MERIDIAN BANK closing costs and rates (2024)
In 2024, MERIDIAN BANK originated 2,068 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $7,732. That ranks #216 nationally by origination volume. For total closing costs among lenders with 500+ originations, MERIDIAN BANK ranks #423. That is $991 above the national median of $6,741. MERIDIAN BANK is most active in Maryland with 872 originations there.
Purchase Originations
2,068
Ranked #216 nationally
Median Total Costs
$7,732
+14.7% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$2,136
Median Lender Credits
$131
Cost Rank (500+ vol.)
#423
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,207 | 6.625% | $5,609 | $1,892 |
| fha | 688 | 6.250% | $11,308 | $2,625 |
| va | 148 | 6.250% | $9,474 | $1,500 |
| usda | 25 | 6.125% | $7,885 | $2,118 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Maryland | 872 | 6.624% | $6,472 | #15 |
| Pennsylvania | 505 | 6.500% | $7,471 | #42 |
| Delaware | 484 | 6.250% | $10,365 | #3 |
| New Jersey | 97 | 6.625% | $8,773 | #109 |
| Virginia | 36 | 6.500% | $6,232 | — |
| Indiana | 14 | 6.688% | $5,510 | — |
| North Carolina | 7 | 6.250% | $5,840 | — |
| Texas | 6 | 6.437% | $7,292 | — |
| West Virginia | 6 | 6.438% | $6,575 | — |
| District of Columbia | 5 | 6.124% | $9,661 | — |
| Florida | 5 | 6.375% | $6,149 | — |
| Tennessee | 5 | 6.500% | $5,740 | — |
| Georgia | 4 | 6.750% | $6,288 | — |
| New York | 3 | 6.625% | $8,546 | — |
| South Carolina | 3 | 6.125% | $8,691 | — |
| Arkansas | 2 | 6.438% | $2,895 | — |
| Minnesota | 2 | 7.062% | $6,488 | — |
| Oklahoma | 2 | 5.875% | $6,507 | — |
| Arizona | 1 | 6.250% | $15,560 | — |
| California | 1 | 6.490% | $8,874 | — |
| Iowa | 1 | 7.625% | $5,339 | — |
| Kentucky | 1 | 6.750% | $23,185 | — |
| Massachusetts | 1 | 6.490% | $5,274 | — |
| Michigan | 1 | 6.125% | $10,345 | — |
| Mississippi | 1 | 6.500% | $5,516 | — |
| New Hampshire | 1 | 6.250% | $5,044 | — |
| Ohio | 1 | 6.000% | $5,909 | — |
| Utah | 1 | 6.250% | $18,293 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $5,000 | 6.625% | — | 25 | −$2,732 | |
| 2 | $5,534 | 6.990% | — | 43 | −$2,198 | |
| 3 | $5,553 | 6.500% | — | 139 | −$2,179 | |
| 4 | $5,634 | 6.375% | — | 143 | −$2,098 | |
| 5 | $6,116 | 6.688% | — | 22 | −$1,616 | |
| 6 | $6,384 | 6.625% | — | 31 | −$1,348 | |
| 7 | $6,632 | 6.500% | — | 244 | −$1,100 | |
| 8 | $6,961 | 6.500% | — | 158 | −$771 | |
| 9 | $7,180 | 6.625% | — | 24 | −$552 | |
| 10 | $7,256 | 6.500% | — | 44 | −$476 | |
| 11 | $7,481 | 6.624% | — | 69 | −$251 | |
| 12 | $7,522 | 6.625% | — | 54 | −$210 | |
| 13 | $7,940 | 6.500% | — | 42 | +$208 | |
| 14 | $8,266 | 6.500% | — | 77 | +$534 | |
| 15 | $8,765 | 6.625% | — | 49 | +$1,033 | |
| 16 | $8,906 | 6.625% | — | 69 | +$1,174 | |
| 17 | $9,653 | 6.250% | — | 246 | +$1,921 | |
| 18 | $10,607 | 6.625% | — | 19 | +$2,875 | |
| 19 | $10,867 | 6.250% | — | 151 | +$3,135 | |
| 20 | $11,631 | 6.000% | — | 87 | +$3,899 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.