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 and Cash Out Refi 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 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Meredith Village Savings Bank 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. 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% 4/21/24
    30 Year Conventional Purchase 6.23% 4/21/24
    30 Year Conventional Refi 5.85% 4/21/24
    30 Year Cash-out Refi 6.35% 4/21/24
    15 Year Conventional Purchase 6.00% 4/21/24
    15 Year Conventional Refi 6.02% 4/21/24
    15 Year Cash-out Refi 6.02% 4/21/24
    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

    535

    Origination Dollar Volume (All Markets)

    $127,505,000

    Employee count

    202

    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 Meredith Village Savings Bank 30 Year Conventional Loans bronze
    Show all (4) 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) 201 $49,685,000 $247,189 $2,664 4.26%
    Outside of Metro Areas 154 $41,860,000 $271,818 $3,036 4.19%
    Lebanon, NH-VT (FHA|USDA|VA) 112 $19,430,000 $173,482 $2,653 4.40%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 41 $11,315,000 $275,976 $2,169 4.85%
    Concord, NH (FHA|USDA|VA) 12 $1,900,000 $158,333 $2,741 4.14%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 6 $1,690,000 $281,667 $2,387 4.13%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 5 $1,105,000 $221,000 $3,001 4.83%
    Berlin, NH (FHA|USDA|VA) 4 $520,000 $130,000 $3,155 4.19%
    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)
  • 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.

    Northfield Savings Bank
    Similarity Rank: 115
    Piscataqua Savings Bank
    Similarity Rank: 118
    First Ipswich Bank
    Similarity Rank: 139
    NEW ENGLAND FEDERAL CREDIT UNION
    Similarity Rank: 176
    VERMONT STATE EMPLOYEES
    Similarity Rank: 250
    NEW HAMPSHIRE
    Similarity Rank: 280
    Middlesex Savings Bank
    Similarity Rank: 310
    St. Anne's Credit Union of Fall River, Mass.
    Similarity Rank: 417
    QUINCY CREDIT UNION
    Similarity Rank: 435
    Union Bank
    Similarity Rank: 455

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 535 $127,505,000 $238,327 $2,750 4.31%

    For 2019, Meredith Village Savings Bank's most frequently originated type of loan was Conventional, with 535 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 312 $84,020,000 $269,295 $3,337 4.29%
    Cash Out Refi 103 $26,045,000 $252,864 $2,658 4.01%
    Refi 50 $9,930,000 $198,600 $1,883 4.38%
    Other 38 $4,980,000 $131,053 $1,143 4.83%
    Home Improvement 32 $2,530,000 $79,063 $503 4.82%

    For 2019, Meredith Village Savings Bank's most frequently cited loan purpose was Home Purchase, with 312 originations. The 2nd most popular reason was Cash Out Refi, with 103 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 300 $82,100,000 $273,667 $2,786 4.13%
    15 Year 87 $14,555,000 $167,299 $2,210 4.09%
    20 Year 51 $7,145,000 $140,098 $1,232 5.06%
    30+ year 47 $17,745,000 $377,553 $6,520 4.24%
    10 Year 28 $1,870,000 $66,786 $401 4.88%
    Other 13 $3,845,000 $295,769 $2,658 6.15%
    5 Year 9 $245,000 $27,222 $0 4.32%

    For 2019, Meredith Village Savings Bank's most frequently cited loan duration was 30 Year, with 300 originations. The 2nd most popular length was 15 Year, with 87 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 440 $99,220,000 $225,500
    $1k-2k 19 $3,255,000 $171,316
    $3k-4k 14 $3,700,000 $264,286
    $5k+ 13 $9,145,000 $703,462
    $2k-3k 9 $1,635,000 $181,667
    $4k-5k 5 $2,425,000 $485,000

    Meredith Village Savings Bank's average total fees were $2,786, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 440 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 276 $78,700,000 $285,145
    4-5% 172 $36,550,000 $212,500
    5-6% 68 $10,400,000 $152,941
    6-7% 12 $650,000 $54,167
    2.5-3% 5 $1,005,000 $201,000
    7-8% 2 $200,000 $100,000

    During 2019, Meredith Village Savings Bank's average interest rate for loans was 4.13%, while their most frequently originated rate bucket for loans was 3-4%, with 276 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 186 $51,490,000 $276,828 $3,134 4.03%
    $100k-200k 165 $24,835,000 $150,515 $2,546 4.24%
    $100,000 or less 117 $6,525,000 $55,769 $1,162 5.02%
    $400k-600k 45 $21,165,000 $470,333 $4,326 4.01%
    $600k-1MM 12 $9,080,000 $756,667 $5,041 4.11%
    $1MM+ 10 $14,410,000 $1,441,000 $7,445 4.12%

