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 7.2% for the week of 2024-05-16, compared to the national average of 7.02% for the same period.

The average rate for the prior week (2024-05-09) was 7.17% and one month ago for the week of 2024-04-11, the average rate was 7.16%.

Meridian's average rate one year ago was 6.73%.

For refis of the same type during the week of 2024-05-16, the average rate was 7.32%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-05-16 7.02%
Meridian 30 Year Fixed Rate 2024-05-16 7.2%
Meridian 30 Year Fixed Rate Refi 2024-05-16 7.32%
Meridian 15 Year Fixed Rate 2024-05-16 6.08%
Meridian 15 Year Fixed Rate Refi 2024-05-16 6.68%
Meridian 30 Year FHA 2024-05-16 6.76%
Meridian 30 Year FHA Refi 2024-05-16 6.94%
Meridian 30 Year USDA 2024-05-16 6.85%
Meridian 30 Year USDA Refi 2024-05-16 6.65%
Meridian 30 Year VA 2024-05-16 6.62%
Meridian 30 Year VA Refi 2024-05-16 6.3%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
The Citizens National Bank of Meridian 40 7.05% $2,807
Trustmark National Bank 21 6.56% $4,571
QUICKEN LOANS, LLC 14 6.84% $6,520
Community Bank of Mississippi 9 6.88% $4,562
NAVY FEDERAL CREDIT UNION 8 7.16% $4,401
Regions Bank 8 7.52% $3,827
BankPlus 8 7.39% $2,997
Renasant Bank 7 6.84% $4,187
USAA Federal Savings Bank 4 6.88% $4,593
Stifel Bank and Trust 3 6.00% $1,973
JPMorgan Chase Bank 3 6.83% $2,357
FIRST COMMUNITY MORTGAGE, INC. 3 6.50% $5,361
MORTGAGE INVESTORS GROUP, INC. 3 6.17% $3,989
CROSSCOUNTRY MORTGAGE, LLC 2 6.63% $7,433
21ST MORTGAGE CORPORATION 2 7.98% $6,129
FirstBank 2 9.34% $4,359
GUARANTY HOME MORTGAGE CORPORATION 2 6.56% $5,212
Mortgage Research Center, LLC 2 6.56% $4,359
Mr. Cooper ( Nationstar Mortgage ) 2 6.68% $11,332
NEWREZ LLC 2 7.06% $4,024
Wells Fargo Bank 2 5.50% $2,467
AMERISAVE MORTGAGE CORPORATION 1 5.88% $6,696
ACOPIA, LLC 1 8.25% $4,356
Deere Employees Credit Union 1 6.50% $4,365
NBKC BANK 1 6.13% $7,241
NETWORK CAPITAL FUNDING CORPORATION 1 6.25% $5,095
ZILLOW HOME LOANS, LLC 1 7.25% $4,325
PENNYMAC LOAN SERVICES, LLC 1 6.50% $7,248
Princeton Mortgage Corporation 1 6.88% $6,724
Citizens Bank 1 6.13% $4,042
CHURCHILL MORTGAGE CORPORATION 1 5.75% $3,938
CHEVRON 1 6.13% $0
ROYAL UNITED MORTGAGE LLC 1 6.50% $7,772
SOUTHWEST STAGE FUNDING, LLC 1 7.29% $5,921
Bank of America 1 7.63% $6,799
BancorpSouth 1 5.88% $4,365
The Huntington National Bank 1 5.60% $4,392
TOWNE MORTGAGE COMPANY 1 8.38% $4,860
HOPE FEDERAL CREDIT UNION 1 6.50% $4,811
Great Southern Bank 1 7.50% $4,297
MORTGAGE ACCESS CORP. 1 5.75% $7,326
DRAPER AND KRAMER MORTGAGE CORP. 1 7.88% $6,195

Meridian Average Closing Costs & Other Stats

Meridian, MS's 42 lenders originated 1,054 loans during 2023. The total origination value was $147,260,000, with an average loan value of $139,715.

Meridian's average closing costs are $5,033.

