Midstates Bank Mortgage Rates, Fees & Info
Council Bluffs, IALEI: 2549002IXACRD1HE6A92
Tax ID: 42-0296630
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Midstates Bank is a smaller bank specializing in Home Purchase and Refi loans. Midstates Bank has a high proportion of conventional loans. Their top markets by origination volume include: Sioux City, Omaha, Sioux Falls, Spirit Lake, and Peoria among others. We have data for 11 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 an above average pick rate when compared to similar lenders.
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Originations
163Origination Dollar Volume (All Markets)
$30,685,000Top 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 |
|---|---|---|---|---|---|
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 63 | $10,505,000 | $166,746 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 65 | $8,495,000 | $130,692 | $0 | 0.00% |
| Outside of Metro Areas | 25 | $7,925,000 | $317,000 | $0 | 0.00% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 2 | $1,210,000 | $605,000 | $0 | 0.00% |
| Spirit Lake, IA (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $0 | 0.00% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $815,000 | $815,000 | $0 | 0.00% |
| Mason City, IA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Lexington, NE (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| AMES, IA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 163 | $30,685,000 | $188,252 | $0 | 0.00% |
For 2022, Midstates Bank's most frequently originated type of loan was Conventional, with 163 originations.
Loan Reason
For 2022, Midstates Bank's most frequently cited loan purpose was Home Purchase, with 105 originations. The 2nd most popular reason was Refi, with 40 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 163 | $30,685,000 | $188,252 | $0 | 0.00% |
For 2022, Midstates Bank's most frequently cited loan duration was Other, with 163 originations.
Loan Sizing
2022 saw Midstates Bank place emphasis on $100k-200k loans with 78 originations, totaling $10,950,000 in origination value.
Applicant Income
Midstates Bank lent most frequently to those with incomes in the $50k or less range, with 12 originations. The second most popular income band? $150k-250k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 163 | $30,685,000 | $188,252 | $0 | 0.00% |
Midstates Bank lent most frequently to those with DTI ratios of Exempt%, with 163 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 124 | $26,990,000 | $217,661 | $0 | 0.00% |
| White | 39 | $3,695,000 | $94,744 | $0 | 0.00% |
Approval Rates
Total approvals of all applications95.48%
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 origination96.93%
Midstates Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 163 | $30,685,000 | $188,252 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Midwest Loan Services, Inc. | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |