Meridian Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Meridian averaged 7.15% for the week of 2025-02-13, compared to the national average of 6.87% for the same period.

    The average rate for the prior week (2025-02-06) was 6.97% and one month ago for the week of 2025-01-09, the average rate was 7.01%.

    Meridian's average rate one year ago was 6.82%.

    For refis of the same type during the week of 2025-02-13, the average rate was 6.87%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-02-13 6.87%
    Meridian 30 Year Fixed Rate 2025-02-13 7.15%
    Meridian 30 Year Fixed Rate Refi 2025-02-13 6.87%
    Meridian 15 Year Fixed Rate 2025-02-13 6.19%
    Meridian 15 Year Fixed Rate Refi 2025-02-13 5.99%
    Meridian 30 Year FHA 2025-02-13 6.33%
    Meridian 30 Year FHA Refi 2025-02-13 6.52%
    Meridian 30 Year USDA 2025-02-13 6.73%
    Meridian 30 Year USDA Refi 2025-02-13 6.73%
    Meridian 30 Year VA 2025-02-13 6.55%
    Meridian 30 Year VA Refi 2025-02-13 6.53%
    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 $138,900 (5.7%) $189,228 (9.0%) 0.00 406
    2018-02-01 $135,500 (9.3%) $184,958 (7.7%) 0.00 403
    2018-03-01 $137,000 (5.6%) $183,050 (4.4%) 0.00 391
    2018-04-01 $144,750 (4.9%) $192,031 (2.2%) 0.00 375
    2018-05-01 $149,000 (10.4%) $197,166 (3.0%) 0.00 374
    2018-06-01 $146,000 (5.7%) $196,166 (1.3%) 0.00 388
    2018-07-01 $149,000 (2.8%) $193,693 (-0.1%) 0.00 399
    2018-08-01 $155,000 (5.2%) $192,548 (-1.6%) 0.00 391
    2018-09-01 $155,000 (5.1%) $196,520 (-0.6%) 0.00 391
    2018-10-01 $145,750 (-2.6%) $188,281 (-3.5%) 0.00 398
    2018-11-01 $152,500 (2.7%) $183,026 (-5.9%) 0.00 375
    2018-12-01 $149,000 (5.7%) $177,951 (-7.5%) 0.00 361
    2019-01-01 $148,125 (6.6%) $178,767 (-5.5%) 0.00 350
    2019-02-01 $149,925 (10.7%) $178,307 (-3.6%) 0.00 353
    2019-03-01 $149,000 (8.8%) $179,242 (-2.1%) 0.00 355
    2019-04-01 $149,000 (2.9%) $182,516 (-5.0%) 0.00 350
    2019-05-01 $145,950 (-2.1%) $189,349 (-4.0%) 0.00 343
    2019-06-01 $155,000 (6.2%) $197,298 (0.6%) 0.00 356
    2019-07-01 $157,825 (5.9%) $197,978 (2.2%) 0.00 356
    2019-08-01 $153,782 (-0.8%) $194,529 (1.0%) 0.00 343
    2019-09-01 $146,030 (-5.8%) $190,182 (-3.2%) 0.00 326
    2019-10-01 $139,950 (-4.0%) $187,365 (-0.5%) 0.00 313
    2019-11-01 $139,900 (-8.3%) $193,732 (5.9%) 0.00 288
    2019-12-01 $139,900 (-6.1%) $191,764 (7.8%) 0.00 280
    2020-01-01 $135,250 (-8.7%) $192,230 (7.5%) 0.00 272
    2020-02-01 $132,200 (-11.8%) $193,375 (8.5%) 0.00 274
    2020-03-01 $132,350 (-11.2%) $189,808 (5.9%) 0.00 275
    2020-04-01 $140,700 (-5.6%) $203,325 (11.4%) 0.00 263
    2020-05-01 $139,000 (-4.8%) $191,006 (0.9%) 0.00 241
    2020-06-01 $131,125 (-15.4%) $190,420 (-3.5%) 0.00 212
    2020-07-01 $129,375 (-18.0%) $186,483 (-5.8%) 0.00 195
    2020-08-01 $139,450 (-9.3%) $190,881 (-1.9%) 0.00 184
    2020-09-01 $146,175 (0.1%) $187,410 (-1.5%) 0.00 181
    2020-10-01 $155,250 (10.9%) $198,764 (6.1%) 0.00 184
    2020-11-01 $165,475 (18.3%) $199,057 (2.8%) 0.00 183
