Midfirst Bank Mortgage Rates, Fees & Info

Oklahoma City, OK

LEI: 337KMNHEWWWR6B7Q7W10

Tax ID: 73-0383055

5 stars - Updated: 7/20/24 - out of 5 stars, based on 48 reviews

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

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Mortgage Data

Review & Overview

Midfirst Bank is a small bank specializing in Home Purchase loans. Midfirst Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Phoenix, Los Angeles, Oklahoma City, Dallas, and Santa Maria among others. We have data for 172 markets. (Some data included below & more in-depth data is available with an active subscription.)

Midfirst 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. Midfirst Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.71% 7/20/24
30 Year Conventional Purchase 6.34% 7/20/24
30 Year Conventional Refi 6.63% 7/20/24
30 Year Cash-out Refi 6.48% 7/20/24
30 Year FHA Purchase 7.04% 7/20/24
30 Year FHA Refi 6.66% 7/20/24
30 Year VA Purchase 5.81% 7/20/24
30 Year VA Refi 5.87% 7/20/24
30 Year USDA Purchase 6.27% 7/20/24
30 Year USDA Refi 6.27% 7/20/24
15 Year Conventional Purchase 6.11% 7/20/24
15 Year Conventional Refi 6.83% 7/20/24
15 Year Cash-out Refi 6.83% 7/20/24
15 Year FHA Purchase 5.68% 7/20/24
15 Year FHA Refi 5.68% 7/20/24
15 Year VA Refi 5.68% 7/20/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Midfirst Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Midfirst Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

2,269

Origination Dollar Volume (All Markets)

$1,271,465,000
Show all (15) awards

Relative Rate

Midfirst Bank's average 30 year fixed mortgage rate was 6.24%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.24%.

Relative Fees (Closing Costs)

