Mid-america Bank Mortgage Rates, Fees & Info

Baldwin City, KS

LEI: 549300214PKB2Y1ZWH75

Tax ID: 48-0435820

5 stars - Updated: 4/5/25 - out of 5 stars, based on 23 reviews

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Mid-america Bank is a smaller bank specializing in Home Purchase loans. Mid-america Bank has a high proportion of conventional loans. Their top markets by origination volume include: Lawrence, Kansas City, Topeka, Ottawa, and Phoenix among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Mid-america 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. Mid-america Bank is typically a low 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
    30 Year Conventional Purchase 7.02% 4/5/25
    30 Year Conventional Refi 6.97% 4/5/25
    30 Year Cash-out Refi 6.88% 4/5/25
    15 Year Conventional Purchase 6.40% 4/5/25
    15 Year Conventional Refi 7.01% 4/5/25
    15 Year Cash-out Refi 7.01% 4/5/25
    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.

    Mid-america Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Mid-america 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

    533

    Origination Dollar Volume (All Markets)

    $139,355,000
    Show all (5) awards

    Relative Rate

    Mid-america Bank's average 30 year fixed mortgage rate was 7.11%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.56%.

    Relative Fees (Closing Costs)

    Mid-america Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $2,418.

    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 $8,356.

    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
    LAWRENCE, KS (FHA|USDA|VA) 226 $57,460,000 $254,248 $2,342 7.45%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 177 $51,465,000 $290,763 $2,412 7.56%
    TOPEKA, KS (FHA|USDA|VA) 70 $12,900,000 $184,286 $2,298 7.51%
    Ottawa, KS (FHA|USDA|VA) 28 $5,940,000 $212,143 $1,996 7.78%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $3,605,000 $3,605,000 $4,814 7.50%
    Outside of Metro Areas 10 $1,830,000 $183,000 $2,337 7.19%
    Atchison, KS (FHA|USDA|VA) 2 $1,680,000 $840,000 $0 7.25%
    WICHITA, KS (FHA|USDA|VA) 6 $940,000 $156,667 $2,411 7.44%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $665,000 $665,000 $3,041 6.50%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $545,000 $545,000 $5,849 6.88%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $365,000 $365,000 $0 8.50%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $365,000 $365,000 $2,541 6.50%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $345,000 $345,000 $4,971 8.00%
    Branson, MO (FHA|USDA|VA) 1 $345,000 $345,000 $0 7.75%
    Hays, KS (FHA|USDA|VA) 2 $320,000 $160,000 $1,949 7.19%
    MANHATTAN, KS (FHA|USDA|VA) 2 $290,000 $145,000 $2,301 7.38%
    Durant, OK (FHA|USDA|VA) 1 $215,000 $215,000 $3,211 7.00%
    Hutchinson, KS (FHA|USDA|VA) 1 $55,000 $55,000 $0 8.50%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $25,000 $25,000 $1,739 7.75%
    Mid-america Bank's top markets include Lawrence, Kansas City, Topeka, Ottawa, and Phoenix among others.

    Their top states include:
  • Kansas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Mid-America Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Central National Bank
    Similarity Rank: 100
    Bank of the Flint Hills
    Similarity Rank: 133
    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 154
    CoreFirst Bank & Trust
    Similarity Rank: 169
    Azura Credit Union
    Similarity Rank: 180
    Envista Credit Union
    Similarity Rank: 260
    FRONTIER COMMUNITY CREDIT UNION
    Similarity Rank: 602
    Hawthorn Bank
    Similarity Rank: 735
    Oakstar Bank
    Similarity Rank: 893
    Landmark National Bank
    Similarity Rank: 945

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 533 $139,355,000 $261,454 $2,366 7.51%

    For 2024, Mid-america Bank's most frequently originated type of loan was Conventional, with 533 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 365 $102,575,000 $281,027 $2,628 7.49%
    Refi 91 $19,865,000 $218,297 $1,710 7.36%
    Other 28 $6,710,000 $239,643 $1,945 8.14%
    Home Improvement 27 $3,035,000 $112,407 $1,867 8.15%
    Cash Out Refi 22 $7,170,000 $325,909 $2,460 6.82%

    For 2024, Mid-america Bank's most frequently cited loan purpose was Home Purchase, with 365 originations. The 2nd most popular reason was Refi, with 91 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 299 $87,105,000 $291,321 $2,418 7.11%
    Other 82 $19,620,000 $239,268 $2,951 8.16%
    15 Year 55 $6,945,000 $126,273 $1,740 7.82%
    1 Year 53 $17,805,000 $335,943 $2,887 8.13%
    20 Year 33 $7,315,000 $221,667 $2,260 7.77%
    10 Year 8 $380,000 $47,500 $1,119 8.25%
    5 Year 3 $185,000 $61,667 $1,663 7.17%

