Meridian Bank Corporation Mortgage Rates, Fees & Info

Malvern,

LEI: 635400IW1QMK3FNFF894

Tax ID: 32-0116054

4.9 stars - Updated: 12/2/24 - out of 5 stars, based on 51 reviews

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

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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, Salisbury, Washington, and Dover among others. We have data for 117 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 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 relatively high 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 6.65% 12/2/24
30 Year Conventional Refi 6.47% 12/2/24
30 Year Cash-out Refi 6.71% 12/2/24
30 Year FHA Purchase 7.39% 12/2/24
30 Year FHA Refi 7.14% 12/2/24
30 Year VA Purchase 6.18% 12/2/24
30 Year VA Refi 5.58% 12/2/24
30 Year USDA Purchase 6.66% 12/2/24
30 Year USDA Refi 6.21% 12/2/24
15 Year Conventional Purchase 5.92% 12/2/24
15 Year Conventional Refi 6.14% 12/2/24
15 Year Cash-out Refi 6.14% 12/2/24
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.

Meridian Bank Corporation Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Meridian Bank Corporation. 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

2,557

Origination Dollar Volume (All Markets)

$787,925,000
Show all (9) awards

Relative Rate

Meridian Bank Corporation's average 30 year fixed mortgage rate was 6.69%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.21%.

Relative Fees (Closing Costs)

Meridian Bank Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $8,527.

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 $9,089.