The top Meridian lender as defined by loan originations is The Citizens National Bank of Meridian, with 40 loans originated. Their average total fees are $2,807, which is $1,764 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 ($2,807), Trustmark National Bank ($4,571), QUICKEN LOANS, LLC ($6,520), .

The lowest rate Meridian lenders (with over 10 loans originated) are Trustmark National Bank (6.56%), QUICKEN LOANS, LLC (6.84%), The Citizens National Bank of Meridian (7.05%), .

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Trustmark National Bank $37,365,000 $25,275,000 -32.4% 17.2%
The Citizens National Bank of Meridian $20,165,000 $18,130,000 -10.1% 12.3%
Community Bank of Mississippi $17,205,000 $17,510,000 1.8% 11.9%
Mortgage Research Center, LLC $11,945,000 $6,725,000 -43.7% 4.6%
QUICKEN LOANS, LLC $10,680,000 $6,385,000 -40.2% 4.3%
Great Southern Bank $9,920,000 $6,010,000 -39.4% 4.1%
BankPlus $9,770,000 $5,905,000 -39.6% 4.0%
NAVY FEDERAL CREDIT UNION $3,870,000 $5,855,000 51.3% 4.0%
Regions Bank $7,390,000 $5,260,000 -28.8% 3.6%
Renasant Bank $6,895,000 $4,005,000 -41.9% 2.7%
21ST MORTGAGE CORPORATION $2,800,000 $3,975,000 42.0% 2.7%
TRIAD FINANCIAL SERVICES, INC. $2,230,000 $2,205,000 -1.1% 1.5%
MORTGAGE INVESTORS GROUP, INC. $5,290,000 $2,110,000 -60.1% 1.4%
KEESLER $275,000 $2,005,000 629.1% 1.4%
CROSSCOUNTRY MORTGAGE, LLC $365,000 $1,710,000 368.5% 1.2%
SOUTHWEST STAGE FUNDING, LLC $775,000 $1,325,000 71.0% 0.9%
CIS Financial Services, Inc. $105,000 $1,245,000 1,085.7% 0.8%
Mr. Cooper ( Nationstar Mortgage ) $1,360,000 $1,160,000 -14.7% 0.8%
BankFirst Financial Services $1,975,000 $1,090,000 -44.8% 0.7%
The Citizens Bank of Philadelphia, Mississippi $1,950,000 $1,055,000 -45.9% 0.7%
FIRST COMMUNITY MORTGAGE, INC. $2,805,000 $1,025,000 -63.5% 0.7%
Barrington Bank & Trust Company, N.A. $1,905,000 $995,000 -47.8% 0.7%
TOWNE MORTGAGE COMPANY $2,010,000 $985,000 -51.0% 0.7%
GUILD MORTGAGE COMPANY $955,000 n/a 0.6%
NBKC BANK $950,000 n/a 0.6%
AMERISAVE MORTGAGE CORPORATION $1,585,000 $855,000 -46.1% 0.6%
USAA Federal Savings Bank $2,395,000 $840,000 -64.9% 0.6%
FREEDOM MORTGAGE CORPORATION $860,000 $835,000 -2.9% 0.6%
NEW DAY FINANCIAL, LLC $1,890,000 $805,000 -57.4% 0.5%
LOANDEPOT.COM, LLC $1,725,000 $785,000 -54.5% 0.5%
Bank of England $765,000 n/a 0.5%
ROYAL UNITED MORTGAGE LLC $65,000 $765,000 1,076.9% 0.5%
CORNERSTONE HOME LENDING, INC. $750,000 n/a 0.5%
Stifel Bank and Trust $525,000 $745,000 41.9% 0.5%
UNITED WHOLESALE MORTGAGE, LLC $730,000 $700,000 -4.1% 0.5%
BancorpSouth $1,510,000 $675,000 -55.3% 0.5%
PENNYMAC LOAN SERVICES, LLC $1,845,000 $585,000 -68.3% 0.4%
BROKER SOLUTIONS, INC. $585,000 $530,000 -9.4% 0.4%
JPMorgan Chase Bank $960,000 $525,000 -45.3% 0.4%
The Federal Savings Bank $415,000 $515,000 24.1% 0.3%
CSL Financial, LLC $1,150,000 $500,000 -56.5% 0.3%
PENTAGON FEDERAL CREDIT UNION $235,000 $500,000 112.8% 0.3%
ZILLOW HOME LOANS, LLC $480,000 n/a 0.3%
