Mde Home Loans Mortgage Rates, Fees & Info

TINTON FALLS, NJ

LEI: 549300W20M87S246SZ26

Tax ID: 26-4221599

1.7 stars - Updated: 4/17/25 - out of 5 stars, based on 18 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    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, Harrisburg, Washington, Lancaster, and York among others. We have data for 19 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.

    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 6.91% 4/17/25
    30 Year Conventional Refi 6.75% 4/17/25
    30 Year FHA Purchase 7.16% 4/17/25
    30 Year FHA Refi 7.01% 4/17/25
    30 Year VA Purchase 6.25% 4/17/25
    30 Year VA Refi 6.79% 4/17/25
    15 Year Conventional Purchase 6.11% 4/17/25
    15 Year Conventional Refi 5.96% 4/17/25
    15 Year Cash-out Refi 5.96% 4/17/25
    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

    309

    Origination Dollar Volume (All Markets)

    $168,015,000

    Awards

    MDE Home Loans 30 Year Conventional Loans bronze
    Show all (1) awards

    Relative Rate

    Mde Home Loans's average 30 year fixed mortgage rate was 6.56%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.01%.

    Relative Fees (Closing Costs)

    Mde Home Loans's average total fees/closing costs for a 30 year fixed rate mortgage were $11,631.

    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 $8,356.

    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) 113 $62,475,000 $552,876 $10,808 6.58%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 46 $25,130,000 $546,304 $9,552 6.55%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 34 $23,450,000 $689,706 $13,379 6.36%
    LANCASTER, PA (FHA|USDA|VA) 39 $19,915,000 $510,641 $11,998 6.57%
    YORK-HANOVER, PA (FHA|USDA|VA) 27 $13,545,000 $501,667 $13,378 6.44%
    DOVER, DE (FHA|USDA|VA) 14 $5,590,000 $399,286 $15,131 6.32%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 10 $5,330,000 $533,000 $8,655 6.41%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 7 $4,285,000 $612,143 $13,007 6.38%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 4 $1,970,000 $492,500 $11,425 6.88%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 4 $1,920,000 $480,000 $13,527 6.06%
    Outside of Metro Areas 2 $950,000 $475,000 $7,182 6.63%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $805,000 $805,000 $12,795 6.75%
    Sevierville, TN (FHA|USDA|VA) 1 $805,000 $805,000 $16,137 6.88%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $380,000 $190,000 $8,405 7.81%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $375,000 $375,000 $9,431 6.50%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $335,000 $335,000 $12,433 6.00%
    SALISBURY, MD-DE (FHA|USDA|VA) 1 $315,000 $315,000 $7,323 7.88%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $275,000 $275,000 $6,905 7.13%
    OCEAN CITY, NJ (FHA|USDA|VA) 1 $165,000 $165,000 $7,139 7.38%
    Mde Home Loans's top markets include Philadelphia, Harrisburg, Washington, Lancaster, and York among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • New Jersey (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.

    CRESCENT MORTGAGE COMPANY
    Similarity Rank: 80
    County Savings Bank
    Similarity Rank: 82
    Columbia Bank
    Similarity Rank: 96
    N C P D Federal Credit Union
    Similarity Rank: 126
    ACNB Bank
    Similarity Rank: 150
    BNB Bank
    Similarity Rank: 154
    Mid-Atlantic Federal Credit Union
    Similarity Rank: 168
    FREEDOM CREDIT UNION
    Similarity Rank: 255
    ISLAND
    Similarity Rank: 260
    Peoples Security Bank and Trust Company
    Similarity Rank: 320

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 249 $135,255,000 $543,193 $10,350 6.60%
    FHA 39 $18,825,000 $482,692 $19,571 6.29%
    VA 21 $13,935,000 $663,571 $9,369 6.15%

    For 2024, Mde Home Loans's most frequently originated type of loan was Conventional, with 249 originations. Their 2nd most popular type was FHA, with 39 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 264 $143,400,000 $543,182 $12,132 6.59%
    Refi 45 $24,615,000 $547,000 $7,430 6.18%

    For 2024, Mde Home Loans's most frequently cited loan purpose was Home Purchase, with 264 originations. The 2nd most popular reason was Refi, with 45 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 293 $160,315,000 $547,150 $11,631 6.56%
    15 Year 10 $5,410,000 $541,000 $7,740 5.69%
    20 Year 6 $2,290,000 $381,667 $8,673 6.44%