Midfirst Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $6,652.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 459 $277,495,000 $604,564 $5,134 6.44%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 229 $256,605,000 $1,120,546 $8,569 7.01%
OKLAHOMA CITY, OK (FHA|USDA|VA) 646 $150,120,000 $232,384 $3,564 5.17%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 121 $87,185,000 $720,537 $7,229 6.47%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 36 $46,210,000 $1,283,611 $21,628 6.66%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 61 $40,135,000 $657,951 $3,764 7.29%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 10 $33,850,000 $3,385,000 $8,611 6.88%
TULSA, OK (FHA|USDA|VA) 126 $33,760,000 $267,937 $3,723 6.35%
Outside of Metro Areas 47 $29,325,000 $623,936 $5,097 5.69%
Edwards, CO (FHA|USDA|VA) 18 $28,280,000 $1,571,111 $14,695 6.17%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 17 $24,465,000 $1,439,118 $43,519 6.35%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 33 $19,655,000 $595,606 $5,803 6.57%
SANTA FE, NM (FHA|USDA|VA) 14 $14,900,000 $1,064,286 $20,590 6.63%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 6 $13,320,000 $2,220,000 $9,220 6.88%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 9 $12,865,000 $1,429,444 $16,790 6.51%
Heber, UT (FHA|USDA|VA) 9 $12,565,000 $1,396,111 $16,821 7.26%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 7 $12,015,000 $1,716,429 $31,015 6.34%
Glenwood Springs, CO (FHA|USDA|VA) 5 $10,105,000 $2,021,000 $48,269 7.30%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 13 $9,745,000 $749,615 $11,278 7.10%
SALT LAKE CITY, UT (FHA|USDA|VA) 8 $9,710,000 $1,213,750 $25,127 6.47%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 13 $8,875,000 $682,692 $4,505 6.78%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 10 $7,540,000 $754,000 $8,174 6.12%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 4 $7,050,000 $1,762,500 $4,442 7.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 14 $6,850,000 $489,286 $15,463 7.15%
FLAGSTAFF, AZ (FHA|USDA|VA) 7 $5,835,000 $833,571 $7,390 7.43%
BOULDER, CO (FHA|USDA|VA) 4 $5,450,000 $1,362,500 $23,231 7.19%
PROVO-OREM, UT (FHA|USDA|VA) 4 $5,310,000 $1,327,500 $26,103 6.06%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 18 $4,740,000 $263,333 $6,545 5.79%
Steamboat Springs, CO (FHA|USDA|VA) 4 $4,220,000 $1,055,000 $15,647 6.41%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 1 $4,205,000 $4,205,000 $16,933 5.75%
ST. GEORGE, UT (FHA|USDA|VA) 2 $3,900,000 $1,950,000 $0 6.31%
SAN ANGELO, TX (FHA|USDA|VA) 1 $3,875,000 $3,875,000 $0 6.76%
Gardnerville Ranchos, NV (FHA|USDA|VA) 3 $3,665,000 $1,221,667 $22,297 6.67%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 4 $3,260,000 $815,000 $16,635 6.59%
Show Low, AZ (FHA|USDA|VA) 4 $3,050,000 $762,500 $6,200 6.78%
LAWTON, OK (FHA|USDA|VA) 30 $2,690,000 $89,667 $3,572 6.06%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $2,600,000 $1,300,000 $10,666 6.69%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 4 $2,540,000 $635,000 $3,125 7.09%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 7 $2,485,000 $355,000 $12,393 5.46%
NAPA, CA (FHA|USDA|VA) 1 $2,475,000 $2,475,000 $3,353 5.75%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 4 $2,400,000 $600,000 $4,209 6.03%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $2,290,000 $1,145,000 $0 5.19%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $2,225,000 $741,667 $9,760 7.79%
COLORADO SPRINGS, CO (FHA|USDA|VA) 6 $2,090,000 $348,333 $2,379 6.70%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $1,805,000 $1,805,000 $39,690 6.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $1,770,000 $885,000 $16,645 6.81%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 9 $1,745,000 $193,889 $5,441 6.22%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $1,615,000 $1,615,000 $26,426 5.95%
Torrington, CT (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $21,246 6.00%
Kalispell, MT (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $0 6.15%
Altus, OK (FHA|USDA|VA) 13 $1,475,000 $113,462 $1,678 0.87%
Woodward, OK (FHA|USDA|VA) 12 $1,300,000 $108,333 $2,689 5.99%
McAlester, OK (FHA|USDA|VA) 3 $1,235,000 $411,667 $3,756 6.59%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $4,620 8.25%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $1,190,000 $595,000 $0 5.19%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $1,145,000 $1,145,000 $32,426 5.75%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $1,125,000 $1,125,000 $0 8.25%
Boone, NC (FHA|USDA|VA) 1 $1,125,000 $1,125,000 $4,195 5.75%
TUCSON, AZ (FHA|USDA|VA) 3 $1,115,000 $371,667 $11,837 6.22%
SALEM, OR (FHA|USDA|VA) 1 $1,095,000 $1,095,000 $16,046 6.38%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $1,085,000 $1,085,000 $0 6.62%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 3 $1,045,000 $348,333 $3,629 5.78%
ALBUQUERQUE, NM (FHA|USDA|VA) 3 $1,025,000 $341,667 $0 6.79%
Payson, AZ (FHA|USDA|VA) 2 $1,000,000 $500,000 $4,834 5.13%
Hilo, HI (FHA|USDA|VA) 2 $1,000,000 $500,000 $3,511 7.00%
Stillwater, OK (FHA|USDA|VA) 6 $990,000 $165,000 $3,076 5.05%
Shawnee, OK (FHA|USDA|VA) 8 $930,000 $116,250 $3,408 4.72%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 4 $930,000 $232,500 $0 5.61%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $855,000 $855,000 $0 6.65%
HOT SPRINGS, AR (FHA|USDA|VA) 1 $775,000 $775,000 $0 7.50%
COLUMBUS, OH (FHA|USDA|VA) 2 $740,000 $370,000 $3,944 6.25%
LUBBOCK, TX (FHA|USDA|VA) 1 $665,000 $665,000 $0 8.25%
GREELEY, CO (FHA|USDA|VA) 1 $635,000 $635,000 $2,182 5.50%
WICHITA, KS (FHA|USDA|VA) 2 $630,000 $315,000 $3,093 4.88%
ANCHORAGE, AK (FHA|USDA|VA) 2 $620,000 $310,000 $3,348 5.44%
Weatherford, OK (FHA|USDA|VA) 6 $600,000 $100,000 $1,780 4.41%
Alexandria, MN (FHA|USDA|VA) 1 $525,000 $525,000 $0 7.38%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $485,000 $161,667 $0 6.29%
KANSAS CITY, MO-KS (FHA|USDA|VA) 4 $410,000 $102,500 $0 5.48%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $405,000 $405,000 $0 8.32%
FAYETTEVILLE, NC (FHA|USDA|VA) 4 $400,000 $100,000 $0 5.31%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 4 $390,000 $97,500 $0 6.47%
PITTSFIELD, MA (FHA|USDA|VA) 1 $385,000 $385,000 $0 8.50%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 5 $385,000 $77,000 $0 6.30%
