Mid-america Bank Mortgage Rates, Fees & InfoBaldwin City, KS
Tax ID: 48-0435820
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewMid-america Bank is a smaller bank specializing in loans. Mid-america Bank has a high proportion of conventional loans. Their top markets by origination volume include: Lawrence, Kansas City, Topeka, Ottawa, and Dallas among others. We have data for 22 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 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.
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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.65%||3/30/23|
|30 Year Conventional Refi||6.71%||3/30/23|
|30 Year Cash-out Refi||6.55%||3/30/23|
|15 Year Conventional Purchase||6.40%||3/30/23|
|15 Year Conventional Refi||6.87%||3/30/23|
|15 Year Cash-out Refi||6.87%||3/30/23|
|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.|
Origination Dollar Volume (All Markets)$156,425,000
Mid-america Bank's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.4%.
Relative Fees (Closing Costs)
Mid-america Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,473.
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.
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)||297||$65,305,000||$219,882||$2,259||5.24%|
|KANSAS CITY, MO-KS (FHA|USDA|VA)||211||$58,515,000||$277,322||$2,232||5.12%|
|TOPEKA, KS (FHA|USDA|VA)||59||$10,535,000||$178,559||$2,242||5.38%|
|Ottawa, KS (FHA|USDA|VA)||51||$8,245,000||$161,667||$1,941||5.06%|
|Outside of Metro Areas||19||$4,765,000||$250,789||$2,765||4.88%|
|Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA)||3||$1,325,000||$441,667||$4,203||3.88%|
|CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA)||3||$1,135,000||$378,333||$4,924||5.04%|
|FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA)||2||$920,000||$460,000||$3,525||5.81%|
|WICHITA, KS (FHA|USDA|VA)||4||$880,000||$220,000||$2,494||4.97%|
|DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA)||1||$555,000||$555,000||$2,613||4.13%|
|PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA)||1||$505,000||$505,000||$5,946||5.50%|
|COLORADO SPRINGS, CO (FHA|USDA|VA)||1||$485,000||$485,000||$3,146||6.38%|
|North Port-Sarasota-Bradenton, FL (FHA|USDA|VA)||1||$475,000||$475,000||$5,444||5.50%|
|Kearney, NE (FHA|USDA|VA)||2||$440,000||$220,000||$2,038||6.31%|
|JEFFERSON CITY, MO (FHA|USDA|VA)||1||$415,000||$415,000||$2,736||4.38%|
|HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA)||1||$385,000||$385,000||$4,486||5.88%|
|Branson, MO (FHA|USDA|VA)||1||$345,000||$345,000||$1,989||6.50%|
|Warrensburg, MO (FHA|USDA|VA)||1||$315,000||$315,000||$2,272||5.50%|
|AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA)||1||$295,000||$295,000||$4,014||3.88%|
|TULSA, OK (FHA|USDA|VA)||1||$255,000||$255,000||$0||5.25%|
|MANHATTAN, KS (FHA|USDA|VA)||1||$245,000||$245,000||$2,291||5.25%|
|Pittsburg, KS (FHA|USDA|VA)||1||$85,000||$85,000||$0||7.63%|
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.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Mid-america Bank's most frequently originated type of loan was Conventional, with 663 originations.
For 2022, Mid-america Bank's most frequently cited loan purpose was Home Purchase, with 395 originations. The 2nd most popular reason was Refi, with 141 originations.
For 2022, Mid-america Bank's most frequently cited loan duration was 30 Year, with 344 originations. The 2nd most popular length was Other, with 125 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Mid-america Bank's average total fees were $2,473, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 399 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2022, Mid-america Bank's average interest rate for loans was 5.16%, while their most frequently originated rate bucket for loans was 5-6%, with 240 originations.
2022 saw Mid-america Bank place emphasis on $200k-400k loans with 270 originations, totaling $75,540,000 in origination value.
Mid-america Bank lent most frequently to those with incomes in the $100k-150k range, with 139 originations. The second most popular income band? $150k-250k, with 98 originations.
Applicant Debt to Income Ratio
Mid-america Bank lent most frequently to those with DTI ratios of 20-30%, with 129 originations. The next most common DTI ratio? 30-36%, with 81 originations.
Approval RatesTotal approvals of all applications
Mid-america Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Mid-america Bank has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2022 CPFB Complaints||% of Total Issues|
|MidAmerica Mortgage Inc||Conventional home mortgage||Struggling to pay mortgage||1||50.0%|
|MidAmerica Mortgage Inc||FHA mortgage||Struggling to pay mortgage||1||50.0%|