Meridian Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Meridian averaged 7.17% for the week of 2023-11-30, compared to the national average of 7.22% for the same period.

The average rate for the prior week (2023-11-22) was 6.94% and one month ago for the week of 2023-10-26, the average rate was 7.84%.

Meridian's average rate one year ago was 6.43%.

For refis of the same type during the week of 2023-11-30, the average rate was 7.22%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-11-30 7.22%
Meridian 30 Year Fixed Rate 2023-11-30 7.17%
Meridian 30 Year Fixed Rate Refi 2023-11-30 7.22%
Meridian 15 Year Fixed Rate 2023-11-30 6.46%
Meridian 15 Year Fixed Rate Refi 2023-11-30 7.16%
Meridian 30 Year FHA 2023-11-30 6.3%
Meridian 30 Year FHA Refi 2023-11-30 6.85%
Meridian 30 Year USDA 2023-11-30 6.9%
Meridian 30 Year USDA Refi 2023-11-30 7.2%
Meridian 30 Year VA 2023-11-30 6.23%
Meridian 30 Year VA Refi 2023-11-30 6.57%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Meridian, MS.

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.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Trustmark National Bank 48 4.84% $3,664
The Citizens National Bank of Meridian 39 5.20% $3,214
QUICKEN LOANS, LLC 15 5.16% $6,012
Renasant Bank 15 4.47% $4,841
Regions Bank 14 5.62% $3,984
MORTGAGE INVESTORS GROUP, INC. 10 4.68% $3,916
Wells Fargo Bank 7 4.39% $4,999
Community Bank of Mississippi 7 5.09% $3,748
NAVY FEDERAL CREDIT UNION 4 6.69% $2,884
FIRST COMMUNITY MORTGAGE, INC. 4 3.94% $3,411
LOANDEPOT.COM, LLC 4 3.62% $7,278
AMERISAVE MORTGAGE CORPORATION 3 5.50% $5,721
BankPlus 3 4.71% $4,464
Citizens Bank 3 4.38% $6,838
CRESCENT MORTGAGE COMPANY 3 4.66% $6,372
BancorpSouth 3 4.83% $4,411
BROKER SOLUTIONS, INC. 2 6.75% $9,239
FREEDOM MORTGAGE CORPORATION 2 4.19% $2,158
GUARANTY HOME MORTGAGE CORPORATION 2 5.69% $6,892
Mortgage Research Center, LLC 2 6.00% $2,069
Mr. Cooper ( Nationstar Mortgage ) 2 5.18% $6,884
NEWREZ LLC 2 3.87% $6,545
STOCKTON MORTGAGE CORPORATION 2 4.93% $5,216
TOWNE MORTGAGE COMPANY 2 6.00% $3,603
CALIBER HOME LOANS, INC. 1 5.75% $4,445
MOVEMENT MORTGAGE, LLC 1 4.88% $4,485
Beeline Loans, Inc. 1 6.50% $5,337
M&T Bank 1 4.50% $6,698
Nations Lending Corporation 1 6.13% $6,675
Flagstar Bank, FSB 1 4.53% $13,575
21ST MORTGAGE CORPORATION 1 6.80% $5,389
North American Savings Bank, F.S.B. 1 4.00% $6,310
PLANET HOME LENDING, LLC 1 4.75% $4,172
FirstBank 1 6.75% $4,592
DELMAR FINANCIAL COMPANY 1 5.13% $5,452
RELIANCE FIRST CAPITAL, LLC 1 3.38% $4,390
CHURCHILL MORTGAGE CORPORATION 1 4.38% $3,214
Royal Credit Union 1 3.25% $2,761
ROYAL UNITED MORTGAGE LLC 1 4.88% $6,705
SOUTHWEST STAGE FUNDING, LLC 1 5.50% $2,410
Stifel Bank and Trust 1 4.75% $2,487
United Community Bank 1 7.49% $3,960
HOPE FEDERAL CREDIT UNION 1 6.50% $5,592
JPMorgan Chase Bank 1 3.13% $7,317
HOMESIDE FINANCIAL, LLC 1 3.99% $2,830
Merchants & Marine Bank 1 5.50% $5,151
HOME POINT FINANCIAL CORPORATION 1 4.99% $5,434

Meridian Average Closing Costs & Other Stats

Meridian, MS's 47 lenders originated 1,334 loans during 2022. The total origination value was $273,820,000, with an average loan value of $205,262.

