Midsouth Bank Mortgage Rates, Fees & Info
Dothan, ALLEI: 5493007O9PUUYS1SVR64
Tax ID: 63-0011444
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Mortgage Data
Review & Overview
Midsouth Bank is a smaller bank specializing in Home Purchase and Refi loans. Midsouth Bank has a high proportion of conventional loans. Their top markets by origination volume include: Auburn, Panama City, Dothan, Birmingham, and Eufaula among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Midsouth Bank has an above average approval rate when compared to the average across all lenders.
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Originations
46Origination Dollar Volume (All Markets)
$8,160,000Top 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 |
|---|---|---|---|---|---|
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 7 | $2,135,000 | $305,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 9 | $1,805,000 | $200,556 | $0 | 0.00% |
| DOTHAN, AL (FHA|USDA|VA) | 19 | $1,385,000 | $72,895 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $1,325,000 | $1,325,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $830,000 | $415,000 | $0 | 0.00% |
| Eufaula, AL-GA (FHA|USDA|VA) | 5 | $345,000 | $69,000 | $0 | 0.00% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Enterprise, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 46 | $8,160,000 | $177,391 | $0 | 0.00% |
For 2019, Midsouth Bank's most frequently originated type of loan was Conventional, with 46 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 32 | $5,840,000 | $182,500 | $0 | 0.00% |
| Refi | 13 | $2,135,000 | $164,231 | $0 | 0.00% |
| Other | 1 | $185,000 | $185,000 | $0 | 0.00% |
For 2019, Midsouth Bank's most frequently cited loan purpose was Home Purchase, with 32 originations. The 2nd most popular reason was Refi, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 46 | $8,160,000 | $177,391 | $0 | 0.00% |
For 2019, Midsouth Bank's most frequently cited loan duration was Other, with 46 originations.
Loan Sizing
2019 saw Midsouth Bank place emphasis on $100,000 or less loans with 24 originations, totaling $1,410,000 in origination value.
Applicant Income
Midsouth Bank lent most frequently to those with incomes in the $50k or less range, with 8 originations. The second most popular income band? $250k+, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 46 | $8,160,000 | $177,391 | $0 | 0.00% |
Midsouth Bank lent most frequently to those with DTI ratios of Exempt%, with 46 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.16%
Midsouth Bank has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 46 | $8,160,000 | $177,391 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 3 | $115,000 | $38,333 |
| Single Family (1-4 Units):Site-Built | 43 | $8,045,000 | $187,093 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MIDWEST EQUITY MORTGAGE, LLC | FHA mortgage | Closing on a mortgage | 1 | 100.0% |