First Mid Bank & Trust Mortgage Rates, Fees & Info
Mattoon, ILLEI: 549300XOTES5TCS8T794
Tax ID: 37-0404035
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Mortgage Data
Review & Overview
First Mid Bank & Trust is a smaller bank specializing in Home Purchase loans. First Mid Bank & Trust has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Rockford, Columbia, St. Louis, Charleston, and North Port among others. We have data for 63 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.01% | 5/25/25 |
| 30 Year Conventional Purchase | 6.89% | 5/25/25 |
| 30 Year Conventional Refi | 6.73% | 5/25/25 |
| 30 Year Cash-out Refi | 7.04% | 5/25/25 |
| 30 Year FHA Purchase | 7.66% | 5/25/25 |
| 30 Year FHA Refi | 7.82% | 5/25/25 |
| 30 Year VA Purchase | 6.65% | 5/25/25 |
| 30 Year VA Refi | 6.36% | 5/25/25 |
| 30 Year USDA Purchase | 6.81% | 5/25/25 |
| 30 Year USDA Refi | 6.65% | 5/25/25 |
| 15 Year Conventional Purchase | 6.50% | 5/25/25 |
| 15 Year Conventional Refi | 6.52% | 5/25/25 |
| 15 Year Cash-out Refi | 6.52% | 5/25/25 |
| 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
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This is not an official calculator from First Mid Bank & Trust. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,617Origination Dollar Volume (All Markets)
$333,515,000Awards
First Mid Bank & Trust - 2024
First Mid Bank & Trust is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
First Mid Bank & Trust's average 30 year fixed mortgage rate was
6.66%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.11%.
Relative Fees (Closing Costs)
First Mid Bank & Trust's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,008.
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 $8,356.
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 |
|---|---|---|---|---|---|
| ROCKFORD, IL (FHA|USDA|VA) | 493 | $74,515,000 | $151,146 | $3,510 | 7.26% |
| COLUMBIA, MO (FHA|USDA|VA) | 25 | $55,225,000 | $2,209,000 | $1,907 | 7.16% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 271 | $37,865,000 | $139,723 | $2,383 | 7.49% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 145 | $22,485,000 | $155,069 | $2,376 | 7.27% |
| Outside of Metro Areas | 179 | $21,235,000 | $118,631 | $2,376 | 7.56% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $16,465,000 | $5,488,333 | $4,982 | 7.29% |
| PEORIA, IL (FHA|USDA|VA) | 18 | $14,960,000 | $831,111 | $2,842 | 7.19% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 89 | $13,255,000 | $148,933 | $3,591 | 7.18% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 44 | $9,770,000 | $222,045 | $4,654 | 7.45% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 58 | $8,020,000 | $138,276 | $1,755 | 7.36% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 36 | $6,500,000 | $180,556 | $2,147 | 7.45% |
| Galesburg, IL (FHA|USDA|VA) | 50 | $4,460,000 | $89,200 | $2,298 | 6.65% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $3,995,000 | $3,995,000 | $0 | 8.00% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 23 | $3,655,000 | $158,913 | $2,323 | 7.68% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $3,190,000 | $1,595,000 | $8,139 | 7.50% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $3,060,000 | $1,530,000 | $0 | 7.88% |
| Whitewater, WI (FHA|USDA|VA) | 2 | $3,050,000 | $1,525,000 | $0 | 8.50% |
| Rochelle, IL (FHA|USDA|VA) | 19 | $2,895,000 | $152,368 | $3,118 | 7.35% |
| DECATUR, IL (FHA|USDA|VA) | 25 | $2,785,000 | $111,400 | $2,257 | 7.64% |
| Mount Vernon, IL (FHA|USDA|VA) | 25 | $2,685,000 | $107,400 | $2,222 | 7.34% |
| Centralia, IL (FHA|USDA|VA) | 5 | $2,515,000 | $503,000 | $2,346 | 7.15% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 14 | $2,030,000 | $145,000 | $1,999 | 7.63% |
| Effingham, IL (FHA|USDA|VA) | 14 | $1,660,000 | $118,571 | $2,448 | 6.99% |
| Freeport, IL (FHA|USDA|VA) | 9 | $1,395,000 | $155,000 | $3,461 | 6.99% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $1,270,000 | $635,000 | $0 | 8.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $4,315 | 6.50% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $3,919 | 7.96% |
| MADISON, WI (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $3,981 | 7.17% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $0 | 7.50% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $2,779 | 6.78% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $6,981 | 6.13% |
| Quincy, IL-MO (FHA|USDA|VA) | 7 | $665,000 | $95,000 | $2,674 | 7.27% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $5,327 | 7.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $2,006 | 7.13% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $4,057 | 7.38% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 8.50% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 7.69% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 8.00% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 4 | $420,000 | $105,000 | $2,608 | 6.41% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,555 | 7.38% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 7.13% |
| Taylorville, IL (FHA|USDA|VA) | 4 | $390,000 | $97,500 | $2,661 | 6.09% |
| KANKAKEE, IL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,601 | 6.94% |
| Beaver Dam, WI (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 7.50% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,296 | 7.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,122 | 6.63% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,710 | 7.13% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,880 | 6.25% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,477 | 8.38% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,115 | 6.63% |
| New Castle, IN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 8.50% |
| RACINE, WI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,886 | 6.63% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,980 | 5.75% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,664 | 6.13% |
| Richmond, IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 7.50% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,221 | 6.38% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,020 | 6.25% |
| Burlington, IA-IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,070 | 6.00% |
| Moberly, MO (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,160 | 6.38% |
| Mexico, MO (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,590 | 6.50% |
| DANVILLE, IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,318 | 6.25% |
| Dixon, IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 9.00% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.50% |
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.
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Product Mix
For 2024, First Mid Bank & Trust's most frequently originated type of loan was Conventional, with 1,040 originations. Their 2nd most popular type was HELOC, with 499 originations.
Loan Reason
For 2024, First Mid Bank & Trust's most frequently cited loan purpose was Home Purchase, with 945 originations. The 2nd most popular reason was Home Improvement, with 300 originations.
Loan Duration/Length
For 2024, First Mid Bank & Trust's most frequently cited loan duration was 30 Year, with 962 originations. The 2nd most popular length was 20 Year, with 492 originations.
Origination Fees/Closing Costs
First Mid Bank & Trust's average total fees were $3,008, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 737 originations.
Interest Rates
During 2024, First Mid Bank & Trust's average interest rate for loans was 6.66%, while their most frequently originated rate bucket for loans was 6-7%, with 649 originations.
Loan Sizing
2024 saw First Mid Bank & Trust place emphasis on $100,000 or less loans with 659 originations, totaling $36,005,000 in origination value.
Applicant Income
First Mid Bank & Trust lent most frequently to those with incomes in the $50k-75k range, with 350 originations. The second most popular income band? $100k-150k, with 312 originations.
Applicant Debt to Income Ratio
First Mid Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 376 originations. The next most common DTI ratio? 30-36%, with 322 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.50%
First Mid Bank & Trust has a below average approval rate.
Pick Rate
Approvals leading to origination80.71%
First Mid Bank & Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,617 | $333,515,000 | $206,255 |