Meridian's average closing costs are $4,845.

The top Meridian lender as defined by loan originations is Trustmark National Bank, with 48 loans originated. Their average total fees are $3,664, which is $449 higher than the next largest lender, The Citizens National Bank of Meridian.

The lowest fee Meridian lenders (with over 10 loans originated) are The Citizens National Bank of Meridian ($3,214), Trustmark National Bank ($3,664), MORTGAGE INVESTORS GROUP, INC. ($3,916), Regions Bank ($3,984) and Renasant Bank ($4,841).

The lowest rate Meridian lenders (with over 10 loans originated) are Renasant Bank (4.47%), MORTGAGE INVESTORS GROUP, INC. (4.68%), Trustmark National Bank (4.84%), QUICKEN LOANS, LLC (5.16%) and The Citizens National Bank of Meridian (5.20%).

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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
WALKER & DUNLOP, LLC $63,920,000 n/a 23.3%
Trustmark National Bank $50,475,000 $37,365,000 -26.0% 13.6%
The Citizens National Bank of Meridian $29,290,000 $20,165,000 -31.2% 7.4%
Community Bank of Mississippi $23,785,000 $17,205,000 -27.7% 6.3%
Mortgage Research Center, LLC $9,585,000 $11,945,000 24.6% 4.4%
QUICKEN LOANS, LLC $25,780,000 $10,680,000 -58.6% 3.9%
Great Southern Bank $4,810,000 $9,920,000 106.2% 3.6%
BankPlus $9,155,000 $9,770,000 6.7% 3.6%
Southern Bank $8,565,000 n/a 3.1%
Regions Bank $11,040,000 $7,390,000 -33.1% 2.7%
Renasant Bank $11,390,000 $6,895,000 -39.5% 2.5%
MORTGAGE INVESTORS GROUP, INC. $8,710,000 $5,290,000 -39.3% 1.9%
NAVY FEDERAL CREDIT UNION $6,500,000 $3,870,000 -40.5% 1.4%
FIRST COMMUNITY MORTGAGE, INC. $3,400,000 $2,805,000 -17.5% 1.0%
21ST MORTGAGE CORPORATION $4,670,000 $2,800,000 -40.0% 1.0%
Wells Fargo Bank $5,490,000 $2,660,000 -51.5% 1.0%
USAA Federal Savings Bank $2,715,000 $2,395,000 -11.8% 0.9%
TRIAD FINANCIAL SERVICES, INC. $1,735,000 $2,230,000 28.5% 0.8%
TOWNE MORTGAGE COMPANY $7,115,000 $2,010,000 -71.7% 0.7%
BankFirst Financial Services $585,000 $1,975,000 237.6% 0.7%
The Citizens Bank of Philadelphia, Mississippi $1,625,000 $1,950,000 20.0% 0.7%
Barrington Bank & Trust Company, N.A. $1,355,000 $1,905,000 40.6% 0.7%
NEW DAY FINANCIAL, LLC $1,290,000 $1,890,000 46.5% 0.7%
PENNYMAC LOAN SERVICES, LLC $3,155,000 $1,845,000 -41.5% 0.7%
LOANDEPOT.COM, LLC $2,735,000 $1,725,000 -36.9% 0.6%
