# MERIDIAN BANK

> **Canonical URL:** https://saferate.com/lenders/meridian-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


MERIDIAN BANK is a bank, headquartered in Malvern, PA, serving borrowers across 32 states, with 2,250 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 51% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 19% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 635400IW1QMK3FNFF894
- **Headquarters:** Malvern, PA
- **Geographic Reach:** Near-National
- **States Served:** 32
- **State List:** AR, AZ, CA, CO, DC, DE, FL, GA, IA, IL, IN, MA, MD, MI, MN, MS, NC, NH, NJ, NV, NY, OH, OK, PA, RI, SC, TN, TX, UT, VA, WI, WV
- **Markets (MSAs):** 18
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 88.8%
- **Brokered/Wholesale:** 11.2%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 49/100
- Rating: ●●●○○ (3/5)

### Pull Through: Exceptional 🤩
- Score: 81/100
- Rating: ●●●●● (5/5)

### Pricing Details
- **Average Rate Spread:** +0.191%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,588
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 2,250
- **Dollar Volume:** $740 million
- **Applications Received:** 2,894
- **Market Share:** 6.00%

## Typical Borrower Profile

- **Average Loan Amount:** $329,018
- **Average Borrower Income:** $119,585
- **Average Property Value:** $392,222

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (63%)
- ⭐ **FHA Gold Superstar** (70%)
- ⭐ **VA Gold Superstar** (63%)
- ⭐ **Purchase Gold Superstar** (63%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 72/100 | 1,339 | +0.163% | $2,522 | Strong 😀 |
| FHA | 81/100 | 706 | +0.366% | $2,760 | Exceptional 🤩 |
| VA | 76/100 | 160 | -0.321% | $2,565 | Strong 😀 |
| Jumbo | 46/100 | 20 | +0.326% | $2,103 | Sound ☺️ |
| USDA | 79/100 | 25 | +0.129% | $2,623 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 1,249 loans, Score: 73/100 (Strong)
- Refinance: 90 loans, Score: 58/100 (Sound)

**FHA:**
- Purchase: 674 loans, Score: 82/100 (Exceptional)
- Refinance: 32 loans, Score: 72/100 (Strong)

**VA:**
- Purchase: 146 loans, Score: 76/100 (Strong)

**USDA:**
- Purchase: 25 loans, Score: 79/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 78/100 | 2,112 | $695M | +0.191% | Strong 😀 |
| Refinance | 61/100 | 138 | $45M | +0.185% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MD | 938 | 1.33% | 88/100 |
| PA | 545 | 0.45% | 80/100 |
| DE | 510 | 3.57% | 90/100 |
| NJ | 120 | 0.14% | 65/100 |
| VA | 44 | 0.04% | 51/100 |
| IN | 16 | 0.02% | 40/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Baltimore | MD | 723 | 91/100 |
| Wilmington, DE |  | 293 | 85/100 |
| Philadelphia, PA | PA | 228 | 83/100 |
| Non |  | 218 | 59/100 |
| Montgomery County | PA | 171 | 79/100 |
| Dover, DE | DE | 89 | 85/100 |
| Washington, DC | DC-MD | 82 | 69/100 |
| Camden, NJ | NJ | 51 | 60/100 |
| Lancaster, PA | PA | 47 | 66/100 |
| York | PA | 45 | 60/100 |
| Frederick | MD | 43 | 61/100 |
| Arlington | VA-WV | 27 | 49/100 |
| Atlantic City | NJ | 26 | 55/100 |
| Salisbury, MD | MD | 19 | 58/100 |
| Lakewood | NJ | 17 | 44/100 |

## Where This Lender Ranks

MERIDIAN BANK appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Maryland for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/maryland/best-mortgage-lenders/banks/usda-loans)
- 🥇 **#1** in Delaware for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/delaware/best-mortgage-lenders/banks/va-loans)
- 🥇 **#1** in Wilmington, DE for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/wilmington-de/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Wilmington, DE for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/wilmington-de/best-mortgage-lenders/banks/va-loans)
- 🥇 **#1** in Dover, DE Banks
  - [View Full Rankings](https://saferate.com/dover-de/best-mortgage-lenders/banks)
- 🥇 **#1** in Dover, DE for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/dover-de/best-mortgage-lenders/banks/conventional-loans)
- 🥇 **#1** in Dover, DE for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/dover-de/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Dover, DE for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/dover-de/best-mortgage-lenders/banks/va-loans)
- 🥈 **#2** in Pennsylvania for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/pennsylvania/best-mortgage-lenders/banks/usda-loans)
- 🥈 **#2** in Delaware Banks
  - [View Full Rankings](https://saferate.com/delaware/best-mortgage-lenders/banks)
- 🥈 **#2** in Delaware for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/delaware/best-mortgage-lenders/banks/fha-loans)
- 🥈 **#2** in Wilmington, DE Banks
  - [View Full Rankings](https://saferate.com/wilmington-de/best-mortgage-lenders/banks)
- 🥈 **#2** in Camden, NJ for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/camden-nj/best-mortgage-lenders/banks/va-loans)
- 🥉 **#3** in Maryland Banks
  - [View Full Rankings](https://saferate.com/maryland/best-mortgage-lenders/banks)
- 🥉 **#3** in Baltimore Banks
  - [View Full Rankings](https://saferate.com/baltimore/best-mortgage-lenders/banks)
- 🥉 **#3** in Delaware
  - [View Full Rankings](https://saferate.com/delaware/best-mortgage-lenders)
- 🥉 **#3** in Montgomery County for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/montgomery-county/best-mortgage-lenders/banks/fha-loans)
- 🥉 **#3** in Montgomery County for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/montgomery-county/best-mortgage-lenders/banks/va-loans)
- 🥉 **#3** in Dover, DE for Conventional Loans
  - [View Full Rankings](https://saferate.com/dover-de/best-mortgage-lenders/conventional-loans)
- 🥉 **#3** in Atlantic City for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/atlantic-city/best-mortgage-lenders/banks/fha-loans)

## Frequently Asked Questions

### What loan types does MERIDIAN BANK offer?

MERIDIAN BANK offers the following mortgage loan types: FHA, Conventional, VA, Jumbo, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does MERIDIAN BANK offer mortgages?

MERIDIAN BANK offers mortgages in 32 states: AR, AZ, CA, CO, DC, DE, FL, GA, IA, IL, IN, MA, MD, MI, MN, MS, NC, NH, NJ, NV, NY, OH, OK, PA, RI, SC, TN, TX, UT, VA, WI, WV.

### How competitive are MERIDIAN BANK's mortgage rates?

MERIDIAN BANK has a pricing score of 49/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.191% above market average.

### What type of lender is MERIDIAN BANK?

MERIDIAN BANK is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Malvern, PA.

### What is MERIDIAN BANK's loan approval success rate?

MERIDIAN BANK has a pull-through score of 81/100 (Exceptional). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/meridian-bank

### How to Cite

> "MERIDIAN BANK Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/meridian-bank

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