Midfirst Bank Mortgage Rates, Fees & Info

Oklahoma City, OK

LEI: 337KMNHEWWWR6B7Q7W10

Tax ID: 73-0383055

4.1 stars - Updated: 2/19/24 - out of 5 stars, based on 51 reviews

Latest/2022 | 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 and Refi 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: Los Angeles, Phoenix, Oklahoma City, Denver, and Santa Maria among others. We have data for 185 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 about average 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% 2/19/24
30 Year Conventional Purchase 6.34% 2/19/24
30 Year Conventional Refi 6.63% 2/19/24
30 Year Cash-out Refi 6.48% 2/19/24
30 Year FHA Purchase 7.04% 2/19/24
30 Year FHA Refi 6.66% 2/19/24
30 Year VA Purchase 5.81% 2/19/24
30 Year VA Refi 5.87% 2/19/24
30 Year USDA Purchase 6.27% 2/19/24
30 Year USDA Refi 6.27% 2/19/24
15 Year Conventional Purchase 6.11% 2/19/24
15 Year Conventional Refi 6.83% 2/19/24
15 Year Cash-out Refi 6.83% 2/19/24
15 Year FHA Purchase 5.68% 2/19/24
15 Year FHA Refi 5.68% 2/19/24
15 Year VA Refi 5.68% 2/19/24
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

2,634

Origination Dollar Volume (All Markets)

$1,860,230,000
Show all (9) awards

Relative Rate

Midfirst Bank's average 30 year fixed mortgage rate was 4.65%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.11%.

Relative Fees (Closing Costs)

Midfirst Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $7,788.

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 $4,750.

