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 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%
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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
The Citizens National Bank of Meridian 38 6.87% $2,803
Trustmark National Bank 18 6.51% $4,895
QUICKEN LOANS, LLC 14 6.69% $5,748
BankPlus 9 7.61% $2,652
NAVY FEDERAL CREDIT UNION 7 7.07% $5,332
Regions Bank 6 7.00% $3,161
Community Bank of Mississippi 6 6.80% $4,134
FIRST COMMUNITY MORTGAGE, INC. 6 6.52% $7,454
JPMorgan Chase Bank 3 6.71% $1,097
Wells Fargo Bank 3 6.75% $6,410
Stifel Bank and Trust 3 6.58% $3,308
21ST MORTGAGE CORPORATION 2 8.50% $5,929
CU COMMUNITY, LLC 2 6.69% $5,537
HOPE FEDERAL CREDIT UNION 2 6.38% $3,983
Magnolia Bank 2 6.56% $4,624
Mr. Cooper ( Nationstar Mortgage ) 2 7.31% $8,011
Renasant Bank 2 6.56% $5,905
ROYAL UNITED MORTGAGE LLC 2 7.00% $6,447
U.S. Bank 2 7.81% $3,379
ZILLOW HOME LOANS, LLC 2 6.94% $3,681
NBKC BANK 1 6.88% $3,817
OPEN MORTGAGE, LLC 1 6.49% $4,013
Ixonia Bank 1 6.63% $7,374
INTOUCH CREDIT UNION 1 5.50% $4,549
USAA Federal Savings Bank 1 7.13% $13,763
AMERISAVE MORTGAGE CORPORATION 1 7.63% $6,023
DEEPHAVEN MORTGAGE LLC 1 9.88% $13,899
BROKER SOLUTIONS, INC. 1 7.63% $6,586
The Dart Bank 1 7.63% $3,487
TRIAD FINANCIAL SERVICES, INC. 1 10.95% $7,505
BancorpSouth 1 6.13% $4,930
Mortgage Research Center, LLC 1 6.63% $852
MOVEMENT MORTGAGE, LLC 1 6.63% $4,212
UNITED WHOLESALE MORTGAGE, LLC 1 6.63% $7,557
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.13% $15,035
MORTGAGE INVESTORS GROUP, INC. 1 7.63% $5,402

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.