Mid America Bank Mortgage Rates, Fees & Info
Jefferson City, MOLEI: 549300DOV2RLYPY10B52
Tax ID: 43-0691607
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Mortgage Data
Review & Overview
Mid America Bank is a smaller bank specializing in Home Purchase loans. Mid America Bank has a high proportion of conventional loans. Mid America Bank has a low ratio of conventional loans.They have a low ratio of USDA loans. Their top markets by origination volume include: Jefferson City, Columbia, Breckenridge, St. Louis, and Kansas City among others. We have data for 15 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 a below average pick rate when compared to similar lenders.
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Originations
277Origination Dollar Volume (All Markets)
$84,215,000Top 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 |
|---|---|---|---|---|---|
| JEFFERSON CITY, MO (FHA|USDA|VA) | 139 | $30,085,000 | $216,439 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 43 | $26,935,000 | $626,395 | $2,606 | 7.88% |
| Outside of Metro Areas | 69 | $18,445,000 | $267,319 | $3,571 | 8.50% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $2,105,000 | $2,105,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 5 | $1,535,000 | $307,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 0.00% |
| Fort Leonard Wood, MO (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $0 | 0.00% |
| Rolla, MO (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $0 | 0.00% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| Miami, OK (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Mexico, MO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 274 | $83,330,000 | $304,124 | $0 | 0.00% |
| Conventional | 2 | $720,000 | $360,000 | $3,088 | 8.19% |
| USDA | 1 | $165,000 | $165,000 | $0 | 0.00% |
For 2024, Mid America Bank's most frequently originated type of loan was Conventional, with 274 originations. Their 2nd most popular type was Conventional, with 2 originations.
Loan Reason
For 2024, Mid America Bank's most frequently cited loan purpose was Home Purchase, with 220 originations. The 2nd most popular reason was Refi, with 33 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 275 | $83,495,000 | $303,618 | $0 | 0.00% |
| 1 Year | 1 | $295,000 | $295,000 | $3,571 | 8.50% |
| 3 Year | 1 | $425,000 | $425,000 | $2,606 | 7.88% |
For 2024, Mid America Bank's most frequently cited loan duration was Other, with 275 originations. The 2nd most popular length was 1 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 2 | $720,000 | $360,000 |
Mid America Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 1 | $425,000 | $425,000 |
| Over 8% | 1 | $295,000 | $295,000 |
During 2024, Mid America Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 1 originations.
Loan Sizing
2024 saw Mid America Bank place emphasis on $200k-400k loans with 95 originations, totaling $27,525,000 in origination value.
Applicant Income
Mid America Bank lent most frequently to those with incomes in the $100k-150k range, with 48 originations. The second most popular income band? $50k-75k, with 42 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 275 | $83,495,000 | $303,618 | $0 | 0.00% |
Mid America Bank lent most frequently to those with DTI ratios of Exempt%, with 275 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.72%
Mid America Bank has an average approval rate.
Pick Rate
Approvals leading to origination76.90%
Mid America Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 275 | $83,495,000 | $303,618 |
| NA | 2 | $720,000 | $360,000 |