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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 290 $384,200,000 $1,324,828 $10,097 4.83%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 441 $328,355,000 $744,569 $5,256 4.44%
OKLAHOMA CITY, OK (FHA|USDA|VA) 715 $199,345,000 $278,804 $3,579 3.88%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 189 $167,675,000 $887,169 $8,167 4.61%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 70 $109,380,000 $1,562,571 $24,247 5.26%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 144 $83,200,000 $577,778 $4,951 4.81%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 26 $70,000,000 $2,692,308 $24,083 4.42%
Outside of Metro Areas 53 $44,905,000 $847,264 $5,277 4.21%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 19 $42,775,000 $2,251,316 $9,343 4.61%
TULSA, OK (FHA|USDA|VA) 119 $40,235,000 $338,109 $4,749 4.14%
Gardnerville Ranchos, NV (FHA|USDA|VA) 11 $28,775,000 $2,615,909 $22,075 4.44%
Edwards, CO (FHA|USDA|VA) 14 $26,830,000 $1,916,429 $13,483 3.89%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 17 $26,065,000 $1,533,235 $7,246 4.81%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 28 $23,410,000 $836,071 $4,250 5.18%
Glenwood Springs, CO (FHA|USDA|VA) 10 $20,500,000 $2,050,000 $12,101 5.09%
SANTA FE, NM (FHA|USDA|VA) 24 $19,930,000 $830,417 $11,911 5.02%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 13 $18,665,000 $1,435,769 $3,776 4.53%
BOULDER, CO (FHA|USDA|VA) 15 $18,585,000 $1,239,000 $19,483 4.89%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $11,075,000 $3,691,667 $994 4.38%
Outside of Metro Areas 3 $9,515,000 $3,171,667 $4,460 5.52%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 10 $9,400,000 $940,000 $5,958 4.35%
Heber, UT (FHA|USDA|VA) 8 $8,400,000 $1,050,000 $7,373 5.03%
FLAGSTAFF, AZ (FHA|USDA|VA) 13 $8,185,000 $629,615 $3,903 4.15%
Woodward, OK (FHA|USDA|VA) 18 $7,720,000 $428,889 $3,528 4.04%
SALT LAKE CITY, UT (FHA|USDA|VA) 6 $7,450,000 $1,241,667 $18,693 5.17%
Hilo, HI (FHA|USDA|VA) 1 $7,005,000 $7,005,000 $62,342 4.60%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 5 $6,375,000 $1,275,000 $4,183 4.40%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 5 $5,995,000 $1,199,000 $19,717 4.77%
McAlester, OK (FHA|USDA|VA) 7 $5,435,000 $776,429 $6,248 4.39%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 3 $5,105,000 $1,701,667 $7,685 4.64%
ALBUQUERQUE, NM (FHA|USDA|VA) 4 $5,080,000 $1,270,000 $3,315 4.18%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 6 $5,020,000 $836,667 $12,896 5.70%
COLORADO SPRINGS, CO (FHA|USDA|VA) 11 $4,515,000 $410,455 $0 5.16%
FORT COLLINS, CO (FHA|USDA|VA) 6 $4,380,000 $730,000 $8,284 4.48%
Show Low, AZ (FHA|USDA|VA) 5 $3,845,000 $769,000 $7,480 4.57%
PUEBLO, CO (FHA|USDA|VA) 1 $3,755,000 $3,755,000 $0 3.99%
KANSAS CITY, MO-KS (FHA|USDA|VA) 13 $3,745,000 $288,077 $1,797 5.97%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 4 $3,600,000 $900,000 $8,725 4.93%
Breckenridge, CO (FHA|USDA|VA) 5 $3,585,000 $717,000 $2,635 6.03%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 3 $3,225,000 $1,075,000 $26,462 4.78%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $2,510,000 $1,255,000 $0 4.81%
RENO, NV (FHA|USDA|VA) 1 $2,415,000 $2,415,000 $7,519 4.78%
TUCSON, AZ (FHA|USDA|VA) 6 $2,410,000 $401,667 $5,282 4.62%
URBAN HONOLULU, HI (FHA|USDA|VA) 3 $2,385,000 $795,000 $13,483 4.53%
SALINAS, CA (FHA|USDA|VA) 2 $2,310,000 $1,155,000 $0 5.88%
Bozeman, MT (FHA|USDA|VA) 1 $2,205,000 $2,205,000 $26,210 5.90%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 10 $2,190,000 $219,000 $2,113 4.25%
Durango, CO (FHA|USDA|VA) 4 $2,120,000 $530,000 $3,376 4.57%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $37,627 3.50%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $1,925,000 $1,925,000 $0 3.75%
LOUISVILLE, KY (FHA|USDA|VA) 4 $1,790,000 $447,500 $0 5.31%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 5 $1,785,000 $357,000 $11,370 4.73%
Steamboat Springs, CO (FHA|USDA|VA) 2 $1,710,000 $855,000 $8,652 3.54%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 2 $1,680,000 $840,000 $22,537 4.25%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 6 $1,660,000 $276,667 $0 5.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 3 $1,655,000 $551,667 $0 5.07%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $1,550,000 $775,000 $20,134 5.88%
Shawnee, OK (FHA|USDA|VA) 12 $1,520,000 $126,667 $2,004 3.51%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 4 $1,450,000 $362,500 $9,297 4.63%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $1,420,000 $710,000 $3,617 4.94%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 16 $1,400,000 $87,500 $0 4.86%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 12 $1,370,000 $114,167 $0 4.18%
Altus, OK (FHA|USDA|VA) 14 $1,200,000 $85,714 $3,484 0.60%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $1,125,000 $1,125,000 $14,601 4.75%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $1,030,000 $515,000 $0 5.63%
ASHEVILLE, NC (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 7.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $985,000 $328,333 $2,903 4.19%
GREELEY, CO (FHA|USDA|VA) 2 $940,000 $470,000 $4,302 3.35%
Rexburg, ID (FHA|USDA|VA) 1 $925,000 $925,000 $0 4.63%
MISSOULA, MT (FHA|USDA|VA) 1 $905,000 $905,000 $5,038 3.00%
ANCHORAGE, AK (FHA|USDA|VA) 2 $880,000 $440,000 $2,825 5.20%
Traverse City, MI (FHA|USDA|VA) 1 $855,000 $855,000 $0 3.85%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $845,000 $845,000 $11,869 5.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $845,000 $845,000 $6,655 5.13%
ST. LOUIS, MO-IL (FHA|USDA|VA) 7 $815,000 $116,429 $0 5.23%
MEDFORD, OR (FHA|USDA|VA) 1 $755,000 $755,000 $0 4.99%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $755,000 $251,667 $0 4.29%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $755,000 $755,000 $4,056 4.00%
Key West, FL (FHA|USDA|VA) 1 $725,000 $725,000 $6,212 3.45%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $685,000 $685,000 $17,775 4.88%
FAYETTEVILLE, NC (FHA|USDA|VA) 3 $685,000 $228,333 $3,255 5.22%
Ardmore, OK (FHA|USDA|VA) 1 $675,000 $675,000 $3,457 4.77%
FRESNO, CA (FHA|USDA|VA) 1 $655,000 $655,000 $2,475 4.40%
GAINESVILLE, GA (FHA|USDA|VA) 1 $625,000 $625,000 $3,818 3.13%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 6 $570,000 $95,000 $0 4.33%
CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $550,000 $275,000 $3,886 4.18%
Payson, AZ (FHA|USDA|VA) 1 $515,000 $515,000 $2,743 5.00%
NAPA, CA (FHA|USDA|VA) 1 $505,000 $505,000 $7,367 6.13%
Weatherford, OK (FHA|USDA|VA) 7 $485,000 $69,286 $3,605 0.71%
