Mde Home Loans Mortgage Rates, Fees & Info

TINTON FALLS, NJ

LEI: 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 loans. Mde Home Loans has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Philadelphia, New York, Atlanta, Washington, and Atlantic City among others. We have data for 21 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 an average 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 6.59% 3/28/24
30 Year Conventional Refi 6.83% 3/28/24
30 Year FHA Purchase 7.36% 3/28/24
30 Year FHA Refi 6.99% 3/28/24
30 Year VA Purchase 6.23% 3/28/24
30 Year VA Refi 5.85% 3/28/24
30 Year USDA Purchase 6.65% 3/28/24
15 Year Conventional Purchase 5.93% 3/28/24
15 Year Conventional Refi 5.99% 3/28/24
15 Year Cash-out Refi 5.99% 3/28/24
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

401

Origination Dollar Volume (All Markets)

$125,475,000

Awards

MDE Home Loans VA Loans gold MDE Home Loans VA Loans silver
Show all (2) 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
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 150 $45,560,000 $303,733 $7,525 4.71%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 141 $45,205,000 $320,603 $7,655 4.72%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 58 $17,150,000 $295,690 $10,429 5.33%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 8 $4,750,000 $593,750 $15,912 4.92%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 19 $4,165,000 $219,211 $8,139 4.60%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 6 $2,120,000 $353,333 $6,867 4.60%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $1,210,000 $605,000 $9,181 5.69%
YORK-HANOVER, PA (FHA|USDA|VA) 3 $815,000 $271,667 $10,014 4.71%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $810,000 $405,000 $5,742 5.00%
LANCASTER, PA (FHA|USDA|VA) 1 $465,000 $465,000 $10,192 4.88%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $455,000 $455,000 $5,880 4.88%
GETTYSBURG, PA (FHA|USDA|VA) 1 $435,000 $435,000 $13,665 4.88%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $435,000 $435,000 $10,809 4.13%
RICHMOND, VA (FHA|USDA|VA) 1 $335,000 $335,000 $8,239 4.50%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $335,000 $335,000 $6,173 5.38%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $295,000 $295,000 $4,820 4.75%
GAINESVILLE, GA (FHA|USDA|VA) 1 $255,000 $255,000 $4,338 4.75%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $235,000 $235,000 $7,841 4.75%
Albemarle, NC (FHA|USDA|VA) 1 $205,000 $205,000 $6,329 4.75%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $155,000 $155,000 $3,791 5.38%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $85,000 $85,000 $4,143 5.25%
Mde Home Loans's top markets include Philadelphia, New York, Atlanta, Washington, and Atlantic City among others.

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

    N C P D Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 233 $73,655,000 $316,116 $6,218 4.75%
    FHA 131 $39,415,000 $300,878 $12,288 4.92%
    VA 34 $11,520,000 $338,824 $5,690 4.83%
    USDA 3 $885,000 $295,000 $10,072 4.75%

    For 2018, Mde Home Loans's most frequently originated type of loan was Conventional, with 233 originations. Their 2nd most popular type was FHA, with 131 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 383 $120,225,000 $313,903 $8,265 4.81%
    Refi 17 $4,875,000 $286,765 $6,079 4.84%
    Home Improvement 1 $375,000 $375,000 $13,423 5.38%

    For 2018, Mde Home Loans's most frequently cited loan purpose was Home Purchase, with 383 originations. The 2nd most popular reason was Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 392 $124,020,000 $316,378 $8,246 4.83%
    15 Year 5 $835,000 $167,000 $5,792 4.00%
    10 Year 3 $365,000 $121,667 $4,994 4.21%
    20 Year 1 $255,000 $255,000 $5,937 4.63%

    For 2018, Mde Home Loans's most frequently cited loan duration was 30 Year, with 392 originations. The 2nd most popular length was 15 Year, with 5 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 215 $67,785,000 $315,279
    $5k+ 66 $23,690,000 $358,939
    $<1k 36 $11,320,000 $314,444
    $3k-4k 30 $7,950,000 $265,000
    $4k-5k 30 $9,660,000 $322,000
    $2k-3k 24 $5,070,000 $211,250

