First Mid Bank & Trust Mortgage Rates, Fees & Info

Mattoon, IL

LEI: 549300XOTES5TCS8T794

Tax ID: 37-0404035

5 stars - Updated: 11/30/23 - out of 5 stars, based on 34 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    First Mid Bank & Trust is a smaller bank specializing in Home Purchase and Cash Out Refi loans. First Mid Bank & Trust has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: St. Louis, Champaign, Lexington, Charleston, and Crestview among others. We have data for 48 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Mid Bank & Trust 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. First Mid Bank & Trust 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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 11/30/23
    30 Year Conventional Purchase 6.82% 11/30/23
    30 Year Conventional Refi 6.56% 11/30/23
    30 Year Cash-out Refi 6.74% 11/30/23
    30 Year USDA Purchase 6.41% 11/30/23
    30 Year USDA Refi 6.13% 11/30/23
    15 Year Conventional Purchase 6.29% 11/30/23
    15 Year Conventional Refi 6.19% 11/30/23
    15 Year Cash-out Refi 6.19% 11/30/23
    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.

    First Mid Bank & Trust Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from First Mid Bank & Trust. 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

    1,131

    Origination Dollar Volume (All Markets)

    $257,515,000
    Show all (16) awards

    Relative Rate

    First Mid Bank & Trust's average 30 year fixed mortgage rate was 5.04%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of 0.28%.

    Relative Fees (Closing Costs)

    First Mid Bank & Trust's average total fees/closing costs for a 30 year fixed rate mortgage were $2,247.

    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.

    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
    ST. LOUIS, MO-IL (FHA|USDA|VA) 343 $76,925,000 $224,271 $2,105 4.72%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 66 $41,790,000 $633,182 $1,554 4.69%
    Outside of Metro Areas 229 $24,985,000 $109,105 $1,957 4.97%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $16,645,000 $16,645,000 $0 5.52%
    Charleston-Mattoon, IL (FHA|USDA|VA) 130 $14,240,000 $109,538 $1,786 5.02%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $10,005,000 $10,005,000 $0 4.25%
    DECATUR, IL (FHA|USDA|VA) 35 $8,625,000 $246,429 $2,209 4.58%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 55 $6,345,000 $115,364 $1,894 4.63%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $6,240,000 $3,120,000 $0 4.13%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $5,865,000 $1,955,000 $9,077 4.42%
    COLUMBIA, MO (FHA|USDA|VA) 17 $5,795,000 $340,882 $1,891 4.80%
    Galesburg, IL (FHA|USDA|VA) 65 $5,615,000 $86,385 $2,033 5.13%
    TERRE HAUTE, IN (FHA|USDA|VA) 23 $4,475,000 $194,565 $1,709 4.11%
    PEORIA, IL (FHA|USDA|VA) 26 $4,140,000 $159,231 $1,825 4.83%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 8 $3,660,000 $457,500 $4,824 4.47%
    Mount Vernon, IL (FHA|USDA|VA) 19 $3,265,000 $171,842 $1,909 4.86%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $2,135,000 $711,667 $3,336 3.67%
    Quincy, IL-MO (FHA|USDA|VA) 22 $1,850,000 $84,091 $1,752 5.03%
    Effingham, IL (FHA|USDA|VA) 15 $1,565,000 $104,333 $1,951 5.06%
    JEFFERSON CITY, MO (FHA|USDA|VA) 11 $1,405,000 $127,727 $2,831 4.88%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $1,220,000 $610,000 $4,857 5.00%
    BLOOMINGTON, IL (FHA|USDA|VA) 6 $1,170,000 $195,000 $2,796 4.81%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $1,060,000 $530,000 $4,332 4.56%
    Centralia, IL (FHA|USDA|VA) 4 $930,000 $232,500 $938 4.46%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $755,000 $755,000 $8,459 4.00%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 7 $705,000 $100,714 $2,333 4.57%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $700,000 $350,000 $3,960 3.19%
    Granbury, TX (FHA|USDA|VA) 1 $505,000 $505,000 $500 4.63%
    DANVILLE, IL (FHA|USDA|VA) 3 $465,000 $155,000 $2,094 5.21%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $425,000 $141,667 $0 4.25%
    NILES, MI (FHA|USDA|VA) 1 $395,000 $395,000 $2,636 3.75%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $380,000 $190,000 $2,722 4.38%
    TUCSON, AZ (FHA|USDA|VA) 1 $335,000 $335,000 $2,396 4.38%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $315,000 $315,000 $3,524 5.38%
    SPRINGFIELD, IL (FHA|USDA|VA) 4 $310,000 $77,500 $1,875 4.53%
    Hannibal, MO (FHA|USDA|VA) 1 $285,000 $285,000 $2,212 5.75%
    Taylorville, IL (FHA|USDA|VA) 2 $280,000 $140,000 $1,899 5.31%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 2 $250,000 $125,000 $2,354 4.00%
    MOBILE, AL (FHA|USDA|VA) 1 $245,000 $245,000 $2,048 4.50%
    Willmar, MN (FHA|USDA|VA) 1 $235,000 $235,000 $1,908 3.50%
    RACINE, WI (FHA|USDA|VA) 1 $235,000 $235,000 $2,063 7.38%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $205,000 $205,000 $4,980 5.63%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $155,000 $155,000 $2,768 6.25%
    Paducah, KY-IL (FHA|USDA|VA) 2 $130,000 $65,000 $1,486 5.13%
    Macomb, IL (FHA|USDA|VA) 2 $130,000 $65,000 $2,474 5.19%
    Burlington, IA-IL (FHA|USDA|VA) 1 $45,000 $45,000 $2,090 4.88%
    Pontiac, IL (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.00%
    Jacksonville, IL (FHA|USDA|VA) 1 $35,000 $35,000 $2,043 4.50%
    First Mid Bank & Trust's top markets include St. Louis, Champaign, Lexington, Charleston, and Crestview among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against First Mid Bank & Trust based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First State Bank
    Similarity Rank: 27
    The Riddell National Bank
    Similarity Rank: 72
    First Bankers Trust Company
    Similarity Rank: 100
    I. H. MISSISSIPPI VALLEY CREDIT UNION
    Similarity Rank: 100
    HomeBank
    Similarity Rank: 126
    Longview Bank & Trust
    Similarity Rank: 171
    Prairie State Bank and Trust
    Similarity Rank: 198
    The Callaway Bank
    Similarity Rank: 198
    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 209
    UNIVERSITY OF ILLINOIS COMMUNITY
    Similarity Rank: 216