    For 2024, Mid-america Bank's most frequently cited loan duration was 30 Year, with 299 originations. The 2nd most popular length was Other, with 82 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 328 $90,970,000 $277,348
    $1k-2k 11 $2,285,000 $207,727
    $3k-4k 9 $4,285,000 $476,111
    $2k-3k 8 $2,690,000 $336,250
    $4k-5k 5 $2,325,000 $465,000
    $5k+ 1 $275,000 $275,000

    Mid-america Bank's average total fees were $2,418, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 328 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 186 $53,340,000 $286,774
    7-8% 174 $51,910,000 $298,333
    Over 8% 157 $30,235,000 $192,580
    5-6% 15 $3,725,000 $248,333
    4-5% 1 $145,000 $145,000

    During 2024, Mid-america Bank's average interest rate for loans was 7.11%, while their most frequently originated rate bucket for loans was 6-7%, with 186 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 211 $58,045,000 $275,095 $2,403 7.41%
    $100k-200k 152 $22,850,000 $150,329 $2,212 7.48%
    $100,000 or less 82 $5,150,000 $62,805 $1,566 8.04%
    $400k-600k 54 $25,860,000 $478,889 $2,981 7.31%
    $600k-1MM 31 $21,545,000 $695,000 $2,932 7.27%
    $1MM+ 3 $5,905,000 $1,968,333 $4,246 7.13%

    2024 saw Mid-america Bank place emphasis on $200k-400k loans with 211 originations, totaling $58,045,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 110 $36,300,000 $330,000 $2,586 7.26%
    $100k-150k 107 $24,445,000 $228,458 $2,160 7.45%
    $250k+ 76 $29,980,000 $394,474 $2,490 7.36%
    $50k-75k 60 $9,150,000 $152,500 $2,103 7.34%
    $75k-100k 53 $12,235,000 $230,849 $2,691 7.39%
    $50k or less 22 $2,820,000 $128,182 $1,980 7.15%

    Mid-america Bank lent most frequently to those with incomes in the $150k-250k range, with 110 originations. The second most popular income band? $100k-150k, with 107 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 103 $24,945,000 $242,184 $2,231 7.17%
    30-36% 68 $20,140,000 $296,176 $2,399 7.32%
    <20% 36 $7,960,000 $221,111 $2,141 7.06%
    >60% 18 $6,530,000 $362,778 $3,099 8.04%
    41% 17 $4,445,000 $261,471 $2,509 7.17%
    37% 17 $4,735,000 $278,529 $2,338 7.12%
    50-60% 17 $3,175,000 $186,765 $2,336 8.35%
    36% 13 $3,975,000 $305,769 $2,673 7.12%
    43% 12 $3,470,000 $289,167 $2,573 7.10%
    40% 10 $3,900,000 $390,000 $2,525 7.16%
    38% 10 $3,720,000 $372,000 $2,479 6.93%
    49% 9 $2,995,000 $332,778 $2,095 7.25%
    45% 9 $2,665,000 $296,111 $2,198 6.85%
    39% 9 $1,815,000 $201,667 $2,246 6.86%
    42% 8 $2,160,000 $270,000 $2,420 6.88%
    47% 8 $2,940,000 $367,500 $2,319 7.48%
    44% 7 $2,605,000 $372,143 $2,723 6.88%
    48% 6 $1,360,000 $226,667 $1,957 6.98%
    46% 6 $2,600,000 $433,333 $2,283 7.54%

    Mid-america Bank lent most frequently to those with DTI ratios of 20-30%, with 103 originations. The next most common DTI ratio? 30-36%, with 68 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 388 $106,800,000 $275,258 $2,361 7.35%
    Not applicable 101 $23,285,000 $230,545 $0 8.20%
    Not provided 31 $6,585,000 $212,419 $2,371 7.29%
    Asian 6 $1,500,000 $250,000 $2,539 7.33%
    Black 4 $750,000 $187,500 $3,263 6.72%
    Native Hawaiian or Islander 2 $410,000 $205,000 $2,009 7.81%
    American Indian 1 $25,000 $25,000 $1,262 9.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Mid-america 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
    93.25%

    Mid-america Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 533 $139,355,000 $261,454

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    533 $139,355,000 $261,454

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 48 $7,300,000 $152,083 $2,048 7.57%
    40-60% 64 $17,310,000 $270,469 $2,335 7.35%
    60-80% 242 $70,590,000 $291,694 $2,443 7.60%
    80-100% 125 $39,575,000 $316,600 $2,739 7.17%
    Over 100% 1 $365,000 $365,000 $4,344 8.00%
    Under 20% 53 $4,215,000 $79,528 $1,505 8.00%