1st Midamerica Mortgage Rates, Fees & Info
Bethalto, ILLEI: 549300OARXTADS0L8L11
Tax ID: 37-0580723
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Mortgage Data
Review & Overview
1st 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. They have a low ratio of USDA loans. Their top markets by origination volume include: St. Louis, Kansas City, Austin, Springfield, and Decatur among others. We have data for 19 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.
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 | 6.18% | 11/21/24 |
| 30 Year Conventional Refi | 6.25% | 11/21/24 |
| 30 Year Cash-out Refi | 6.42% | 11/21/24 |
| 30 Year USDA Purchase | 6.82% | 11/21/24 |
| 15 Year Conventional Purchase | 6.05% | 11/21/24 |
| 15 Year Conventional Refi | 5.91% | 11/21/24 |
| 15 Year Cash-out Refi | 5.91% | 11/21/24 |
| 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. | ||
1st Midamerica Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
746Origination Dollar Volume (All Markets)
$96,430,000Top 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 |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 630 | $79,630,000 | $126,397 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 52 | $8,060,000 | $155,000 | $0 | 0.00% |
| Outside of Metro Areas | 34 | $4,280,000 | $125,882 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $0 | 0.00% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 5 | $755,000 | $151,000 | $0 | 0.00% |
| DECATUR, IL (FHA|USDA|VA) | 8 | $740,000 | $92,500 | $0 | 0.00% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 4 | $420,000 | $105,000 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Maryville, MO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Atchison, KS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Farmington, MO (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Jacksonville, IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Warrensburg, MO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Similar Lenders
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 743 | $96,065,000 | $129,293 | $0 | 0.00% |
| USDA | 2 | $250,000 | $125,000 | $0 | 0.00% |
| VA | 1 | $115,000 | $115,000 | $0 | 0.00% |
For 2020, 1st Midamerica's most frequently originated type of loan was Conventional, with 743 originations. Their 2nd most popular type was USDA, with 2 originations.
Loan Reason
For 2020, 1st Midamerica's most frequently cited loan purpose was Refi, with 324 originations. The 2nd most popular reason was Home Purchase, with 202 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 746 | $96,430,000 | $129,263 | $0 | 0.00% |
For 2020, 1st Midamerica's most frequently cited loan duration was Other, with 746 originations.
Loan Sizing
2020 saw 1st Midamerica place emphasis on $100,000 or less loans with 328 originations, totaling $22,590,000 in origination value.
Applicant Income
1st Midamerica lent most frequently to those with incomes in the $50k-75k range, with 169 originations. The second most popular income band? $75k-100k, with 162 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 746 | $96,430,000 | $129,263 | $0 | 0.00% |
1st Midamerica lent most frequently to those with DTI ratios of Exempt%, with 746 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.15%
1st Midamerica has a below average approval rate.
Pick Rate
Approvals leading to origination82.31%
1st Midamerica has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 746 | $96,430,000 | $129,263 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 2 | $210,000 | $105,000 |
| Single Family (1-4 Units):Site-Built | 744 | $96,220,000 | $129,328 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| STANDARD MORTGAGE CORPORATION | Conventional home mortgage | Incorrect information on your report | 1 | 14.3% |
| STANDARD MORTGAGE CORPORATION | Conventional home mortgage | Trouble during payment process | 3 | 42.9% |
| STANDARD MORTGAGE CORPORATION | FHA mortgage | Struggling to pay mortgage | 2 | 28.6% |
| STANDARD MORTGAGE CORPORATION | VA mortgage | Closing on a mortgage | 1 | 14.3% |