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)

    • 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 9 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    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

    926

    Origination Dollar Volume (All Markets)

    $347,310,000
    Show all (6) 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) 319 $112,945,000 $354,060 $3,901 4.26%
    Outside of Metro Areas 267 $105,625,000 $395,599 $4,879 4.38%
    Lebanon, NH-VT (FHA|USDA|VA) 171 $56,885,000 $332,661 $4,111 4.43%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 88 $48,500,000 $551,136 $4,341 4.75%
    Concord, NH (FHA|USDA|VA) 38 $10,270,000 $270,263 $4,516 4.90%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 16 $5,890,000 $368,125 $3,192 4.61%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 18 $5,290,000 $293,889 $3,963 4.30%
    Berlin, NH (FHA|USDA|VA) 8 $1,790,000 $223,750 $3,205 5.25%
    Keene, NH (FHA|USDA|VA) 1 $115,000 $115,000 $2,654 4.99%
    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.

    QUINCY CREDIT UNION
    Similarity Rank: 50
    Northfield Savings Bank
    Similarity Rank: 55
    Direct Federal Credit Union
    Similarity Rank: 115
    Sharon & Crescent United Credit Union
    Similarity Rank: 168
    Middlesex Savings Bank
    Similarity Rank: 195
    Piscataqua Savings Bank
    Similarity Rank: 200
    ALIGN CREDIT UNION
    Similarity Rank: 200
    North Easton Savings Bank
    Similarity Rank: 348
    St. Anne's Credit Union of Fall River, Mass.
    Similarity Rank: 357
    ROCKLAND
    Similarity Rank: 360

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 683 $287,935,000 $421,574 $4,281 4.54%
    HELOC 243 $59,375,000 $244,342 n/a 4.07%

    For 2022, Meredith Village Savings Bank's most frequently originated type of loan was Conventional, with 683 originations. Their 2nd most popular type was HELOC, with 243 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 474 $239,060,000 $504,346 $5,400 4.63%
    Home Improvement 184 $28,750,000 $156,250 $770 4.25%
    Cash Out Refi 151 $46,595,000 $308,576 $2,654 4.03%
    Other 99 $25,665,000 $259,242 $1,647 4.30%
    Refi 18 $7,240,000 $402,222 $3,461 4.35%

    For 2022, Meredith Village Savings Bank's most frequently cited loan purpose was Home Purchase, with 474 originations. The 2nd most popular reason was Home Improvement, with 184 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 399 $151,965,000 $380,865 $3,442 4.59%
    15 Year 304 $76,010,000 $250,033 $2,163 4.14%
    30+ year 126 $93,790,000 $744,365 $9,873 4.22%
    20 Year 38 $6,980,000 $183,684 $980 5.05%
    10 Year 27 $2,505,000 $92,778 $379 4.36%
    Other 20 $15,720,000 $786,000 $3,312 5.94%
    5 Year 12 $340,000 $28,333 $0 3.40%

    For 2022, Meredith Village Savings Bank's most frequently cited loan duration was 30 Year, with 399 originations. The 2nd most popular length was 15 Year, with 304 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 424 $133,690,000 $315,307
    $5k+ 86 $86,230,000 $1,002,674
    $1k-2k 57 $17,015,000 $298,509
    $4k-5k 24 $9,960,000 $415,000
    $2k-3k 19 $7,885,000 $415,000
    $3k-4k 19 $5,765,000 $303,421

    Meredith Village Savings Bank's average total fees were $3,442, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 424 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 344 $121,320,000 $352,674
    4-5% 300 $124,160,000 $413,867
    5-6% 159 $56,165,000 $353,239
    6-7% 60 $17,280,000 $288,000
    2.5-3% 49 $25,695,000 $524,388
    7-8% 11 $2,285,000 $207,727
    Over 8% 3 $405,000 $135,000

