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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.59% | 12/16/24 |
| 30 Year Conventional Refi | 6.83% | 12/16/24 |
| 30 Year FHA Purchase | 7.36% | 12/16/24 |
| 30 Year FHA Refi | 6.99% | 12/16/24 |
| 30 Year VA Purchase | 6.23% | 12/16/24 |
| 30 Year VA Refi | 5.85% | 12/16/24 |
| 30 Year USDA Purchase | 6.65% | 12/16/24 |
| 15 Year Conventional Purchase | 5.93% | 12/16/24 |
| 15 Year Conventional Refi | 5.99% | 12/16/24 |
| 15 Year Cash-out Refi | 5.99% | 12/16/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
647Origination Dollar Volume (All Markets)
$239,075,000Awards
MDE Home Loans - 2020
MDE Home Loans is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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% |
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.
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Product Mix
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
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
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
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
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
2020 saw Mde Home Loans place emphasis on $200k-400k loans with 345 originations, totaling $105,175,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications95.63%
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 origination70.79%
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
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% |