Meridian Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Meridian averaged
6.91%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
7.04% and
one month ago for the week of 2025-05-15, the
average rate was 7.11%.
Meridian's average rate one year ago was 7.05%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.21%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Meridian 30 Year Fixed Rate | 2025-06-18 | 6.91% |
| Meridian 30 Year Fixed Rate Refi | 2025-06-18 | 7.21% |
| Meridian 15 Year Fixed Rate | 2025-06-18 | 6.16% |
| Meridian 15 Year Fixed Rate Refi | 2025-06-18 | 6.46% |
| Meridian 30 Year FHA | 2025-06-18 | -0.01% |
| Meridian 30 Year FHA Refi | 2025-06-18 | 0.2% |
| Meridian 30 Year USDA | 2025-06-18 | 0.1% |
| Meridian 30 Year USDA Refi | 2025-06-18 | 0% |
| Meridian 30 Year VA | 2025-06-18 | 0.16% |
| Meridian 30 Year VA Refi | 2025-06-18 | 0.1% |
Meridian Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Meridian, MS market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Meridian Average Closing Costs & Other Stats
Meridian, MS's 36 lenders originated 1,150
loans during 2024. The total origination value was $165,880,000, with an average loan value of
$144,243.
Meridian's average closing costs are $5,215.
The top Meridian lender as defined by loan originations is The Citizens National Bank of Meridian, with
38 loans originated. Their average total fees are
$2,803, which is $2,092
lower than the next largest lender,
Trustmark National Bank.
The lowest fee Meridian lenders (with over 10 loans originated) are
The Citizens National Bank of Meridian ($2,803), Trustmark National Bank ($4,895), QUICKEN LOANS, LLC ($5,748), .
The lowest rate Meridian lenders (with over 10 loans originated) are
Trustmark National Bank (6.51%), QUICKEN LOANS, LLC (6.69%), The Citizens National Bank of Meridian (6.87%), .
Meridian, MS Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| Trustmark National Bank | $25,275,000 | $31,910,000 | 26.3% | 19.2% |
| The Citizens National Bank of Meridian | $18,130,000 | $18,000,000 | -0.7% | 10.9% |
| Community Bank of Mississippi | $17,510,000 | $13,785,000 | -21.3% | 8.3% |
| Mortgage Research Center, LLC | $6,725,000 | $11,330,000 | 68.5% | 6.8% |
| QUICKEN LOANS, LLC | $6,385,000 | $10,210,000 | 59.9% | 6.2% |
| BankPlus | $5,905,000 | $6,405,000 | 8.5% | 3.9% |
| NAVY FEDERAL CREDIT UNION | $5,855,000 | $5,895,000 | 0.7% | 3.6% |
| Regions Bank | $5,260,000 | $5,590,000 | 6.3% | 3.4% |
| 21ST MORTGAGE CORPORATION | $3,975,000 | $4,740,000 | 19.2% | 2.9% |
| Great Southern Bank | $65,000 | $4,630,000 | 7,023.1% | 2.8% |
| TRIAD FINANCIAL SERVICES, INC. | $2,205,000 | $3,890,000 | 76.4% | 2.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $700,000 | $3,145,000 | 349.3% | 1.9% |
| FIRST COMMUNITY MORTGAGE, INC. | $1,025,000 | $2,995,000 | 192.2% | 1.8% |
| The Citizens Bank of Philadelphia, Mississippi | $1,055,000 | $2,755,000 | 161.1% | 1.7% |
| Renasant Bank | $4,005,000 | $2,420,000 | -39.6% | 1.5% |
| BancorpSouth | $675,000 | $1,925,000 | 185.2% | 1.2% |
| KEESLER | $2,005,000 | $1,650,000 | -17.7% | 1.0% |
| NBKC BANK | $950,000 | $1,300,000 | 36.8% | 0.8% |
| SOUTHWEST STAGE FUNDING, LLC | $1,325,000 | $1,215,000 | -8.3% | 0.7% |
| NEW DAY FINANCIAL, LLC | $805,000 | $1,145,000 | 42.2% | 0.7% |
| PENNYMAC LOAN SERVICES, LLC | $585,000 | $1,125,000 | 92.3% | 0.7% |
| Barrington Bank & Trust Company, N.A. | $995,000 | $1,080,000 | 8.5% | 0.7% |
