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, Cash Out Refi, and 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 13 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% 11/23/24
    30 Year Conventional Purchase 6.23% 11/23/24
    30 Year Conventional Refi 5.85% 11/23/24
    30 Year Cash-out Refi 6.35% 11/23/24
    15 Year Conventional Purchase 6.00% 11/23/24
    15 Year Conventional Refi 6.02% 11/23/24
    15 Year Cash-out Refi 6.02% 11/23/24
    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.

    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

    911

    Origination Dollar Volume (All Markets)

    $268,145,000

    Employee count

    194 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) 335 $91,795,000 $274,015 $3,006 3.38%
    Outside of Metro Areas 252 $91,330,000 $362,421 $3,423 3.38%
    Lebanon, NH-VT (FHA|USDA|VA) 178 $41,200,000 $231,461 $2,732 3.51%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 92 $29,270,000 $318,152 $3,087 3.69%
    Concord, NH (FHA|USDA|VA) 28 $7,520,000 $268,571 $2,792 3.41%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 8 $2,040,000 $255,000 $2,808 3.50%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 6 $1,760,000 $293,333 $2,958 3.38%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $1,255,000 $1,255,000 $4,432 3.38%
    Berlin, NH (FHA|USDA|VA) 6 $1,170,000 $195,000 $2,977 3.56%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 2 $610,000 $305,000 $2,081 3.06%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $145,000 $145,000 $1,793 3.50%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $25,000 $25,000 $0 8.00%
    BANGOR, ME (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
    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)

    • 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: 160
    LUSO-AMERICAN CREDIT UNION
    Similarity Rank: 258
    Piscataqua Savings Bank
    Similarity Rank: 310
    Union Bank
    Similarity Rank: 429
    COMMUNITY CREDIT UNION OF LYNN
    Similarity Rank: 525
    VERMONT STATE EMPLOYEES
    Similarity Rank: 567
    Bridgewater Savings Bank
    Similarity Rank: 600
    ONE Credit Union
    Similarity Rank: 609
    Triangle Credit Union
    Similarity Rank: 768
    NESC
    Similarity Rank: 772

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 911 $268,145,000 $294,341 $3,064 3.44%

    For 2020, Meredith Village Savings Bank's most frequently originated type of loan was Conventional, with 911 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 400 $121,410,000 $303,525 $3,718 3.64%
    Cash Out Refi 252 $76,870,000 $305,040 $2,690 3.34%
    Refi 222 $60,520,000 $272,613 $2,579 3.12%
    Other 22 $6,310,000 $286,818 $1,864 3.91%
    Home Improvement 15 $3,035,000 $202,333 $1,689 3.95%

    For 2020, Meredith Village Savings Bank's most frequently cited loan purpose was Home Purchase, with 400 originations. The 2nd most popular reason was Cash Out Refi, with 252 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 544 $164,620,000 $302,610 $2,714 3.48%
    15 Year 177 $42,975,000 $242,797 $2,484 2.87%
    30+ year 84 $35,570,000 $423,452 $7,183 3.50%
    20 Year 46 $11,220,000 $243,913 $2,080 3.95%
    Other 35 $8,675,000 $247,857 $3,766 4.91%
    10 Year 22 $4,940,000 $224,545 $1,685 3.53%
    5 Year 3 $145,000 $48,333 $0 3.92%

    For 2020, Meredith Village Savings Bank's most frequently cited loan duration was 30 Year, with 544 originations. The 2nd most popular length was 15 Year, with 177 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 765 $216,745,000 $283,327
    $5k+ 26 $20,550,000 $790,385
    $3k-4k 23 $6,735,000 $292,826
    $4k-5k 20 $7,380,000 $369,000
    $2k-3k 19 $4,535,000 $238,684
    $1k-2k 12 $2,390,000 $199,167

    Meredith Village Savings Bank's average total fees were $2,714, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 765 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 593 $189,795,000 $320,059
    2.5-3% 173 $49,785,000 $287,775
    4-5% 53 $9,605,000 $181,226
    <2.5% 48 $13,070,000 $272,292
    5-6% 36 $5,380,000 $149,444
    6-7% 6 $370,000 $61,667
    7-8% 2 $140,000 $70,000

    During 2020, Meredith Village Savings Bank's average interest rate for loans was 3.48%, while their most frequently originated rate bucket for loans was 3-4%, with 593 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 376 $105,180,000 $279,734 $3,077 3.29%
    $100k-200k 231 $34,615,000 $149,848 $2,470 3.40%
    $400k-600k 124 $59,020,000 $475,968 $3,870 3.28%
    $100,000 or less 121 $8,565,000 $70,785 $1,784 4.18%
    $600k-1MM 35 $25,245,000 $721,286 $5,253 3.40%
    $1MM+ 24 $35,520,000 $1,480,000 $6,959 3.35%