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 752 $225,890,000 $300,386 $1,923 4.80%
    HELOC 318 $24,840,000 $78,113 n/a 4.94%
    USDA 61 $6,785,000 $111,230 $3,323 4.37%

    For 2022, First Mid Bank & Trust's most frequently originated type of loan was Conventional, with 752 originations. Their 2nd most popular type was HELOC, with 318 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 594 $131,580,000 $221,515 $2,198 4.97%
    Home Improvement 200 $12,660,000 $63,300 $828 4.82%
    Refi 139 $28,565,000 $205,504 $1,586 4.49%
    Cash Out Refi 123 $74,385,000 $604,756 $1,811 4.48%
    Other 75 $10,325,000 $137,667 $2,310 4.71%

    For 2022, First Mid Bank & Trust's most frequently cited loan purpose was Home Purchase, with 594 originations. The 2nd most popular reason was Home Improvement, with 200 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 489 $84,495,000 $172,791 $2,247 5.04%
    20 Year 348 $26,560,000 $76,322 $1,709 4.91%
    15 Year 145 $18,235,000 $125,759 $1,865 4.23%
    5 Year 89 $84,435,000 $948,708 $0 4.36%
    10 Year 36 $35,890,000 $996,944 $922 4.24%
    1 Year 10 $3,950,000 $395,000 $0 5.03%
    Other 8 $690,000 $86,250 $239 4.97%
    3 Year 6 $3,260,000 $543,333 $0 4.83%

    For 2022, First Mid Bank & Trust's most frequently cited loan duration was 30 Year, with 489 originations. The 2nd most popular length was 20 Year, with 348 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 658 $102,420,000 $155,653
    $1k-2k 29 $4,225,000 $145,690
    $2k-3k 5 $705,000 $141,000
    $3k-4k 4 $1,310,000 $327,500
    $4k-5k 2 $400,000 $200,000
    $5k+ 1 $195,000 $195,000

