Midwest Heritage Bank Fsb Mortgage Rates, Fees & Info
CHARITON, IALEI: 254900FI363837PZX856
Tax ID: 42-0431125
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Mortgage Data
Review & Overview
Midwest Heritage Bank Fsb is a smaller bank specializing in Home Purchase loans. Midwest Heritage Bank Fsb has a high proportion of conventional loans. Their top markets by origination volume include: Des Moines, Sioux City, Kansas City, North Port, and Dubuque among others. We have data for 39 markets. (Some data included below & more in-depth data is available with an active subscription.)Midwest Heritage Bank Fsb has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
219Origination Dollar Volume (All Markets)
$53,085,000Top 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 |
|---|---|---|---|---|---|
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 106 | $27,440,000 | $258,868 | $0 | 0.00% |
| Outside of Metro Areas | 42 | $8,220,000 | $195,714 | $0 | 0.00% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 4 | $2,220,000 | $555,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 8 | $1,880,000 | $235,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $1,280,000 | $640,000 | $0 | 0.00% |
| DUBUQUE, IA (FHA|USDA|VA) | 1 | $1,235,000 | $1,235,000 | $0 | 0.00% |
| AMES, IA (FHA|USDA|VA) | 6 | $930,000 | $155,000 | $0 | 0.00% |
| ROCHESTER, MN (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $0 | 0.00% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $0 | 0.00% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $0 | 0.00% |
| IOWA CITY, IA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| Spirit Lake, IA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $0 | 0.00% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 4 | $400,000 | $100,000 | $0 | 0.00% |
| Fremont, NE (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| Warrensburg, MO (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 0.00% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 8 | $320,000 | $40,000 | $0 | 0.00% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Ottawa, IL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 0.00% |
| Winona, MN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| MANKATO, MN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Mason City, IA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Galesburg, IL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Pella, IA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Jacksonville, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Fairmont, MN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| Quincy, IL-MO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
| Marshalltown, IA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Midwest Heritage Bank FSB based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 219 | $53,085,000 | $242,397 | $0 | 0.00% |
For 2024, Midwest Heritage Bank Fsb's most frequently originated type of loan was Conventional, with 219 originations.
Loan Reason
For 2024, Midwest Heritage Bank Fsb's most frequently cited loan purpose was Home Purchase, with 124 originations. The 2nd most popular reason was Home Improvement, with 35 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 219 | $53,085,000 | $242,397 | $0 | 0.00% |
For 2024, Midwest Heritage Bank Fsb's most frequently cited loan duration was Other, with 219 originations.
Loan Sizing
2024 saw Midwest Heritage Bank Fsb place emphasis on $100,000 or less loans with 82 originations, totaling $3,650,000 in origination value.
Applicant Income
Midwest Heritage Bank Fsb lent most frequently to those with incomes in the $100k-150k range, with 43 originations. The second most popular income band? $250k+, with 40 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 219 | $53,085,000 | $242,397 | $0 | 0.00% |
Midwest Heritage Bank Fsb lent most frequently to those with DTI ratios of Exempt%, with 219 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.94%
Midwest Heritage Bank Fsb has an average approval rate.
Pick Rate
Approvals leading to origination80.37%
Midwest Heritage Bank Fsb has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 219 | $53,085,000 | $242,397 |