Midsouth Bank Mortgage Rates, Fees & Info

Dothan, AL

LEI: 5493007O9PUUYS1SVR64

Tax ID: 63-0011444

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

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Midsouth Bank is a smaller bank specializing in Home Purchase and Other loans. Midsouth Bank has a high proportion of conventional loans. Their top markets by origination volume include: Panama City, Dothan, Crestview, Alexander City, and Auburn among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Midsouth Bank has an average approval rate when compared to the average across all lenders.

    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.


    Originations

    32

    Origination Dollar Volume (All Markets)

    $7,000,000

    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
    PANAMA CITY, FL (FHA|USDA|VA) 7 $2,355,000 $336,429 $0 0.00%
    DOTHAN, AL (FHA|USDA|VA) 15 $1,485,000 $99,000 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $1,445,000 $481,667 $0 0.00%
    Alexander City, AL (FHA|USDA|VA) 1 $525,000 $525,000 $0 0.00%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 3 $445,000 $148,333 $0 0.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    TUSCALOOSA, AL (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
    Eufaula, AL-GA (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    Midsouth Bank's top markets include Panama City, Dothan, Crestview, Alexander City, and Auburn among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 32 $7,000,000 $218,750 $0 0.00%

    For 2018, Midsouth Bank's most frequently originated type of loan was Conventional, with 32 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 20 $3,890,000 $194,500 $0 0.00%
    Refi 7 $1,295,000 $185,000 $0 0.00%
    Other 3 $1,595,000 $531,667 $0 0.00%
    Home Improvement 2 $220,000 $110,000 $0 0.00%

    For 2018, Midsouth Bank's most frequently cited loan purpose was Home Purchase, with 20 originations. The 2nd most popular reason was Refi, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 32 $7,000,000 $218,750 $0 0.00%

    For 2018, Midsouth Bank's most frequently cited loan duration was Other, with 32 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 13 $625,000 $48,077 $0 0.00%
    $200k-400k 7 $2,015,000 $287,857 $0 0.00%
    $100k-200k 6 $900,000 $150,000 $0 0.00%
    $400k-600k 4 $1,820,000 $455,000 $0 0.00%
    $600k-1MM 2 $1,640,000 $820,000 $0 0.00%

    2018 saw Midsouth Bank place emphasis on $100,000 or less loans with 13 originations, totaling $625,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 6 $2,610,000 $435,000 $0 0.00%
    $50k-75k 5 $655,000 $131,000 $0 0.00%
    $75k-100k 4 $480,000 $120,000 $0 0.00%
    $150k-250k 3 $1,175,000 $391,667 $0 0.00%
    $100k-150k 2 $180,000 $90,000 $0 0.00%
    $50k or less 2 $230,000 $115,000 $0 0.00%

    Midsouth Bank lent most frequently to those with incomes in the $250k+ range, with 6 originations. The second most popular income band? $50k-75k, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 32 $7,000,000 $218,750 $0 0.00%

    Midsouth Bank lent most frequently to those with DTI ratios of Exempt%, with 32 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 22 $5,330,000 $242,273 $0 0.00%
    Not applicable 10 $1,670,000 $167,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.49%

    Midsouth Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 32 $7,000,000 $218,750

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $60,000 $30,000
    Single Family (1-4 Units):Site-Built 30 $6,940,000 $231,333

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Midwest Loan Services, Inc. Conventional home mortgage Trouble during payment process 2 66.7%
    Midwest Loan Services, Inc. FHA mortgage Trouble during payment process 1 33.3%