Mid-america Bank Mortgage Rates, Fees & Info

Baldwin City, KS

LEI: 549300214PKB2Y1ZWH75

Tax ID: 48-0435820

5 stars - out of 5 stars, based on 26 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 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.

    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% 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.


    Originations

    663

    Origination Dollar Volume (All Markets)

    $156,425,000
    Show all (6) awards

    Relative Rate

    Mid-america Bank's average 30 year fixed mortgage rate was 5.16%.

    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.

    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) 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%
    Mid-america Bank's top markets include Lawrence, Kansas City, Topeka, Ottawa, and Dallas among others.

    Their top states include:
  • Kansas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Oklahoma (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.

    Bank of the Flint Hills
    Similarity Rank: 84
    Azura Credit Union
    Similarity Rank: 280
    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 480
    FRONTIER COMMUNITY CREDIT UNION
    Similarity Rank: 594
    MERITRUST Federal Credit Union
    Similarity Rank: 645
    CoreFirst Bank & Trust
    Similarity Rank: 780
    U S WIDE FINANCIAL LLC
    Similarity Rank: 816
    RCB Bank
    Similarity Rank: 1056
    Truity Federal Credit Union
    Similarity Rank: 1122
    Central National Bank
    Similarity Rank: 1846

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 663 $156,425,000 $235,935 $2,304 5.19%

    For 2022, Mid-america Bank's most frequently originated type of loan was Conventional, with 663 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 395 $105,455,000 $266,975 $2,480 5.23%
    Refi 141 $26,975,000 $191,312 $2,049 5.27%
    Cash Out Refi 68 $16,450,000 $241,912 $2,189 4.33%
    Other 40 $4,890,000 $122,250 $1,777 5.71%
    Home Improvement 19 $2,655,000 $139,737 $1,758 5.54%

    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.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 344 $100,230,000 $291,366 $2,473 5.16%
    Other 125 $26,745,000 $213,960 $2,022 5.39%
    15 Year 87 $11,885,000 $136,609 $1,918 4.95%
    20 Year 75 $12,125,000 $161,667 $1,939 5.18%
    1 Year 14 $3,240,000 $231,429 $2,070 5.11%
    30+ year 8 $1,830,000 $228,750 $0 4.56%
    10 Year 8 $310,000 $38,750 $1,455 6.31%
    5 Year 1 $35,000 $35,000 $1,104 6.25%
    3 Year 1 $25,000 $25,000 $1,329 6.50%

    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
    $<1k 399 $95,805,000 $240,113
    $1k-2k 6 $1,310,000 $218,333
    $3k-4k 5 $1,505,000 $301,000
    $4k-5k 2 $590,000 $295,000
    $5k+ 2 $750,000 $375,000
    $2k-3k 1 $575,000 $575,000

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 240 $60,410,000 $251,708
    4-5% 184 $44,370,000 $241,141
    6-7% 112 $22,150,000 $197,768
    3-4% 96 $23,920,000 $249,167
    7-8% 21 $3,815,000 $181,667
    2.5-3% 10 $1,760,000 $176,000

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 270 $75,540,000 $279,778 $2,456 5.08%
    $100k-200k 214 $31,960,000 $149,346 $2,095 5.14%
    $100,000 or less 110 $6,970,000 $63,364 $1,577 5.56%
    $400k-600k 53 $24,735,000 $466,698 $3,019 5.01%
    $600k-1MM 13 $8,865,000 $681,923 $3,693 5.62%
    $1MM+ 3 $8,355,000 $2,785,000 $3,289 5.33%

    2022 saw Mid-america Bank place emphasis on $200k-400k loans with 270 originations, totaling $75,540,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 139 $37,125,000 $267,086 $2,361 5.19%
    $150k-250k 98 $23,990,000 $244,796 $2,414 5.13%
    $75k-100k 92 $16,440,000 $178,696 $2,138 5.23%
    $50k-75k 83 $14,525,000 $175,000 $2,158 5.16%
    $250k+ 66 $20,090,000 $304,394 $2,771 5.37%
    $50k or less 37 $4,555,000 $123,108 $1,967 4.85%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 129 $28,065,000 $217,558 $2,200 4.97%
    30-36% 81 $18,265,000 $225,494 $2,261 5.26%
    <20% 62 $14,210,000 $229,194 $2,505 4.88%
    38% 19 $3,815,000 $200,789 $2,108 5.22%
    37% 18 $4,320,000 $240,000 $2,448 4.99%
    40% 13 $4,385,000 $337,308 $3,403 4.96%
    41% 13 $3,095,000 $238,077 $2,255 4.95%
    43% 12 $2,790,000 $232,500 $2,281 5.31%
    42% 11 $3,355,000 $305,000 $2,404 4.51%
    39% 11 $2,435,000 $221,364 $2,380 4.90%
    44% 10 $2,340,000 $234,000 $2,189 5.21%
    >60% 10 $4,290,000 $429,000 $2,525 5.86%
    50-60% 9 $2,365,000 $262,778 $2,096 5.07%
    36% 8 $1,670,000 $208,750 $2,200 5.88%
    49% 7 $1,715,000 $245,000 $2,347 4.59%
    46% 7 $2,455,000 $350,714 $2,033 4.82%
    47% 6 $1,370,000 $228,333 $1,848 5.21%
    48% 6 $910,000 $151,667 $1,816 4.85%
    45% 3 $1,355,000 $451,667 $2,288 4.54%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 483 $109,765,000 $227,257 $2,310 5.22%
    Not applicable 142 $37,920,000 $267,042 $0 5.24%
    Not provided 26 $6,690,000 $257,308 $2,255 4.38%
    Black 4 $760,000 $190,000 $2,194 4.72%
    Asian 5 $715,000 $143,000 $2,074 5.83%
    American Indian 3 $575,000 $191,667 $2,068 3.96%

    Approval Rates

    Total approvals of all applications
    99.86%

    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
    93.06%

    Mid-america Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 663 $156,425,000 $235,935

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    663 $156,425,000 $235,935

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 37 $5,845,000 $157,973 $1,808 5.10%
    40-60% 92 $20,350,000 $221,196 $2,370 4.99%
    60-80% 319 $86,925,000 $272,492 $2,564 5.17%
    80-100% 165 $40,255,000 $243,970 $2,382 5.10%
    Under 20% 50 $3,050,000 $61,000 $1,382 6.02%

    Complaints

    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%