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 Refi and Home Purchase loans. Mde Home Loans has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Philadelphia, New York, Washington, Atlanta, and Baltimore among others. We have data for 36 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

647

Origination Dollar Volume (All Markets)

$239,075,000

Awards

MDE Home Loans 30 Year Conventional Loans silver MDE Home Loans FHA Loans silver MDE Home Loans 30 Year Conventional Loans gold MDE Home Loans 30 Year Conventional Loans silver
Show all (4) 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) 249 $91,685,000 $368,213 $6,178 2.81%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 233 $86,995,000 $373,369 $6,098 2.95%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 19 $10,245,000 $539,211 $11,199 3.22%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 29 $9,255,000 $319,138 $11,802 3.81%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 10 $5,020,000 $502,000 $7,671 3.06%
YORK-HANOVER, PA (FHA|USDA|VA) 14 $4,760,000 $340,000 $9,518 3.84%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 13 $4,155,000 $319,615 $5,327 2.78%
JACKSONVILLE, FL (FHA|USDA|VA) 5 $2,865,000 $573,000 $7,858 3.90%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 11 $2,725,000 $247,727 $8,043 3.88%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 5 $2,445,000 $489,000 $8,512 3.45%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 4 $2,140,000 $535,000 $5,265 2.78%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 8 $2,070,000 $258,750 $6,480 2.95%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $1,780,000 $445,000 $5,343 3.38%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 5 $1,465,000 $293,000 $4,877 2.55%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 3 $1,285,000 $428,333 $8,666 2.63%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 3 $1,065,000 $355,000 $3,643 2.46%
RICHMOND, VA (FHA|USDA|VA) 3 $955,000 $318,333 $3,394 2.88%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $925,000 $925,000 $27,472 6.38%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 3 $665,000 $221,667 $8,144 3.33%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 3 $585,000 $195,000 $7,706 3.50%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $580,000 $290,000 $7,904 2.63%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $505,000 $505,000 $8,271 3.63%
READING, PA (FHA|USDA|VA) 2 $500,000 $250,000 $4,435 2.94%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $490,000 $245,000 $4,151 3.00%
STOCKTON, CA (FHA|USDA|VA) 1 $485,000 $485,000 $4,627 2.38%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $460,000 $230,000 $7,977 3.69%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $430,000 $215,000 $3,408 3.50%
ROANOKE, VA (FHA|USDA|VA) 1 $365,000 $365,000 $4,140 2.49%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $355,000 $355,000 $3,273 2.38%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $335,000 $335,000 $3,821 2.50%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $325,000 $325,000 $19,144 2.25%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $315,000 $315,000 $3,878 3.63%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $270,000 $135,000 $6,327 3.56%
Outside of Metro Areas 1 $245,000 $245,000 $4,787 2.63%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $195,000 $195,000 $4,170 3.25%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $135,000 $135,000 $3,650 2.38%
Mde Home Loans's top markets include Philadelphia, New York, Washington, Atlanta, and Baltimore among others.

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

    North Jersey Federal Credit Union
    Similarity Rank: 247
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    MOUNTAIN MORTGAGE CORP.
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    ATLANTIS MORTGAGE CO., INC.
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    TEG Federal Credit Union
    Similarity Rank: 715
    Hanover Community Bank
    Similarity Rank: 727

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 519 $193,545,000 $372,919 $5,464 2.90%
    FHA 97 $31,675,000 $326,546 $12,951 3.38%
    VA 30 $13,450,000 $448,333 $7,757 3.32%
    USDA 1 $405,000 $405,000 $7,809 2.88%

    For 2020, Mde Home Loans's most frequently originated type of loan was Conventional, with 519 originations. Their 2nd most popular type was FHA, with 97 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 390 $143,880,000 $368,923 $5,109 2.85%
    Home Purchase 247 $92,035,000 $372,611 $9,206 3.22%
    Cash Out Refi 10 $3,160,000 $316,000 $6,638 3.14%

    For 2020, Mde Home Loans's most frequently cited loan purpose was Refi, with 390 originations. The 2nd most popular reason was Home Purchase, with 247 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 480 $180,980,000 $377,042 $7,282 3.12%
    15 Year 93 $33,465,000 $359,839 $5,195 2.43%
    20 Year 57 $19,255,000 $337,807 $4,794 2.83%
    Other 12 $4,060,000 $338,333 $4,698 3.16%
    10 Year 5 $1,315,000 $263,000 $4,954 2.40%