BELLINGHAM, WA (FHA|USDA|VA) 2 $420,000 $210,000 $1,586 5.31%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $405,000 $405,000 $0 5.75%
WICHITA, KS (FHA|USDA|VA) 2 $390,000 $195,000 $2,451 3.80%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $355,000 $355,000 $5,479 2.48%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $315,000 $315,000 $3,253 4.13%
Bonham, TX (FHA|USDA|VA) 1 $295,000 $295,000 $4,570 3.45%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $285,000 $285,000 $2,545 5.08%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 3 $275,000 $91,667 $0 3.83%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 2 $260,000 $130,000 $0 3.75%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $255,000 $255,000 $0 4.75%
LUBBOCK, TX (FHA|USDA|VA) 2 $250,000 $125,000 $0 5.11%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $225,000 $225,000 $0 3.25%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 2 $220,000 $110,000 $0 6.75%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $215,000 $71,667 $0 6.46%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $215,000 $215,000 $0 5.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $215,000 $71,667 $0 5.71%
OCALA, FL (FHA|USDA|VA) 2 $210,000 $105,000 $0 3.75%
TYLER, TX (FHA|USDA|VA) 2 $210,000 $105,000 $0 5.00%
Bartlesville, OK (FHA|USDA|VA) 1 $205,000 $205,000 $4,875 3.00%
LAREDO, TX (FHA|USDA|VA) 1 $195,000 $195,000 $0 4.25%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $190,000 $95,000 $0 3.56%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $185,000 $61,667 $0 6.63%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 3 $175,000 $58,333 $0 4.63%
MODESTO, CA (FHA|USDA|VA) 1 $165,000 $165,000 $0 4.38%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $165,000 $165,000 $4,262 5.50%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $165,000 $55,000 $0 6.58%
Scottsbluff, NE (FHA|USDA|VA) 2 $160,000 $80,000 $0 4.75%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 2 $160,000 $80,000 $0 3.75%
TUSCALOOSA, AL (FHA|USDA|VA) 2 $160,000 $80,000 $0 5.31%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $160,000 $80,000 $0 5.38%
TOLEDO, OH (FHA|USDA|VA) 1 $145,000 $145,000 $0 5.50%
HOT SPRINGS, AR (FHA|USDA|VA) 1 $145,000 $145,000 $0 4.75%
Lumberton, NC (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.88%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $135,000 $135,000 $0 3.38%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $135,000 $135,000 $0 3.88%
JACKSON, MS (FHA|USDA|VA) 2 $130,000 $65,000 $0 5.31%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $130,000 $65,000 $0 6.00%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.88%
RICHMOND, VA (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.50%
LAWTON, OK (FHA|USDA|VA) 2 $120,000 $60,000 $0 2.13%
ROCHESTER, NY (FHA|USDA|VA) 2 $120,000 $60,000 $0 5.69%
Ada, OK (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.75%
SYRACUSE, NY (FHA|USDA|VA) 2 $110,000 $55,000 $0 5.94%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.00%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $105,000 $105,000 $0 2.88%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.13%
Taos, NM (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.00%
GOLDSBORO, NC (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.38%
CHICO, CA (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.88%
Farmington, MO (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.75%
LaGrange, GA-AL (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.00%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.13%
Zanesville, OH (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.25%
WACO, TX (FHA|USDA|VA) 2 $90,000 $45,000 $0 6.00%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $90,000 $45,000 $0 5.06%
Galesburg, IL (FHA|USDA|VA) 1 $85,000 $85,000 $0 3.25%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.38%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.00%
Stillwater, OK (FHA|USDA|VA) 2 $80,000 $40,000 $0 2.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.00%
COLUMBUS, OH (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.25%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.75%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.50%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $75,000 $75,000 $0 3.38%
Orangeburg, SC (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.63%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $75,000 $75,000 $0 3.75%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.88%
BURLINGTON, NC (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.25%
Pottsville, PA (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.50%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.50%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.13%
BOISE CITY, ID (FHA|USDA|VA) 1 $65,000 $65,000 $519 8.00%
MADERA, CA (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.88%
Dublin, GA (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.25%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.75%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.50%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Silver City, NM (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.00%
GAINESVILLE, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.63%
COLUMBIA, SC (FHA|USDA|VA) 1 $55,000 $55,000 $0 8.00%
ROME, GA (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.38%
AKRON, OH (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.38%
YAKIMA, WA (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.00%
KANKAKEE, IL (FHA|USDA|VA) 1 $45,000 $45,000 $0 3.13%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $45,000 $45,000 $0 3.13%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.75%
ROCKFORD, IL (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.63%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $35,000 $35,000 $0 7.00%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.63%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.25%
LAKE CHARLES, LA (FHA|USDA|VA) 1 $25,000 $25,000 $0 6.00%
ENID, OK (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%
Brownwood, TX (FHA|USDA|VA) 1 $15,000 $15,000 $0 4.50%
FORT WAYNE, IN (FHA|USDA|VA) 1 $15,000 $15,000 $0 7.00%
EL PASO, TX (FHA|USDA|VA) 1 $15,000 $15,000 $0 6.50%
Midfirst Bank's top markets include Los Angeles, Phoenix, Oklahoma City, Denver, and Santa Maria among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,877 $1,599,575,000 $852,198 $6,966 4.76%
    HELOC 470 $228,620,000 $486,426 n/a 2.88%
    FHA 248 $25,980,000 $104,758 $3,501 4.50%
    VA 38 $5,960,000 $156,842 $6,920 5.01%
    USDA 1 $95,000 $95,000 $0 3.38%