    First Mid Bank & Trust's average total fees were $2,247, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 658 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 333 $96,575,000 $290,015
    5-6% 291 $57,525,000 $197,680
    4-5% 262 $72,580,000 $277,023
    6-7% 151 $21,125,000 $139,901
    7-8% 35 $3,615,000 $103,286
    <2.5% 33 $3,195,000 $96,818
    2.5-3% 19 $2,535,000 $133,421
    Over 8% 7 $365,000 $52,143

    During 2022, First Mid Bank & Trust's average interest rate for loans was 5.04%, while their most frequently originated rate bucket for loans was 3-4%, with 333 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 580 $31,460,000 $54,241 $1,680 4.85%
    $100k-200k 318 $44,490,000 $139,906 $2,138 4.74%
    $200k-400k 163 $43,115,000 $264,509 $2,366 4.96%
    $400k-600k 33 $15,715,000 $476,212 $2,806 4.76%
    $1MM+ 24 $113,120,000 $4,713,333 $6,213 4.23%
    $600k-1MM 13 $9,615,000 $739,615 $4,496 4.40%

    2022 saw First Mid Bank & Trust place emphasis on $100,000 or less loans with 580 originations, totaling $31,460,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 246 $17,090,000 $69,472 $1,881 4.89%
    $50k-75k 223 $21,715,000 $97,377 $2,013 4.73%
    $75k-100k 188 $20,870,000 $111,011 $1,986 4.93%
    $100k-150k 186 $29,390,000 $158,011 $2,030 4.88%
    $150k-250k 124 $21,760,000 $175,484 $2,273 4.74%
    $250k+ 54 $21,480,000 $397,778 $3,185 4.67%

    First Mid Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 246 originations. The second most popular income band? $50k-75k, with 223 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 312 $36,020,000 $115,449 $1,998 4.79%
    30-36% 223 $29,745,000 $133,386 $2,051 4.87%
    <20% 192 $22,010,000 $114,635 $1,894 4.75%
    37% 37 $5,015,000 $135,541 $2,240 4.25%
    39% 35 $4,105,000 $117,286 $2,147 4.78%
    36% 34 $6,990,000 $205,588 $1,823 5.04%
    38% 32 $3,300,000 $103,125 $1,864 5.00%
    41% 29 $4,475,000 $154,310 $2,448 5.32%
    40% 26 $3,100,000 $119,231 $2,086 5.14%
    42% 24 $3,520,000 $146,667 $2,386 4.69%
    44% 19 $3,125,000 $164,474 $2,159 4.69%
    43% 12 $1,210,000 $100,833 $1,917 5.03%
    47% 12 $1,640,000 $136,667 $1,919 4.51%
    50-60% 12 $2,220,000 $185,000 $1,716 5.25%
    45% 11 $2,405,000 $218,636 $2,256 4.83%
    46% 5 $875,000 $175,000 $2,982 4.98%
    >60% 4 $1,000,000 $250,000 $3,634 5.03%
    48% 3 $675,000 $225,000 $2,824 4.71%
    49% 3 $415,000 $138,333 $2,871 5.46%

    First Mid Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 312 originations. The next most common DTI ratio? 30-36%, with 223 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 955 $124,085,000 $129,932 $2,073 4.85%
    Not applicable 83 $122,385,000 $1,474,518 $0 4.63%
    Not provided 36 $4,410,000 $122,500 $2,103 4.75%
    Black 36 $2,860,000 $79,444 $1,216 4.09%
    Asian 10 $2,080,000 $208,000 $2,155 4.85%
    American Indian 6 $600,000 $100,000 $1,861 5.48%
    Asian Indian 2 $590,000 $295,000 $5,172 4.38%
    Filipino 1 $295,000 $295,000 $1,872 6.25%
    Chinese 1 $205,000 $205,000 $3,586 5.88%
    Other Asian 1 $5,000 $5,000 $0 6.25%

    Approval Rates

    Total approvals of all applications
    83.88%

    First Mid Bank & Trust has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    84.35%

    First Mid Bank & Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,131 $257,515,000 $227,688

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,131 $257,515,000 $227,688

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 183 $28,415,000 $155,273 $1,262 4.87%
    40-60% 130 $38,330,000 $294,846 $1,838 4.60%
    60-80% 291 $120,125,000 $412,801 $1,983 4.80%
    80-100% 363 $61,145,000 $168,444 $2,329 4.98%
    Over 100% 1 $155,000 $155,000 $0 4.00%
    Under 20% 161 $9,275,000 $57,609 $959 4.58%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST CITIZENS BANCSHARES, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%