Mde Home Loans Mortgage Rates, Fees & Info
TINTON FALLS, NJLEI: 549300W20M87S246SZ26
Tax ID: 26-4221599
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Mortgage Data
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 include Philadelphia, New York, Washington, Baltimore, and York among others. Mde Home Loans has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Mde Home Loans is typically a high fee lendor.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 rate mortgage of loans were
2.89%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.26%.
Relative Fees
Mde Home Loans 's average total fees for a 30 year fixed rate
mortgage are $7,149.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| 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% |
Mde Home Loans 's top markets include Philadelphia, New York, Washington, Baltimore, and York among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average 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 the 2021 period, Mde Home Loans 's most frequently originated loan type of loans were Conventional, with 554 originations. Their 2nd most popular type is FHA, with 64 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 325 | $128,025,000 | $393,923 | $7,854 | 2.85% |
| Refi | 297 | $109,175,000 | $367,593 | $5,078 | 2.62% |
| Cash Out Refi | 14 | $5,420,000 | $387,143 | $6,612 | 2.76% |
For the 2021, Mde Home Loans 's most frequently cited loan purpose of loans were Home Purchase, with 325 originations. The 2nd most popular reason of loans were Refi, with 297 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 460 | $181,070,000 | $393,630 | $7,149 | 2.89% |
| 15 Year | 120 | $41,860,000 | $348,833 | $4,942 | 2.24% |
| 20 Year | 44 | $16,270,000 | $369,773 | $4,988 | 2.67% |
| 10 Year | 9 | $2,365,000 | $262,778 | $4,512 | 2.16% |
| Other | 3 | $1,055,000 | $351,667 | $4,628 | 2.67% |
For the 2021, Mde Home Loans 's most frequently cited loan length of loans were 30 Year, with 460 originations. The 2nd most popular length of loans were 15 Year, with 120 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 472 | $176,380,000 | $373,686 |
| $3k-4k | 63 | $23,785,000 | $377,540 |
| $5k+ | 59 | $26,275,000 | $445,339 |
| $2k-3k | 34 | $11,690,000 | $343,824 |
| $<1k | 8 | $4,490,000 | $561,250 |
$7,149 of loans were Mde Home Loans 's average total fees, while their most frequently occuring range of origination fees 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 of loans were 2.89%, while their most frequently originated rate bucket of loans were 2.5-3%, with 299 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 342 | $107,130,000 | $313,246 | $6,196 | 2.74% |
| $400k-600k | 231 | $111,235,000 | $481,537 | $6,964 | 2.69% |
| $100k-200k | 41 | $6,795,000 | $165,732 | $4,346 | 2.89% |
| $600k-1MM | 19 | $13,515,000 | $711,316 | $11,595 | 2.92% |
| $1MM+ | 3 | $3,945,000 | $1,315,000 | $9,643 | 3.25% |
2021 saw Mde Home Loans place emphasis on $200k-400k loans with 342 originations, totaling $107,130,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 251 | $94,295,000 | $375,677 | $6,181 | 2.66% |
| $150k-250k | 188 | $76,620,000 | $407,553 | $6,305 | 2.76% |
| $75k-100k | 86 | $30,850,000 | $358,721 | $7,373 | 2.79% |
| $250k+ | 49 | $24,045,000 | $490,714 | $6,617 | 2.80% |
| $50k-75k | 49 | $12,845,000 | $262,143 | $7,533 | 2.90% |
| $50k or less | 12 | $3,570,000 | $297,500 | $7,062 | 2.97% |
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
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 162 | $61,800,000 | $381,481 | $5,811 | 2.58% |
| 30-36% | 128 | $48,800,000 | $381,250 | $5,968 | 2.64% |
| <20% | 43 | $14,215,000 | $330,581 | $5,382 | 2.69% |
| 50-60% | 28 | $11,540,000 | $412,143 | $13,986 | 2.85% |
| 39% | 26 | $10,020,000 | $385,385 | $7,117 | 2.91% |
| 36% | 24 | $9,840,000 | $410,000 | $7,383 | 2.81% |
| 44% | 23 | $7,795,000 | $338,913 | $4,970 | 2.89% |
| 37% | 21 | $8,015,000 | $381,667 | $5,309 | 2.72% |
| 41% | 21 | $9,355,000 | $445,476 | $6,628 | 2.98% |
| 49% | 21 | $7,235,000 | $344,524 | $6,715 | 2.94% |
| 47% | 21 | $7,015,000 | $334,048 | $6,598 | 3.02% |
| 40% | 20 | $7,630,000 | $381,500 | $6,585 | 3.15% |
| 38% | 20 | $7,430,000 | $371,500 | $6,734 | 2.85% |
| 48% | 17 | $6,845,000 | $402,647 | $6,430 | 2.65% |
| 45% | 16 | $5,920,000 | $370,000 | $7,897 | 2.94% |
| 43% | 15 | $7,405,000 | $493,667 | $6,670 | 2.78% |
| 46% | 14 | $4,570,000 | $326,429 | $8,198 | 2.75% |
| 42% | 14 | $5,720,000 | $408,571 | $7,176 | 2.92% |
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
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Asian | 357 | $137,405,000 | $384,888 | $5,635 | 2.60% |
| White | 220 | $81,510,000 | $370,500 | $6,934 | 2.91% |
| Black | 40 | $16,020,000 | $400,500 | $11,857 | 3.07% |
| Not provided | 15 | $5,975,000 | $398,333 | $7,026 | 2.76% |
| Asian Indian | 2 | $800,000 | $400,000 | $4,332 | 2.81% |
| Other Asian | 1 | $575,000 | $575,000 | $11,817 | 3.50% |
| Native Hawaiian | 1 | $335,000 | $335,000 | $17,855 | 2.88% |
Approval Rates
Total approvals of all applications95.22%
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 origination69.99%
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 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 636 | $242,620,000 | $381,478 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 13 | $3,475,000 | $267,308 | $5,538 | 2.41% |
| 40-60% | 62 | $19,780,000 | $319,032 | $4,662 | 2.47% |
| 60-80% | 290 | $111,880,000 | $385,793 | $5,603 | 2.75% |
| 80-100% | 265 | $104,155,000 | $393,038 | $7,709 | 2.81% |
| Over 100% | 6 | $3,330,000 | $555,000 | $20,879 | 2.94% |
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% |