    2019 saw Meredith Village Savings Bank place emphasis on $200k-400k loans with 186 originations, totaling $51,490,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 123 $29,085,000 $236,463 $2,978 4.15%
    $150k-250k 98 $25,870,000 $263,980 $3,002 4.26%
    $50k-75k 89 $13,805,000 $155,112 $2,387 4.47%
    $75k-100k 79 $14,025,000 $177,532 $2,286 4.27%
    $250k+ 72 $31,690,000 $440,139 $3,441 4.15%
    $50k or less 58 $7,840,000 $135,172 $2,212 4.57%

    Meredith Village Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 123 originations. The second most popular income band? $150k-250k, with 98 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 120 $24,420,000 $203,500 $2,445 4.27%
    30-36% 103 $24,115,000 $234,126 $2,661 4.22%
    <20% 35 $6,565,000 $187,571 $2,691 4.14%
    42% 33 $6,675,000 $202,273 $2,568 4.45%
    43% 23 $8,195,000 $356,304 $2,851 4.11%
    44% 21 $8,365,000 $398,333 $3,639 4.23%
    41% 21 $5,825,000 $277,381 $3,537 4.53%
    40% 20 $4,600,000 $230,000 $3,059 4.49%
    45% 19 $5,155,000 $271,316 $3,705 4.00%
    38% 19 $3,405,000 $179,211 $2,581 4.36%
    39% 19 $3,465,000 $182,368 $1,978 4.60%
    46% 18 $4,670,000 $259,444 $3,541 4.29%
    36% 16 $3,380,000 $211,250 $2,105 4.48%
    48% 16 $5,760,000 $360,000 $3,245 3.93%
    37% 14 $2,610,000 $186,429 $2,374 4.70%
    47% 11 $2,455,000 $223,182 $3,201 4.08%
    49% 9 $1,825,000 $202,778 $2,712 3.96%
    50-60% 1 $475,000 $475,000 $3,120 4.25%
    >60% 1 $95,000 $95,000 $2,372 6.00%

    Meredith Village Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 120 originations. The next most common DTI ratio? 30-36%, with 103 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 451 $104,495,000 $231,696 $2,732 4.31%
    Not provided 68 $17,630,000 $259,265 $2,875 4.14%
    Not applicable 13 $4,835,000 $371,923 $0 5.33%
    American Indian 2 $340,000 $170,000 $2,591 4.00%
    Black 1 $205,000 $205,000 $2,589 4.00%

    Approval Rates

    Total approvals of all applications
    90.13%

    Meredith Village Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.33%

    Meredith Village Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1150.0 4 $250,000 $62,500
    1170.0 1 $135,000 $135,000
    1210.0 1 $145,000 $145,000
    NA 529 $126,975,000 $240,028

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $1,795,000 $598,333
    Single Family (1-4 Units):Manufactured 19 $1,665,000 $87,632
    Single Family (1-4 Units):Site-Built 513 $124,045,000 $241,803

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 52 $7,010,000 $134,808 $1,519 4.63%
    40-60% 73 $16,705,000 $228,836 $3,008 4.13%
    60-80% 202 $49,970,000 $247,376 $3,163 4.30%
    80-100% 161 $51,455,000 $319,596 $3,221 4.11%
    Under 20% 47 $2,365,000 $50,319 $366 5.04%

    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 $31,594
    Meredith Village Savings Bank 1383 Lakeshore Road Gilford, NH 3246 Full Service B&M $41,468
    Meredith Village Savings Bank 24 State Route 25 Meredith, NH 3253 Full Service B&M $223,472
    Meredith Village Savings Bank 28 State Route 25 Moultonborough, NH 3254 Full Service B&M $102,369
    Meredith Village Savings Bank 2839 Lafayette Road Portsmouth, NH 3801 Full Service B&M $16,594
    Meredith Village Savings Bank 379 South Main Street Laconia, NH 3246 Full Service B&M $44,677
    Meredith Village Savings Bank 389 Tenney Mountain Highway Plymouth, NH 3264 Full Service Retail $18,641
    Meredith Village Savings Bank 448 Governor John Wentworth Highway, Route 109 Melvin Village, NH 3850 Full Service B&M $7,066
    Meredith Village Savings Bank 5 Riverside Drive Ashland, NH 3217 Full Service B&M $53,366
    Meredith Village Savings Bank 66 North Main Street Wolfeboro, NH 3894 Full Service B&M $88,710
    Meredith Village Savings Bank 71 State Route 104 Meredith, NH 3253 Full Service B&M $30,951
    Meredith Village Savings Bank 82 Wolfeboro Highway Alton, NH 3809 Full Service B&M $29,038
    Meredith Village Savings Bank 991 State Route 25 Moultonborough, NH 3254 Full Service B&M $63,494

