Mde Home Loans Mortgage Rates, Fees & Info

TINTON FALLS, NJ

LEI: 549300W20M87S246SZ26

Tax ID: 26-4221599

1 stars - Updated: 12/2/24 - out of 5 stars, based on 14 reviews

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

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Mortgage Data

Review & Overview

Mde Home Loans is a smaller mortgage company specializing in Home Purchase loans. Mde Home Loans has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Philadelphia, Washington, Harrisburg, New York, and York among others. We have data for 34 markets. (Some data included below & more in-depth data is available with an active subscription.)

Mde Home Loans 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. Mde Home Loans is typically a high 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 relatively high 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
30 Year Conventional Purchase 6.59% 12/2/24
30 Year Conventional Refi 6.83% 12/2/24
30 Year FHA Purchase 7.36% 12/2/24
30 Year FHA Refi 6.99% 12/2/24
30 Year VA Purchase 6.23% 12/2/24
30 Year VA Refi 5.85% 12/2/24
30 Year USDA Purchase 6.65% 12/2/24
15 Year Conventional Purchase 5.93% 12/2/24
15 Year Conventional Refi 5.99% 12/2/24
15 Year Cash-out Refi 5.99% 12/2/24
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.

Mde Home Loans Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Mde Home Loans. 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

205

Origination Dollar Volume (All Markets)

$99,915,000

Relative Rate

Mde Home Loans's average 30 year fixed mortgage rate was 6.59%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.11%.

Relative Fees (Closing Costs)

Mde Home Loans's average total fees/closing costs for a 30 year fixed rate mortgage were $13,294.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 56 $27,950,000 $499,107 $12,751 6.46%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 26 $16,600,000 $638,462 $19,042 6.34%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 25 $13,145,000 $525,800 $13,941 6.84%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 15 $8,875,000 $591,667 $20,666 6.88%
YORK-HANOVER, PA (FHA|USDA|VA) 13 $6,975,000 $536,538 $14,442 6.82%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 22 $6,490,000 $295,000 $9,211 6.39%
LANCASTER, PA (FHA|USDA|VA) 7 $3,165,000 $452,143 $12,176 6.84%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 4 $2,500,000 $625,000 $10,040 5.97%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 4 $1,600,000 $400,000 $7,340 6.28%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $1,440,000 $720,000 $19,232 6.19%
WINSTON-SALEM, NC (FHA|USDA|VA) 6 $1,370,000 $228,333 $8,253 6.54%
DOVER, DE (FHA|USDA|VA) 2 $830,000 $415,000 $11,538 7.38%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $725,000 $725,000 $605 6.13%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $725,000 $725,000 $18,559 7.00%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $635,000 $635,000 $5,769 5.25%
SPARTANBURG, SC (FHA|USDA|VA) 1 $585,000 $585,000 $0 5.25%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $565,000 $565,000 $6,354 6.00%
Outside of Metro Areas 2 $520,000 $260,000 $12,377 7.63%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $515,000 $515,000 $5,317 5.50%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $485,000 $485,000 $13,576 6.50%
READING, PA (FHA|USDA|VA) 1 $475,000 $475,000 $7,271 6.50%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $365,000 $365,000 $8,850 6.50%
PITTSFIELD, MA (FHA|USDA|VA) 1 $345,000 $345,000 $14,272 7.63%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $335,000 $335,000 $5,113 6.63%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $335,000 $335,000 $15,498 6.50%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $325,000 $325,000 $1,196 6.25%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $285,000 $285,000 $9,703 6.88%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $275,000 $275,000 $3,754 7.50%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $265,000 $265,000 $7,442 6.00%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $265,000 $265,000 $23,226 5.63%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $255,000 $255,000 $6,431 7.75%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $255,000 $255,000 $8,211 8.50%
WILMINGTON, NC (FHA|USDA|VA) 1 $235,000 $235,000 $13,711 7.25%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $205,000 $205,000 $10,976 6.63%
Mde Home Loans's top markets include Philadelphia, Washington, Harrisburg, New York, and York among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against MDE Home Loans based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Republic Bank
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 140 $70,890,000 $506,357 $11,748 6.60%
    FHA 48 $18,860,000 $392,917 $17,803 6.57%
    VA 16 $9,370,000 $585,625 $13,409 6.32%
    HELOC 1 $795,000 $795,000 n/a 6.63%

    For 2023, Mde Home Loans's most frequently originated type of loan was Conventional, with 140 originations. Their 2nd most popular type was FHA, with 48 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 190 $92,770,000 $488,263 $13,153 6.56%
    Refi 15 $7,145,000 $476,333 $15,186 6.69%