Arbor Realty Trust, Inc. $1,705,000 n/a 0.6%
AMERISAVE MORTGAGE CORPORATION $2,110,000 $1,585,000 -24.9% 0.6%
BancorpSouth Bank $2,975,000 $1,510,000 -49.2% 0.6%
Mr. Cooper ( Nationstar Mortgage ) $2,685,000 $1,360,000 -49.3% 0.5%
GUARANTY HOME MORTGAGE CORPORATION $1,305,000 n/a 0.5%
ServisFirst Bank $125,000 $1,165,000 832.0% 0.4%
CSL Financial, LLC $695,000 $1,150,000 65.5% 0.4%
CRESCENT MORTGAGE COMPANY $780,000 $1,010,000 29.5% 0.4%
JPMorgan Chase Bank $620,000 $960,000 54.8% 0.4%
FirstBank $590,000 $865,000 46.6% 0.3%
FREEDOM MORTGAGE CORPORATION $4,210,000 $860,000 -79.6% 0.3%
NEWREZ LLC $2,365,000 $845,000 -64.3% 0.3%
SOUTHWEST STAGE FUNDING, LLC $395,000 $775,000 96.2% 0.3%
Citizens Bank $25,000 $755,000 2,920.0% 0.3%
UNITED WHOLESALE MORTGAGE, LLC $1,465,000 $730,000 -50.2% 0.3%
United Community Bank $690,000 n/a 0.3%
OPEN MORTGAGE, LLC $660,000 $620,000 -6.1% 0.2%
BROKER SOLUTIONS, INC. $560,000 $585,000 4.5% 0.2%
FINANCE OF AMERICA MORTGAGE LLC $565,000 n/a 0.2%
HOMESIDE FINANCIAL, LLC $360,000 $550,000 52.8% 0.2%
CHURCHILL MORTGAGE CORPORATION $440,000 $530,000 20.5% 0.2%
Stifel Bank and Trust $1,955,000 $525,000 -73.1% 0.2%
Flagstar Bank, FSB $455,000 n/a 0.2%
COUNTRYPLACE MORTGAGE, LTD. $1,065,000 $435,000 -59.2% 0.2%
The Federal Savings Bank $415,000 n/a 0.2%
Merchants & Marine Bank $400,000 n/a 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $400,000 n/a 0.1%
STOCKTON MORTGAGE CORPORATION $370,000 n/a 0.1%
CROSSCOUNTRY MORTGAGE, LLC $365,000 n/a 0.1%
EVERETT FINANCIAL, INC. $145,000 $365,000 151.7% 0.1%
HOME POINT FINANCIAL CORPORATION $2,750,000 $350,000 -87.3% 0.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,840,000 $320,000 -82.6% 0.1%
HOPE FEDERAL CREDIT UNION $135,000 $315,000 133.3% 0.1%
LAKEVIEW LOAN SERVICING, LLC $165,000 $310,000 87.9% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $410,000 $310,000 -24.4% 0.1%
MORTGAGE ACCESS CORP. $305,000 n/a 0.1%
First Bank $285,000 n/a 0.1%
GUARANTEED RATE, INC. $220,000 $285,000 29.5% 0.1%
CMG MORTGAGE, INC. $280,000 n/a 0.1%
KEESLER $280,000 $275,000 -1.8% 0.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $265,000 n/a 0.1%
Carrington Mortgage Services, LLC $875,000 $245,000 -72.0% 0.1%
VILLAGE CAPITAL MORTGAGE $65,000 $245,000 276.9% 0.1%
KINECTA $235,000 n/a 0.1%
PENTAGON FEDERAL CREDIT UNION $430,000 $235,000 -45.3% 0.1%
