The Mortgage Record
Lender report card · New Jersey

Meridian Bank

Malvern, PA · What the federal mortgage record shows about how Meridian Bank treated New Jersey applicants, 2018–2025 — 2,248 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
95.5%
2,147 approved
Denial rate
4.5%
101 denied
Decisions
2,248
2018–2025
Avg. rate spread
+0.45 pp
vs. market benchmark
95.5% approved
4.5% denied

Share of 2,248 New Jersey applications Meridian Bank approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional96.3% of 1,587 · NJ 87%FHA92.2% of 525 · NJ 79%VA98.1% of 104 · NJ 80%USDA100.0% of 32 · NJ 87%

“NJ” = the statewide average approval rate for that loan type, for comparison.

Approval rate over time

87%90%93%96%99%95%95%97%96%96%97%90%92%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Meridian Bank’s rates ran +0.07 pp higher than the typical New Jersey lender (average rate spread +0.45 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Meridian Bank approves

By income
Under $50k92.4% · 250$50–75k95.5% · 463$75–100k94.6% · 447$100–150k95.6% · 505$150–250k97.9% · 329$250k+96.6% · 204
By debt-to-income
Under 36%97.5% · 85336–43%97.5% · 59943–50%95.7% · 607Over 50%73.8% · 141
By down payment (LTV)
20%+ down97.1% · 98110–20% down97.6% · 2495–10% down93.7% · 1893–5% down94.8% · 212Under 3% down91.5% · 354

Why Meridian Bank denied applications

Credit history31% of denialsCollateral (value/type)31% of denialsDebt-to-income ratio30% of denialsIncomplete application12% of denialsUnverifiable information8% of denialsOther8% of denials

Where Meridian Bank lends in NJ

CountyDecisionsApproval
Burlington County43197.0%
Camden County40893.9%
Atlantic County39093.1%
Gloucester County29496.3%
Cape May County19295.8%
Ocean County10098.0%
Mercer County9296.7%
Salem County4897.9%

Fees & closing costs

Median total loan costs
$5,883
home purchase
As % of loan
2.97%
NJ median 1.93%
Priced originations
1,383
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Meridian Bank’s home-purchase originations — 1.03 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $275. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

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Source: CFPB HMDA loan-level data, 2018–2025 · first-lien, closed-end mortgages on 1–4 family homes in New Jersey reported by Meridian Bank (LEI 635400IW1QMK3FNFF894). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →