Mid-continent Funding Mortgage Rates, Fees & Info
Columbia, MOLEI: 549300NN0PRX3I4QGG46
Tax ID: 47-1853960
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Mortgage Data
Review & Overview
Mid-continent Funding is a smaller mortgage company specializing in Refi loans. They have a a high proportion of FHA loans. They have an average proportion of FHA loans. Mid-continent Funding has a low ratio of conventional loans.They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Dallas, Miami, Houston, San Francisco, and Phoenix among others. We have data for 184 markets. (Some data included below & more in-depth data is available with an active subscription.)Mid-continent Funding 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. Mid-continent Funding is typically an average 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.57% | 12/17/24 |
| 30 Year Conventional Refi | 6.49% | 12/17/24 |
| 30 Year Cash-out Refi | 6.62% | 12/17/24 |
| 30 Year FHA Purchase | 7.51% | 12/17/24 |
| 30 Year VA Purchase | 6.38% | 12/17/24 |
| 30 Year VA Refi | 6.21% | 12/17/24 |
| 15 Year Conventional Purchase | 5.68% | 12/17/24 |
| 15 Year Conventional Refi | 5.64% | 12/17/24 |
| 15 Year Cash-out Refi | 5.64% | 12/17/24 |
| 15 Year VA Purchase | 6.58% | 12/17/24 |
| 15 Year VA Refi | 6.74% | 12/17/24 |
| 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. | ||
Mid-continent Funding Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
598Origination Dollar Volume (All Markets)
$87,540,000Awards
Mid-Continent Funding - 2018
Mid-Continent Funding is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 43 | $4,675,000 | $108,721 | $0 | 4.56% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 23 | $4,395,000 | $191,087 | $5,851 | 4.55% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 30 | $4,260,000 | $142,000 | $3,270 | 4.63% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 8 | $4,210,000 | $526,250 | $0 | 5.78% |
| Outside of Metro Areas | 34 | $4,070,000 | $119,706 | $6,671 | 4.70% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 24 | $3,270,000 | $136,250 | $0 | 4.44% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 8 | $2,830,000 | $353,750 | $0 | 4.89% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 13 | $2,605,000 | $200,385 | $0 | 4.61% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 12 | $2,010,000 | $167,500 | $0 | 4.52% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 14 | $1,930,000 | $137,857 | $0 | 4.53% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 10 | $1,710,000 | $171,000 | $9,600 | 4.64% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 16 | $1,700,000 | $106,250 | $3,694 | 4.51% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 9 | $1,575,000 | $175,000 | $0 | 4.61% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 4 | $1,560,000 | $390,000 | $0 | 5.55% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 14 | $1,520,000 | $108,571 | $0 | 4.63% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 5 | $1,455,000 | $291,000 | $0 | 4.69% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 7 | $1,415,000 | $202,143 | $0 | 4.40% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 7 | $1,345,000 | $192,143 | $0 | 4.21% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $0 | 6.50% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 7 | $1,145,000 | $163,571 | $9,478 | 4.48% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 5 | $1,075,000 | $215,000 | $0 | 4.42% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 10 | $1,060,000 | $106,000 | $0 | 4.60% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 6 | $1,020,000 | $170,000 | $2,607 | 4.65% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 8 | $980,000 | $122,500 | $0 | 4.60% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 5 | $965,000 | $193,000 | $0 | 4.48% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $0 | 4.57% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 8 | $850,000 | $106,250 | $0 | 4.61% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 5 | $825,000 | $165,000 | $0 | 4.38% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $0 | 4.74% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 5 | $725,000 | $145,000 | $1,704 | 4.60% |
| OCALA, FL (FHA|USDA|VA) | 6 | $680,000 | $113,333 | $5,295 | 4.40% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 7 | $665,000 | $95,000 | $0 | 4.50% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $0 | 4.78% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $0 | 4.23% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $1,350 | 4.53% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $0 | 4.63% |
| PITTSBURGH, PA (FHA|USDA|VA) | 5 | $595,000 | $119,000 | $0 | 4.81% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 6 | $550,000 | $91,667 | $0 | 4.76% |
| COLUMBIA, MO (FHA|USDA|VA) | 5 | $545,000 | $109,000 | $4,978 | 3.94% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $0 | 4.73% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $5,001 | 4.55% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 4.43% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 4.53% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $0 | 4.74% |
| BOISE CITY, ID (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $5,056 | 5.03% |
| AMARILLO, TX (FHA|USDA|VA) | 6 | $460,000 | $76,667 | $0 | 4.51% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 4 | $450,000 | $112,500 | $0 | 4.72% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $0 | 4.43% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 4 | $410,000 | $102,500 | $8,170 | 4.48% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 4.02% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 4.16% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 4.69% |
| Granbury, TX (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 4.67% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $14,063 | 4.76% |
| LONGVIEW, TX (FHA|USDA|VA) | 4 | $360,000 | $90,000 | $0 | 4.23% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 4.38% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 4.54% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 5.06% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 5.10% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 4.35% |
| TUCSON, AZ (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $0 | 4.92% |
| BEND, OR (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 4.56% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 4.73% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 4.21% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 4.23% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $3,913 | 4.58% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 4.58% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 4.74% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 4.51% |
| Show Low, AZ (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $5,495 | 4.67% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 4.27% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 4.50% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $718 | 4.17% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 4.26% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 4.22% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 4.65% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 4.74% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 5.19% |
| WACO, TX (FHA|USDA|VA) | 3 | $205,000 | $68,333 | $2,262 | 4.46% |
| Newport, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.67% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 4.58% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 4.26% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 4.49% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 4.98% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 4.34% |
| Rockport, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 4.70% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 4.41% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 4.43% |
| Natchitoches, LA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 4.50% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 5.06% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 4.41% |