GMFS LLC $280,000 $215,000 -23.2% 0.1%
RIVERTRUST Federal Credit Union $185,000 $215,000 16.2% 0.1%
The First, A National Banking Association $870,000 $215,000 -75.3% 0.1%
MOVEMENT MORTGAGE, LLC $210,000 n/a 0.1%
Figure Lending LLC $15,000 $205,000 1,266.7% 0.1%
PLANET HOME LENDING, LLC $200,000 n/a 0.1%
SOUTHEAST MORTGAGE OF GEORGIA, INC. $95,000 $195,000 105.3% 0.1%
Discover Bank $120,000 $190,000 58.3% 0.1%
Magnolia State Bank $190,000 n/a 0.1%
EMBRACE HOME LOANS, INC. $225,000 $185,000 -17.8% 0.1%
EVANSVILLE TEACHERS $185,000 n/a 0.1%
VAN DYK MORTGAGE CORPORATION $185,000 n/a 0.1%
Nations Lending Corporation $405,000 $170,000 -58.0% 0.1%
First Internet Bank of Indiana $375,000 $165,000 -56.0% 0.1%
West Alabama Bank & Trust $260,000 $160,000 -38.5% 0.1%
IMPAC MORTGAGE CORP. $155,000 n/a 0.1%
Peoples Bank $155,000 n/a 0.1%
DELMAR FINANCIAL COMPANY $175,000 $150,000 -14.3% 0.1%
VANDERBILT MORTGAGE AND FINANCE, INC. $440,000 $150,000 -65.9% 0.1%
Citizens Bank $25,000 $145,000 480.0% 0.1%
Core Bank $255,000 $145,000 -43.1% 0.1%
CREDIT HUMAN FEDERAL CREDIT UNION $145,000 n/a 0.1%
U.S. Bank $140,000 n/a 0.1%
GENEVA FINANCIAL, LLC $135,000 n/a 0.0%
Royal Credit Union $135,000 n/a 0.0%
Bankers Trust Company $125,000 n/a 0.0%
South State Bank $125,000 n/a 0.0%
Beeline Loans, Inc. $120,000 n/a 0.0%
CALIBER HOME LOANS, INC. $570,000 $120,000 -78.9% 0.0%
Bank of America $575,000 $115,000 -80.0% 0.0%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $115,000 $115,000 0.0% 0.0%
North American Savings Bank, F.S.B. $295,000 $115,000 -61.0% 0.0%
FIDELITY BANK $255,000 $110,000 -56.9% 0.0%
CIS Financial Services, Inc. $260,000 $105,000 -59.6% 0.0%
M&T Bank $215,000 $105,000 -51.2% 0.0%
MID AMERICA MORTGAGE, INC. $95,000 n/a 0.0%
PHH Mortgage Corporation $320,000 $95,000 -70.3% 0.0%
AMERICAN FINANCING CORPORATION $480,000 $85,000 -82.3% 0.0%
Copiah Bank $75,000 n/a 0.0%
Northpointe Bank $65,000 $75,000 15.4% 0.0%
RELIANCE FIRST CAPITAL, LLC $425,000 $75,000 -82.4% 0.0%
ACADEMY MORTGAGE CORPORATION $215,000 $65,000 -69.8% 0.0%
EUSTIS AND AMERICAN MORTGAGE COMPANY $65,000 n/a 0.0%
PNC Bank $12,005,000 $65,000 -99.5% 0.0%
ROYAL UNITED MORTGAGE LLC $55,000 $65,000 18.2% 0.0%
PriorityOne Bank $295,000 $35,000 -88.1% 0.0%
AMERICAN ADVISORS GROUP $270,000 $25,000 -90.7% 0.0%
1st Franklin Financial Corporation $85,000 $15,000 -82.4% 0.0%