    2020 saw Meredith Village Savings Bank place emphasis on $200k-400k loans with 376 originations, totaling $105,180,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 204 $52,300,000 $256,373 $3,052 3.37%
    $150k-250k 183 $58,995,000 $322,377 $3,182 3.37%
    $250k+ 151 $80,995,000 $536,391 $3,790 3.29%
    $75k-100k 127 $27,015,000 $212,717 $2,999 3.47%
    $50k-75k 123 $23,705,000 $192,724 $2,561 3.53%
    $50k or less 101 $18,465,000 $182,822 $2,432 3.65%

    Meredith Village Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 204 originations. The second most popular income band? $150k-250k, with 183 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 244 $66,250,000 $271,516 $2,867 3.41%
    30-36% 187 $58,565,000 $313,182 $3,059 3.41%
    <20% 77 $25,055,000 $325,390 $3,025 3.16%
    43% 40 $11,970,000 $299,250 $3,205 3.48%
    40% 39 $9,265,000 $237,564 $2,920 3.42%
    38% 37 $11,075,000 $299,324 $3,327 3.38%
    44% 36 $7,480,000 $207,778 $2,341 3.68%
    39% 34 $14,150,000 $416,176 $3,804 3.69%
    41% 30 $8,880,000 $296,000 $3,261 3.60%
    36% 30 $10,930,000 $364,333 $3,524 3.31%
    37% 26 $7,060,000 $271,538 $2,756 3.42%
    42% 24 $7,800,000 $325,000 $4,384 3.52%
    45% 22 $6,110,000 $277,727 $3,707 3.77%
    46% 17 $4,535,000 $266,765 $2,659 3.70%
    49% 16 $4,040,000 $252,500 $2,993 3.32%
    47% 15 $3,545,000 $236,333 $3,086 3.25%
    48% 15 $5,175,000 $345,000 $2,772 3.17%
    50-60% 7 $1,525,000 $217,857 $3,202 3.36%

    Meredith Village Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 244 originations. The next most common DTI ratio? 30-36%, with 187 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 770 $227,670,000 $295,675 $3,080 3.42%
    Not provided 119 $35,135,000 $295,252 $3,013 3.41%
    Not applicable 11 $3,285,000 $298,636 $0 4.64%
    Asian 6 $1,130,000 $188,333 $2,239 4.35%
    American Indian 2 $530,000 $265,000 $2,626 3.13%
    Asian Indian 1 $175,000 $175,000 $2,538 2.75%
    Black 1 $165,000 $165,000 $2,491 3.25%
    Native Hawaiian or Islander 1 $55,000 $55,000 $0 6.00%

    Approval Rates

    Total approvals of all applications
    91.51%

    Meredith Village Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.72%

    Meredith Village Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1150.0 1 $55,000 $55,000
    1215.0 1 $115,000 $115,000
    1221.5 1 $85,000 $85,000
    1455.0 1 $75,000 $75,000
    1465.0 2 $160,000 $80,000
    1470.0 2 $140,000 $70,000
    1485.0 1 $85,000 $85,000
    165.0 1 $25,000 $25,000
    NA 901 $267,405,000 $296,787

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $2,530,000 $421,667
    Single Family (1-4 Units):Manufactured 27 $2,145,000 $79,444
    Single Family (1-4 Units):Site-Built 878 $263,470,000 $300,080

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 88 $18,460,000 $209,773 $2,510 3.35%
    40-60% 174 $47,900,000 $275,287 $2,850 3.22%
    60-80% 363 $110,505,000 $304,421 $3,057 3.48%
    80-100% 265 $89,655,000 $338,321 $3,569 3.52%
    Under 20% 21 $1,625,000 $77,381 $950 4.05%

    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 $49,313
    Meredith Village Savings Bank 1383 Lakeshore Road Gilford, NH 3246 Full Service B&M $54,895
    Meredith Village Savings Bank 24 State Route 25 Meredith, NH 3253 Full Service B&M $235,382
    Meredith Village Savings Bank 28 State Route 25 Moultonborough, NH 3254 Full Service B&M $115,290
    Meredith Village Savings Bank 2839 Lafayette Road Portsmouth, NH 3801 Full Service B&M $22,275
    Meredith Village Savings Bank 379 South Main Street Laconia, NH 3246 Full Service B&M $53,122
    Meredith Village Savings Bank 389 Tenney Mountain Highway Plymouth, NH 3264 Full Service Retail $25,232
    Meredith Village Savings Bank 448 Governor John Wentworth Highway, Route 109 Melvin Village, NH 3850 Full Service B&M $8,289
    Meredith Village Savings Bank 5 Riverside Drive Ashland, NH 3217 Full Service B&M $68,117
    Meredith Village Savings Bank 66 North Main Street Wolfeboro, NH 3894 Full Service B&M $120,968
    Meredith Village Savings Bank 71 State Route 104 Meredith, NH 3253 Full Service B&M $43,871
    Meredith Village Savings Bank 82 Wolfeboro Highway Alton, NH 3809 Full Service B&M $39,361
    Meredith Village Savings Bank 991 State Route 25 Moultonborough, NH 3254 Full Service B&M $80,328