| Stifel Bank and Trust | $745,000 | $1,045,000 | 40.3% | 0.6% |
| BROKER SOLUTIONS, INC. | $530,000 | $1,005,000 | 89.6% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,160,000 | $970,000 | -16.4% | 0.6% |
| VILLAGE CAPITAL MORTGAGE | $970,000 | n/a | 0.6% | |
| STOCKTON MORTGAGE CORPORATION | $345,000 | $930,000 | 169.6% | 0.6% |
| CSL Financial, LLC | $500,000 | $900,000 | 80.0% | 0.5% |
| FREEDOM MORTGAGE CORPORATION | $835,000 | $870,000 | 4.2% | 0.5% |
| USAA Federal Savings Bank | $840,000 | $870,000 | 3.6% | 0.5% |
| Guaranty Bank and Trust Company | $805,000 | n/a | 0.5% | |
| Wells Fargo Bank | $460,000 | $790,000 | 71.7% | 0.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,710,000 | $725,000 | -57.6% | 0.4% |
| MORTGAGE INVESTORS GROUP, INC. | $2,110,000 | $710,000 | -66.4% | 0.4% |
| FIRST COLONY MORTGAGE CORPORATION | $265,000 | $700,000 | 164.2% | 0.4% |
| GUARANTEED RATE, INC. | $175,000 | $695,000 | 297.1% | 0.4% |
| PLANET HOME LENDING, LLC | $670,000 | n/a | 0.4% | |
| JPMorgan Chase Bank | $525,000 | $660,000 | 25.7% | 0.4% |
| GMFS LLC | $650,000 | n/a | 0.4% | |
| AMERISAVE MORTGAGE CORPORATION | $855,000 | $555,000 | -35.1% | 0.3% |
| Magnolia Bank | $505,000 | n/a | 0.3% | |
| MOVEMENT MORTGAGE, LLC | $505,000 | n/a | 0.3% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $215,000 | $500,000 | 132.6% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $460,000 | n/a | 0.3% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $400,000 | $455,000 | 13.8% | 0.3% |
| U.S. Bank | $450,000 | n/a | 0.3% | |
| FirstBank | $320,000 | $410,000 | 28.1% | 0.2% |
| NORWICH COMMERCIAL GROUP, INC. | $405,000 | n/a | 0.2% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $125,000 | $400,000 | 220.0% | 0.2% |
| NEWREZ LLC | $400,000 | $400,000 | 0.0% | 0.2% |
| BankFirst Financial Services | $1,090,000 | $385,000 | -64.7% | 0.2% |
| CARDINAL FINANCIAL | $230,000 | $375,000 | 63.0% | 0.2% |
| Paramount Bank | $365,000 | n/a | 0.2% | |
| DEEPHAVEN MORTGAGE LLC | $355,000 | n/a | 0.2% | |
| Mid-Continent Funding, Inc. | $320,000 | $350,000 | 9.4% | 0.2% |
| PriorityOne Bank | $350,000 | n/a | 0.2% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $345,000 | n/a | 0.2% | |
| CALCON MUTUAL MORTGAGE LLC | $340,000 | n/a | 0.2% | |
| Equity Prime Mortgage LLC | $330,000 | n/a | 0.2% | |
| ROYAL UNITED MORTGAGE LLC | $765,000 | $320,000 | -58.2% | 0.2% |
| Cornerstone First Mortgage, Inc | $305,000 | n/a | 0.2% | |
| CU COMMUNITY, LLC | $55,000 | $290,000 | 427.3% | 0.2% |
| CHURCHILL MORTGAGE CORPORATION | $220,000 | $265,000 | 20.5% | 0.2% |
| HOPE FEDERAL CREDIT UNION | $115,000 | $265,000 | 130.4% | 0.2% |
| Flagstar Bank, FSB | $85,000 | $255,000 | 200.0% | 0.2% |
| The Dart Bank | $255,000 | n/a | 0.2% | |
| The First, A National Banking Association | $100,000 | $255,000 | 155.0% | 0.2% |
| TOWNE MORTGAGE COMPANY | $985,000 | $250,000 | -74.6% | 0.2% |
| AmeriHome Mortgage Company, LLC | $245,000 | n/a | 0.1% | |
| Ixonia Bank | $245,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $480,000 | $240,000 | -50.0% | 0.1% |
| Carrington Mortgage Services, LLC | $235,000 | n/a | 0.1% | |
| Origin Bank | $225,000 | n/a | 0.1% | |
| Figure Lending LLC | $220,000 | n/a | 0.1% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $235,000 | $190,000 | -19.1% | 0.1% |
| UMB Bank | $185,000 | n/a | 0.1% | |
| Discover Bank | $190,000 | $180,000 | -5.3% | 0.1% |