Meridian's top lender by overall market share is WALKER & DUNLOP, LLC, with 23.3% market share. In second place, with 13.6%, is Trustmark National Bank, having originated $37,365,000 in loans. In third place, with 7.4%, is The Citizens National Bank of Meridian, having originated $20,165,000 in loans. In fourth place, with 6.3%, is Community Bank of Mississippi, having originated $17,205,000 in loans. In fifth place, with 4.4%, is Mortgage Research Center, LLC, having originated $11,945,000 in loans.


Meridian Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Meridian (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $138,950 (7.0%) $188,332 (9.2%) 0.00 418
2018-02-01 $136,250 (10.6%) $183,984 (7.9%) 0.00 414
2018-03-01 $137,500 (7.9%) $181,611 (4.2%) 0.00 405
2018-04-01 $145,000 (7.4%) $190,269 (2.1%) 0.00 389
2018-05-01 $149,000 (10.5%) $195,436 (2.9%) 0.00 386
2018-06-01 $144,500 (5.7%) $194,354 (1.3%) 0.00 400
2018-07-01 $147,250 (3.0%) $191,738 (0.0%) 0.00 412
2018-08-01 $153,250 (4.8%) $190,437 (-1.7%) 0.00 404
2018-09-01 $152,500 (5.2%) $193,503 (-1.3%) 0.00 405
2018-10-01 $141,725 (-5.2%) $185,552 (-4.4%) 0.00 413
2018-11-01 $149,735 (1.0%) $181,112 (-6.3%) 0.00 389
2018-12-01 $149,000 (4.9%) $176,421 (-7.8%) 0.00 375
2019-01-01 $147,250 (6.0%) $177,469 (-5.8%) 0.00 363
2019-02-01 $149,950 (10.1%) $177,841 (-3.3%) 0.00 367
2019-03-01 $148,786 (8.2%) $178,532 (-1.7%) 0.00 368
2019-04-01 $148,250 (2.2%) $181,914 (-4.4%) 0.00 361
2019-05-01 $145,700 (-2.2%) $189,298 (-3.1%) 0.00 352
2019-06-01 $153,450 (6.2%) $196,118 (0.9%) 0.00 367
2019-07-01 $157,350 (6.9%) $197,580 (3.1%) 0.00 366
2019-08-01 $153,718 (0.3%) $194,432 (2.1%) 0.00 353
2019-09-01 $145,945 (-4.3%) $190,743 (-1.4%) 0.00 337
2019-10-01 $139,450 (-1.6%) $188,210 (1.4%) 0.00 324
2019-11-01 $139,900 (-6.6%) $193,339 (6.8%) 0.00 299
2019-12-01 $139,000 (-6.7%) $192,326 (9.0%) 0.00 292
2020-01-01 $134,125 (-8.9%) $192,613 (8.5%) 0.00 285
2020-02-01 $129,000 (-14.0%) $193,671 (8.9%) 0.00 286
2020-03-01 $129,450 (-13.0%) $186,812 (4.6%) 0.00 289
2020-04-01 $137,575 (-7.2%) $199,909 (9.9%) 0.00 279
2020-05-01 $129,000 (-11.5%) $186,851 (-1.3%) 0.00 259
2020-06-01 $129,000 (-15.9%) $184,984 (-5.7%) 0.00 229
2020-07-01 $127,700 (-18.8%) $181,397 (-8.2%) 0.00 208
