredith Village Savings Bank Mortgage Rates, Fees & Info

Meredith, NH

LEI: 549300EWO1QALFC6LE98

Tax ID: 02-0166030

5 stars - Updated: 12/8/24 - out of 5 stars, based on 26 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Meredith Village Savings Bank is a smaller bank specializing in Home Purchase loans. Meredith Village Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Laconia, Lebanon, Boston, Concord, and Manchester among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

Meredith Village Savings Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Meredith Village Savings Bank is typically a low 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
Home Equity Line of Credit (HELOC) 6.14% 12/8/24
30 Year Conventional Purchase 6.23% 12/8/24
30 Year Conventional Refi 5.85% 12/8/24
30 Year Cash-out Refi 6.35% 12/8/24
15 Year Conventional Purchase 6.00% 12/8/24
15 Year Conventional Refi 6.02% 12/8/24
15 Year Cash-out Refi 6.02% 12/8/24
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.

Meredith Village Savings Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Meredith Village Savings Bank. 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

656

Origination Dollar Volume (All Markets)

$195,900,000

Awards

Meredith Village Savings Bank 30 Year Conventional Loans gold Meredith Village Savings Bank 30 Year Conventional Loans gold Meredith Village Savings Bank 30 Year Conventional Loans gold
Show all (3) awards

Relative Rate

Meredith Village Savings Bank's average 30 year fixed mortgage rate was 7.44%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.96%.

Relative Fees (Closing Costs)

Meredith Village Savings Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,011.

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
Laconia, NH (FHA|USDA|VA) 235 $75,155,000 $319,809 $4,098 7.37%
Outside of Metro Areas 196 $55,980,000 $285,612 $4,476 7.28%
Lebanon, NH-VT (FHA|USDA|VA) 103 $29,495,000 $286,359 $4,587 7.28%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 70 $22,990,000 $328,429 $4,289 7.49%
Concord, NH (FHA|USDA|VA) 23 $4,635,000 $201,522 $3,804 7.35%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 10 $3,370,000 $337,000 $3,220 7.47%
Berlin, NH (FHA|USDA|VA) 10 $2,110,000 $211,000 $4,711 7.36%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 7 $1,675,000 $239,286 $2,402 7.45%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $435,000 $435,000 $3,325 7.38%
Keene, NH (FHA|USDA|VA) 1 $55,000 $55,000 $0 8.50%
Meredith Village Savings Bank's top markets include Laconia, Lebanon, Boston, Concord, and Manchester among others.

Their top states include:
  • New Hampshire (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)
  • Vermont (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Meredith Village Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    RTN FEDERAL CREDIT UNION
    Similarity Rank: 40
    GREYLOCK
    Similarity Rank: 160
    Piscataqua Savings Bank
    Similarity Rank: 177
    Northway Bank
    Similarity Rank: 189
    Cape Cod Co-operative Bank
    Similarity Rank: 195
    St. Mary's Credit Union
    Similarity Rank: 220
    ROCKLAND
    Similarity Rank: 276
    RIVER WORKS
    Similarity Rank: 284

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 442 $151,370,000 $342,466 $4,267 7.33%
    HELOC 214 $44,530,000 $208,084 n/a 7.39%

    For 2023, Meredith Village Savings Bank's most frequently originated type of loan was Conventional, with 442 originations. Their 2nd most popular type was HELOC, with 214 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 330 $135,920,000 $411,879 $5,737 7.39%
    Home Improvement 160 $26,460,000 $165,375 $484 7.34%
    Other 87 $15,555,000 $178,793 $529 7.43%
    Cash Out Refi 70 $14,800,000 $211,429 $1,624 7.23%
    Refi 9 $3,165,000 $351,667 $3,777 6.22%

    For 2023, Meredith Village Savings Bank's most frequently cited loan purpose was Home Purchase, with 330 originations. The 2nd most popular reason was Home Improvement, with 160 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 397 $116,815,000 $294,244 $4,011 7.44%
    30+ year 69 $46,385,000 $672,246 $10,344 7.33%
    15 Year 68 $11,640,000 $171,176 $2,012 6.38%
    20 Year 55 $6,615,000 $120,273 $143 7.37%
    Other 43 $12,275,000 $285,465 $6,082 8.22%
    10 Year 20 $2,000,000 $100,000 $339 7.11%
    5 Year 4 $170,000 $42,500 $0 6.19%