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) 934 $289,360,000 $309,807 $8,687 7.12%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 750 $215,120,000 $286,827 $7,377 6.81%
SALISBURY, MD-DE (FHA|USDA|VA) 200 $55,540,000 $277,700 $10,332 6.88%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 111 $42,945,000 $386,892 $8,982 7.07%
DOVER, DE (FHA|USDA|VA) 94 $26,180,000 $278,511 $11,844 6.93%
LANCASTER, PA (FHA|USDA|VA) 59 $15,215,000 $257,881 $9,149 6.38%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $12,995,000 $4,331,667 $10,688 7.38%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 18 $11,770,000 $653,889 $7,533 7.01%
OCEAN CITY, NJ (FHA|USDA|VA) 17 $11,115,000 $653,824 $12,182 7.08%
YORK-HANOVER, PA (FHA|USDA|VA) 38 $9,270,000 $243,947 $8,243 6.55%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 31 $9,125,000 $294,355 $8,564 7.14%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 26 $6,420,000 $246,923 $8,523 6.68%
Outside of Metro Areas 15 $4,815,000 $321,000 $8,320 6.45%
READING, PA (FHA|USDA|VA) 18 $4,580,000 $254,444 $9,531 6.86%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 9 $3,765,000 $418,333 $5,652 7.58%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 14 $3,480,000 $248,571 $6,932 6.84%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 12 $3,390,000 $282,500 $7,356 6.47%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 6 $2,780,000 $463,333 $10,233 6.21%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 5 $2,485,000 $497,000 $9,271 8.35%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 4 $2,280,000 $570,000 $14,472 6.59%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 5 $2,075,000 $415,000 $8,263 6.63%
RICHMOND, VA (FHA|USDA|VA) 8 $1,950,000 $243,750 $7,514 7.34%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 8 $1,830,000 $228,750 $7,764 7.62%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $1,680,000 $840,000 $6,344 6.75%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $1,505,000 $501,667 $9,632 7.00%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 6 $1,410,000 $235,000 $7,478 6.44%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 4 $1,310,000 $327,500 $5,203 7.03%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 6 $1,300,000 $216,667 $7,810 6.50%
Cambridge, MD (FHA|USDA|VA) 8 $1,290,000 $161,250 $7,673 6.88%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 4 $1,250,000 $312,500 $8,446 7.25%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $1,225,000 $408,333 $6,148 6.58%
EAST STROUDSBURG, PA (FHA|USDA|VA) 5 $1,205,000 $241,000 $8,060 7.12%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $1,200,000 $600,000 $7,792 7.56%
LOUISVILLE, KY (FHA|USDA|VA) 5 $1,175,000 $235,000 $5,735 6.73%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 4 $1,100,000 $275,000 $10,132 5.91%
DAYTON-KETTERING, OH (FHA|USDA|VA) 4 $1,060,000 $265,000 $6,355 6.09%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 5 $1,005,000 $201,000 $6,481 6.18%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 5 $975,000 $195,000 $6,161 6.72%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $970,000 $485,000 $12,013 7.19%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 5 $885,000 $177,000 $6,023 6.70%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $880,000 $440,000 $9,824 6.37%
TUCSON, AZ (FHA|USDA|VA) 3 $865,000 $288,333 $5,367 6.71%
RALEIGH-CARY, NC (FHA|USDA|VA) 3 $855,000 $285,000 $6,328 7.21%
ROCKY MOUNT, NC (FHA|USDA|VA) 3 $835,000 $278,333 $7,342 7.00%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $805,000 $268,333 $8,399 7.17%
PITTSBURGH, PA (FHA|USDA|VA) 4 $790,000 $197,500 $9,402 6.63%
COLUMBIA, SC (FHA|USDA|VA) 3 $775,000 $258,333 $8,762 6.42%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $755,000 $755,000 $4,146 7.63%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $750,000 $375,000 $9,523 6.94%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $695,000 $695,000 $9,275 5.99%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $670,000 $335,000 $5,764 7.13%
VALLEJO, CA (FHA|USDA|VA) 1 $665,000 $665,000 $17,300 6.13%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $640,000 $320,000 $8,131 6.94%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $565,000 $565,000 $7,662 6.00%
WINSTON-SALEM, NC (FHA|USDA|VA) 2 $520,000 $260,000 $6,543 6.68%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $485,000 $485,000 $17,459 6.63%
WINCHESTER, VA-WV (FHA|USDA|VA) 2 $470,000 $235,000 $7,213 7.44%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $465,000 $465,000 $4,551 7.63%
Sanford, NC (FHA|USDA|VA) 1 $465,000 $465,000 $4,524 6.88%
COLUMBUS, OH (FHA|USDA|VA) 1 $455,000 $455,000 $3,209 7.25%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $455,000 $455,000 $5,790 8.00%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $455,000 $455,000 $14,206 7.13%
PANAMA CITY, FL (FHA|USDA|VA) 1 $455,000 $455,000 $12,994 5.49%
BEND, OR (FHA|USDA|VA) 1 $435,000 $435,000 $17,084 6.99%
Somerset, PA (FHA|USDA|VA) 2 $430,000 $215,000 $5,098 6.19%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $430,000 $215,000 $6,399 6.69%
KNOXVILLE, TN (FHA|USDA|VA) 1 $425,000 $425,000 $3,900 6.50%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $425,000 $425,000 $4,989 5.25%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $425,000 $425,000 $17,076 5.75%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $425,000 $425,000 $4,345 7.25%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $385,000 $385,000 $15,708 6.50%
LAWRENCE, KS (FHA|USDA|VA) 1 $375,000 $375,000 $4,925 6.13%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $375,000 $375,000 $3,847 6.25%
North Wilkesboro, NC (FHA|USDA|VA) 1 $375,000 $375,000 $12,615 7.25%
Wilmington, OH (FHA|USDA|VA) 1 $365,000 $365,000 $8,381 6.50%
GREAT FALLS, MT (FHA|USDA|VA) 1 $365,000 $365,000 $11,709 5.75%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $360,000 $180,000 $3,519 7.50%
SANTA FE, NM (FHA|USDA|VA) 1 $355,000 $355,000 $13,764 6.99%
ROCHESTER, NY (FHA|USDA|VA) 1 $345,000 $345,000 $19,883 7.63%
Clovis, NM (FHA|USDA|VA) 1 $335,000 $335,000 $10,073 6.50%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $335,000 $335,000 $7,204 5.25%
KANKAKEE, IL (FHA|USDA|VA) 1 $325,000 $325,000 $3,614 7.50%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $325,000 $325,000 $4,571 6.25%
Greenwood, SC (FHA|USDA|VA) 1 $305,000 $305,000 $11,359 7.25%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $305,000 $305,000 $7,963 6.75%
MADISON, WI (FHA|USDA|VA) 1 $305,000 $305,000 $21,088 6.75%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $305,000 $305,000 $17,279 7.25%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $295,000 $295,000 $11,853 6.63%
ROME, GA (FHA|USDA|VA) 1 $285,000 $285,000 $13,904 6.13%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $285,000 $285,000 $6,518 6.13%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $275,000 $275,000 $11,648 7.00%
JACKSON, MS (FHA|USDA|VA) 1 $275,000 $275,000 $7,106 7.38%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $265,000 $265,000 $6,132 7.63%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $265,000 $265,000 $13,288 5.75%
Easton, MD (FHA|USDA|VA) 1 $245,000 $245,000 $3,711 7.13%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $235,000 $235,000 $8,415 5.75%
Henderson, NC (FHA|USDA|VA) 1 $215,000 $215,000 $11,666 6.25%
Indiana, PA (FHA|USDA|VA) 1 $205,000 $205,000 $8,586 6.50%
Madison, IN (FHA|USDA|VA) 1 $205,000 $205,000 $7,157 7.75%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $205,000 $205,000 $2,901 5.99%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $195,000 $195,000 $5,613 7.13%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $185,000 $185,000 $6,656 7.13%
EL PASO, TX (FHA|USDA|VA) 1 $175,000 $175,000 $3,749 6.88%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $165,000 $165,000 $5,594 7.00%
GETTYSBURG, PA (FHA|USDA|VA) 1 $165,000 $165,000 $4,456 7.25%
OCALA, FL (FHA|USDA|VA) 1 $155,000 $155,000 $4,619 6.50%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $135,000 $135,000 $4,950 7.50%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $125,000 $125,000 $7,303 6.99%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $125,000 $125,000 $3,276 7.88%
LAWTON, OK (FHA|USDA|VA) 1 $115,000 $115,000 $5,940 6.00%
Pottsville, PA (FHA|USDA|VA) 1 $115,000 $115,000 $3,906 6.38%
Roanoke Rapids, NC (FHA|USDA|VA) 1 $75,000 $75,000 $5,103 7.63%
ROANOKE, VA (FHA|USDA|VA) 1 $75,000 $75,000 $2,647 6.88%
WILMINGTON, NC (FHA|USDA|VA) 1 $65,000 $65,000 $3,493 6.38%
Sunbury, PA (FHA|USDA|VA) 1 $65,000 $65,000 $2,627 6.49%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $55,000 $55,000 $3,789 7.38%
CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $45,000 $45,000 $5,530 7.88%
Meridian Bank Corporation's top markets include Philadelphia, Baltimore, Salisbury, Washington, and Dover among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,465 $507,405,000 $346,352 $6,715 6.87%
    FHA 623 $170,225,000 $273,234 $11,331 6.60%
    HELOC 278 $41,220,000 $148,273 n/a 8.44%
    VA 155 $60,395,000 $389,645 $12,384 6.39%
    USDA 36 $8,680,000 $241,111 $9,195 6.37%

