Mid-continent Funding Mortgage Rates, Fees & Info
Columbia, MOLEI: 549300NN0PRX3I4QGG46
Tax ID: 47-1853960
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.57% | 4/18/24 |
| 30 Year Conventional Refi | 6.49% | 4/18/24 |
| 30 Year Cash-out Refi | 6.62% | 4/18/24 |
| 30 Year FHA Purchase | 7.51% | 4/18/24 |
| 30 Year VA Purchase | 6.38% | 4/18/24 |
| 30 Year VA Refi | 6.21% | 4/18/24 |
| 15 Year Conventional Purchase | 5.68% | 4/18/24 |
| 15 Year Conventional Refi | 5.64% | 4/18/24 |
| 15 Year Cash-out Refi | 5.64% | 4/18/24 |
| 15 Year VA Purchase | 6.58% | 4/18/24 |
| 15 Year VA Refi | 6.74% | 4/18/24 |
| 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
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Mid-continent Funding. 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
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.
Work for Mid-Continent Funding?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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.
Similarity Rank: 8
Similarity Rank: 12
Similarity Rank: 25
Similarity Rank: 40
Similarity Rank: 55
Similarity Rank: 57
Similarity Rank: 60
Similarity Rank: 63
Similarity Rank: 63
Similarity Rank: 66
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% |