    For 2020, Mde Home Loans's most frequently cited loan duration was 30 Year, with 480 originations. The 2nd most popular length was 15 Year, with 93 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 492 $180,940,000 $367,764
    $5k+ 68 $30,010,000 $441,324
    $4k-5k 25 $7,985,000 $319,400
    $2k-3k 24 $7,270,000 $302,917
    $3k-4k 22 $6,320,000 $287,273
    $<1k 16 $6,550,000 $409,375

    Mde Home Loans's average total fees were $7,282, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 492 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 237 $83,895,000 $353,987
    3-4% 206 $78,190,000 $379,563
    <2.5% 172 $65,620,000 $381,512
    4-5% 24 $7,730,000 $322,083
    5-6% 5 $1,665,000 $333,000
    6-7% 2 $1,690,000 $845,000
    7-8% 1 $285,000 $285,000

    During 2020, Mde Home Loans's average interest rate for loans was 3.12%, while their most frequently originated rate bucket for loans was 2.5-3%, with 237 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 345 $105,175,000 $304,855 $6,526 3.03%
    $400k-600k 226 $104,760,000 $463,540 $6,577 2.84%
    $100k-200k 46 $7,540,000 $163,913 $5,062 3.09%
    $600k-1MM 27 $19,015,000 $704,259 $11,843 3.55%
    $1MM+ 2 $2,500,000 $1,250,000 $18,348 3.38%
    $100,000 or less 1 $85,000 $85,000 $5,657 3.63%

    2020 saw Mde Home Loans place emphasis on $200k-400k loans with 345 originations, totaling $105,175,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 227 $83,505,000 $367,863 $6,173 2.90%
    $150k-250k 179 $75,365,000 $421,034 $6,633 2.92%
    $75k-100k 110 $33,820,000 $307,455 $6,778 3.07%
    $50k-75k 55 $13,915,000 $253,000 $8,341 3.20%
    $250k+ 46 $22,240,000 $483,478 $7,238 3.27%
    $50k or less 16 $3,660,000 $228,750 $5,928 3.22%

    Mde Home Loans lent most frequently to those with incomes in the $100k-150k range, with 227 originations. The second most popular income band? $150k-250k, with 179 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 146 $53,640,000 $367,397 $5,241 2.83%
    30-36% 109 $40,685,000 $373,257 $5,886 2.88%
    50-60% 42 $14,610,000 $347,857 $13,900 3.53%
    <20% 40 $13,610,000 $340,250 $4,902 2.93%
    49% 28 $9,120,000 $325,714 $7,749 3.13%
    44% 28 $12,750,000 $455,357 $6,657 3.08%
    39% 26 $8,650,000 $332,692 $7,069 3.02%
    40% 26 $9,200,000 $353,846 $6,331 3.12%
    48% 25 $8,455,000 $338,200 $7,266 3.11%
    46% 21 $7,225,000 $344,048 $7,096 3.15%
    37% 21 $7,385,000 $351,667 $5,405 3.04%
    41% 20 $7,780,000 $389,000 $7,320 3.14%
    36% 18 $7,390,000 $410,556 $5,356 2.65%
    42% 17 $7,435,000 $437,353 $8,011 2.90%
    38% 17 $5,805,000 $341,471 $5,890 2.93%
    45% 17 $6,745,000 $396,765 $7,597 3.05%
    47% 14 $4,900,000 $350,000 $7,947 3.37%
    43% 14 $5,210,000 $372,143 $7,368 2.84%
    >60% 2 $1,000,000 $500,000 $363 3.88%

    Mde Home Loans lent most frequently to those with DTI ratios of 20-30%, with 146 originations. The next most common DTI ratio? 30-36%, with 109 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 314 $112,880,000 $359,490 $6,746 3.15%
    Asian 248 $95,590,000 $385,444 $5,456 2.63%
    Black 67 $24,255,000 $362,015 $11,081 3.63%
    Not provided 16 $5,470,000 $341,875 $6,823 2.79%
    Asian Indian 1 $635,000 $635,000 $5,084 2.88%
    Other Asian 1 $245,000 $245,000 $4,712 4.13%

    Approval Rates

    Total approvals of all applications
    95.63%

    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
    70.79%

    Mde Home Loans has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 647 $239,075,000 $369,513

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 647 $239,075,000 $369,513

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $3,130,000 $391,250 $5,136 2.91%
    40-60% 90 $30,700,000 $341,111 $5,228 2.79%
    60-80% 280 $107,270,000 $383,107 $5,537 2.89%
    80-100% 259 $93,935,000 $362,683 $8,291 3.18%
    Over 100% 9 $3,825,000 $425,000 $13,246 3.10%
    Under 20% 1 $215,000 $215,000 $4,238 2.63%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    MDE Home Loans, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%