Meredith Village Savings Bank Mortgage Rates, Fees & Info

Meredith, NH

LEI: 549300EWO1QALFC6LE98

Tax ID: 02-0166030

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • 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, Portland, and Concord among others. We have data for 9 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 about average 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% 4/14/24
    30 Year Conventional Purchase 6.23% 4/14/24
    30 Year Conventional Refi 5.85% 4/14/24
    30 Year Cash-out Refi 6.35% 4/14/24
    15 Year Conventional Purchase 6.00% 4/14/24
    15 Year Conventional Refi 6.02% 4/14/24
    15 Year Cash-out Refi 6.02% 4/14/24
    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

    445

    Origination Dollar Volume (All Markets)

    $113,675,000

    Employee count

    185 Show all (5) awards

    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) 171 $41,115,000 $240,439 $2,775 4.77%
    Outside of Metro Areas 122 $37,160,000 $304,590 $2,927 4.53%
    Lebanon, NH-VT (FHA|USDA|VA) 82 $15,390,000 $187,683 $2,768 4.75%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 30 $11,080,000 $369,333 $3,409 4.77%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 10 $2,950,000 $295,000 $2,389 4.59%
    Concord, NH (FHA|USDA|VA) 15 $2,905,000 $193,667 $2,171 4.99%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 8 $1,760,000 $220,000 $2,047 4.91%
    Keene, NH (FHA|USDA|VA) 2 $720,000 $360,000 $2,595 4.75%
    Berlin, NH (FHA|USDA|VA) 5 $595,000 $119,000 $2,680 4.55%
    Meredith Village Savings Bank's top markets include Laconia, Lebanon, Boston, Portland, and Concord among others.

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

    Merrimack County Savings Bank
    Similarity Rank: 72
    Northfield Savings Bank
    Similarity Rank: 95
    MERRIMACK VALLEY
    Similarity Rank: 110
    Middlesex Federal Savings, F.A.
    Similarity Rank: 111
    Triangle Credit Union
    Similarity Rank: 147
    First Ipswich Bank
    Similarity Rank: 164
    Middlesex Savings Bank
    Similarity Rank: 165
    VERMONT STATE EMPLOYEES
    Similarity Rank: 171
    Coastal Heritage Bank
    Similarity Rank: 180
    NEW HAMPSHIRE
    Similarity Rank: 196

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 445 $113,675,000 $255,449 $2,811 4.70%

    For 2018, Meredith Village Savings Bank's most frequently originated type of loan was Conventional, with 445 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 281 $78,565,000 $279,591 $3,442 4.67%
    Cash Out Refi 71 $18,965,000 $267,113 $2,622 4.44%
    Refi 45 $9,545,000 $212,111 $1,171 4.92%
    Other 26 $4,930,000 $189,615 $1,093 5.00%
    Home Improvement 22 $1,670,000 $75,909 $692 5.15%

    For 2018, Meredith Village Savings Bank's most frequently cited loan purpose was Home Purchase, with 281 originations. The 2nd most popular reason was Cash Out Refi, with 71 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 263 $73,235,000 $278,460 $2,787 4.50%
    20 Year 57 $11,005,000 $193,070 $956 5.51%
    30+ year 49 $18,345,000 $374,388 $6,233 4.53%
    15 Year 46 $7,860,000 $170,870 $1,842 4.75%
    10 Year 17 $685,000 $40,294 $127 4.99%
    Other 9 $2,375,000 $263,889 $4,085 5.88%
    5 Year 4 $170,000 $42,500 $0 4.37%

    For 2018, Meredith Village Savings Bank's most frequently cited loan duration was 30 Year, with 263 originations. The 2nd most popular length was 20 Year, with 57 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 346 $83,470,000 $241,243
    $2k-3k 14 $3,270,000 $233,571
    $5k+ 12 $8,140,000 $678,333
    $1k-2k 11 $2,065,000 $187,727
    $3k-4k 11 $2,995,000 $272,273
    $4k-5k 10 $3,610,000 $361,000

    Meredith Village Savings Bank's average total fees were $2,787, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 346 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 223 $59,255,000 $265,717
    3-4% 106 $32,530,000 $306,887
    5-6% 99 $20,985,000 $211,970
    6-7% 15 $795,000 $53,000
    7-8% 2 $110,000 $55,000

    During 2018, Meredith Village Savings Bank's average interest rate for loans was 4.50%, while their most frequently originated rate bucket for loans was 4-5%, with 223 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 156 $43,160,000 $276,667 $3,309 4.50%
    $100k-200k 129 $19,315,000 $149,729 $2,503 4.67%
    $100,000 or less 86 $4,640,000 $53,953 $910 5.34%
    $400k-600k 48 $23,260,000 $484,583 $3,756 4.46%
    $600k-1MM 21 $15,795,000 $752,143 $5,193 4.38%
    $1MM+ 5 $7,505,000 $1,501,000 $7,847 4.62%

