Midflorida Mortgage Rates, Fees & Info
Lakeland, FLLEI: 549300K7224BC1IAX207
Tax ID: 59-6194363
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Mortgage Data
Review & Overview
Midflorida is a smaller mortgage company specializing in Home Purchase loans. Midflorida has a high proportion of conventional loans. Their top markets by origination volume include: Tampa, Lakeland, Naples, Orlando, and Port St. Lucie among others. We have data for 35 markets. (Some data included below & more in-depth data is available with an active subscription.)Midflorida has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Midflorida 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.72% | 4/5/25 |
| 30 Year Conventional Purchase | 6.84% | 4/5/25 |
| 30 Year Conventional Refi | 6.31% | 4/5/25 |
| 30 Year Cash-out Refi | 6.59% | 4/5/25 |
| 30 Year FHA Purchase | 7.33% | 4/5/25 |
| 30 Year FHA Refi | 6.72% | 4/5/25 |
| 30 Year VA Purchase | 6.57% | 4/5/25 |
| 30 Year VA Refi | 6.72% | 4/5/25 |
| 30 Year USDA Purchase | 7.26% | 4/5/25 |
| 15 Year Conventional Purchase | 6.37% | 4/5/25 |
| 15 Year Conventional Refi | 6.92% | 4/5/25 |
| 15 Year Cash-out Refi | 6.92% | 4/5/25 |
| 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. | ||
Midflorida Mortgage Calculator
Your Estimates
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This is not an official calculator from Midflorida. 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
3,350Origination Dollar Volume (All Markets)
$614,570,000Awards
MIDFLORIDA - 2024
MIDFLORIDA is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Midflorida's average 30 year fixed mortgage rate was
6.42%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.13%.
Relative Fees (Closing Costs)
Midflorida's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,082.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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 |
|---|---|---|---|---|---|
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 815 | $152,275,000 | $186,840 | $2,237 | 6.19% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1,079 | $140,555,000 | $130,264 | $1,792 | 6.40% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 52 | $51,420,000 | $988,846 | $9,492 | 6.10% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 231 | $41,225,000 | $178,463 | $2,368 | 6.19% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 244 | $36,700,000 | $150,410 | $2,019 | 6.23% |
| OCALA, FL (FHA|USDA|VA) | 155 | $28,035,000 | $180,871 | $3,038 | 6.21% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 87 | $27,175,000 | $312,356 | $3,671 | 6.18% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 201 | $24,935,000 | $124,055 | $2,101 | 6.37% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 37 | $20,775,000 | $561,486 | $5,187 | 6.02% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 102 | $11,650,000 | $114,216 | $1,379 | 6.44% |
| THE VILLAGES, FL (FHA|USDA|VA) | 56 | $10,560,000 | $188,571 | $3,174 | 6.10% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 38 | $7,950,000 | $209,211 | $3,108 | 6.03% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 5 | $7,545,000 | $1,509,000 | $15,118 | 5.87% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 30 | $6,870,000 | $229,000 | $4,311 | 6.72% |
| Okeechobee, FL (FHA|USDA|VA) | 37 | $6,375,000 | $172,297 | $2,722 | 6.47% |
| Wauchula, FL (FHA|USDA|VA) | 38 | $6,160,000 | $162,105 | $3,364 | 6.16% |
| GAINESVILLE, FL (FHA|USDA|VA) | 25 | $5,505,000 | $220,200 | $4,643 | 6.69% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 18 | $5,250,000 | $291,667 | $4,114 | 6.11% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 17 | $4,975,000 | $292,647 | $3,816 | 6.49% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 17 | $4,245,000 | $249,706 | $3,383 | 6.21% |
| Arcadia, FL (FHA|USDA|VA) | 26 | $4,040,000 | $155,385 | $2,634 | 6.66% |
| Outside of Metro Areas | 13 | $2,685,000 | $206,538 | $2,727 | 6.50% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $2,065,000 | $2,065,000 | $6,059 | 5.88% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 9 | $1,955,000 | $217,222 | $3,769 | 6.08% |
| Palatka, FL (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $5,651 | 5.97% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 4 | $540,000 | $135,000 | $3,859 | 6.24% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $8,355 | 7.13% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $6,666 | 8.63% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $5,088 | 7.38% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,427 | 6.88% |
| Boone, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,599 | 6.88% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,417 | 6.38% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,743 | 6.63% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.99% |
| Lake City, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $136 | 6.99% |
Similar Lenders
We use machine learning to identify the top lenders compared against MIDFLORIDA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 156
Similarity Rank: 572
Similarity Rank: 572
Similarity Rank: 660
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Similarity Rank: 764
Similarity Rank: 784
Similarity Rank: 920
Similarity Rank: 1012
Similarity Rank: 1155
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 2,292 | $479,730,000 | $209,306 | $2,414 | 6.86% |
| HELOC | 1,058 | $134,840,000 | $127,448 | n/a | 5.07% |
For 2024, Midflorida's most frequently originated type of loan was Conventional, with 2,292 originations. Their 2nd most popular type was HELOC, with 1,058 originations.
Loan Reason
For 2024, Midflorida's most frequently cited loan purpose was Home Improvement, with 1,306 originations. The 2nd most popular reason was Home Purchase, with 887 originations.
Loan Duration/Length
For 2024, Midflorida's most frequently cited loan duration was 20 Year, with 1,405 originations. The 2nd most popular length was 10 Year, with 538 originations.
Origination Fees/Closing Costs
Midflorida's average total fees were $5,082, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,663 originations.
Interest Rates
During 2024, Midflorida's average interest rate for loans was 6.42%, while their most frequently originated rate bucket for loans was 6-7%, with 1,389 originations.
Loan Sizing
2024 saw Midflorida place emphasis on $100,000 or less loans with 1,692 originations, totaling $85,730,000 in origination value.
Applicant Income
Midflorida lent most frequently to those with incomes in the $100k-150k range, with 892 originations. The second most popular income band? $150k-250k, with 700 originations.
Applicant Debt to Income Ratio
Midflorida lent most frequently to those with DTI ratios of 20-30%, with 870 originations. The next most common DTI ratio? 30-36%, with 749 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications61.77%
Midflorida has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination69.31%
Midflorida has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,350 | $614,570,000 | $183,454 |