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. They have a low ratio of USDA loans. Mid America Bank has a low ratio of conventional loans. Their top markets by origination volume include: Jefferson City, Columbia, Branson, Kansas City, and St. Louis among others. We have data for 11 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
265Origination Dollar Volume (All Markets)
$59,505,000Top 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) | 151 | $33,605,000 | $222,550 | $0 | 0.00% |
| Outside of Metro Areas | 72 | $14,900,000 | $206,944 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 23 | $5,635,000 | $245,000 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 1 | $1,615,000 | $1,615,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 6 | $1,580,000 | $263,333 | $3,293 | 8.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Rolla, MO (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $0 | 0.00% |
| Hannibal, MO (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Lebanon, MO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Fort Leonard Wood, MO (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 260 | $58,390,000 | $224,577 | $0 | 0.00% |
| USDA | 4 | $720,000 | $180,000 | $0 | 0.00% |
| Conventional | 1 | $395,000 | $395,000 | $3,293 | 8.00% |
For 2023, Mid America Bank's most frequently originated type of loan was Conventional, with 260 originations. Their 2nd most popular type was USDA, with 4 originations.
Loan Reason
For 2023, Mid America Bank's most frequently cited loan purpose was Home Purchase, with 208 originations. The 2nd most popular reason was Refi, with 32 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 264 | $59,110,000 | $223,902 | $0 | 0.00% |
| 1 Year | 1 | $395,000 | $395,000 | $3,293 | 8.00% |
For 2023, Mid America Bank's most frequently cited loan duration was Other, with 264 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 | 1 | $395,000 | $395,000 |
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 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 1 | $395,000 | $395,000 |
During 2023, 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
2023 saw Mid America Bank place emphasis on $100k-200k loans with 96 originations, totaling $14,350,000 in origination value.
Applicant Income
Mid America Bank lent most frequently to those with incomes in the $100k-150k range, with 43 originations. The second most popular income band? $75k-100k, with 40 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 264 | $59,110,000 | $223,902 | $0 | 0.00% |
Mid America Bank lent most frequently to those with DTI ratios of Exempt%, with 264 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.73%
Mid America Bank has an average approval rate.
Pick Rate
Approvals leading to origination78.11%
Mid America Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 264 | $59,110,000 | $223,902 |
| NA | 1 | $395,000 | $395,000 |