Mid-america Bank Mortgage Rates, Fees & Info

Baldwin City, KS

LEI: 549300214PKB2Y1ZWH75

Tax ID: 48-0435820

5 stars - Updated: 12/9/24 - out of 5 stars, based on 21 reviews

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

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Mortgage Data

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, Ottawa, Topeka, and Gardnerville Ranchos among others. We have data for 21 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 6.65% 12/9/24
30 Year Conventional Refi 6.71% 12/9/24
30 Year Cash-out Refi 6.55% 12/9/24
15 Year Conventional Purchase 6.40% 12/9/24
15 Year Conventional Refi 6.87% 12/9/24
15 Year Cash-out Refi 6.87% 12/9/24
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.

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

455

Origination Dollar Volume (All Markets)

$114,095,000
Show all (6) awards

Relative Rate

Mid-america Bank's average 30 year fixed mortgage rate was 7.13%.

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

This yields a difference of 0.65%.

Relative Fees (Closing Costs)

Mid-america Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $2,369.

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
LAWRENCE, KS (FHA|USDA|VA) 202 $49,390,000 $244,505 $2,062 7.47%
KANSAS CITY, MO-KS (FHA|USDA|VA) 149 $44,985,000 $301,913 $2,332 7.68%
Ottawa, KS (FHA|USDA|VA) 27 $5,405,000 $200,185 $1,926 7.71%
TOPEKA, KS (FHA|USDA|VA) 41 $5,305,000 $129,390 $2,052 7.60%
Outside of Metro Areas 11 $1,565,000 $142,273 $1,899 7.41%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $1,285,000 $1,285,000 $7,198 8.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $1,260,000 $630,000 $4,937 6.69%
WICHITA, KS (FHA|USDA|VA) 3 $865,000 $288,333 $2,059 7.79%
Branson, MO (FHA|USDA|VA) 2 $810,000 $405,000 $3,084 7.38%
PITTSBURGH, PA (FHA|USDA|VA) 1 $465,000 $465,000 $5,607 6.63%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $395,000 $395,000 $7,324 6.25%
Atchison, KS (FHA|USDA|VA) 3 $385,000 $128,333 $841 7.83%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $385,000 $385,000 $4,529 8.25%
Emporia, KS (FHA|USDA|VA) 2 $370,000 $185,000 $2,806 7.75%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $295,000 $295,000 $4,400 6.50%
Hutchinson, KS (FHA|USDA|VA) 3 $215,000 $71,667 $0 7.83%
Sedalia, MO (FHA|USDA|VA) 1 $195,000 $195,000 $2,172 5.88%
LINCOLN, NE (FHA|USDA|VA) 1 $175,000 $175,000 $2,210 6.88%
MANHATTAN, KS (FHA|USDA|VA) 1 $125,000 $125,000 $2,182 6.50%
Pittsburg, KS (FHA|USDA|VA) 1 $125,000 $125,000 $0 7.50%
GREELEY, CO (FHA|USDA|VA) 1 $95,000 $95,000 $3,150 8.00%
Mid-america Bank's top markets include Lawrence, Kansas City, Ottawa, Topeka, and Gardnerville Ranchos among others.

Their top states include:
  • Kansas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Pennsylvania (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.

    CoreFirst Bank & Trust
    Similarity Rank: 90
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    Similarity Rank: 120
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 455 $114,095,000 $250,758 $2,205 7.56%

    For 2023, Mid-america Bank's most frequently originated type of loan was Conventional, with 455 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 320 $91,390,000 $285,594 $2,495 7.43%
    Refi 70 $13,530,000 $193,286 $1,510 7.77%
    Other 43 $4,165,000 $96,860 $1,609 8.14%
    Cash Out Refi 12 $3,920,000 $326,667 $2,194 6.99%
    Home Improvement 10 $1,090,000 $109,000 $1,319 8.40%

    For 2023, Mid-america Bank's most frequently cited loan purpose was Home Purchase, with 320 originations. The 2nd most popular reason was Refi, with 70 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 253 $77,135,000 $304,881 $2,369 7.13%
    Other 84 $17,740,000 $211,190 $2,134 8.00%
    15 Year 54 $6,710,000 $124,259 $1,661 8.33%
    20 Year 26 $6,200,000 $238,462 $1,788 7.90%
    1 Year 25 $5,825,000 $233,000 $2,397 8.07%
    10 Year 10 $420,000 $42,000 $1,461 8.40%
    5 Year 3 $65,000 $21,667 $989 7.83%

