Mde Home Loans Mortgage Rates, Fees & Info
TINTON FALLS, NJLEI: 549300W20M87S246SZ26
Tax ID: 26-4221599
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Mortgage Data
Review & Overview
Mde Home Loans is a smaller mortgage company specializing in Home Purchase and Refi 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, New York, Washington, Baltimore, and York among others. We have data for 44 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.37% | 3/19/23 |
| 30 Year Conventional Refi | 6.31% | 3/19/23 |
| 30 Year Cash-out Refi | 6.42% | 3/19/23 |
| 30 Year FHA Purchase | 7.31% | 3/19/23 |
| 30 Year FHA Refi | 6.93% | 3/19/23 |
| 30 Year VA Purchase | 6.44% | 3/19/23 |
| 30 Year VA Refi | 6.14% | 3/19/23 |
| 30 Year USDA Purchase | 6.27% | 3/19/23 |
| 15 Year Conventional Purchase | 5.60% | 3/19/23 |
| 15 Year Conventional Refi | 5.73% | 3/19/23 |
| 15 Year Cash-out Refi | 5.73% | 3/19/23 |
| 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. | ||
Originations
636Origination Dollar Volume (All Markets)
$242,620,000Awards
MDE Home Loans - 2021
MDE Home Loans is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Mde Home Loans's average 30 year fixed mortgage rate was
2.89%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.26%.
Relative Fees (Closing Costs)
Mde Home Loans's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,149.
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 $4,750.
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) | 299 | $110,905,000 | $370,920 | $5,972 | 2.63% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 146 | $57,200,000 | $391,781 | $6,564 | 2.87% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 31 | $16,485,000 | $531,774 | $10,174 | 2.96% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 17 | $7,055,000 | $415,000 | $6,694 | 2.35% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 16 | $5,480,000 | $342,500 | $11,889 | 3.18% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 15 | $4,185,000 | $279,000 | $7,247 | 2.88% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 12 | $3,670,000 | $305,833 | $5,037 | 2.85% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 6 | $3,570,000 | $595,000 | $6,664 | 2.63% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 8 | $3,360,000 | $420,000 | $8,464 | 3.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 6 | $3,300,000 | $550,000 | $7,015 | 2.63% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 8 | $3,250,000 | $406,250 | $5,275 | 2.72% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 6 | $2,950,000 | $491,667 | $4,464 | 2.96% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 8 | $2,780,000 | $347,500 | $6,391 | 2.50% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 5 | $1,735,000 | $347,000 | $5,742 | 2.78% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 4 | $1,430,000 | $357,500 | $3,753 | 2.44% |
| LANCASTER, PA (FHA|USDA|VA) | 5 | $1,415,000 | $283,000 | $7,799 | 2.68% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,195,000 | $398,333 | $9,582 | 2.79% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $1,000,000 | $500,000 | $3,786 | 2.81% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $7,138 | 3.28% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $4,513 | 2.97% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $7,124 | 3.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $4,258 | 2.69% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $7,968 | 3.13% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $6,360 | 2.66% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $5,020 | 2.75% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $3,622 | 2.38% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $8,829 | 3.25% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $9,214 | 3.13% |
| Outside of Metro Areas | 1 | $385,000 | $385,000 | $7,840 | 2.50% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,340 | 2.99% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $5,948 | 2.63% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $7,185 | 3.50% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $15,439 | 2.75% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,993 | 2.75% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,453 | 2.99% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,370 | 2.25% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,262 | 3.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,086 | 2.75% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,058 | 3.38% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,318 | 2.75% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,259 | 2.38% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,621 | 2.25% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,738 | 2.38% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,413 | 2.75% |
Similar Lenders
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 554 | $209,660,000 | $378,448 | $5,540 | 2.71% |
| FHA | 64 | $23,200,000 | $362,500 | $13,738 | 2.91% |
| VA | 18 | $9,760,000 | $542,222 | $11,427 | 2.96% |
For 2021, Mde Home Loans's most frequently originated type of loan was Conventional, with 554 originations. Their 2nd most popular type was FHA, with 64 originations.
Loan Reason
For 2021, Mde Home Loans's most frequently cited loan purpose was Home Purchase, with 325 originations. The 2nd most popular reason was Refi, with 297 originations.
Loan Duration/Length
For 2021, Mde Home Loans's most frequently cited loan duration was 30 Year, with 460 originations. The 2nd most popular length was 15 Year, with 120 originations.
Origination Fees/Closing Costs
Mde Home Loans's average total fees were $7,149, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 472 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 299 | $117,025,000 | $391,388 |
| <2.5% | 213 | $80,745,000 | $379,085 |
| 3-4% | 120 | $43,180,000 | $359,833 |
| 4-5% | 3 | $1,135,000 | $378,333 |
| 7-8% | 1 | $535,000 | $535,000 |
During 2021, Mde Home Loans's average interest rate for loans was 2.89%, while their most frequently originated rate bucket for loans was 2.5-3%, with 299 originations.
Loan Sizing
2021 saw Mde Home Loans place emphasis on $200k-400k loans with 342 originations, totaling $107,130,000 in origination value.
Applicant Income
Mde Home Loans lent most frequently to those with incomes in the $100k-150k range, with 251 originations. The second most popular income band? $150k-250k, with 188 originations.
Applicant Debt to Income Ratio
Mde Home Loans lent most frequently to those with DTI ratios of 20-30%, with 162 originations. The next most common DTI ratio? 30-36%, with 128 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.75%
Mde Home Loans has an average approval rate.
Pick Rate
Approvals leading to origination69.81%
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 | 636 | $242,620,000 | $381,478 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MDE Home Loans, LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 100.0% |