Wells Fargo Bank $2,660,000 $460,000 -82.7% 0.3%
Merchants & Marine Bank $400,000 $420,000 5.0% 0.3%
NEWREZ LLC $845,000 $400,000 -52.7% 0.3%
VANDERBILT MORTGAGE AND FINANCE, INC. $150,000 $400,000 166.7% 0.3%
Bank of America $115,000 $370,000 221.7% 0.3%
STOCKTON MORTGAGE CORPORATION $370,000 $345,000 -6.8% 0.2%
AMERICAN FINANCIAL RESOURCES, INC. $340,000 n/a 0.2%
MORTGAGE ACCESS CORP. $305,000 $335,000 9.8% 0.2%
FirstBank $865,000 $320,000 -63.0% 0.2%
Mid-Continent Funding, Inc. $320,000 n/a 0.2%
SUN WEST MORTGAGE COMPANY, INC. $310,000 n/a 0.2%
SUPERIOR CHOICE $310,000 n/a 0.2%
The Huntington National Bank $305,000 n/a 0.2%
Princeton Mortgage Corporation $285,000 n/a 0.2%
OPEN MORTGAGE, LLC $620,000 $275,000 -55.6% 0.2%
FIRST COLONY MORTGAGE CORPORATION $265,000 n/a 0.2%
GUARANTY HOME MORTGAGE CORPORATION $1,305,000 $265,000 -79.7% 0.2%
Evolve Bank & Trust $245,000 n/a 0.2%
United Community Bank $690,000 $245,000 -64.5% 0.2%
HOMEXPRESS MORTGAGE CORP. $240,000 n/a 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $320,000 $235,000 -26.6% 0.2%
CARDINAL FINANCIAL $115,000 $230,000 100.0% 0.2%
CHURCHILL MORTGAGE CORPORATION $530,000 $220,000 -58.5% 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $400,000 $215,000 -46.3% 0.1%
CHEVRON $205,000 n/a 0.1%
Discover Bank $190,000 $190,000 0.0% 0.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $265,000 $175,000 -34.0% 0.1%
GUARANTEED RATE, INC. $285,000 $175,000 -38.6% 0.1%
RIVERTRUST Federal Credit Union $215,000 $175,000 -18.6% 0.1%
Coastal Community Bank $160,000 n/a 0.1%
Deere Employees Credit Union $135,000 n/a 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $135,000 n/a 0.1%
Citizens Bank $145,000 $125,000 -13.8% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $310,000 $125,000 -59.7% 0.1%
ACOPIA, LLC $115,000 n/a 0.1%
FINANCE OF AMERICA REVERSE LLC $115,000 n/a 0.1%
HOMESIDE FINANCIAL, LLC $550,000 $115,000 -79.1% 0.1%
HOPE FEDERAL CREDIT UNION $315,000 $115,000 -63.5% 0.1%
NETWORK CAPITAL FUNDING CORPORATION $105,000 n/a 0.1%
RELIANCE FIRST CAPITAL, LLC $75,000 $105,000 40.0% 0.1%
The First, A National Banking Association $215,000 $100,000 -53.5% 0.1%
Brighton Bank $95,000 n/a 0.1%
EMBRACE HOME LOANS, INC. $185,000 $95,000 -48.6% 0.1%
LAKEVIEW LOAN SERVICING, LLC $310,000 $95,000 -69.4% 0.1%
Merchants & Planters Bank $95,000 n/a 0.1%
VELOCITY COMMERCIAL CAPITAL, LLC $95,000 n/a 0.1%
COUNTRYPLACE MORTGAGE, LTD. $435,000 $85,000 -80.5% 0.1%
Flagstar Bank, FSB $455,000 $85,000 -81.3% 0.1%
SWBC MORTGAGE CORPORATION $85,000 n/a 0.1%
DRAPER AND KRAMER MORTGAGE CORP. $75,000 n/a 0.1%
Platinum Home Mortgage Corporation $75,000 n/a 0.1%
Great Southern Bank $9,920,000 $65,000 -99.3% 0.0%
South State Bank $125,000 $65,000 -48.0% 0.0%
CU COMMUNITY, LLC $55,000 n/a 0.0%
Fifth Third Bank $55,000 n/a 0.0%
Signature Federal Credit Union $55,000 n/a 0.0%
The Bank of Forest $55,000 n/a 0.0%
POWERCO $35,000 n/a 0.0%
SUNBELT Federal Credit Union $25,000 n/a 0.0%