2020-08-01 $135,000 (-12.2%) $186,476 (-4.1%) 0.00 195
2020-09-01 $142,750 (-2.2%) $183,870 (-3.6%) 0.00 189
2020-10-01 $150,000 (7.6%) $195,675 (4.0%) 0.00 190
2020-11-01 $164,700 (17.7%) $196,614 (1.7%) 0.00 189
2020-12-01 $149,925 (7.9%) $189,734 (-1.4%) 0.00 191
2021-01-01 $169,700 (26.5%) $195,079 (1.3%) 0.00 168
2021-02-01 $168,100 (30.3%) $194,165 (0.3%) 0.00 135
2021-03-01 $164,625 (27.2%) $186,416 (-0.2%) 0.00 120
2021-04-01 $151,000 (9.8%) $192,000 (-4.0%) 0.00 115
2021-05-01 $150,000 (16.3%) $198,830 (6.4%) 0.00 110
2021-06-01 $154,450 (19.7%) $211,725 (14.5%) 0.00 107
2021-07-01 $150,000 (17.5%) $208,951 (15.2%) 0.00 103
2021-08-01 $158,350 (17.3%) $203,991 (9.4%) 0.00 115
2021-09-01 $149,600 (4.8%) $209,910 (14.2%) 0.00 110
2021-10-01 $149,900 (-0.1%) $206,610 (5.6%) 0.00 118
2021-11-01 $157,750 (-4.2%) $234,912 (19.5%) 0.00 114
2021-12-01 $143,675 (-4.2%) $231,912 (22.2%) 0.00 107
2022-01-01 $138,250 (-18.5%) $233,759 (19.8%) 0.00 96
2022-02-01 $153,325 (-8.8%) $241,277 (24.3%) 0.00 86
2022-03-01 $162,500 (-1.3%) $252,504 (35.5%) 0.00 86
2022-04-01 $160,000 (6.0%) $245,688 (28.0%) 0.00 74
2022-05-01 $189,175 (26.1%) $267,871 (34.7%) 0.00 80
2022-06-01 $182,250 (18.0%) $267,857 (26.5%) 0.00 93
2022-07-01 $170,000 (13.3%) $262,376 (25.6%) 0.00 114
2022-08-01 $176,675 (11.6%) $270,855 (32.8%) 0.00 123
2022-09-01 $174,300 (16.5%) $269,545 (28.4%) 0.00 116
2022-10-01 $157,000 (4.7%) $241,067 (16.7%) 0.00 124
2022-11-01 $162,100 (2.8%) $247,096 (5.2%) 0.00 130
2022-12-01 $152,500 (6.1%) $236,074 (1.8%) 0.00 126
2023-01-01 $158,000 (14.3%) $256,383 (9.7%) 0.00 120
2023-02-01 $147,350 (-3.9%) $272,307 (12.9%) 0.00 116
2023-03-01 $143,750 (-11.5%) $292,713 (15.9%) 0.00 91
2023-04-01 $179,500 (12.2%) $296,273 (20.6%) 0.00 98
2023-05-01 $210,250 (11.1%) $304,065 (13.5%) 0.00 97
2023-06-01 $202,500 (11.1%) $293,709 (9.7%) 0.00 99
2023-07-01 $213,750 (25.7%) $288,146 (9.8%) 0.00 124
2023-08-01 $222,500 (25.9%) $281,785 (4.0%) 0.00 132
2023-09-01 $190,500 (9.3%) $272,511 (1.1%) 0.00 125
2023-10-01 $199,900 (27.3%) $284,398 (18.0%) 0.00 131
2023-11-01 $191,200 (18.0%) $274,116 (10.9%) 0.00 137
Meridian's median listing price for 2023-11-01 was $191,200, a difference of $29,100 (18.0%) versus the prior year and $-8,700 versus the prior month.

