Midland Mortgage Corporation Rates, Fees & Info
COLUMBIA, SCLEI: 5493008B783OSGFDLN78
Tax ID: 57-0645910
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Midland Mortgage Corporation is a smaller mortgage company specializing in Home Purchase and Refi loans. Midland Mortgage Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Charleston, Columbia, Washington, Charlotte, and Spartanburg among others. We have data for 79 markets. (Some data included below & more in-depth data is available with an active subscription.)Midland Mortgage Corporation 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. Midland Mortgage Corporation 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 | 6.84% | 12/16/24 |
| 30 Year Conventional Refi | 6.85% | 12/16/24 |
| 30 Year Cash-out Refi | 6.91% | 12/16/24 |
| 30 Year FHA Purchase | 7.53% | 12/16/24 |
| 30 Year FHA Refi | 7.27% | 12/16/24 |
| 30 Year VA Purchase | 6.53% | 12/16/24 |
| 30 Year VA Refi | 6.67% | 12/16/24 |
| 30 Year USDA Purchase | 6.92% | 12/16/24 |
| 15 Year Conventional Purchase | 6.36% | 12/16/24 |
| 15 Year Conventional Refi | 6.69% | 12/16/24 |
| 15 Year Cash-out Refi | 6.69% | 12/16/24 |
| 15 Year FHA Refi | 5.68% | 12/16/24 |
| 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. | ||
Midland Mortgage Corporation Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Midland Mortgage Corporation. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,943Origination Dollar Volume (All Markets)
$479,755,000Awards
MIDLAND MORTGAGE CORPORATION - 2020
MIDLAND MORTGAGE CORPORATION is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
Work for MIDLAND MORTGAGE CORPORATION?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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 |
|---|---|---|---|---|---|
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 889 | $250,445,000 | $281,715 | $4,289 | 2.96% |
| COLUMBIA, SC (FHA|USDA|VA) | 471 | $102,425,000 | $217,463 | $3,698 | 3.21% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 85 | $24,595,000 | $289,353 | $3,912 | 2.77% |
| Outside of Metro Areas | 78 | $14,280,000 | $183,077 | $3,587 | 3.03% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 36 | $10,440,000 | $290,000 | $6,327 | 3.19% |
| SPARTANBURG, SC (FHA|USDA|VA) | 61 | $10,325,000 | $169,262 | $3,239 | 3.13% |
| Gaffney, SC (FHA|USDA|VA) | 57 | $9,565,000 | $167,807 | $2,794 | 3.26% |
| LYNCHBURG, VA (FHA|USDA|VA) | 26 | $5,140,000 | $197,692 | $3,213 | 2.99% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 11 | $3,735,000 | $339,545 | $6,038 | 2.77% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 15 | $3,625,000 | $241,667 | $4,742 | 3.27% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 14 | $3,510,000 | $250,714 | $4,344 | 3.04% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 15 | $3,305,000 | $220,333 | $4,502 | 3.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 12 | $3,190,000 | $265,833 | $4,174 | 2.94% |
| Newberry, SC (FHA|USDA|VA) | 11 | $2,495,000 | $226,818 | $3,710 | 3.41% |
| Orangeburg, SC (FHA|USDA|VA) | 12 | $2,370,000 | $197,500 | $2,991 | 3.45% |
| SUMTER, SC (FHA|USDA|VA) | 11 | $2,005,000 | $182,273 | $3,023 | 2.93% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 10 | $1,900,000 | $190,000 | $7,678 | 3.10% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 8 | $1,850,000 | $231,250 | $9,435 | 3.78% |
| COLUMBUS, OH (FHA|USDA|VA) | 7 | $1,715,000 | $245,000 | $10,349 | 3.41% |
| ROANOKE, VA (FHA|USDA|VA) | 8 | $1,520,000 | $190,000 | $4,335 | 2.92% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 6 | $1,320,000 | $220,000 | $7,960 | 3.54% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 7 | $1,275,000 | $182,143 | $6,764 | 3.16% |
| RICHMOND, VA (FHA|USDA|VA) | 5 | $1,145,000 | $229,000 | $8,013 | 3.53% |
| FLORENCE, SC (FHA|USDA|VA) | 5 | $1,105,000 | $221,000 | $3,866 | 3.05% |
| SAVANNAH, GA (FHA|USDA|VA) | 4 | $1,100,000 | $275,000 | $2,814 | 2.59% |
| ASHEVILLE, NC (FHA|USDA|VA) | 4 | $1,050,000 | $262,500 | $2,781 | 3.22% |
| Waycross, GA (FHA|USDA|VA) | 4 | $910,000 | $227,500 | $4,966 | 3.13% |
| Statesboro, GA (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $3,662 | 2.84% |
| Georgetown, SC (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $6,823 | 3.44% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $4,755 | 2.75% |
| Morehead City, NC (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $9,852 | 2.81% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $2,026 | 4.04% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $6,012 | 3.81% |
| Union, SC (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $3,022 | 2.42% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $4,642 | 2.81% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $9,120 | 3.94% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $6,315 | 3.00% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,779 | 4.25% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,547 | 2.63% |
