Meridian Bank Corporation Mortgage Rates, Fees & Info
Malvern,LEI: 635400IW1QMK3FNFF894
Tax ID: 32-0116054
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Mortgage Data
Review & Overview
Meridian Bank Corporation is a smaller bank specializing in Home Purchase loans. Meridian Bank Corporation 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, Baltimore, Washington, Salisbury, and Dover among others. We have data for 107 markets. (Some data included below & more in-depth data is available with an active subscription.)Meridian Bank Corporation 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. Meridian Bank Corporation 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.72% | 4/5/25 |
| 30 Year Conventional Purchase | 6.93% | 4/5/25 |
| 30 Year Conventional Refi | 6.87% | 4/5/25 |
| 30 Year Cash-out Refi | 6.98% | 4/5/25 |
| 30 Year FHA Purchase | 7.15% | 4/5/25 |
| 30 Year FHA Refi | 7.03% | 4/5/25 |
| 30 Year VA Purchase | 6.44% | 4/5/25 |
| 30 Year VA Refi | 6.09% | 4/5/25 |
| 30 Year USDA Purchase | 6.75% | 4/5/25 |
| 15 Year Conventional Purchase | 6.70% | 4/5/25 |
| 15 Year Conventional Refi | 6.16% | 4/5/25 |
| 15 Year Cash-out Refi | 6.16% | 4/5/25 |
| 15 Year FHA Purchase | 6.62% | 4/5/25 |
| 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. | ||
Meridian Bank Corporation Mortgage Calculator
Your Estimates
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This is not an official calculator from Meridian Bank Corporation. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,766Origination Dollar Volume (All Markets)
$894,330,000Awards
Meridian Bank Corporation - 2024
Meridian Bank Corporation is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Meridian Bank Corporation's average 30 year fixed mortgage rate was
6.54%.
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)
Meridian Bank Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,716.
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) | 965 | $315,935,000 | $327,394 | $8,761 | 6.88% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 849 | $259,395,000 | $305,530 | $7,468 | 6.77% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 188 | $76,960,000 | $409,362 | $8,719 | 6.82% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 216 | $60,580,000 | $280,463 | $10,610 | 6.61% |
| DOVER, DE (FHA|USDA|VA) | 103 | $30,835,000 | $299,369 | $12,207 | 6.45% |
| LANCASTER, PA (FHA|USDA|VA) | 51 | $15,335,000 | $300,686 | $9,402 | 6.46% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 39 | $12,905,000 | $330,897 | $10,337 | 7.15% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 46 | $11,390,000 | $247,609 | $8,260 | 6.40% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 7 | $9,335,000 | $1,333,571 | $6,008 | 7.85% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 13 | $8,505,000 | $654,231 | $14,359 | 7.51% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 27 | $6,175,000 | $228,704 | $8,411 | 7.23% |
| Outside of Metro Areas | 23 | $5,825,000 | $253,261 | $9,530 | 6.58% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 18 | $5,010,000 | $278,333 | $8,134 | 6.82% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 4 | $4,510,000 | $1,127,500 | $4,277 | 8.28% |
| READING, PA (FHA|USDA|VA) | 16 | $3,820,000 | $238,750 | $8,925 | 7.11% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 9 | $3,475,000 | $386,111 | $9,890 | 6.56% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 13 | $3,175,000 | $244,231 | $8,391 | 6.64% |
| Cambridge, MD (FHA|USDA|VA) | 6 | $3,070,000 | $511,667 | $8,124 | 6.75% |
| LOUISVILLE, KY (FHA|USDA|VA) | 9 | $2,805,000 | $311,667 | $5,906 | 7.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 9 | $2,785,000 | $309,444 | $12,696 | 6.81% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 9 | $2,625,000 | $291,667 | $7,664 | 6.78% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 7 | $2,355,000 | $336,429 | $8,054 | 7.46% |
| RICHMOND, VA (FHA|USDA|VA) | 5 | $2,125,000 | $425,000 | $8,417 | 6.10% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 3 | $1,545,000 | $515,000 | $5,024 | 6.62% |
| GETTYSBURG, PA (FHA|USDA|VA) | 5 | $1,545,000 | $309,000 | $6,680 | 6.43% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 4 | $1,410,000 | $352,500 | $5,334 | 6.68% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 6 | $1,390,000 | $231,667 | $6,799 | 6.29% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $1,380,000 | $345,000 | $6,130 | 6.59% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 5 | $1,375,000 | $275,000 | $9,813 | 6.88% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $1,215,000 | $405,000 | $7,527 | 6.66% |
| HARRISONBURG, VA (FHA|USDA|VA) | 3 | $1,175,000 | $391,667 | $4,404 | 6.58% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $1,110,000 | $555,000 | $7,093 | 5.63% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 4 | $1,110,000 | $277,500 | $7,135 | 6.56% |
| Sanford, NC (FHA|USDA|VA) | 1 | $1,105,000 | $1,105,000 | $5,184 | 7.13% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 4 | $1,060,000 | $265,000 | $4,666 | 7.25% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $1,050,000 | $525,000 | $3,834 | 6.81% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $7,712 | 6.50% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $960,000 | $480,000 | $10,677 | 6.44% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $6,361 | 6.75% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $935,000 | $935,000 | $4,268 | 6.75% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $7,523 | 6.50% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $7,898 | 6.88% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $4,261 | 6.75% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $9,385 | 5.71% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $15,560 | 6.25% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $46,535 | 6.75% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $5,342 | 5.63% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $18,293 | 6.25% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $20,252 | 7.25% |