    For 2020, Meredith Village Savings Bank had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $43,169
    Net interest income $37,947
    Total noninterest income $5,891
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $910
    Trading account gains and fees $0
    Additional Noninterest Income $4,981
    Pre-tax net operating income $9,743
    Securities gains (or losses, -) $609
    Income before extraordinary items $7,963
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,963
    Minority interest net income $0
    Net income $7,963
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,481

    Meredith Village Savings Bank's gross interest income from loans was $43,169,000.
    Meredith Village Savings Bank's net interest income from loans was $37,947,000.
    Meredith Village Savings Bank's fee based income from loans was $910,000.
    Meredith Village Savings Bank's net income from loans was $7,963,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,222
    Provision for credit losses $3,090
    Total noninterest expense $31,005
    Salaries and employee benefits $18,619
    Premises and equipment expense $4,480
    Additional noninterest expense $7,906
    Applicable income taxes $2,389
    Net charge-offs $16
    Cash dividends $94

    Meredith Village Savings Bank's interest expense for loans was $5,222,000.
    Meredith Village Savings Bank's payroll and benefits expense were $18,619,000.
    Meredith Village Savings Bank's property, plant and equipment expenses $4,480,000.

    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 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 $975,781
    Deposits held in domestic offices $975,781
    Deposits by Individuals, partnerships, and corporations $864,904
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $103,265
    Deposits by Commercial banks and other depository institutions in U.S. $7,612
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $495,915
    Demand deposits $150,802
    Nontransaction accounts $479,866
    Money market deposit accounts (MMDAs) $185,425
    Other savings deposits (excluding MMDAs) $150,851
    Total time deposits $143,590
    Total time and savings deposits $824,979
    Noninterest-bearing deposits $150,802
    Interest-bearing deposits $824,979
    Retail deposits $925,516
    IRAs and Keogh plan accounts $28,181
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,137,027
    Cash & Balances due from depository institutions $21,158
    Interest-bearing balances $11,391
    Total securities $72,482
    Federal funds sold & reverse repurchase $673
    Net loans and leases $997,669
    Loan and leases loss allowance $9,699
    Trading account assets $0
    Bank premises and fixed assets $20,442
    Other real estate owned $0
    Goodwill and other intangibles $398
    All other assets $24,205

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,137,027
    Total Liabilities $1,016,454
    Total deposits $975,781
    Interest-bearing deposits $824,979
    Deposits held in domestic offices $975,781
    % insured (estimated) $72
    Federal funds purchased and repurchase agreements $24,382
    Trading liabilities $0
    Other borrowed funds $8,025
    Subordinated debt $0
    All other liabilities $8,266

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $997,669
    Loan and leases loss allowance $9,699
    Total loans and leases (domestic) $1,007,368
    All real estate loans $808,289
    Real estate loans in domestic offices $808,289
    Construction and development loans $44,455
    Residential 1-4 family construction $18,946
    Other construction, all land development and other land $25,509
    Loans secured by nonfarm nonresidential properties $171,759
    Nonfarm nonresidential secured by owner-occupied properties $100,729
    Commercial real estate & other non-farm, non-residential $71,030
    Multifamily residential real estate $29,473
    1-4 family residential loans $561,955
    Farmland loans $647
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $72,883
    To non-U.S. addressees $0
    Loans to individuals $106,524
    Credit card loans $0
    Related Plans $82
    Consumer Auto Loans $753
    Other loans to individuals $105,689
    All other loans & leases $19,672
    Loans to foreign governments and official institutions $0
    Other loans $13,778
    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 $3,559
    Non 1-4 family restructured loans & leases $2,990
    Total loans and leases (foreign) $0

    Meredith Village Savings Bank had $997,669,000 of loans outstanding in 2020. $808,289,000 of loans were in real estate loans. $44,455,000 of loans were in development loans. $29,473,000 of loans were in multifamily mortgage loans. $561,955,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $753,000 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 370 $85,915 $232,203
    Nonfarm, nonresidential loans - <$100k 56 $2,089 $37,304
    Nonfarm, nonresidential loans - $100-250k 132 $14,704 $111,394
    Nonfarm, nonresidential loans - $250k-1MM 182 $69,122 $379,791
    Commercial & Industrial, US addressed loans - <$1MM 990 $51,279 $51,797
    Commercial & Industrial, US addressed loans - <$100k 776 $18,559 $23,916
    Commercial & Industrial, US addressed loans - $100-250k 136 $13,177 $96,890
    Commercial & Industrial, US addressed loans - $250k-1MM 78 $19,543 $250,551
    Farmland loans - <$1MM 2 $647 $323,500
    Farmland loans - $250k-1MM 2 $647 $323,500