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 10 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% 4/28/24
    30 Year Conventional Purchase 6.23% 4/28/24
    30 Year Conventional Refi 5.85% 4/28/24
    30 Year Cash-out Refi 6.35% 4/28/24
    15 Year Conventional Purchase 6.00% 4/28/24
    15 Year Conventional Refi 6.02% 4/28/24
    15 Year Cash-out Refi 6.02% 4/28/24
    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

    849

    Origination Dollar Volume (All Markets)

    $271,225,000

    Employee count

    209

    Awards

    Meredith Village Savings Bank 30 Year Conventional Loans silver Meredith Village Savings Bank 30 Year Conventional Loans silver Meredith Village Savings Bank 30 Year Conventional Loans gold Meredith Village Savings Bank 30 Year Conventional Loans gold
    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
    Outside of Metro Areas 250 $90,080,000 $360,320 $3,654 3.15%
    Laconia, NH (FHA|USDA|VA) 266 $85,780,000 $322,481 $3,404 3.30%
    Lebanon, NH-VT (FHA|USDA|VA) 190 $46,390,000 $244,158 $3,203 3.46%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 81 $30,735,000 $379,444 $3,408 3.53%
    Concord, NH (FHA|USDA|VA) 26 $5,930,000 $228,077 $3,143 3.33%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 14 $4,980,000 $355,714 $3,958 3.41%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 11 $3,865,000 $351,364 $3,568 3.17%
    Berlin, NH (FHA|USDA|VA) 8 $2,130,000 $266,250 $5,250 3.50%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $1,040,000 $520,000 $3,803 2.94%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $295,000 $295,000 $3,146 2.75%
    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: 155
    Sharon & Crescent United Credit Union
    Similarity Rank: 335
    LUSO-AMERICAN CREDIT UNION
    Similarity Rank: 474
    VERMONT STATE EMPLOYEES
    Similarity Rank: 530
    Middlesex Savings Bank
    Similarity Rank: 672
    Bridgewater Savings Bank
    Similarity Rank: 672
    Union Bank
    Similarity Rank: 715
    ONE Credit Union
    Similarity Rank: 735
    East Boston Savings Bank
    Similarity Rank: 755
    Piscataqua Savings Bank
    Similarity Rank: 789

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 849 $271,225,000 $319,464 $3,456 3.31%

    For 2021, Meredith Village Savings Bank's most frequently originated type of loan was Conventional, with 849 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 417 $157,405,000 $377,470 $4,402 3.52%
    Cash Out Refi 246 $71,670,000 $291,341 $2,690 3.09%
    Refi 119 $28,755,000 $241,639 $2,642 3.02%
    Other 41 $8,875,000 $216,463 $2,336 3.20%
    Home Improvement 26 $4,520,000 $173,846 $1,745 3.60%

    For 2021, Meredith Village Savings Bank's most frequently cited loan purpose was Home Purchase, with 417 originations. The 2nd most popular reason was Cash Out Refi, with 246 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 533 $168,745,000 $316,595 $2,908 3.35%
    15 Year 122 $24,100,000 $197,541 $2,473 2.86%
    30+ year 98 $54,510,000 $556,224 $8,336 3.37%
    Other 33 $10,165,000 $308,030 $4,168 4.56%
    10 Year 30 $6,970,000 $232,333 $1,744 3.00%
    20 Year 28 $6,600,000 $235,714 $2,492 3.29%
    5 Year 5 $135,000 $27,000 $0 3.25%

    For 2021, Meredith Village Savings Bank's most frequently cited loan duration was 30 Year, with 533 originations. The 2nd most popular length was 15 Year, with 122 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 701 $203,655,000 $290,521
    $5k+ 49 $41,145,000 $839,694
    $3k-4k 21 $6,395,000 $304,524
    $4k-5k 17 $6,555,000 $385,588
    $2k-3k 13 $3,045,000 $234,231
    $1k-2k 8 $1,660,000 $207,500

    Meredith Village Savings Bank's average total fees were $2,908, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 701 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 436 $161,380,000 $370,138
    2.5-3% 257 $84,605,000 $329,202
    4-5% 77 $11,535,000 $149,805
    <2.5% 52 $10,800,000 $207,692
    5-6% 26 $2,830,000 $108,846
    6-7% 1 $75,000 $75,000

    During 2021, Meredith Village Savings Bank's average interest rate for loans was 3.35%, while their most frequently originated rate bucket for loans was 3-4%, with 436 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 326 $91,450,000 $280,521 $3,208 3.16%
    $100k-200k 223 $33,555,000 $150,471 $2,573 3.42%
    $400k-600k 117 $56,195,000 $480,299 $4,747 3.20%
    $100,000 or less 107 $6,955,000 $65,000 $1,896 3.83%
    $600k-1MM 42 $31,650,000 $753,571 $5,809 3.19%
    $1MM+ 34 $51,420,000 $1,512,353 $8,569 3.09%