    For 2019, Meredith Village Savings Bank had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $41,825
    Net interest income $33,730
    Total noninterest income $4,915
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,365
    Trading account gains and fees $0
    Additional Noninterest Income $3,550
    Pre-tax net operating income $10,190
    Securities gains (or losses, -) $41
    Income before extraordinary items $7,916
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,916
    Minority interest net income $0
    Net income $7,916
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,883

    Meredith Village Savings Bank's gross interest income from loans was $41,825,000.
    Meredith Village Savings Bank's net interest income from loans was $33,730,000.
    Meredith Village Savings Bank's fee based income from loans was $1,365,000.
    Meredith Village Savings Bank's net income from loans was $7,916,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $8,095
    Provision for credit losses $397
    Total noninterest expense $28,058
    Salaries and employee benefits $16,979
    Premises and equipment expense $4,089
    Additional noninterest expense $6,990
    Applicable income taxes $2,315
    Net charge-offs $210
    Cash dividends $1,149

    Meredith Village Savings Bank's interest expense for loans was $8,095,000.
    Meredith Village Savings Bank's payroll and benefits expense were $16,979,000.
    Meredith Village Savings Bank's property, plant and equipment expenses $4,089,000.

    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 1.0%
    Nonfarm, nonresidential loans 1.0%
    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 $747,362
    Deposits held in domestic offices $747,362
    Deposits by Individuals, partnerships, and corporations $657,337
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $80,592
    Deposits by Commercial banks and other depository institutions in U.S. $9,433
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $76,480
    Demand deposits $48,103
    Nontransaction accounts $670,882
    Money market deposit accounts (MMDAs) $118,952
    Other savings deposits (excluding MMDAs) $389,053
    Total time deposits $162,877
    Total time and savings deposits $699,259
    Noninterest-bearing deposits $48,103
    Interest-bearing deposits $699,259
    Retail deposits $695,451
    IRAs and Keogh plan accounts $30,037
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $985,274
    Cash & Balances due from depository institutions $11,508
    Interest-bearing balances $2,401
    Total securities $55,425
    Federal funds sold & reverse repurchase $291
    Net loans and leases $870,422
    Loan and leases loss allowance $6,625
    Trading account assets $0
    Bank premises and fixed assets $20,658
    Other real estate owned $90
    Goodwill and other intangibles $338
    All other assets $26,542

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $985,274
    Total Liabilities $873,241
    Total deposits $747,362
    Interest-bearing deposits $699,259
    Deposits held in domestic offices $747,362
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $30,600
    Trading liabilities $0
    Other borrowed funds $88,279
    Subordinated debt $0
    All other liabilities $7,000

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $870,422
    Loan and leases loss allowance $6,625
    Total loans and leases (domestic) $877,047
    All real estate loans $742,673
    Real estate loans in domestic offices $742,673
    Construction and development loans $31,002
    Residential 1-4 family construction $8,971
    Other construction, all land development and other land $22,031
    Loans secured by nonfarm nonresidential properties $165,427
    Nonfarm nonresidential secured by owner-occupied properties $93,233
    Commercial real estate & other non-farm, non-residential $72,194
    Multifamily residential real estate $25,250
    1-4 family residential loans $520,341
    Farmland loans $653
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $48,533
    To non-U.S. addressees $0
    Loans to individuals $68,267
    Credit card loans $0
    Related Plans $57
    Consumer Auto Loans $1,084
    Other loans to individuals $67,126
    All other loans & leases $17,574
    Loans to foreign governments and official institutions $0
    Other loans $14,352
    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 $4,185
    Non 1-4 family restructured loans & leases $3,507
    Total loans and leases (foreign) $0

    Meredith Village Savings Bank had $870,422,000 of loans outstanding in 2019. $742,673,000 of loans were in real estate loans. $31,002,000 of loans were in development loans. $25,250,000 of loans were in multifamily mortgage loans. $520,341,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $1,084,000 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 367 $82,040 $223,542
    Nonfarm, nonresidential loans - <$100k 60 $2,483 $41,383
    Nonfarm, nonresidential loans - $100-250k 137 $15,162 $110,672
    Nonfarm, nonresidential loans - $250k-1MM 170 $64,395 $378,794
    Commercial & Industrial, US addressed loans - <$1MM 547 $30,896 $56,483
    Commercial & Industrial, US addressed loans - <$100k 410 $8,576 $20,917
    Commercial & Industrial, US addressed loans - $100-250k 80 $6,881 $86,013
    Commercial & Industrial, US addressed loans - $250k-1MM 57 $15,439 $270,860
    Farmland loans - <$1MM 2 $653 $326,500
    Farmland loans - $250k-1MM 2 $653 $326,500