Meridian's top lender by overall market share is Trustmark National Bank, with 17.2% market share. In second place, with 12.3%, is The Citizens National Bank of Meridian, having originated $18,130,000 in loans. In third place, with 11.9%, is Community Bank of Mississippi, having originated $17,510,000 in loans. In fourth place, with 4.6%, is Mortgage Research Center, LLC, having originated $6,725,000 in loans. In fifth place, with 4.3%, is QUICKEN LOANS, LLC, having originated $6,385,000 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 $138,800 (6.8%) $188,600 (9.2%) 0.00 416
2018-02-01 $133,625 (8.9%) $184,124 (8.0%) 0.00 411
2018-03-01 $136,500 (7.1%) $181,762 (4.2%) 0.00 401
2018-04-01 $143,750 (6.5%) $190,515 (2.2%) 0.00 385
2018-05-01 $147,500 (9.6%) $195,608 (3.0%) 0.00 383
2018-06-01 $142,000 (3.9%) $194,521 (1.4%) 0.00 398
2018-07-01 $144,250 (1.9%) $191,886 (0.2%) 0.00 410
2018-08-01 $153,250 (5.2%) $190,583 (-1.6%) 0.00 402
2018-09-01 $152,500 (6.3%) $193,671 (-1.2%) 0.00 402
2018-10-01 $140,625 (-5.8%) $185,637 (-4.3%) 0.00 410
2018-11-01 $148,500 (0.2%) $181,137 (-6.4%) 0.00 386
2018-12-01 $147,000 (4.3%) $176,421 (-7.9%) 0.00 372
2019-01-01 $145,500 (4.8%) $177,478 (-5.9%) 0.00 360
2019-02-01 $149,000 (11.5%) $176,743 (-4.0%) 0.00 364
2019-03-01 $146,543 (7.4%) $177,445 (-2.4%) 0.00 366
2019-04-01 $147,818 (2.8%) $180,671 (-5.2%) 0.00 360
2019-05-01 $144,725 (-1.9%) $188,018 (-3.9%) 0.00 350
2019-06-01 $151,800 (6.9%) $194,988 (0.2%) 0.00 365
2019-07-01 $156,600 (8.6%) $196,464 (2.4%) 0.00 365
2019-08-01 $153,427 (0.1%) $193,330 (1.4%) 0.00 352
2019-09-01 $145,818 (-4.4%) $189,665 (-2.1%) 0.00 336
2019-10-01 $139,450 (-0.8%) $187,138 (0.8%) 0.00 323
2019-11-01 $139,450 (-6.1%) $192,199 (6.1%) 0.00 298
2019-12-01 $138,750 (-5.6%) $191,141 (8.3%) 0.00 291
2020-01-01 $133,500 (-8.3%) $191,425 (7.9%) 0.00 284
2020-02-01 $129,000 (-13.4%) $192,462 (8.9%) 0.00 285
2020-03-01 $129,350 (-11.7%) $185,617 (4.6%) 0.00 288
2020-04-01 $136,850 (-7.4%) $198,690 (10.0%) 0.00 278
2020-05-01 $129,000 (-10.9%) $185,505 (-1.3%) 0.00 258
2020-06-01 $127,950 (-15.7%) $184,083 (-5.6%) 0.00 227
2020-07-01 $127,225 (-18.8%) $180,939 (-7.9%) 0.00 207
2020-08-01 $134,000 (-12.7%) $185,880 (-3.9%) 0.00 194