Meridian's median listing price comes in at 0% of the national average.

Meridian's average listing price for 2023-11-01 was $274,116, a difference of $27,020 (10.9%) versus the prior year and $-10,282 versus the prior month.

For the 2023-11-01 period, Meridian had 137 MLS listings, a difference of 6 listings (5%) versus the prior month and 7 listings (5%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Meridian (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,947 sqft
2018-02-01 0 days 1,941 sqft
2018-03-01 0 days 1,943 sqft
2018-04-01 0 days 1,947 sqft
2018-05-01 0 days 1,973 sqft
2018-06-01 0 days 1,999 sqft
2018-07-01 0 days 1,977 sqft
2018-08-01 0 days 1,969 sqft
2018-09-01 0 days 1,953 sqft
2018-10-01 0 days 1,940 sqft
2018-11-01 0 days 1,925 sqft
2018-12-01 0 days 1,912 sqft
2019-01-01 0 days 1,906 sqft
2019-02-01 0 days 1,906 sqft
2019-03-01 0 days 1,935 sqft
2019-04-01 0 days 1,966 sqft
2019-05-01 0 days 1,975 sqft
2019-06-01 0 days 2,033 sqft
2019-07-01 0 days 1,976 sqft
2019-08-01 0 days 1,954 sqft
2019-09-01 0 days 1,963 sqft
2019-10-01 0 days 1,966 sqft
2019-11-01 0 days 1,973 sqft
2019-12-01 0 days 1,953 sqft
2020-01-01 0 days 1,931 sqft
2020-02-01 0 days 1,887 sqft
2020-03-01 0 days 1,935 sqft
2020-04-01 0 days 1,957 sqft
2020-05-01 0 days 1,945 sqft
2020-06-01 0 days 1,918 sqft
2020-07-01 0 days 1,896 sqft
2020-08-01 0 days 1,941 sqft
2020-09-01 0 days 1,913 sqft
2020-10-01 0 days 1,944 sqft
2020-11-01 0 days 1,946 sqft
2020-12-01 0 days 1,936 sqft
2021-01-01 0 days 1,975 sqft
2021-02-01 0 days 1,990 sqft
2021-03-01 0 days 1,900 sqft
2021-04-01 0 days 1,998 sqft
2021-05-01 0 days 2,000 sqft
2021-06-01 0 days 2,046 sqft
2021-07-01 0 days 1,944 sqft
2021-08-01 0 days 1,933 sqft
2021-09-01 0 days 1,920 sqft
2021-10-01 0 days 1,831 sqft
2021-11-01 0 days 1,927 sqft
2021-12-01 0 days 1,808 sqft
2022-01-01 0 days 1,930 sqft
2022-02-01 0 days 1,897 sqft
2022-03-01 0 days 1,958 sqft
2022-04-01 0 days 1,924 sqft
2022-05-01 0 days 1,952 sqft
2022-06-01 0 days 1,930 sqft
2022-07-01 0 days 1,892 sqft
2022-08-01 0 days 1,923 sqft
2022-09-01 0 days 1,939 sqft
2022-10-01 0 days 1,917 sqft
2022-11-01 0 days 1,929 sqft
2022-12-01 0 days 1,730 sqft
2023-01-01 0 days 1,799 sqft
2023-02-01 0 days 1,945 sqft
2023-03-01 0 days 1,912 sqft
2023-04-01 0 days 2,038 sqft
2023-05-01 0 days 2,290 sqft
2023-06-01 0 days 2,055 sqft
2023-07-01 0 days 2,179 sqft
2023-08-01 0 days 2,252 sqft
2023-09-01 0 days 2,172 sqft
2023-10-01 0 days 2,147 sqft
2023-11-01 0 days 2,122 sqft
Meridian's median listing age (time on market) for 2023-11-01 was 0 days.

Meridian's median square footage for active listings during the 2023-11-01 period was 2,122 sqft. One year prior, the average listing was 1,929 sqft.

Meridian, MS Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 803 $191,025,000 $237,889
Refi 277 $49,245,000 $177,780
Cash Out Refi 118 $21,530,000 $182,458
Other 70 $5,820,000 $83,143
Home Improvement 66 $6,200,000 $93,939

Meridian's most frequently cited loan purpose was Home Purchase, with 803 originations. The 2nd most popular reason was Refi, with 277 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 283 $47,565,000 $168,074
3-4% 256 $46,020,000 $179,766
4-5% 248 $115,100,000 $464,113
6-7% 139 $19,185,000 $138,022
<2.5% 94 $6,860,000 $72,979
2.5-3% 77 $13,105,000 $170,195
7-8% 73 $8,255,000 $113,082
Over 8% 68 $5,400,000 $79,412

During 2022, Meridian's most frequently originated rate bucket was 5-6%, with 283 originations.

Loan Sizing (Meridian, MS MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 557 $31,355,000 $56,293
$100k-200k 421 $62,085,000 $147,470
$200k-400k 315 $83,695,000 $265,698
$400k-600k 25 $11,925,000 $477,000
$600k-1000k 9 $6,915,000 $768,333
$Over $1MM 7 $77,845,000 $11,120,714

Meridian's loan sizing saw the bucket of loans from $100,000 or less with 557 originations, totaling $31,355,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 631 $122,365,000 $193,922
60-80% 256 $38,670,000 $151,055
40-60% 112 $64,420,000 $575,179
Under 20% 102 $17,530,000 $171,863
20-40% 78 $6,950,000 $89,103
Over 100% 41 $9,485,000 $231,341

Meridian's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 631 originations, totaling $122,365,000 in origination value.