| Harrison, AR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 5.45% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 4.52% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 4.91% |
| WICHITA, KS (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $3,895 | 4.69% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.27% |
| AKRON, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.55% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 3.96% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 4.64% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 4.99% |
| Alice, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 4.41% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 4.35% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 4.37% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 4.64% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 4.72% |
| DOTHAN, AL (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 4.82% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 4.98% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 4.67% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 3.90% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 4.69% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,805 | 4.38% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.62% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.43% |
| Payson, AZ (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.41% |
| Taos, NM (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.27% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 5.01% |
| Hannibal, MO (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 5.02% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.39% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.52% |
| Wilson, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.44% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.28% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.60% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.29% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 4.77% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.35% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.06% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.03% |
| Mexico, MO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.15% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.85% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 4.60% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.69% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.80% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.00% |
| Shelby, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.69% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 4.65% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 4.88% |
| Brenham, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.91% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.60% |
| ROME, GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.80% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.60% |
| SAN ANGELO, TX (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 4.38% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 4.79% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.84% |
| Big Spring, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.75% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.31% |
| Huntingdon, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.05% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.08% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.12% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.90% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.76% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.78% |
| Brownwood, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.52% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.19% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.60% |
| Ruidoso, NM (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.27% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.52% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.17% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.86% |
| READING, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.26% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.17% |
| Paris, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.96% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.50% |
| New Castle, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.49% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.77% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.50% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.54% |
| Kinston, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.25% |
| Fort Leonard Wood, MO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.50% |
| WHEELING, WV-OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.25% |
| CHICO, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.62% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.60% |
| Andrews, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.62% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.95% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.94% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.83% |
| Eufaula, AL-GA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.36% |
| Dyersburg, TN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.42% |
| Taylorville, IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.34% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.85% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.82% |
| ALTOONA, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.87% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.32% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.21% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.09% |
Similar Lenders
We use machine learning to identify the top lenders compared against Mid-Continent Funding based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2018, Mid-continent Funding's most frequently originated type of loan was FHA, with 513 originations. Their 2nd most popular type was FHA, with 47 originations.
Loan Reason
For 2018, Mid-continent Funding's most frequently cited loan purpose was Refi, with 515 originations. The 2nd most popular reason was Cash Out Refi, with 38 originations.
Loan Duration/Length
For 2018, Mid-continent Funding's most frequently cited loan duration was Other, with 570 originations. The 2nd most popular length was 30 Year, with 24 originations.
Origination Fees/Closing Costs
Mid-continent Funding's average total fees were $5,248, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 12 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 479 | $65,185,000 | $136,086 |
| 5-6% | 75 | $9,835,000 | $131,133 |
| 3-4% | 34 | $5,510,000 | $162,059 |
| 6-7% | 7 | $5,155,000 | $736,429 |
| 7-8% | 3 | $1,855,000 | $618,333 |
During 2018, Mid-continent Funding's average interest rate for loans was 4.66%, while their most frequently originated rate bucket for loans was 4-5%, with 479 originations.
Loan Sizing
2018 saw Mid-continent Funding place emphasis on $100,000 or less loans with 240 originations, totaling $16,300,000 in origination value.
Applicant Income
Mid-continent Funding lent most frequently to those with incomes in the $50k or less range, with 495 originations. The second most popular income band? $50k-75k, with 68 originations.
Applicant Debt to Income Ratio
Mid-continent Funding lent most frequently to those with DTI ratios of 50-60%, with 5 originations. The next most common DTI ratio? 20-30%, with 5 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.58%
Mid-continent Funding has an average approval rate.
Pick Rate
Approvals leading to origination-54.52%
Mid-continent Funding 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 | 598 | $87,540,000 | $146,388 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 20 | $1,240,000 | $62,000 |
| Single Family (1-4 Units):Site-Built | 578 | $86,300,000 | $149,308 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Madison Management Services, LLC | Conventional home mortgage | Trouble during payment process | 1 | 33.3% |
| Madison Management Services, LLC | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 33.3% |
| Madison Management Services, LLC | Other type of mortgage | Trouble during payment process | 1 | 33.3% |