Coffeyville, KS (FHA|USDA|VA) 1 $385,000 $385,000 $1,591 5.75%
Kearney, NE (FHA|USDA|VA) 1 $345,000 $345,000 $4,033 6.18%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 4 $310,000 $77,500 $0 4.69%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $305,000 $305,000 $1,422 2.88%
RAPID CITY, SD (FHA|USDA|VA) 1 $305,000 $305,000 $0 8.50%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $300,000 $150,000 $0 6.19%
Ketchikan, AK (FHA|USDA|VA) 1 $285,000 $285,000 $2,403 3.75%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 3 $275,000 $91,667 $0 4.71%
ST. LOUIS, MO-IL (FHA|USDA|VA) 4 $270,000 $67,500 $0 4.56%
Muskogee, OK (FHA|USDA|VA) 1 $235,000 $235,000 $6,955 7.63%
BOISE CITY, ID (FHA|USDA|VA) 1 $235,000 $235,000 $0 6.77%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $230,000 $115,000 $0 4.31%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 4 $230,000 $57,500 $0 6.28%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 3 $215,000 $71,667 $0 6.00%
JACKSON, MI (FHA|USDA|VA) 2 $210,000 $105,000 $0 5.50%
Ponca City, OK (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
BEND, OR (FHA|USDA|VA) 1 $205,000 $205,000 $0 7.50%
BATON ROUGE, LA (FHA|USDA|VA) 1 $195,000 $195,000 $0 8.25%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $175,000 $175,000 $0 6.88%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $175,000 $175,000 $0 5.25%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $165,000 $165,000 $0 7.13%
Rockport, TX (FHA|USDA|VA) 1 $165,000 $165,000 $0 7.00%
PITTSBURGH, PA (FHA|USDA|VA) 2 $160,000 $80,000 $0 4.75%
Ruidoso, NM (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.00%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $155,000 $155,000 $0 2.88%
AKRON, OH (FHA|USDA|VA) 2 $150,000 $75,000 $0 5.19%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $145,000 $145,000 $0 6.50%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $145,000 $145,000 $0 3.50%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $145,000 $145,000 $0 3.25%
COLUMBIA, SC (FHA|USDA|VA) 2 $140,000 $70,000 $1,762 4.50%
ROCHESTER, NY (FHA|USDA|VA) 2 $140,000 $70,000 $0 5.81%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $140,000 $70,000 $0 6.56%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $140,000 $70,000 $0 4.69%
ENID, OK (FHA|USDA|VA) 1 $135,000 $135,000 $3,675 6.38%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $130,000 $65,000 $0 6.56%
EL PASO, TX (FHA|USDA|VA) 2 $130,000 $65,000 $0 7.19%
COLUMBUS, GA-AL (FHA|USDA|VA) 2 $130,000 $65,000 $0 5.81%
GAINESVILLE, GA (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.25%
FLORENCE, SC (FHA|USDA|VA) 1 $125,000 $125,000 $0 6.75%
Big Spring, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 6.88%
VALDOSTA, GA (FHA|USDA|VA) 1 $115,000 $115,000 $0 3.13%
Ashland, OH (FHA|USDA|VA) 1 $115,000 $115,000 $0 7.25%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $115,000 $115,000 $0 3.13%
VICTORIA, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 6.63%
SYRACUSE, NY (FHA|USDA|VA) 2 $110,000 $55,000 $0 4.94%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.38%
Paducah, KY-IL (FHA|USDA|VA) 2 $100,000 $50,000 $0 4.63%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 2 $100,000 $50,000 $0 6.69%
Cañon City, CO (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.75%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 2 $90,000 $45,000 $0 4.75%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 2 $90,000 $45,000 $0 3.38%
BURLINGTON, NC (FHA|USDA|VA) 1 $85,000 $85,000 $0 6.63%
Clarksdale, MS (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.00%
BRUNSWICK, GA (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.75%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 3 $65,000 $21,667 $0 5.58%
MONTGOMERY, AL (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.63%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $65,000 $65,000 $0 7.25%
Celina, OH (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.63%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.50%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.75%
Vicksburg, MS (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.88%
ABILENE, TX (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.88%
FORT WAYNE, IN (FHA|USDA|VA) 1 $55,000 $55,000 $0 8.00%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.88%
PEORIA, IL (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.13%
FLINT, MI (FHA|USDA|VA) 2 $50,000 $25,000 $0 5.75%
Dodge City, KS (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.00%
Athens, OH (FHA|USDA|VA) 1 $45,000 $45,000 $0 7.38%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.50%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $45,000 $45,000 $0 7.50%
Sanford, NC (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.63%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.13%
LAKE CHARLES, LA (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.50%
GAINESVILLE, FL (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.88%
PINE BLUFF, AR (FHA|USDA|VA) 1 $35,000 $35,000 $0 7.00%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.88%
WACO, TX (FHA|USDA|VA) 2 $30,000 $15,000 $0 5.13%
Russellville, AR (FHA|USDA|VA) 1 $25,000 $25,000 $0 3.88%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $25,000 $25,000 $0 7.50%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $25,000 $25,000 $0 6.75%
BECKLEY, WV (FHA|USDA|VA) 1 $25,000 $25,000 $0 6.63%
Sturgis, MI (FHA|USDA|VA) 1 $25,000 $25,000 $0 7.50%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $25,000 $25,000 $2,215 5.63%
ALBANY, GA (FHA|USDA|VA) 1 $15,000 $15,000 $0 7.00%
TOLEDO, OH (FHA|USDA|VA) 1 $15,000 $15,000 $0 7.00%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $15,000 $15,000 $0 6.63%
RICHMOND, VA (FHA|USDA|VA) 1 $15,000 $15,000 $0 7.63%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $5,000 $5,000 $0 9.00%
Midfirst Bank's top markets include Phoenix, Los Angeles, Oklahoma City, Dallas, and Santa Maria among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,604 $1,078,730,000 $672,525 $6,341 6.51%
    HELOC 413 $163,515,000 $395,920 n/a 4.51%
    FHA 211 $21,625,000 $102,488 $7,090 5.68%
    VA 40 $7,570,000 $189,250 $5,952 5.52%
    USDA 1 $25,000 $25,000 $0 7.50%