    2020-12-01 $149,950 (7.2%) $191,841 (0.0%) 0.00 186
    2021-01-01 $176,500 (30.5%) $199,601 (3.8%) 0.00 162
    2021-02-01 $172,450 (30.5%) $199,180 (3.0%) 0.00 128
    2021-03-01 $166,225 (25.6%) $191,455 (0.9%) 0.00 113
    2021-04-01 $161,750 (15.0%) $198,310 (-2.5%) 0.00 108
    2021-05-01 $162,500 (16.9%) $207,487 (8.6%) 0.00 101
    2021-06-01 $161,875 (23.5%) $219,644 (15.4%) 0.00 99
    2021-07-01 $165,000 (27.5%) $215,448 (15.5%) 0.00 95
    2021-08-01 $159,475 (14.4%) $209,279 (9.6%) 0.00 107
    2021-09-01 $152,200 (4.1%) $216,873 (15.7%) 0.00 103
    2021-10-01 $150,950 (-2.8%) $211,350 (6.3%) 0.00 109
    2021-11-01 $159,950 (-3.3%) $244,802 (23.0%) 0.00 106
    2021-12-01 $148,950 (-0.7%) $238,686 (24.4%) 0.00 99
    2022-01-01 $136,500 (-22.7%) $239,410 (19.9%) 0.00 89
    2022-02-01 $150,925 (-12.5%) $247,378 (24.2%) 0.00 81
    2022-03-01 $165,000 (-0.7%) $263,228 (37.5%) 0.00 79
    2022-04-01 $160,950 (-0.5%) $253,479 (27.8%) 0.00 67
    2022-05-01 $189,900 (16.9%) $276,582 (33.3%) 0.00 74
    2022-06-01 $185,750 (14.8%) $277,857 (26.5%) 0.00 83
    2022-07-01 $165,000 (0.0%) $237,654 (10.3%) 0.00 105
    2022-08-01 $174,425 (9.4%) $242,231 (15.8%) 0.00 112
    2022-09-01 $173,700 (14.1%) $242,187 (11.7%) 0.00 105
    2022-10-01 $159,500 (5.7%) $213,191 (0.9%) 0.00 111
    2022-11-01 $162,000 (1.3%) $217,299 (-11.2%) 0.00 121
    2022-12-01 $144,000 (-3.3%) $200,894 (-15.8%) 0.00 116
    2023-01-01 $157,000 (15.0%) $222,991 (-6.9%) 0.00 111
    2023-02-01 $147,225 (-2.5%) $234,909 (-5.0%) 0.00 109
    2023-03-01 $141,250 (-14.4%) $249,186 (-5.3%) 0.00 85
    2023-04-01 $179,500 (11.5%) $253,605 (0.1%) 0.00 91
    2023-05-01 $192,700 (1.5%) $262,043 (-5.3%) 0.00 89
    2023-06-01 $194,725 (4.8%) $252,156 (-9.3%) 0.00 92
    2023-07-01 $213,750 (29.6%) $255,689 (7.6%) 0.00 116
    2023-08-01 $230,275 (32.0%) $254,070 (4.9%) 0.00 124
    2023-09-01 $192,500 (10.8%) $241,962 (-0.1%) 0.00 118
    2023-10-01 $210,000 (31.7%) $247,764 (16.2%) 0.00 125
    2023-11-01 $191,200 (18.0%) $238,784 (9.9%) 0.00 131
    2023-12-01 $187,250 (30.0%) $237,449 (18.2%) 0.00 141
    2024-01-01 $171,750 (9.4%) $223,685 (0.3%) 0.00 149
    2024-02-01 $167,450 (13.7%) $212,791 (-9.4%) 0.00 135
    2024-03-01 $172,500 (22.1%) $214,156 (-14.1%) 0.00 142
    2024-04-01 $176,000 (-2.0%) $229,826 (-9.4%) 0.00 136
    2024-05-01 $191,100 (-0.8%) $243,518 (-7.1%) 0.00 124
    2024-06-01 $179,950 (-7.6%) $237,013 (-6.0%) 0.00 128
    2024-07-01 $177,675 (-16.9%) $237,385 (-7.2%) 0.00 133
    2024-08-01 $184,500 (-19.9%) $267,207 (5.2%) 0.00 128
    2024-09-01 $197,400 (2.6%) $273,567 (13.1%) 0.00 138
    2024-10-01 $206,750 (-1.6%) $275,116 (11.0%) 0.00 148
    2024-11-01 $179,500 (-6.1%) $255,242 (6.9%) 0.00 166
    2024-12-01 $164,250 (-12.3%) $241,540 (1.7%) 0.00 146
    2025-01-01 $159,450 (-7.2%) $247,167 (10.5%) 0.00 129
    Meridian's median listing price for 2025-01-01 was $159,450, a difference of $-12,300 (-7.2%) versus the prior year and $-4,800 versus the prior month.