| T2 FINANCIAL LLC | $180,000 | n/a | 0.1% | |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $175,000 | n/a | 0.1% | |
| Nations Lending Corporation | $175,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $150,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL NETWORK, INC. | $140,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $105,000 | $135,000 | 28.6% | 0.1% |
| Hancock Whitney Bank | $125,000 | n/a | 0.1% | |
| Magnolia State Bank | $105,000 | n/a | 0.1% | |
| TEMPLE VIEW CAPITAL FUNDING, LP | $105,000 | n/a | 0.1% | |
| CIS Financial Services, Inc. | $1,245,000 | $95,000 | -92.4% | 0.1% |
| INTOUCH CREDIT UNION | $95,000 | n/a | 0.1% | |
| LIMA ONE CAPITAL, LLC | $85,000 | n/a | 0.1% | |
| SUNBELT Federal Credit Union | $25,000 | $85,000 | 240.0% | 0.1% |
| LOANDEPOT.COM, LLC | $785,000 | $75,000 | -90.4% | 0.0% |
| Bank of America | $370,000 | $65,000 | -82.4% | 0.0% |
| The Bank of Forest | $55,000 | $65,000 | 18.2% | 0.0% |
| LAND HOME FINANCIAL SERVICES, INC. | $55,000 | n/a | 0.0% | |
| OPEN MORTGAGE, LLC | $275,000 | $55,000 | -80.0% | 0.0% |
| PLAZA HOME MORTGAGE, INC. | $45,000 | n/a | 0.0% | |
| Coastal Community Bank | $160,000 | $40,000 | -75.0% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $35,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $25,000 | n/a | 0.0% |
Meridian's top lender by overall market share is Trustmark National Bank, with 19.2% market share. In second place, with 10.9%, is The Citizens National Bank of Meridian, having originated $18,000,000 in loans. In third place, with 8.3%, is Community Bank of Mississippi, having originated $13,785,000 in loans. In fourth place, with 6.8%, is Mortgage Research Center, LLC, having originated $11,330,000 in loans. In fifth place, with 6.2%, is QUICKEN LOANS, LLC, having originated $10,210,000 in loans.
Meridian, MS Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 713 | $118,485,000 | $166,178 |
| Refi | 201 | $25,005,000 | $124,403 |
| Other | 102 | $7,550,000 | $74,020 |
| Home Improvement | 71 | $4,085,000 | $57,535 |
| Cash Out Refi | 63 | $10,755,000 | $170,714 |
Meridian's most frequently cited loan purpose was Home Purchase, with 713 originations. The 2nd most popular reason was Refi, with 201 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 398 | $78,890,000 | $198,216 |
| Over 8% | 293 | $24,475,000 | $83,532 |
| 7-8% | 169 | $23,445,000 | $138,728 |
| 5-6% | 132 | $27,270,000 | $206,591 |
| <2.5% | 68 | $770,000 | $11,324 |
| 4-5% | 22 | $2,370,000 | $107,727 |
| 2.5-3% | 1 | $295,000 | $295,000 |
During 2024, Meridian's most frequently originated rate bucket was 6-7%, with 398 originations.
Loan Sizing (Meridian, MS MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 516 | $25,940,000 | $50,271 |
| $100k-200k | 353 | $51,735,000 | $146,558 |
| $200k-400k | 242 | $65,630,000 | $271,198 |
| $400k-600k | 24 | $11,640,000 | $485,000 |
| $600k-1000k | 15 | $10,935,000 | $729,000 |
Meridian's loan sizing saw the bucket of loans from $100,000 or less with 516 originations, totaling $25,940,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 537 | $101,055,000 | $188,184 |
| 60-80% | 168 | $24,950,000 | $148,512 |
| Under 20% | 147 | $3,405,000 | $23,163 |
| 40-60% | 83 | $8,465,000 | $101,988 |
| 20-40% | 82 | $5,710,000 | $69,634 |
| Over 100% | 32 | $8,240,000 | $257,500 |
Meridian's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 537 originations, totaling $101,055,000 in origination value.