    2021 saw Meredith Village Savings Bank place emphasis on $200k-400k loans with 326 originations, totaling $91,450,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 195 $50,795,000 $260,487 $3,302 3.21%
    $150k-250k 180 $62,720,000 $348,444 $3,548 3.36%
    $50k-75k 135 $26,175,000 $193,889 $2,879 3.40%
    $250k+ 127 $82,685,000 $651,063 $4,911 3.22%
    $75k-100k 119 $26,255,000 $220,630 $3,136 3.34%
    $50k or less 65 $9,525,000 $146,538 $2,492 3.42%

    Meredith Village Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 195 originations. The second most popular income band? $150k-250k, with 180 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 194 $60,490,000 $311,804 $3,290 3.22%
    30-36% 141 $39,025,000 $276,773 $3,099 3.31%
    <20% 84 $27,510,000 $327,500 $3,171 3.11%
    39% 44 $12,310,000 $279,773 $4,301 3.65%
    44% 40 $13,310,000 $332,750 $3,843 3.39%
    43% 40 $15,030,000 $375,750 $3,615 3.37%
    36% 37 $14,365,000 $388,243 $4,211 3.34%
    40% 34 $9,370,000 $275,588 $3,270 3.46%
    41% 34 $11,750,000 $345,588 $3,571 3.22%
    42% 33 $8,985,000 $272,273 $3,427 3.49%
    45% 32 $11,980,000 $374,375 $3,743 3.46%
    48% 24 $9,370,000 $390,417 $3,450 3.27%
    46% 24 $8,130,000 $338,750 $2,991 3.32%
    38% 23 $7,845,000 $341,087 $4,723 3.37%
    37% 19 $4,495,000 $236,579 $3,083 3.19%
    47% 18 $7,890,000 $438,333 $4,346 3.06%
    49% 12 $3,580,000 $298,333 $3,050 3.03%
    50-60% 4 $1,180,000 $295,000 $2,943 3.62%

    Meredith Village Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 194 originations. The next most common DTI ratio? 30-36%, with 141 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 711 $222,175,000 $312,482 $3,449 3.30%
    Not provided 112 $40,210,000 $359,018 $3,424 3.28%
    Not applicable 9 $3,755,000 $417,222 $0 4.24%
    Asian 11 $2,435,000 $221,364 $2,564 3.79%
    Black 3 $1,645,000 $548,333 $5,844 2.67%
    American Indian 2 $600,000 $300,000 $5,555 3.81%
    Chinese 1 $405,000 $405,000 $7,309 3.25%

    Approval Rates

    Total approvals of all applications
    93.22%

    Meredith Village Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.33%

    Meredith Village Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1281.5 1 $35,000 $35,000
    1415.0 1 $75,000 $75,000
    1465.0 2 $230,000 $115,000
    1480.0 1 $55,000 $55,000
    1505.0 2 $180,000 $90,000
    NA 842 $270,650,000 $321,437

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    849 $271,225,000 $319,464

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 108 $21,960,000 $203,333 $2,686 3.10%
    40-60% 164 $50,810,000 $309,817 $3,169 3.17%
    60-80% 329 $111,735,000 $339,620 $3,691 3.38%
    80-100% 214 $82,390,000 $385,000 $4,029 3.44%
    Under 20% 34 $4,330,000 $127,353 $1,521 3.29%

    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 $70,662
    Meredith Village Savings Bank 1383 Lakeshore Road Gilford, NH 3246 Full Service B&M $74,810
    Meredith Village Savings Bank 24 State Route 25 Meredith, NH 3253 Full Service B&M $231,306
    Meredith Village Savings Bank 28 State Route 25 Moultonborough, NH 3254 Full Service B&M $131,674
    Meredith Village Savings Bank 2839 Lafayette Road Portsmouth, NH 3801 Full Service B&M $28,397
    Meredith Village Savings Bank 379 South Main Street Laconia, NH 3246 Full Service B&M $65,484
    Meredith Village Savings Bank 389 Tenney Mountain Highway Plymouth, NH 3264 Full Service Retail $22,593
    Meredith Village Savings Bank 448 Governor John Wentworth Highway, Route 109 Melvin Village, NH 3850 Full Service B&M $9,224
    Meredith Village Savings Bank 5 Riverside Drive Ashland, NH 3217 Full Service B&M $81,278
    Meredith Village Savings Bank 66 North Main Street Wolfeboro, NH 3894 Full Service B&M $152,981
    Meredith Village Savings Bank 71 State Route 104 Meredith, NH 3253 Full Service B&M $50,436
    Meredith Village Savings Bank 82 Wolfeboro Highway Alton, NH 3809 Full Service B&M $45,055
    Meredith Village Savings Bank 991 State Route 25 Moultonborough, NH 3254 Full Service B&M $96,544