    For 2023, Meridian Bank Corporation's most frequently originated type of loan was Conventional, with 1,465 originations. Their 2nd most popular type was FHA, with 623 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,138 $690,790,000 $323,101 $8,578 6.76%
    Home Improvement 177 $36,485,000 $206,130 $4,325 8.34%
    Other 128 $18,030,000 $140,859 $5,880 8.09%
    Cash Out Refi 69 $18,545,000 $268,768 $8,676 6.75%
    Refi 45 $24,075,000 $535,000 $5,689 6.75%

    For 2023, Meridian Bank Corporation's most frequently cited loan purpose was Home Purchase, with 2,138 originations. The 2nd most popular reason was Home Improvement, with 177 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,155 $650,455,000 $301,835 $8,527 6.69%
    15 Year 286 $44,500,000 $155,594 $6,900 8.27%
    10 Year 53 $44,145,000 $832,925 $0 7.70%
    1 Year 29 $10,775,000 $371,552 $0 9.13%
    Other 11 $28,235,000 $2,566,818 $8,409 8.42%
    30+ year 7 $6,925,000 $989,286 $7,358 7.34%
    20 Year 6 $790,000 $131,667 $2,692 7.73%
    5 Year 6 $1,550,000 $258,333 $3,611 8.50%
    3 Year 4 $550,000 $137,500 $3,697 8.72%

    For 2023, Meridian Bank Corporation's most frequently cited loan duration was 30 Year, with 2,155 originations. The 2nd most popular length was 15 Year, with 286 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 965 $285,415,000 $295,767
    $5k+ 539 $198,885,000 $368,989
    $2k-3k 304 $76,950,000 $253,125
    $4k-5k 183 $49,855,000 $272,432
    $3k-4k 177 $48,405,000 $273,475
    $<1k 13 $2,345,000 $180,385

    Meridian Bank Corporation's average total fees were $8,527, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 965 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 1,245 $388,585,000 $312,116
    7-8% 606 $189,310,000 $312,393
    5-6% 374 $109,120,000 $291,765
    Over 8% 327 $99,715,000 $304,939
    4-5% 5 $1,195,000 $239,000

    During 2023, Meridian Bank Corporation's average interest rate for loans was 6.69%, while their most frequently originated rate bucket for loans was 6-7%, with 1,245 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,304 $371,800,000 $285,123 $8,656 6.81%
    $100k-200k 591 $91,865,000 $155,440 $6,052 6.93%
    $400k-600k 344 $162,670,000 $472,878 $11,069 6.79%
    $100,000 or less 187 $12,755,000 $68,209 $4,118 7.94%
    $600k-1MM 97 $69,625,000 $717,784 $12,007 6.93%
    $1MM+ 34 $79,210,000 $2,329,706 $15,242 7.90%

    2023 saw Meridian Bank Corporation place emphasis on $200k-400k loans with 1,304 originations, totaling $371,800,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 566 $120,920,000 $213,640 $7,607 6.73%
    $100k-150k 563 $169,245,000 $300,613 $9,438 6.97%
    $75k-100k 496 $124,940,000 $251,895 $8,393 6.81%
    $150k-250k 446 $162,170,000 $363,610 $9,192 7.05%
    $250k+ 212 $101,470,000 $478,632 $9,573 7.38%
    $50k or less 190 $29,180,000 $153,579 $6,541 6.50%

    Meridian Bank Corporation lent most frequently to those with incomes in the $50k-75k range, with 566 originations. The second most popular income band? $100k-150k, with 563 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 387 $106,135,000 $274,251 $7,965 6.96%
    20-30% 337 $98,105,000 $291,113 $7,733 6.93%
    42% 173 $41,205,000 $238,179 $8,589 7.36%
    50-60% 162 $50,300,000 $310,494 $12,762 6.63%
    40% 135 $38,475,000 $285,000 $7,802 7.13%
    44% 129 $37,855,000 $293,450 $8,224 6.71%
    41% 121 $34,655,000 $286,405 $8,167 7.01%
    49% 112 $32,150,000 $287,054 $8,556 6.66%
    39% 108 $32,130,000 $297,500 $7,840 6.80%
    43% 106 $31,310,000 $295,377 $8,012 6.77%
    37% 105 $31,275,000 $297,857 $7,768 7.06%
    38% 99 $26,555,000 $268,232 $7,130 6.95%
    36% 96 $25,270,000 $263,229 $7,716 6.86%
    45% 91 $26,805,000 $294,560 $9,257 6.65%
    <20% 85 $23,445,000 $275,824 $6,763 6.84%
    48% 79 $24,485,000 $309,937 $9,665 6.63%
    46% 74 $22,850,000 $308,784 $9,153 6.76%
    47% 69 $20,165,000 $292,246 $9,168 6.83%
    >60% 3 $1,855,000 $618,333 $21,292 7.13%

    Meridian Bank Corporation lent most frequently to those with DTI ratios of 30-36%, with 387 originations. The next most common DTI ratio? 20-30%, with 337 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,549 $442,945,000 $285,955 $8,385 6.93%
    Black 542 $145,470,000 $268,395 $9,309 6.78%
    Not provided 259 $81,425,000 $314,382 $7,844 6.95%
    Not applicable 77 $76,775,000 $997,078 $0 8.22%
    Asian 124 $39,750,000 $320,565 $7,140 6.87%
    American Indian 4 $1,180,000 $295,000 $10,136 7.25%
    Other Asian 1 $315,000 $315,000 $13,617 6.25%
    Vietnamese 1 $65,000 $65,000 $0 8.50%

    Approval Rates

    Total approvals of all applications
    96.63%

    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 origination
    80.45%

    Meridian Bank Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,557 $787,925,000 $308,144

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,557 $787,925,000 $308,144

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 178 $32,090,000 $180,281 $4,773 7.96%
    40-60% 172 $59,240,000 $344,419 $5,918 7.05%
    60-80% 493 $203,155,000 $412,079 $7,435 6.95%
    80-100% 1,532 $464,270,000 $303,048 $8,872 6.69%
    Over 100% 41 $16,675,000 $406,707 $18,504 6.41%
    Under 20% 141 $12,495,000 $88,617 $3,920 8.28%