Midstates Bank Mortgage Rates, Fees & Info

Council Bluffs, IA

LEI: 2549002IXACRD1HE6A92

Tax ID: 42-0296630

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Midstates Bank is a smaller bank specializing in Home Purchase loans. Midstates Bank has a high proportion of conventional loans. Their top markets by origination volume include: Omaha, Sioux City, Carroll, and Spirit Lake among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Midstates Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    88

    Origination Dollar Volume (All Markets)

    $15,190,000

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 39 $4,275,000 $109,615 $0 0.00%
    Outside of Metro Areas 6 $3,810,000 $635,000 $0 0.00%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 40 $3,780,000 $94,500 $0 0.00%
    Carroll, IA (FHA|USDA|VA) 1 $2,785,000 $2,785,000 $0 0.00%
    Spirit Lake, IA (FHA|USDA|VA) 2 $540,000 $270,000 $0 0.00%
    Midstates Bank's top markets include Omaha, Sioux City, Carroll, and Spirit Lake among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 88 $15,190,000 $172,614 $0 0.00%

    For 2024, Midstates Bank's most frequently originated type of loan was Conventional, with 88 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 63 $12,335,000 $195,794 $0 0.00%
    Refi 20 $2,460,000 $123,000 $0 0.00%
    Home Improvement 5 $395,000 $79,000 $0 0.00%

    For 2024, Midstates Bank's most frequently cited loan purpose was Home Purchase, with 63 originations. The 2nd most popular reason was Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 88 $15,190,000 $172,614 $0 0.00%

    For 2024, Midstates Bank's most frequently cited loan duration was Other, with 88 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 46 $3,000,000 $65,217 $0 0.00%
    $100k-200k 33 $4,185,000 $126,818 $0 0.00%
    $200k-400k 4 $1,260,000 $315,000 $0 0.00%
    $1MM+ 3 $5,355,000 $1,785,000 $0 0.00%
    $400k-600k 1 $505,000 $505,000 $0 0.00%
    $600k-1MM 1 $885,000 $885,000 $0 0.00%

    2024 saw Midstates Bank place emphasis on $100,000 or less loans with 46 originations, totaling $3,000,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 10 $800,000 $80,000 $0 0.00%
    $150k-250k 4 $1,010,000 $252,500 $0 0.00%
    $50k-75k 4 $320,000 $80,000 $0 0.00%
    $50k or less 3 $155,000 $51,667 $0 0.00%
    $75k-100k 3 $295,000 $98,333 $0 0.00%

    Midstates Bank lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $150k-250k, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 88 $15,190,000 $172,614 $0 0.00%

    Midstates Bank lent most frequently to those with DTI ratios of Exempt%, with 88 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 64 $12,610,000 $197,031 $0 0.00%
    White 24 $2,580,000 $107,500 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.02%

    Midstates Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    89.77%

    Midstates Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 88 $15,190,000 $172,614

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    88 $15,190,000 $172,614