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. Their top markets by origination volume include: Jefferson City, St. Louis, Columbia, Phoenix, and Naples among others. We have data for 12 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
272Origination Dollar Volume (All Markets)
$69,220,000Top 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) | 184 | $38,380,000 | $208,587 | $0 | 0.00% |
| Outside of Metro Areas | 57 | $13,755,000 | $241,316 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 6 | $5,700,000 | $950,000 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 14 | $4,610,000 | $329,286 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $3,360,000 | $1,680,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $1,755,000 | $1,755,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Rolla, MO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Fort Leonard Wood, 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 | 268 | $68,620,000 | $256,045 | $0 | 0.00% |
| USDA | 4 | $600,000 | $150,000 | $0 | 0.00% |
For 2022, Mid America Bank's most frequently originated type of loan was Conventional, with 268 originations. Their 2nd most popular type was USDA, with 4 originations.
Loan Reason
For 2022, Mid America Bank's most frequently cited loan purpose was Home Purchase, with 196 originations. The 2nd most popular reason was Refi, with 37 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 272 | $69,220,000 | $254,485 | $0 | 0.00% |
For 2022, Mid America Bank's most frequently cited loan duration was Other, with 272 originations.
Loan Sizing
2022 saw Mid America Bank place emphasis on $100k-200k loans with 106 originations, totaling $15,940,000 in origination value.
Applicant Income
Mid America Bank lent most frequently to those with incomes in the $100k-150k range, with 41 originations. The second most popular income band? $50k-75k, with 41 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 272 | $69,220,000 | $254,485 | $0 | 0.00% |
Mid America Bank lent most frequently to those with DTI ratios of Exempt%, with 272 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.32%
Mid America Bank has an average approval rate.
Pick Rate
Approvals leading to origination87.87%
Mid America Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 272 | $69,220,000 | $254,485 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MidAmerica Mortgage Inc | Conventional home mortgage | Struggling to pay mortgage | 1 | 50.0% |
| MidAmerica Mortgage Inc | FHA mortgage | Struggling to pay mortgage | 1 | 50.0% |