| BRUNSWICK, GA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,444 | 3.31% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,357 | 3.44% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $6,154 | 3.19% |
| Fremont, OH (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $6,257 | 3.25% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,099 | 3.00% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $4,660 | 3.06% |
| DOTHAN, AL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,548 | 3.44% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $10,996 | 4.25% |
| Shelby, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $13,235 | 3.75% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,469 | 3.25% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,681 | 3.13% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,202 | 3.50% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,456 | 3.38% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,144 | 2.75% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,593 | 2.75% |
| Galesburg, IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,181 | 3.25% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,395 | 3.25% |
| Defiance, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,606 | 4.13% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $525 | 4.25% |
| Decatur, IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,748 | 3.25% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,309 | 3.50% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,410 | 3.25% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,825 | 3.25% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,492 | 4.25% |
| Frankfort, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,342 | 4.25% |
| Ozark, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,136 | 4.75% |
| AKRON, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,100 | 2.88% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,891 | 2.88% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,043 | 2.75% |
| Mount Vernon, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,045 | 2.63% |
| Jennings, LA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,882 | 3.25% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,058 | 3.00% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,767 | 3.63% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,545 | 4.00% |
| MONROE, LA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $6,870 | 2.75% |
| Enterprise, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,967 | 4.00% |
| Wilmington, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,348 | 4.25% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,400 | 2.75% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,469 | 4.50% |
| Lumberton, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,447 | 2.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against MIDLAND MORTGAGE CORPORATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 438
Similarity Rank: 441
Similarity Rank: 520
Similarity Rank: 539
Similarity Rank: 570
Similarity Rank: 720
Similarity Rank: 1020
Similarity Rank: 1040
Similarity Rank: 1100
Similarity Rank: 1134
Product Mix
For 2020, Midland Mortgage Corporation's most frequently originated type of loan was Conventional, with 1,278 originations. Their 2nd most popular type was FHA, with 354 originations.
Loan Reason
For 2020, Midland Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 1,023 originations. The 2nd most popular reason was Refi, with 789 originations.
Loan Duration/Length
For 2020, Midland Mortgage Corporation's most frequently cited loan duration was 30 Year, with 1,718 originations. The 2nd most popular length was 15 Year, with 136 originations.
Origination Fees/Closing Costs
Midland Mortgage Corporation's average total fees were $4,158, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 820 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 776 | $198,520,000 | $255,825 |
| 3-4% | 721 | $165,795,000 | $229,951 |
| <2.5% | 328 | $88,440,000 | $269,634 |
| 4-5% | 109 | $25,315,000 | $232,248 |
| 5-6% | 8 | $1,670,000 | $208,750 |
During 2020, Midland Mortgage Corporation's average interest rate for loans was 3.08%, while their most frequently originated rate bucket for loans was 2.5-3%, with 776 originations.
Loan Sizing
2020 saw Midland Mortgage Corporation place emphasis on $200k-400k loans with 968 originations, totaling $268,190,000 in origination value.
Applicant Income
Midland Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 506 originations. The second most popular income band? $100k-150k, with 377 originations.
Applicant Debt to Income Ratio
Midland Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 421 originations. The next most common DTI ratio? 30-36%, with 375 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.12%
Midland Mortgage Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination90.99%
Midland Mortgage Corporation has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,943 | $479,755,000 | $246,915 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 1,943 | $479,755,000 | $246,915 |