    For 2022, Midfirst Bank's most frequently originated type of loan was Conventional, with 1,877 originations. Their 2nd most popular type was HELOC, with 470 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,272 $1,200,130,000 $943,498 $8,204 4.73%
    Refi 594 $446,730,000 $752,071 $4,896 4.38%
    Other 429 $134,385,000 $313,252 $3,673 4.38%
    Home Improvement 241 $49,515,000 $205,456 $1,898 2.86%
    Cash Out Refi 98 $29,470,000 $300,714 $4,083 4.08%

    For 2022, Midfirst Bank's most frequently cited loan purpose was Home Purchase, with 1,272 originations. The 2nd most popular reason was Refi, with 594 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,275 $1,044,465,000 $819,188 $7,788 4.65%
    Other 652 $313,430,000 $480,721 $4,654 3.26%
    10 Year 370 $193,170,000 $522,081 $2,897 4.99%
    15 Year 105 $43,635,000 $415,571 $3,843 4.39%
    5 Year 101 $98,475,000 $975,000 $129 5.29%
    1 Year 57 $70,465,000 $1,236,228 $8,735 5.15%
    20 Year 38 $8,380,000 $220,526 $1,873 5.92%
    3 Year 35 $87,005,000 $2,485,857 $0 5.02%
    30+ year 1 $1,205,000 $1,205,000 $46,767 3.50%

    For 2022, Midfirst Bank's most frequently cited loan duration was 30 Year, with 1,275 originations. The 2nd most popular length was Other, with 652 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 915 $538,965,000 $589,033
    $5k+ 208 $342,890,000 $1,648,510
    $1k-2k 79 $29,295,000 $370,823
    $2k-3k 33 $19,035,000 $576,818
    $4k-5k 21 $13,945,000 $664,048
    $3k-4k 18 $11,420,000 $634,444

    Midfirst Bank's average total fees were $7,788, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 915 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 685 $570,945,000 $833,496
    5-6% 654 $449,770,000 $687,722
    3-4% 650 $498,850,000 $767,462
    6-7% 242 $194,300,000 $802,893
    <2.5% 230 $28,700,000 $124,783
    2.5-3% 106 $94,380,000 $890,377
    7-8% 45 $22,055,000 $490,111
    Over 8% 21 $1,125,000 $53,571
    % 1 $105,000 $105,000

