1st Midamerica Mortgage Rates, Fees & InfoBethalto, IL
Tax ID: 37-0580723
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
Review & Overview1st Midamerica is a smaller mortgage company specializing in Refi, Home Purchase, and Cash Out Refi loans. 1st Midamerica has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Kansas City, Decatur, Springfield, and Taylorville among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)
1st Midamerica has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. 1st Midamerica 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.
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.
|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.49%||3/19/23|
|30 Year Conventional Refi||6.35%||3/19/23|
|30 Year Cash-out Refi||6.50%||3/19/23|
|30 Year VA Purchase||6.60%||3/19/23|
|15 Year Conventional Purchase||5.82%||3/19/23|
|15 Year Conventional Refi||5.80%||3/19/23|
|15 Year Cash-out Refi||5.80%||3/19/23|
|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.|
Origination Dollar Volume (All Markets)$86,245,000
1st Midamerica's average 30 year fixed mortgage rate was
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.19%.
Relative Fees (Closing Costs)
1st Midamerica's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,518.
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 $4,750.
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|
|ST. LOUIS, MO-IL (FHA|USDA|VA)||526||$72,550,000||$137,928||$2,132||2.75%|
|KANSAS CITY, MO-KS (FHA|USDA|VA)||48||$6,600,000||$137,500||$2,159||2.62%|
|Outside of Metro Areas||29||$3,425,000||$118,103||$2,179||2.77%|
|DECATUR, IL (FHA|USDA|VA)||13||$1,095,000||$84,231||$2,180||2.82%|
|SPRINGFIELD, IL (FHA|USDA|VA)||4||$570,000||$142,500||$2,042||3.19%|
|Taylorville, IL (FHA|USDA|VA)||5||$385,000||$77,000||$2,072||2.73%|
|TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA)||2||$330,000||$165,000||$3,234||2.25%|
|LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA)||1||$275,000||$275,000||$10,744||2.88%|
|Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA)||1||$165,000||$165,000||$2,020||2.38%|
|Warrensburg, MO (FHA|USDA|VA)||1||$155,000||$155,000||$2,693||3.00%|
|JEFFERSON CITY, MO (FHA|USDA|VA)||1||$135,000||$135,000||$4,678||3.50%|
|Effingham, IL (FHA|USDA|VA)||1||$115,000||$115,000||$3,958||2.38%|
|Jacksonville, IL (FHA|USDA|VA)||1||$115,000||$115,000||$1,806||2.38%|
|Centralia, IL (FHA|USDA|VA)||1||$95,000||$95,000||$1,885||2.13%|
|Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA)||1||$85,000||$85,000||$4,237||2.88%|
|SPRINGFIELD, MO (FHA|USDA|VA)||1||$85,000||$85,000||$1,993||2.25%|
|CHAMPAIGN-URBANA, IL (FHA|USDA|VA)||1||$65,000||$65,000||$2,352||3.13%|
We use machine learning to identify the top lenders compared against 1ST MIDAMERICA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 328
Similarity Rank: 370
Similarity Rank: 552
Similarity Rank: 627
Similarity Rank: 725
Similarity Rank: 910
Similarity Rank: 938
Similarity Rank: 1010
Similarity Rank: 1102
Similarity Rank: 1260
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2021, 1st Midamerica's most frequently originated type of loan was Conventional, with 635 originations. Their 2nd most popular type was VA, with 2 originations.
For 2021, 1st Midamerica's most frequently cited loan purpose was Refi, with 216 originations. The 2nd most popular reason was Home Purchase, with 198 originations.
For 2021, 1st Midamerica's most frequently cited loan duration was 30 Year, with 243 originations. The 2nd most popular length was 15 Year, with 198 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
1st Midamerica's average total fees were $2,518, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 388 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2021, 1st Midamerica's average interest rate for loans was 2.96%, while their most frequently originated rate bucket for loans was <2.5%, with 294 originations.
2021 saw 1st Midamerica place emphasis on $100k-200k loans with 270 originations, totaling $38,310,000 in origination value.
1st Midamerica lent most frequently to those with incomes in the $100k-150k range, with 149 originations. The second most popular income band? $75k-100k, with 147 originations.
Applicant Debt to Income Ratio
1st Midamerica lent most frequently to those with DTI ratios of 20-30%, with 207 originations. The next most common DTI ratio? 30-36%, with 117 originations.
Approval RatesTotal approvals of all applications
1st Midamerica has a below average approval rate.
Pick RateApprovals leading to origination
1st Midamerica has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2021 CPFB Complaints||% of Total Issues|
|Standard Mortgage Group LLC||Conventional home mortgage||Closing on a mortgage||1||100.0%|