    For 2023, Midfirst Bank's most frequently originated type of loan was Conventional, with 1,604 originations. Their 2nd most popular type was HELOC, with 413 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,325 $901,465,000 $680,351 $6,783 6.39%
    Other 402 $81,260,000 $202,139 $1,643 5.62%
    Refi 348 $231,510,000 $665,259 $5,507 6.02%
    Home Improvement 183 $54,785,000 $299,372 $2,263 4.63%
    Cash Out Refi 11 $2,445,000 $222,273 $4,413 6.05%

    For 2023, Midfirst Bank's most frequently cited loan purpose was Home Purchase, with 1,325 originations. The 2nd most popular reason was Other, with 402 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,259 $737,495,000 $585,778 $6,652 6.24%
    Other 600 $251,670,000 $419,450 $7,170 4.57%
    10 Year 193 $115,325,000 $597,539 $300 7.74%
    5 Year 69 $57,875,000 $838,768 $1,764 7.01%
    20 Year 37 $8,065,000 $217,973 $1,014 7.96%
    1 Year 35 $39,415,000 $1,126,143 $16,790 8.53%
    15 Year 33 $10,605,000 $321,364 $2,564 7.77%
    3 Year 28 $48,560,000 $1,734,286 $0 7.65%
    30+ year 15 $2,455,000 $163,667 $3,370 6.33%

    For 2023, Midfirst Bank's most frequently cited loan duration was 30 Year, with 1,259 originations. The 2nd most popular length was Other, with 600 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 985 $449,315,000 $456,157
    $5k+ 136 $211,910,000 $1,558,162
    $1k-2k 29 $9,635,000 $332,241
    $2k-3k 19 $9,505,000 $500,263
    $3k-4k 9 $4,305,000 $478,333
    $4k-5k 7 $9,075,000 $1,296,429

    Midfirst Bank's average total fees were $6,652, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 985 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 741 $480,315,000 $648,198
    5-6% 596 $382,830,000 $642,332
    7-8% 356 $241,460,000 $678,258
    Over 8% 264 $126,580,000 $479,470
    <2.5% 189 $16,465,000 $87,116
    3-4% 76 $11,960,000 $157,368
    4-5% 38 $7,110,000 $187,105
    2.5-3% 8 $4,650,000 $581,250
    % 1 $95,000 $95,000