    2018 saw Meredith Village Savings Bank place emphasis on $200k-400k loans with 156 originations, totaling $43,160,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 85 $23,765,000 $279,588 $2,890 4.52%
    $250k+ 79 $36,725,000 $464,873 $3,709 4.45%
    $100k-150k 75 $18,075,000 $241,000 $2,853 4.58%
    $50k-75k 73 $11,115,000 $152,260 $2,339 4.77%
    $75k-100k 69 $12,595,000 $182,536 $2,565 4.76%
    $50k or less 47 $4,645,000 $98,830 $2,115 5.17%

    Meredith Village Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 85 originations. The second most popular income band? $250k+, with 79 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 102 $24,380,000 $239,020 $2,662 4.63%
    30-36% 98 $23,990,000 $244,796 $2,717 4.77%
    <20% 23 $5,425,000 $235,870 $2,556 4.43%
    42% 20 $4,120,000 $206,000 $2,592 4.96%
    37% 20 $4,570,000 $228,500 $2,771 4.65%
    47% 18 $5,420,000 $301,111 $3,052 4.34%
    39% 18 $5,880,000 $326,667 $3,328 4.44%
    41% 17 $2,785,000 $163,824 $2,878 4.84%
    36% 17 $5,325,000 $313,235 $3,372 4.58%
    40% 16 $3,130,000 $195,625 $2,588 4.52%
    38% 15 $3,595,000 $239,667 $1,735 5.03%
    44% 15 $4,415,000 $294,333 $3,806 4.66%
    45% 11 $2,945,000 $267,727 $2,758 4.60%
    43% 11 $3,625,000 $329,545 $3,356 4.45%
    46% 7 $1,645,000 $235,000 $2,797 4.64%
    48% 6 $1,560,000 $260,000 $3,744 4.58%
    49% 5 $1,695,000 $339,000 $3,153 4.78%
    50-60% 4 $890,000 $222,500 $3,250 4.22%

    Meredith Village Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 102 originations. The next most common DTI ratio? 30-36%, with 98 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 376 $95,110,000 $252,952 $2,854 4.69%
    Not provided 50 $11,390,000 $227,800 $2,488 4.59%
    Not applicable 17 $6,755,000 $397,353 $0 5.50%
    American Indian 1 $305,000 $305,000 $2,814 3.38%
    Black 1 $115,000 $115,000 $2,501 3.99%

    Approval Rates

    Total approvals of all applications
    88.08%

    Meredith Village Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.55%

    Meredith Village Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1072.0 2 $120,000 $60,000
    1132.0 1 $65,000 $65,000
    1142.0 1 $45,000 $45,000
    1385.0 1 $55,000 $55,000
    1854.1 1 $45,000 $45,000
    832.0 1 $25,000 $25,000
    NA 438 $113,320,000 $258,721

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 12 $5,860,000 $488,333
    Single Family (1-4 Units):Manufactured 17 $1,525,000 $89,706
    Single Family (1-4 Units):Site-Built 416 $106,290,000 $255,505

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 46 $6,440,000 $140,000 $1,805 4.78%
    40-60% 64 $15,990,000 $249,844 $2,786 4.46%
    60-80% 167 $54,625,000 $327,096 $3,437 4.64%
    80-100% 132 $34,230,000 $259,318 $3,165 4.69%
    Under 20% 36 $2,390,000 $66,389 $155 5.33%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Meredith Village Savings Bank 131 Main Street Plymouth, NH 3264 Full Service B&M $34,061
    Meredith Village Savings Bank 1383 Lakeshore Road Gilford, NH 3246 Full Service B&M $41,087
    Meredith Village Savings Bank 24 State Route 25 Meredith, NH 3253 Full Service B&M $204,992
    Meredith Village Savings Bank 28 State Route 25 Moultonborough, NH 3254 Full Service B&M $104,314
    Meredith Village Savings Bank 2839 Lafayette Road Portsmouth, NH 3801 Full Service B&M $6,246
    Meredith Village Savings Bank 379 South Main Street Laconia, NH 3246 Full Service B&M $43,602
    Meredith Village Savings Bank 389 Tenney Mountain Highway Plymouth, NH 3264 Full Service Retail $18,055
    Meredith Village Savings Bank 448 Governor John Wentworth Highway Melvin Village, NH 3850 Full Service B&M $9,924
    Meredith Village Savings Bank 5 Riverside Drive Ashland, NH 3217 Full Service B&M $47,969
    Meredith Village Savings Bank 66 North Main Street Wolfeboro, NH 3894 Full Service B&M $85,866
    Meredith Village Savings Bank 71 State Route 104 Meredith, NH 3253 Full Service B&M $29,925
    Meredith Village Savings Bank 82 Wolfeboro Highway Alton, NH 3809 Full Service B&M $29,538
    Meredith Village Savings Bank 991 State Route 25 Moultonborough, NH 3254 Full Service B&M $62,720

    For 2018, Meredith Village Savings Bank had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $38,356
    Net interest income $32,766
    Total noninterest income $4,652
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,423
    Trading account gains and fees $0
    Additional Noninterest Income $3,229
    Pre-tax net operating income $10,402
    Securities gains (or losses, -) $0
    Income before extraordinary items $8,060
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,060
    Minority interest net income $0
    Net income $8,060
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,060

    Meredith Village Savings Bank's gross interest income from loans was $38,356,000.
    Meredith Village Savings Bank's net interest income from loans was $32,766,000.
    Meredith Village Savings Bank's fee based income from loans was $1,423,000.
    Meredith Village Savings Bank's net income from loans was $8,060,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,590
    Provision for credit losses $693
    Total noninterest expense $26,323
    Salaries and employee benefits $15,731
    Premises and equipment expense $3,894
    Additional noninterest expense $6,698
    Applicable income taxes $2,342
    Net charge-offs $79
    Cash dividends $22

    Meredith Village Savings Bank's interest expense for loans was $5,590,000.
    Meredith Village Savings Bank's payroll and benefits expense were $15,731,000.
    Meredith Village Savings Bank's property, plant and equipment expenses $3,894,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $723,882
    Deposits held in domestic offices $723,882
    Deposits by Individuals, partnerships, and corporations $629,372
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $82,564
    Deposits by Commercial banks and other depository institutions in U.S. $11,946
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $62,833
    Demand deposits $39,434
    Nontransaction accounts $661,049
    Money market deposit accounts (MMDAs) $97,527
    Other savings deposits (excluding MMDAs) $377,054
    Total time deposits $186,468
    Total time and savings deposits $684,448
    Noninterest-bearing deposits $39,434
    Interest-bearing deposits $684,448
    Retail deposits $650,201
    IRAs and Keogh plan accounts $31,320
    Brokered deposits $23,538
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $975,332
    Cash & Balances due from depository institutions $26,504
    Interest-bearing balances $17,451
    Total securities $68,426
    Federal funds sold & reverse repurchase $332
    Net loans and leases $829,133
    Loan and leases loss allowance $6,438
    Trading account assets $0
    Bank premises and fixed assets $21,156
    Other real estate owned $180
    Goodwill and other intangibles $266
    All other assets $29,335

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $975,332
    Total Liabilities $871,299
    Total deposits $723,882
    Interest-bearing deposits $684,448
    Deposits held in domestic offices $723,882
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $25,645
    Trading liabilities $0
    Other borrowed funds $114,959
    Subordinated debt $0
    All other liabilities $6,813

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $829,133
    Loan and leases loss allowance $6,438
    Total loans and leases (domestic) $835,571
    All real estate loans $721,691
    Real estate loans in domestic offices $721,691
    Construction and development loans $43,298
    Residential 1-4 family construction $10,497
    Other construction, all land development and other land $32,801
    Loans secured by nonfarm nonresidential properties $164,255
    Nonfarm nonresidential secured by owner-occupied properties $82,180
    Commercial real estate & other non-farm, non-residential $82,075
    Multifamily residential real estate $22,884
    1-4 family residential loans $490,568
    Farmland loans $686
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $39,987
    To non-U.S. addressees $0
    Loans to individuals $58,228
    Credit card loans $0
    Related Plans $57
    Consumer Auto Loans $1,403
    Other loans to individuals $56,768
    All other loans & leases $15,665
    Loans to foreign governments and official institutions $0
    Other loans $10,847
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $4,567
    Non 1-4 family restructured loans & leases $4,035
    Total loans and leases (foreign) $0

    Meredith Village Savings Bank had $829,133,000 of loans outstanding in 2018. $721,691,000 of loans were in real estate loans. $43,298,000 of loans were in development loans. $22,884,000 of loans were in multifamily mortgage loans. $490,568,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $1,403,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 360 $77,966 $216,572
    Nonfarm, nonresidential loans - <$100k 64 $2,453 $38,328
    Nonfarm, nonresidential loans - $100-250k 137 $15,550 $113,504
    Nonfarm, nonresidential loans - $250k-1MM 159 $59,963 $377,126
    Commercial & Industrial, US addressed loans - <$1MM 545 $26,855 $49,275
    Commercial & Industrial, US addressed loans - <$100k 407 $8,200 $20,147
    Commercial & Industrial, US addressed loans - $100-250k 83 $6,579 $79,265
    Commercial & Industrial, US addressed loans - $250k-1MM 55 $12,076 $219,564
    Farmland loans - <$1MM 2 $686 $343,000
    Farmland loans - $250k-1MM 2 $686 $343,000