    Mde Home Loans's average total fees were $8,246, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 215 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 259 $82,975,000 $320,367
    5-6% 115 $34,165,000 $297,087
    3-4% 26 $7,380,000 $283,846
    6-7% 1 $955,000 $955,000

    During 2018, Mde Home Loans's average interest rate for loans was 4.83%, while their most frequently originated rate bucket for loans was 4-5%, with 259 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 261 $79,065,000 $302,931 $8,565 4.83%
    $400k-600k 68 $30,620,000 $450,294 $8,346 4.76%
    $100k-200k 53 $8,235,000 $155,377 $5,634 4.77%
    $600k-1MM 10 $6,830,000 $683,000 $13,500 4.95%
    $100,000 or less 9 $725,000 $80,556 $5,097 4.81%

    2018 saw Mde Home Loans place emphasis on $200k-400k loans with 261 originations, totaling $79,065,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 134 $44,740,000 $333,881 $7,858 4.84%
    $75k-100k 81 $23,815,000 $294,012 $9,026 4.83%
    $50k-75k 68 $17,060,000 $250,882 $8,228 4.79%
    $150k-250k 59 $21,465,000 $363,814 $7,637 4.64%
    $50k or less 33 $6,985,000 $211,667 $8,679 4.84%
    $250k+ 25 $10,985,000 $439,400 $7,631 5.00%

    Mde Home Loans lent most frequently to those with incomes in the $100k-150k range, with 134 originations. The second most popular income band? $75k-100k, with 81 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 83 $27,385,000 $329,940 $11,665 4.85%
    30-36% 53 $15,955,000 $301,038 $6,521 4.79%
    20-30% 42 $14,930,000 $355,476 $6,330 4.67%
    >60% 24 $7,900,000 $329,167 $10,699 4.81%
    49% 24 $6,670,000 $277,917 $7,961 4.85%
    43% 18 $5,570,000 $309,444 $7,570 4.84%
    42% 16 $4,950,000 $309,375 $6,970 4.78%
    40% 16 $4,100,000 $256,250 $7,694 4.87%
    44% 16 $4,470,000 $279,375 $6,876 5.04%
    39% 15 $4,875,000 $325,000 $7,775 4.89%
    45% 14 $4,400,000 $314,286 $8,616 4.88%
    41% 14 $4,730,000 $337,857 $8,600 4.81%
    47% 12 $3,840,000 $320,000 $6,815 4.83%
    37% 12 $3,520,000 $293,333 $6,066 4.64%
    48% 11 $2,905,000 $264,091 $5,549 4.75%
    38% 10 $2,530,000 $253,000 $6,405 4.79%
    36% 8 $2,400,000 $300,000 $7,901 4.84%
    46% 8 $2,900,000 $362,500 $6,167 4.72%
    <20% 4 $1,070,000 $267,500 $5,634 4.41%

    Mde Home Loans lent most frequently to those with DTI ratios of 50-60%, with 83 originations. The next most common DTI ratio? 30-36%, with 53 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 210 $63,720,000 $303,429 $7,721 4.72%
    Asian 84 $29,820,000 $355,000 $7,070 4.72%
    Black 93 $27,515,000 $295,860 $10,274 5.10%
    Not provided 13 $4,105,000 $315,769 $8,541 4.66%
    Native Hawaiian or Islander 1 $315,000 $315,000 $525 5.50%

    Approval Rates

    Total approvals of all applications
    95.86%

    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
    74.06%

    Mde Home Loans has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 401 $125,475,000 $312,905

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 401 $125,475,000 $312,905

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $1,580,000 $158,000 $5,117 4.70%
    40-60% 28 $6,980,000 $249,286 $6,084 4.65%
    60-80% 83 $26,535,000 $319,699 $6,083 4.75%
    80-100% 270 $87,430,000 $323,815 $9,109 4.86%
    Over 100% 8 $2,770,000 $346,250 $10,716 4.78%
    Under 20% 2 $180,000 $90,000 $5,373 3.88%