    During 2023, Midfirst Bank's average interest rate for loans was 6.24%, while their most frequently originated rate bucket for loans was 6-7%, with 741 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 583 $168,905,000 $289,717 $3,847 6.30%
    $100k-200k 454 $65,470,000 $144,207 $3,014 5.99%
    $100,000 or less 418 $21,200,000 $50,718 $317 4.54%
    $1MM+ 375 $740,515,000 $1,974,707 $17,375 6.66%
    $600k-1MM 233 $176,385,000 $757,017 $7,000 6.67%
    $400k-600k 206 $98,990,000 $480,534 $4,962 6.76%

    2023 saw Midfirst Bank place emphasis on $200k-400k loans with 583 originations, totaling $168,905,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 519 $475,275,000 $915,751 $10,548 6.56%
    $50k-75k 284 $62,180,000 $218,944 $3,471 5.63%
    $50k or less 186 $26,380,000 $141,828 $2,959 5.69%
    $150k-250k 166 $65,860,000 $396,747 $6,107 5.50%
    $75k-100k 160 $42,320,000 $264,500 $3,821 5.51%
    $100k-150k 153 $41,295,000 $269,902 $3,981 4.88%

    Midfirst Bank lent most frequently to those with incomes in the $250k+ range, with 519 originations. The second most popular income band? $50k-75k, with 284 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 264 $129,300,000 $489,773 $5,942 5.53%
    30-36% 262 $119,490,000 $456,069 $5,252 5.66%
    <20% 153 $72,965,000 $476,895 $6,127 5.51%
    50-60% 138 $89,690,000 $649,928 $10,329 6.01%
    43% 75 $36,245,000 $483,267 $5,922 6.31%
    42% 74 $32,370,000 $437,432 $5,978 5.52%
    44% 72 $26,820,000 $372,500 $4,262 6.19%
    41% 56 $21,200,000 $378,571 $4,463 6.47%
    40% 53 $20,555,000 $387,830 $5,559 5.99%
    37% 52 $19,710,000 $379,038 $5,855 4.99%
    39% 51 $19,275,000 $377,941 $5,799 5.20%
    >60% 49 $39,665,000 $809,490 $9,390 7.21%
    38% 46 $25,830,000 $561,522 $5,484 5.64%
    36% 36 $13,880,000 $385,556 $3,790 5.91%
    45% 34 $20,300,000 $597,059 $5,584 6.63%
    48% 33 $17,945,000 $543,788 $5,613 6.56%
    49% 30 $14,130,000 $471,000 $5,986 6.14%
    47% 28 $14,560,000 $520,000 $5,451 6.52%
    46% 26 $13,350,000 $513,462 $6,897 6.34%

    Midfirst Bank lent most frequently to those with DTI ratios of 20-30%, with 264 originations. The next most common DTI ratio? 30-36%, with 262 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 518 $512,510,000 $989,402 $13,163 6.88%
    White 1,099 $471,835,000 $429,331 $6,134 5.60%
    Not provided 394 $205,110,000 $520,584 $6,103 6.51%
    Asian 71 $40,595,000 $571,761 $7,112 5.53%
    Black 149 $31,935,000 $214,329 $4,340 5.87%
    American Indian 28 $4,370,000 $156,071 $3,284 4.29%
    Chinese 1 $1,805,000 $1,805,000 $39,690 6.00%
    Asian Indian 2 $1,720,000 $860,000 $9,681 6.67%
    Native Hawaiian or Islander 3 $915,000 $305,000 $2,843 6.92%
    Vietnamese 1 $455,000 $455,000 $4,586 6.00%
    Filipino 1 $145,000 $145,000 $0 4.25%
    Other Pacific Islander 1 $55,000 $55,000 $0 4.88%
    Other Asian 1 $15,000 $15,000 $0 4.25%

    Approval Rates

    Total approvals of all applications
    98.40%

    Midfirst 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
    81.93%

    Midfirst Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,269 $1,271,465,000 $560,364

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,269 $1,271,465,000 $560,364

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 228 $133,030,000 $583,465 $7,247 6.19%
    40-60% 190 $239,210,000 $1,259,000 $14,979 6.16%
    60-80% 535 $496,485,000 $928,009 $11,112 6.30%
    80-100% 794 $307,470,000 $387,242 $4,593 6.25%
    Over 100% 3 $675,000 $225,000 $3,425 3.83%
    Under 20% 279 $68,085,000 $244,032 $1,438 5.16%