Mid-america Bank Mortgage Rates, Fees & Info
Baldwin City, KSLEI: 549300214PKB2Y1ZWH75
Tax ID: 48-0435820
Latest/2022 | 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 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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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
663Origination Dollar Volume (All Markets)
$156,425,000Relative 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% |
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.
Similarity Rank: 84
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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
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
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
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
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
2022 saw Mid-america Bank place emphasis on $200k-400k loans with 270 originations, totaling $75,540,000 in origination value.
Applicant Income
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.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.86%
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 origination93.06%
Mid-america Bank has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 663 | $156,425,000 | $235,935 |
LTV Distribution
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% |