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

    Meridian's average listing price for 2025-01-01 was $247,167, a difference of $23,482 (10.5%) versus the prior year and $5,627 versus the prior month.

    For the 2025-01-01 period, Meridian had 129 MLS listings, a difference of -17 listings (-12%) versus the prior month and -20 listings (-13%) 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 1,953 sqft
    2018-02-01 0 days 1,944 sqft
    2018-03-01 0 days 1,944 sqft
    2018-04-01 0 days 1,960 sqft
    2018-05-01 0 days 1,979 sqft
    2018-06-01 0 days 1,997 sqft
    2018-07-01 0 days 1,978 sqft
    2018-08-01 0 days 1,975 sqft
    2018-09-01 0 days 1,957 sqft
    2018-10-01 0 days 1,944 sqft
    2018-11-01 0 days 1,934 sqft
    2018-12-01 0 days 1,913 sqft
    2019-01-01 0 days 1,914 sqft
    2019-02-01 0 days 1,914 sqft
    2019-03-01 0 days 1,939 sqft
    2019-04-01 0 days 1,971 sqft
    2019-05-01 0 days 1,981 sqft
    2019-06-01 0 days 2,039 sqft
    2019-07-01 0 days 1,987 sqft
    2019-08-01 0 days 1,965 sqft
    2019-09-01 0 days 1,969 sqft
    2019-10-01 0 days 1,971 sqft
    2019-11-01 0 days 1,989 sqft
    2019-12-01 0 days 1,963 sqft
    2020-01-01 0 days 1,942 sqft
    2020-02-01 0 days 1,910 sqft
    2020-03-01 0 days 1,950 sqft
    2020-04-01 0 days 1,981 sqft
    2020-05-01 0 days 1,966 sqft
    2020-06-01 0 days 1,951 sqft
    2020-07-01 0 days 1,945 sqft
    2020-08-01 0 days 1,950 sqft
    2020-09-01 0 days 1,940 sqft
    2020-10-01 0 days 1,946 sqft
    2020-11-01 0 days 1,951 sqft
    2020-12-01 0 days 1,941 sqft
    2021-01-01 0 days 2,000 sqft
    2021-02-01 0 days 2,065 sqft
    2021-03-01 0 days 2,010 sqft
    2021-04-01 0 days 2,024 sqft
    2021-05-01 0 days 2,059 sqft
    2021-06-01 0 days 2,087 sqft
    2021-07-01 0 days 2,013 sqft
    2021-08-01 0 days 2,010 sqft
    2021-09-01 0 days 1,958 sqft
    2021-10-01 0 days 1,905 sqft
    2021-11-01 0 days 1,940 sqft
    2021-12-01 0 days 1,900 sqft
    2022-01-01 0 days 1,942 sqft
    2022-02-01 0 days 1,928 sqft
    2022-03-01 0 days 2,000 sqft
    2022-04-01 0 days 1,937 sqft
    2022-05-01 0 days 1,959 sqft
    2022-06-01 0 days 1,948 sqft
    2022-07-01 0 days 1,902 sqft
    2022-08-01 0 days 1,948 sqft
    2022-09-01 0 days 1,977 sqft
    2022-10-01 0 days 1,966 sqft
    2022-11-01 0 days 1,925 sqft
    2022-12-01 0 days 1,728 sqft
    2023-01-01 0 days 1,784 sqft
    2023-02-01 0 days 1,883 sqft
    2023-03-01 0 days 1,838 sqft
    2023-04-01 0 days 2,023 sqft
    2023-05-01 0 days 2,285 sqft
    2023-06-01 0 days 2,039 sqft
    2023-07-01 0 days 2,177 sqft
    2023-08-01 0 days 2,231 sqft
    2023-09-01 0 days 2,165 sqft
    2023-10-01 0 days 2,143 sqft
    2023-11-01 0 days 2,112 sqft
    2023-12-01 0 days 2,016 sqft
    2024-01-01 0 days 1,994 sqft
    2024-02-01 0 days 1,949 sqft
    2024-03-01 0 days 1,934 sqft
    2024-04-01 0 days 1,952 sqft
    2024-05-01 0 days 1,999 sqft
    2024-06-01 0 days 1,976 sqft
    2024-07-01 0 days 1,935 sqft
    2024-08-01 0 days 1,955 sqft
    2024-09-01 0 days 1,989 sqft
    2024-10-01 0 days 2,050 sqft
    2024-11-01 0 days 1,979 sqft
    2024-12-01 0 days 1,982 sqft
    2025-01-01 0 days 2,027 sqft
    Meridian's median listing age (time on market) for 2025-01-01 was 0 days.

    Meridian's median square footage for active listings during the 2025-01-01 period was 2,027 sqft. One year prior, the average listing was 1,994 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.