    During 2022, Meredith Village Savings Bank's average interest rate for loans was 4.59%, while their most frequently originated rate bucket for loans was 3-4%, with 344 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 298 $84,750,000 $284,396 $3,662 4.48%
    $100k-200k 198 $27,840,000 $140,606 $2,438 4.51%
    $100,000 or less 171 $9,615,000 $56,228 $769 4.43%
    $400k-600k 131 $62,855,000 $479,809 $5,568 4.29%
    $600k-1MM 80 $58,310,000 $728,875 $7,453 4.24%
    $1MM+ 48 $103,940,000 $2,165,417 $12,372 4.22%

    2022 saw Meredith Village Savings Bank place emphasis on $200k-400k loans with 298 originations, totaling $84,750,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 200 $66,730,000 $333,650 $4,282 4.57%
    $250k+ 197 $139,695,000 $709,112 $6,679 4.46%
    $100k-150k 190 $50,830,000 $267,526 $3,710 4.38%
    $50k-75k 125 $23,225,000 $185,800 $3,191 4.42%
    $75k-100k 112 $24,410,000 $217,946 $2,916 4.34%
    $50k or less 79 $11,905,000 $150,696 $2,198 4.18%

    Meredith Village Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 200 originations. The second most popular income band? $250k+, with 197 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 190 $58,880,000 $309,895 $3,536 4.34%
    30-36% 167 $53,195,000 $318,533 $3,864 4.46%
    <20% 105 $51,045,000 $486,143 $5,516 4.18%
    42% 51 $16,205,000 $317,745 $5,160 4.38%
    40% 45 $16,225,000 $360,556 $3,436 4.45%
    41% 43 $14,275,000 $331,977 $4,554 4.50%
    43% 42 $18,480,000 $440,000 $5,969 4.54%
    39% 38 $11,860,000 $312,105 $4,549 4.61%
    37% 34 $15,120,000 $444,706 $4,262 4.55%
    44% 34 $10,040,000 $295,294 $3,920 4.31%
    38% 33 $14,445,000 $437,727 $5,034 4.61%
    36% 32 $11,310,000 $353,438 $4,641 4.54%
    46% 32 $13,180,000 $411,875 $3,524 4.21%
    45% 23 $10,865,000 $472,391 $6,028 4.54%
    47% 22 $7,430,000 $337,727 $4,325 4.30%
    49% 16 $6,280,000 $392,500 $4,205 4.76%
    48% 12 $3,420,000 $285,000 $3,594 4.89%
    50-60% 2 $260,000 $130,000 $2,227 3.25%

    Meredith Village Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 190 originations. The next most common DTI ratio? 30-36%, with 167 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 793 $283,415,000 $357,396 $4,275 4.42%
    Not provided 108 $36,960,000 $342,222 $4,101 4.35%
    Not applicable 5 $14,795,000 $2,959,000 $0 4.77%
    Asian 11 $9,255,000 $841,364 $8,409 4.86%
    Black 7 $2,455,000 $350,714 $3,200 4.66%
    American Indian 2 $430,000 $215,000 $3,229 3.75%

    Approval Rates

    Total approvals of all applications
    90.76%

    Meredith Village Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.07%

    Meredith Village Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1205.0 1 $165,000 $165,000
    1255.0 1 $225,000 $225,000
    1470.0 1 $65,000 $65,000
    1480.0 1 $145,000 $145,000
    1485.0 2 $140,000 $70,000
    1530.0 1 $115,000 $115,000
    1550.0 3 $365,000 $121,667
    NA 916 $346,090,000 $377,828

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    926 $347,310,000 $375,065

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 127 $29,725,000 $234,055 $2,589 4.32%
    40-60% 138 $47,200,000 $342,029 $3,993 4.27%
    60-80% 289 $154,785,000 $535,588 $5,281 4.44%
    80-100% 208 $100,750,000 $484,375 $4,992 4.70%
    Under 20% 164 $14,850,000 $90,549 $509 4.21%