    For 2023, Meredith Village Savings Bank's most frequently cited loan duration was 30 Year, with 397 originations. The 2nd most popular length was 30+ year, with 69 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 221 $54,205,000 $245,271
    $5k+ 52 $44,250,000 $850,962
    $1k-2k 48 $13,690,000 $285,208
    $2k-3k 23 $5,825,000 $253,261
    $3k-4k 22 $7,790,000 $354,091
    $4k-5k 15 $5,895,000 $393,000

    Meredith Village Savings Bank's average total fees were $4,011, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 221 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 215 $75,925,000 $353,140
    6-7% 205 $65,605,000 $320,024
    Over 8% 174 $41,350,000 $237,644
    5-6% 59 $11,165,000 $189,237
    4-5% 3 $1,855,000 $618,333

    During 2023, Meredith Village Savings Bank's average interest rate for loans was 7.44%, while their most frequently originated rate bucket for loans was 7-8%, with 215 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 208 $59,670,000 $286,875 $4,380 7.30%
    $100k-200k 162 $22,300,000 $137,654 $2,035 7.34%
    $100,000 or less 156 $8,750,000 $56,090 $636 7.51%
    $400k-600k 72 $34,050,000 $472,917 $6,898 7.27%
    $600k-1MM 31 $23,125,000 $745,968 $7,545 7.25%
    $1MM+ 27 $48,005,000 $1,777,963 $15,467 7.13%

    2023 saw Meredith Village Savings Bank place emphasis on $200k-400k loans with 208 originations, totaling $59,670,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 143 $33,705,000 $235,699 $3,839 7.30%
    $150k-250k 136 $35,210,000 $258,897 $4,080 7.24%
    $250k+ 132 $82,950,000 $628,409 $7,540 7.50%
    $75k-100k 92 $18,810,000 $204,457 $3,640 7.30%
    $50k-75k 87 $11,625,000 $133,621 $2,518 7.41%
    $50k or less 45 $4,385,000 $97,444 $1,962 7.35%

    Meredith Village Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 143 originations. The second most popular income band? $150k-250k, with 136 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 113 $31,265,000 $276,681 $3,951 7.19%
    30-36% 101 $27,745,000 $274,703 $4,335 7.48%
    46% 65 $16,455,000 $253,154 $3,271 7.42%
    45% 50 $15,160,000 $303,200 $4,642 7.46%
    44% 36 $11,890,000 $330,278 $5,395 7.26%
    <20% 32 $14,450,000 $451,563 $4,630 7.21%
    42% 30 $6,420,000 $214,000 $3,833 7.33%
    39% 28 $6,220,000 $222,143 $2,852 7.19%
    40% 27 $5,945,000 $220,185 $2,401 7.35%
    37% 27 $7,615,000 $282,037 $4,180 7.47%
    38% 25 $7,595,000 $303,800 $4,563 7.28%
    41% 23 $10,075,000 $438,043 $3,985 7.32%
    43% 21 $5,685,000 $270,714 $5,114 7.77%
    47% 19 $9,035,000 $475,526 $6,880 7.40%
    36% 18 $2,550,000 $141,667 $2,963 7.33%
    48% 16 $6,350,000 $396,875 $5,491 7.44%
    49% 12 $4,360,000 $363,333 $5,603 7.42%
    50-60% 2 $280,000 $140,000 $2,657 5.44%

    Meredith Village Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 113 originations. The next most common DTI ratio? 30-36%, with 101 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 582 $166,780,000 $286,564 $4,223 7.36%
    Not provided 56 $21,250,000 $379,464 $4,670 7.37%
    Not applicable 10 $5,930,000 $593,000 $0 6.99%
    Asian 7 $1,655,000 $236,429 $5,055 6.86%
    American Indian 1 $285,000 $285,000 $3,169 8.00%

    Approval Rates

    Total approvals of all applications
    85.77%

    Meredith Village Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.22%

    Meredith Village Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1425.0 1 $165,000 $165,000
    1465.0 1 $105,000 $105,000
    1480.0 6 $540,000 $90,000
    1485.0 5 $495,000 $99,000
    1550.0 2 $150,000 $75,000
    1650.0 2 $290,000 $145,000
    2028.1 1 $65,000 $65,000
    NA 638 $194,090,000 $304,216

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    656 $195,900,000 $298,628

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 132 $27,730,000 $210,076 $2,176 7.26%
    40-60% 93 $31,145,000 $334,892 $3,903 7.20%
    60-80% 180 $74,600,000 $414,444 $6,346 7.50%
    80-100% 88 $46,930,000 $533,295 $5,778 7.25%
    Under 20% 163 $15,495,000 $95,061 $154 7.39%