    For 2021, Meredith Village Savings Bank had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $44,509
    Net interest income $42,763
    Total noninterest income $4,687
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $947
    Trading account gains and fees $0
    Additional Noninterest Income $3,740
    Pre-tax net operating income $13,099
    Securities gains (or losses, -) $167
    Income before extraordinary items $10,027
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $10,027
    Minority interest net income $0
    Net income $10,027
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,895

    Meredith Village Savings Bank's gross interest income from loans was $44,509,000.
    Meredith Village Savings Bank's net interest income from loans was $42,763,000.
    Meredith Village Savings Bank's fee based income from loans was $947,000.
    Meredith Village Savings Bank's net income from loans was $10,027,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,746
    Provision for credit losses $1,533
    Total noninterest expense $32,818
    Salaries and employee benefits $20,150
    Premises and equipment expense $5,011
    Additional noninterest expense $7,657
    Applicable income taxes $3,239
    Net charge-offs $104
    Cash dividends $267

    Meredith Village Savings Bank's interest expense for loans was $1,746,000.
    Meredith Village Savings Bank's payroll and benefits expense were $20,150,000.
    Meredith Village Savings Bank's property, plant and equipment expenses $5,011,000.

    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 5.0%
    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 $1,109,423
    Deposits held in domestic offices $1,109,423
    Deposits by Individuals, partnerships, and corporations $997,742
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $109,921
    Deposits by Commercial banks and other depository institutions in U.S. $1,760
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $595,594
    Demand deposits $191,851
    Nontransaction accounts $513,829
    Money market deposit accounts (MMDAs) $207,558
    Other savings deposits (excluding MMDAs) $190,120
    Total time deposits $116,152
    Total time and savings deposits $917,572
    Noninterest-bearing deposits $191,851
    Interest-bearing deposits $917,572
    Retail deposits $1,063,826
    IRAs and Keogh plan accounts $25,489
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,287,088
    Cash & Balances due from depository institutions $35,383
    Interest-bearing balances $27,030
    Total securities $83,037
    Federal funds sold & reverse repurchase $672
    Net loans and leases $1,120,163
    Loan and leases loss allowance $11,128
    Trading account assets $0
    Bank premises and fixed assets $21,528
    Other real estate owned $0
    Goodwill and other intangibles $384
    All other assets $25,921

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,287,088
    Total Liabilities $1,158,733
    Total deposits $1,109,423
    Interest-bearing deposits $917,572
    Deposits held in domestic offices $1,109,423
    % insured (estimated) $70
    Federal funds purchased and repurchase agreements $32,497
    Trading liabilities $0
    Other borrowed funds $7,844
    Subordinated debt $0
    All other liabilities $8,969

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,120,163
    Loan and leases loss allowance $11,128
    Total loans and leases (domestic) $1,131,291
    All real estate loans $934,072
    Real estate loans in domestic offices $934,072
    Construction and development loans $73,925
    Residential 1-4 family construction $32,186
    Other construction, all land development and other land $41,739
    Loans secured by nonfarm nonresidential properties $171,370
    Nonfarm nonresidential secured by owner-occupied properties $95,075
    Commercial real estate & other non-farm, non-residential $76,295
    Multifamily residential real estate $24,859
    1-4 family residential loans $663,526
    Farmland loans $392
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $44,509
    To non-U.S. addressees $0
    Loans to individuals $133,675
    Credit card loans $0
    Related Plans $95
    Consumer Auto Loans $515
    Other loans to individuals $133,065
    All other loans & leases $19,035
    Loans to foreign governments and official institutions $0
    Other loans $13,181
    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 $3,027
    Non 1-4 family restructured loans & leases $2,561
    Total loans and leases (foreign) $0

    Meredith Village Savings Bank had $1,120,163,000 of loans outstanding in 2021. $934,072,000 of loans were in real estate loans. $73,925,000 of loans were in development loans. $24,859,000 of loans were in multifamily mortgage loans. $663,526,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $515,000 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 357 $85,402 $239,221
    Nonfarm, nonresidential loans - <$100k 51 $1,707 $33,471
    Nonfarm, nonresidential loans - $100-250k 119 $13,445 $112,983
    Nonfarm, nonresidential loans - $250k-1MM 187 $70,250 $375,668
    Commercial & Industrial, US addressed loans - <$1MM 521 $28,372 $54,457
    Commercial & Industrial, US addressed loans - <$100k 364 $6,414 $17,621
    Commercial & Industrial, US addressed loans - $100-250k 87 $7,853 $90,264
    Commercial & Industrial, US addressed loans - $250k-1MM 70 $14,105 $201,500
    Farmland loans - <$1MM 1 $392 $392,000
    Farmland loans - $250k-1MM 1 $392 $392,000