    For 2023, Mid-america Bank's most frequently cited loan duration was 30 Year, with 253 originations. The 2nd most popular length was Other, with 84 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 286 $75,640,000 $264,476
    $1k-2k 17 $2,795,000 $164,412
    $2k-3k 8 $1,840,000 $230,000
    $4k-5k 3 $1,435,000 $478,333
    $3k-4k 1 $595,000 $595,000
    $5k+ 1 $445,000 $445,000

    Mid-america Bank's average total fees were $2,369, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 286 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 158 $27,990,000 $177,152
    6-7% 148 $48,050,000 $324,662
    7-8% 139 $35,045,000 $252,122
    5-6% 8 $1,820,000 $227,500
    <2.5% 1 $475,000 $475,000
    3-4% 1 $715,000 $715,000

    During 2023, Mid-america Bank's average interest rate for loans was 7.13%, while their most frequently originated rate bucket for loans was Over 8%, with 158 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 151 $42,425,000 $280,960 $2,346 7.36%
    $100k-200k 124 $18,700,000 $150,806 $1,931 7.64%
    $100,000 or less 103 $6,175,000 $59,951 $1,610 8.10%
    $400k-600k 50 $23,920,000 $478,400 $2,836 7.12%
    $600k-1MM 24 $16,540,000 $689,167 $2,757 6.99%
    $1MM+ 3 $6,335,000 $2,111,667 $7,198 7.58%

    2023 saw Mid-america Bank place emphasis on $200k-400k loans with 151 originations, totaling $42,425,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 96 $22,890,000 $238,438 $2,193 7.48%
    $150k-250k 81 $24,195,000 $298,704 $2,191 7.55%
    $50k-75k 62 $8,790,000 $141,774 $2,131 7.49%
    $250k+ 57 $21,525,000 $377,632 $2,616 7.11%
    $75k-100k 53 $11,305,000 $213,302 $2,137 7.54%
    $50k or less 23 $2,205,000 $95,870 $1,747 7.31%

    Mid-america Bank lent most frequently to those with incomes in the $100k-150k range, with 96 originations. The second most popular income band? $150k-250k, with 81 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 69 $15,275,000 $221,377 $2,079 7.30%
    30-36% 60 $17,700,000 $295,000 $2,160 7.08%
    <20% 33 $6,925,000 $209,848 $2,312 7.19%
    >60% 19 $6,185,000 $325,526 $2,661 8.09%
    41% 17 $3,685,000 $216,765 $2,083 7.45%
    40% 15 $4,555,000 $303,667 $2,302 7.47%
    43% 14 $5,020,000 $358,571 $2,127 7.39%
    50-60% 14 $2,770,000 $197,857 $1,855 8.23%
    37% 13 $2,675,000 $205,769 $2,045 7.46%
    39% 11 $3,905,000 $355,000 $2,948 6.93%
    36% 10 $2,130,000 $213,000 $2,144 7.23%
    44% 10 $2,550,000 $255,000 $1,774 7.39%
    38% 9 $2,225,000 $247,222 $2,260 7.19%
    42% 8 $2,860,000 $357,500 $2,867 6.92%
    45% 8 $1,830,000 $228,750 $2,166 7.45%
    46% 4 $790,000 $197,500 $1,774 7.66%
    47% 3 $1,015,000 $338,333 $2,483 7.08%
    48% 2 $1,070,000 $535,000 $2,530 7.13%
    49% 1 $95,000 $95,000 $2,342 6.00%

    Mid-america Bank lent most frequently to those with DTI ratios of 20-30%, with 69 originations. The next most common DTI ratio? 30-36%, with 60 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 350 $84,770,000 $242,200 $2,195 7.46%
    Not applicable 79 $22,295,000 $282,215 $0 8.10%
    Not provided 21 $5,775,000 $275,000 $2,452 7.34%
    Asian 3 $615,000 $205,000 $1,646 6.71%
    American Indian 1 $395,000 $395,000 $2,076 6.75%
    Black 1 $245,000 $245,000 $0 7.50%

    Approval Rates

    Total approvals of all applications
    99.39%

    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
    92.75%

    Mid-america Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 455 $114,095,000 $250,758

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    455 $114,095,000 $250,758

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 50 $7,420,000 $148,400 $1,908 7.53%
    40-60% 70 $20,900,000 $298,571 $2,206 7.33%
    60-80% 173 $51,315,000 $296,618 $2,408 7.62%
    80-100% 103 $30,035,000 $291,602 $2,582 7.26%
    Over 100% 1 $405,000 $405,000 $1,949 8.00%
    Under 20% 58 $4,020,000 $69,310 $1,455 8.20%