2020-09-01 $139,500 (-4.3%) $183,212 (-3.4%) 0.00 188
2020-10-01 $150,000 (7.6%) $195,675 (4.6%) 0.00 190
2020-11-01 $164,700 (18.1%) $196,614 (2.3%) 0.00 189
2020-12-01 $149,925 (8.1%) $189,734 (-0.7%) 0.00 191
2021-01-01 $169,700 (27.1%) $195,079 (1.9%) 0.00 168
2021-02-01 $168,100 (30.3%) $194,165 (0.9%) 0.00 135
2021-03-01 $164,500 (27.2%) $186,581 (0.5%) 0.00 119
2021-04-01 $151,000 (10.3%) $192,000 (-3.4%) 0.00 115
2021-05-01 $150,000 (16.3%) $198,830 (7.2%) 0.00 110
2021-06-01 $154,450 (20.7%) $211,725 (15.0%) 0.00 107
2021-07-01 $154,500 (21.4%) $210,002 (16.1%) 0.00 102
2021-08-01 $159,450 (19.0%) $204,959 (10.3%) 0.00 114
2021-09-01 $149,800 (7.4%) $210,938 (15.1%) 0.00 109
2021-10-01 $149,900 (-0.1%) $207,545 (6.1%) 0.00 117
2021-11-01 $159,500 (-3.2%) $236,151 (20.1%) 0.00 113
2021-12-01 $147,175 (-1.8%) $233,163 (22.9%) 0.00 106
2022-01-01 $140,000 (-17.5%) $235,162 (20.6%) 0.00 95
2022-02-01 $154,700 (-8.0%) $242,838 (25.1%) 0.00 85
2022-03-01 $165,000 (0.3%) $254,197 (36.2%) 0.00 85
2022-04-01 $160,000 (6.0%) $247,263 (28.8%) 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 (10.0%) $262,376 (24.9%) 0.00 114
2022-08-01 $176,675 (10.8%) $270,855 (32.2%) 0.00 123
2022-09-01 $174,300 (16.4%) $269,545 (27.8%) 0.00 116
2022-10-01 $157,000 (4.7%) $241,067 (16.2%) 0.00 124
2022-11-01 $162,100 (1.6%) $247,096 (4.6%) 0.00 130
2022-12-01 $152,500 (3.6%) $236,074 (1.3%) 0.00 126
2023-01-01 $158,000 (12.9%) $256,383 (9.0%) 0.00 120
2023-02-01 $147,350 (-4.8%) $272,307 (12.1%) 0.00 116
2023-03-01 $143,750 (-12.9%) $292,627 (15.1%) 0.00 91
2023-04-01 $177,200 (10.8%) $296,235 (19.8%) 0.00 97
2023-05-01 $192,700 (1.9%) $302,410 (12.9%) 0.00 97
2023-06-01 $187,450 (2.9%) $290,182 (8.3%) 0.00 101
2023-07-01 $213,750 (25.7%) $287,257 (9.5%) 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
2023-12-01 $187,250 (22.8%) $269,861 (14.3%) 0.00 147
2024-01-01 $169,950 (7.6%) $254,970 (-0.6%) 0.00 155
2024-02-01 $167,000 (13.3%) $246,481 (-9.5%) 0.00 145
2024-03-01 $169,950 (18.2%) $250,464 (-14.4%) 0.00 150
2024-04-01 $175,000 (-1.2%) $265,624 (-10.3%) 0.00 146
Meridian's median listing price for 2024-04-01 was $175,000, a difference of $-2,200 (-1.2%) versus the prior year and $5,050 versus the prior month.