| Easton, MD (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $11,327 | 5.94% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $17,335 | 6.25% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $7,179 | 6.63% |
| LEBANON, PA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $12,865 | 6.94% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $7,012 | 6.38% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $6,507 | 5.88% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $23,155 | 5.25% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $6,957 | 6.12% |
| DuBois, PA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $12,536 | 6.31% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $5,898 | 6.25% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $16,041 | 5.75% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $11,873 | 6.25% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $5,798 | 7.50% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $9,083 | 6.50% |
| North Wilkesboro, NC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $6,023 | 6.25% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $11,921 | 5.75% |
| Scottsburg, IN (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $7,790 | 5.81% |
| Seymour, IN (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $9,000 | 6.44% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $13,482 | 6.63% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $15,506 | 7.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $7,885 | 6.50% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $8,874 | 6.49% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,997 | 7.38% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $6,110 | 6.00% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $8,464 | 5.75% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,381 | 7.50% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 7.38% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $9,527 | 6.75% |
| IOWA CITY, IA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,339 | 7.63% |
| Key West, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 8.50% |
| MADISON, WI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,712 | 5.75% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,064 | 5.88% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $9,433 | 5.99% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $10,315 | 7.99% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $10,858 | 5.63% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,357 | 6.50% |
| Sayre, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,753 | 8.25% |
| Warren, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,560 | 6.63% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,810 | 6.63% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,362 | 5.25% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,250 | 6.50% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,753 | 6.75% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 7.99% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 8.50% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,830 | 6.50% |
| Oneonta, NY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $8,546 | 6.75% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 8.50% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,932 | 8.63% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,547 | 6.13% |
| Tupelo, MS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,516 | 6.50% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,852 | 6.13% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,323 | 6.25% |
| Meadville, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,574 | 6.63% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,324 | 6.13% |
| JONESBORO, AR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,540 | 6.38% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.75% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.13% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,909 | 6.00% |
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Product Mix
For 2024, Meridian Bank Corporation's most frequently originated type of loan was Conventional, with 1,558 originations. Their 2nd most popular type was FHA, with 729 originations.
Loan Reason
For 2024, Meridian Bank Corporation's most frequently cited loan purpose was Home Purchase, with 2,262 originations. The 2nd most popular reason was Home Improvement, with 167 originations.
Loan Duration/Length
For 2024, Meridian Bank Corporation's most frequently cited loan duration was 30 Year, with 2,375 originations. The 2nd most popular length was 15 Year, with 292 originations.
Origination Fees/Closing Costs
Meridian Bank Corporation's average total fees were $8,716, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,079 originations.
Interest Rates
During 2024, Meridian Bank Corporation's average interest rate for loans was 6.54%, while their most frequently originated rate bucket for loans was 6-7%, with 1,470 originations.
Loan Sizing
2024 saw Meridian Bank Corporation place emphasis on $200k-400k loans with 1,511 originations, totaling $436,065,000 in origination value.
Applicant Income
Meridian Bank Corporation lent most frequently to those with incomes in the $100k-150k range, with 666 originations. The second most popular income band? $50k-75k, with 628 originations.
Applicant Debt to Income Ratio
Meridian Bank Corporation lent most frequently to those with DTI ratios of 30-36%, with 407 originations. The next most common DTI ratio? 20-30%, with 306 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.58%
Meridian Bank Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination75.96%
Meridian Bank Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,766 | $894,330,000 | $323,330 |