    During 2022, Midfirst Bank's average interest rate for loans was 4.65%, while their most frequently originated rate bucket for loans was 4-5%, with 685 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 537 $153,575,000 $285,987 $3,957 4.63%
    $1MM+ 523 $1,207,735,000 $2,309,245 $15,703 4.66%
    $100,000 or less 510 $27,800,000 $54,510 $219 3.58%
    $100k-200k 416 $59,240,000 $142,404 $3,349 4.32%
    $600k-1MM 349 $265,655,000 $761,189 $6,524 4.70%
    $400k-600k 299 $146,225,000 $489,047 $4,827 4.71%

    2022 saw Midfirst Bank place emphasis on $200k-400k loans with 537 originations, totaling $153,575,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 714 $760,380,000 $1,064,958 $9,824 4.64%
    $100k-150k 228 $61,680,000 $270,526 $4,062 3.74%
    $50k-75k 198 $34,160,000 $172,525 $3,336 3.89%
    $150k-250k 196 $84,840,000 $432,857 $4,990 4.03%
    $50k or less 129 $13,355,000 $103,527 $2,317 3.79%
    $75k-100k 118 $24,940,000 $211,356 $3,725 3.45%

    Midfirst Bank lent most frequently to those with incomes in the $250k+ range, with 714 originations. The second most popular income band? $100k-150k, with 228 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 372 $218,700,000 $587,903 $6,000 3.85%
    30-36% 268 $134,490,000 $501,828 $5,932 4.04%
    <20% 257 $200,985,000 $782,043 $7,673 4.00%
    50-60% 125 $121,865,000 $974,920 $10,927 5.10%
    >60% 83 $72,355,000 $871,747 $10,734 5.04%
    42% 73 $24,295,000 $332,808 $4,378 3.62%
    43% 50 $27,920,000 $558,400 $4,057 4.61%
    37% 48 $26,090,000 $543,542 $6,882 3.59%
    41% 48 $26,510,000 $552,292 $4,881 4.42%
    38% 47 $18,465,000 $392,872 $5,442 3.79%
    40% 45 $16,745,000 $372,111 $4,079 4.11%
    36% 42 $20,020,000 $476,667 $5,390 4.38%
    39% 42 $21,180,000 $504,286 $5,776 3.86%
    44% 41 $23,695,000 $577,927 $6,884 4.81%
    46% 26 $19,440,000 $747,692 $5,258 4.81%
    49% 26 $22,140,000 $851,538 $10,076 4.46%
    48% 25 $16,945,000 $677,800 $11,059 4.29%
    45% 24 $13,030,000 $542,917 $7,723 4.51%
    47% 22 $20,560,000 $934,545 $8,461 4.71%

    Midfirst Bank lent most frequently to those with DTI ratios of 20-30%, with 372 originations. The next most common DTI ratio? 30-36%, with 268 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 725 $797,445,000 $1,099,924 $11,502 4.82%
    White 1,373 $761,195,000 $554,403 $6,364 4.12%
    Not provided 274 $197,280,000 $720,000 $8,688 4.70%
    Black 147 $48,155,000 $327,585 $5,819 4.65%
    Asian 71 $42,755,000 $602,183 $5,447 4.28%
    American Indian 28 $5,370,000 $191,786 $3,294 3.92%
    Asian Indian 3 $2,545,000 $848,333 $7,290 3.63%
    Other Asian 3 $1,955,000 $651,667 $5,169 4.00%
    Filipino 3 $1,585,000 $528,333 $1,781 3.78%
    Japanese 1 $855,000 $855,000 $6,824 4.75%
    1 $805,000 $805,000 $3,209 3.10%
    Native Hawaiian or Islander 3 $155,000 $51,667 $0 5.55%
    Other Pacific Islander 1 $85,000 $85,000 $0 0.00%
    Korean 1 $45,000 $45,000 $0 6.00%

    Approval Rates

    Total approvals of all applications
    98.30%

    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
    84.70%

    Midfirst Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,634 $1,860,230,000 $706,238

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,634 $1,860,230,000 $706,238

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 276 $210,110,000 $761,268 $6,463 4.02%
    40-60% 392 $499,690,000 $1,274,719 $9,521 4.34%
    60-80% 847 $795,685,000 $939,416 $9,040 4.48%
    80-100% 517 $241,075,000 $466,296 $5,305 4.76%
    Over 100% 5 $2,065,000 $413,000 $3,210 4.22%
    Under 20% 326 $72,770,000 $223,221 $1,139 3.71%