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

Meridian's average listing price for 2024-04-01 was $265,624, a difference of $-30,611 (-10.3%) versus the prior year and $15,160 versus the prior month.

For the 2024-04-01 period, Meridian had 146 MLS listings, a difference of -4 listings (-3%) versus the prior month and 49 listings (51%) 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 1,950 sqft
2018-02-01 0 days 1,943 sqft
2018-03-01 0 days 1,943 sqft
2018-04-01 0 days 1,954 sqft
2018-05-01 0 days 1,981 sqft
2018-06-01 0 days 1,999 sqft
2018-07-01 0 days 1,981 sqft
2018-08-01 0 days 1,974 sqft
2018-09-01 0 days 1,954 sqft
2018-10-01 0 days 1,944 sqft
2018-11-01 0 days 1,934 sqft
2018-12-01 0 days 1,914 sqft
2019-01-01 0 days 1,914 sqft
2019-02-01 0 days 1,913 sqft
2019-03-01 0 days 1,935 sqft
2019-04-01 0 days 1,965 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 1,953 sqft
2019-09-01 0 days 1,963 sqft
2019-10-01 0 days 1,964 sqft
2019-11-01 0 days 1,972 sqft
2019-12-01 0 days 1,951 sqft
2020-01-01 0 days 1,928 sqft
2020-02-01 0 days 1,887 sqft
2020-03-01 0 days 1,935 sqft
2020-04-01 0 days 1,953 sqft
2020-05-01 0 days 1,943 sqft
2020-06-01 0 days 1,918 sqft
2020-07-01 0 days 1,896 sqft
2020-08-01 0 days 1,938 sqft
2020-09-01 0 days 1,908 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 1,916 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 1,972 sqft
2021-08-01 0 days 1,943 sqft
2021-09-01 0 days 1,928 sqft
2021-10-01 0 days 1,837 sqft
2021-11-01 0 days 1,929 sqft
2021-12-01 0 days 1,819 sqft
2022-01-01 0 days 1,932 sqft
2022-02-01 0 days 1,902 sqft
2022-03-01 0 days 1,965 sqft
2022-04-01 0 days 1,926 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 1,919 sqft
2023-04-01 0 days 2,050 sqft
2023-05-01 0 days 2,296 sqft
2023-06-01 0 days 2,121 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
2023-12-01 0 days 2,040 sqft
2024-01-01 0 days 1,997 sqft
2024-02-01 0 days 1,946 sqft
2024-03-01 0 days 1,934 sqft
2024-04-01 0 days 1,951 sqft
Meridian's median listing age (time on market) for 2024-04-01 was 0 days.

Meridian's median square footage for active listings during the 2024-04-01 period was 1,951 sqft. One year prior, the average listing was 2,050 sqft.

Meridian, MS Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 639 $105,535,000 $165,156
Refi 192 $21,400,000 $111,458
Other 93 $6,955,000 $74,785
Cash Out Refi 70 $10,390,000 $148,429
Home Improvement 60 $2,980,000 $49,667

Meridian's most frequently cited loan purpose was Home Purchase, with 639 originations. The 2nd most popular reason was Refi, with 192 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 280 $48,350,000 $172,679
Over 8% 276 $24,590,000 $89,094
7-8% 218 $32,880,000 $150,826
5-6% 146 $28,600,000 $195,890
<2.5% 42 $1,710,000 $40,714
4-5% 23 $3,155,000 $137,174
3-4% 3 $355,000 $118,333
2.5-3% 3 $205,000 $68,333

During 2023, Meridian's most frequently originated rate bucket was 6-7%, with 280 originations.

Loan Sizing (Meridian, MS MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 481 $25,715,000 $53,462
$100k-200k 328 $46,870,000 $142,896
$200k-400k 221 $58,875,000 $266,403
$400k-600k 14 $6,350,000 $453,571
$600k-1000k 8 $6,100,000 $762,500
$Over $1MM 2 $3,350,000 $1,675,000

Meridian's loan sizing saw the bucket of loans from $100,000 or less with 481 originations, totaling $25,715,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 491 $85,025,000 $173,167
60-80% 166 $26,920,000 $162,169
Under 20% 107 $2,845,000 $26,589
20-40% 100 $7,660,000 $76,600
40-60% 89 $10,215,000 $114,775
Over 100% 30 $6,640,000 $221,333

Meridian's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 491 originations, totaling $85,025,000 in origination value.