    For 2023, Mde Home Loans's most frequently cited loan purpose was Home Purchase, with 190 originations. The 2nd most popular reason was Refi, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 201 $96,925,000 $482,214 $13,294 6.59%
    15 Year 3 $1,615,000 $538,333 $14,775 5.33%
    20 Year 1 $1,375,000 $1,375,000 $10,759 6.25%

    For 2023, Mde Home Loans's most frequently cited loan duration was 30 Year, with 201 originations. The 2nd most popular length was 15 Year, with 3 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 114 $58,870,000 $516,404
    $1k-2k 30 $14,830,000 $494,333
    $4k-5k 21 $8,245,000 $392,619
    $2k-3k 14 $5,130,000 $366,429
    $<1k 13 $7,615,000 $585,769
    $3k-4k 12 $4,430,000 $369,167

    Mde Home Loans's average total fees were $13,294, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 114 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 123 $60,635,000 $492,967
    7-8% 40 $18,100,000 $452,500
    5-6% 36 $18,620,000 $517,222
    4-5% 4 $1,740,000 $435,000
    Over 8% 2 $820,000 $410,000

    During 2023, Mde Home Loans's average interest rate for loans was 6.59%, while their most frequently originated rate bucket for loans was 6-7%, with 123 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 75 $38,515,000 $513,533 $13,750 6.56%
    $200k-400k 65 $20,165,000 $310,231 $10,172 6.63%
    $600k-1MM 49 $34,685,000 $707,857 $17,168 6.49%
    $100k-200k 12 $1,940,000 $161,667 $7,321 6.75%
    $1MM+ 4 $4,610,000 $1,152,500 $27,363 6.31%

    2023 saw Mde Home Loans place emphasis on $400k-600k loans with 75 originations, totaling $38,515,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 69 $38,885,000 $563,551 $14,094 6.65%
    $100k-150k 64 $30,910,000 $482,969 $13,204 6.61%
    $75k-100k 27 $8,945,000 $331,296 $11,298 6.56%
    $250k+ 23 $15,725,000 $683,696 $16,437 6.41%
    $50k-75k 15 $4,265,000 $284,333 $11,273 6.35%
    $50k or less 7 $1,185,000 $169,286 $8,315 6.45%

    Mde Home Loans lent most frequently to those with incomes in the $150k-250k range, with 69 originations. The second most popular income band? $100k-150k, with 64 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 29 $12,095,000 $417,069 $16,051 6.50%
    30-36% 21 $9,865,000 $469,762 $12,193 6.72%
    49% 21 $10,865,000 $517,381 $15,445 6.56%
    20-30% 17 $7,115,000 $418,529 $10,591 6.62%
    46% 14 $8,900,000 $635,714 $18,943 6.65%
    47% 13 $6,155,000 $473,462 $11,501 6.62%
    48% 12 $6,900,000 $575,000 $17,183 6.28%
    43% 12 $6,310,000 $525,833 $13,089 6.74%
    44% 9 $3,945,000 $438,333 $9,353 6.35%
    36% 9 $4,635,000 $515,000 $10,512 6.26%
    41% 9 $5,245,000 $582,778 $12,003 6.50%
    42% 8 $3,940,000 $492,500 $10,106 6.67%
    39% 8 $3,310,000 $413,750 $9,385 6.59%
    45% 7 $3,925,000 $560,714 $15,983 6.46%
    40% 5 $1,915,000 $383,000 $10,379 7.00%
    <20% 4 $890,000 $222,500 $7,348 6.94%
    38% 3 $1,655,000 $551,667 $9,966 6.75%
    >60% 3 $1,695,000 $565,000 $12,738 6.17%
    37% 1 $555,000 $555,000 $18,987 6.63%

    Mde Home Loans lent most frequently to those with DTI ratios of 50-60%, with 29 originations. The next most common DTI ratio? 30-36%, with 21 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 85 $39,615,000 $466,059 $12,340 6.62%
    Asian 70 $35,390,000 $505,571 $13,232 6.57%
    Black 31 $15,665,000 $505,323 $16,938 6.37%
    Not provided 13 $6,605,000 $508,077 $12,674 6.72%
    American Indian 4 $1,580,000 $395,000 $10,074 6.50%
    Asian Indian 2 $1,060,000 $530,000 $10,452 6.50%

    Approval Rates

    Total approvals of all applications
    95.24%

    Mde Home Loans has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    44.88%

    Mde Home Loans has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 205 $99,915,000 $487,390

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    205 $99,915,000 $487,390

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $1,365,000 $195,000 $5,796 6.43%
    40-60% 11 $4,025,000 $365,909 $9,135 6.86%
    60-80% 68 $34,150,000 $502,206 $13,829 6.59%
    80-100% 115 $57,495,000 $499,957 $13,390 6.56%
    Over 100% 4 $2,880,000 $720,000 $26,480 5.91%