    For 2024, Mde Home Loans's most frequently cited loan duration was 30 Year, with 293 originations. The 2nd most popular length was 15 Year, with 10 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 153 $91,145,000 $595,719
    $1k-2k 87 $44,165,000 $507,644
    $4k-5k 33 $15,025,000 $455,303
    $3k-4k 14 $6,370,000 $455,000
    $<1k 13 $7,125,000 $548,077
    $2k-3k 9 $4,185,000 $465,000

    Mde Home Loans's average total fees were $11,631, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 153 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 223 $123,025,000 $551,682
    5-6% 51 $27,885,000 $546,765
    7-8% 27 $12,775,000 $473,148
    4-5% 5 $2,775,000 $555,000
    Over 8% 3 $1,555,000 $518,333

    During 2024, Mde Home Loans's average interest rate for loans was 6.56%, while their most frequently originated rate bucket for loans was 6-7%, with 223 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 123 $62,885,000 $511,260 $10,959 6.45%
    $600k-1MM 111 $78,935,000 $711,126 $13,510 6.51%
    $200k-400k 67 $21,965,000 $327,836 $9,048 6.59%
    $100k-200k 5 $725,000 $145,000 $5,386 7.75%
    $1MM+ 3 $3,505,000 $1,168,333 $18,846 7.08%

    2024 saw Mde Home Loans place emphasis on $400k-600k loans with 123 originations, totaling $62,885,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 124 $74,310,000 $599,274 $12,042 6.51%
    $100k-150k 101 $49,885,000 $493,911 $10,384 6.45%
    $250k+ 54 $32,900,000 $609,259 $11,622 6.80%
    $75k-100k 22 $8,060,000 $366,364 $12,223 6.53%
    $50k-75k 5 $1,845,000 $369,000 $14,282 6.08%
    $50k or less 3 $1,015,000 $338,333 $9,164 5.96%

    Mde Home Loans lent most frequently to those with incomes in the $150k-250k range, with 124 originations. The second most popular income band? $100k-150k, with 101 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 48 $25,080,000 $522,500 $8,841 6.54%
    49% 33 $19,385,000 $587,424 $13,645 6.56%
    50-60% 25 $13,975,000 $559,000 $17,243 6.35%
    20-30% 23 $10,725,000 $466,304 $8,514 6.66%
    42% 21 $10,605,000 $505,000 $10,868 6.42%
    45% 20 $11,890,000 $594,500 $12,883 6.41%
    44% 20 $11,250,000 $562,500 $11,551 6.44%
    48% 19 $10,625,000 $559,211 $11,084 6.63%
    47% 13 $6,735,000 $518,077 $13,242 6.64%
    43% 13 $6,755,000 $519,615 $13,911 6.38%
    46% 12 $7,510,000 $625,833 $11,031 6.49%
    40% 11 $5,625,000 $511,364 $12,746 6.55%
    41% 10 $4,720,000 $472,000 $8,388 6.50%
    37% 9 $4,895,000 $543,889 $7,829 6.46%
    39% 9 $4,905,000 $545,000 $11,366 6.94%
    38% 9 $5,065,000 $562,778 $11,430 6.50%
    <20% 6 $3,250,000 $541,667 $7,675 7.23%
    36% 4 $2,100,000 $525,000 $10,482 6.78%
    >60% 2 $2,130,000 $1,065,000 $10,324 6.38%

    Mde Home Loans lent most frequently to those with DTI ratios of 30-36%, with 48 originations. The next most common DTI ratio? 49%, with 33 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 145 $76,765,000 $529,414 $9,680 6.56%
    White 101 $55,545,000 $549,950 $11,668 6.57%
    Black 39 $22,955,000 $588,590 $15,791 6.36%
    Not provided 18 $9,370,000 $520,556 $14,189 6.46%
    American Indian 2 $820,000 $410,000 $12,068 6.56%
    Asian Indian 1 $765,000 $765,000 $18,703 6.88%
    Native Hawaiian 1 $675,000 $675,000 $11,113 6.88%
    Native Hawaiian or Islander 1 $635,000 $635,000 $12,319 6.88%
    1 $485,000 $485,000 $17,771 5.00%

    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
    72.82%

    Mde Home Loans has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 309 $168,015,000 $543,738

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    309 $168,015,000 $543,738

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $2,360,000 $295,000 $6,027 6.67%
    40-60% 27 $12,585,000 $466,111 $9,141 6.53%
    60-80% 106 $56,110,000 $529,340 $10,005 6.71%
    80-100% 168 $96,960,000 $577,143 $12,986 6.41%