Midamerica National Bank Mortgage Rates, Fees & Info
Canton, ILLEI: 549300Z4ZK628DTL4L52
Tax ID: 37-0435170
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Midamerica National Bank is a smaller bank specializing in Home Purchase loans. Midamerica National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Peoria, Macomb, Denver, Phoenix, and Tampa among others. We have data for 29 markets. (Some data included below & more in-depth data is available with an active subscription.)Midamerica National Bank 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.
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.
Originations
155Origination Dollar Volume (All Markets)
$18,615,000Top 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 |
|---|---|---|---|---|---|
| PEORIA, IL (FHA|USDA|VA) | 88 | $9,030,000 | $102,614 | $0 | 0.00% |
| Macomb, IL (FHA|USDA|VA) | 26 | $2,650,000 | $101,923 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $1,090,000 | $545,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $775,000 | $155,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 0.00% |
| Galesburg, IL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $0 | 0.00% |
| Quincy, IL-MO (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 0.00% |
| Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $0 | 0.00% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| READING, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| BOISE CITY, ID (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 0.00% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| Menomonie, WI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| MONROE, MI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| London, KY (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 155 | $18,615,000 | $120,097 | $0 | 0.00% |
For 2023, Midamerica National Bank's most frequently originated type of loan was Conventional, with 155 originations.
Loan Reason
For 2023, Midamerica National Bank's most frequently cited loan purpose was Home Purchase, with 108 originations. The 2nd most popular reason was Cash Out Refi, with 27 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 155 | $18,615,000 | $120,097 | $0 | 0.00% |
For 2023, Midamerica National Bank's most frequently cited loan duration was Other, with 155 originations.
Loan Sizing
2023 saw Midamerica National Bank place emphasis on $100,000 or less loans with 92 originations, totaling $4,660,000 in origination value.
Applicant Income
Midamerica National Bank lent most frequently to those with incomes in the $75k-100k range, with 39 originations. The second most popular income band? $50k or less, with 31 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 155 | $18,615,000 | $120,097 | $0 | 0.00% |
Midamerica National Bank lent most frequently to those with DTI ratios of Exempt%, with 155 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.64%
Midamerica National Bank has an average approval rate.
Pick Rate
Approvals leading to origination40.00%
Midamerica National Bank 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 |
|---|---|---|---|
| Exempt | 155 | $18,615,000 | $120,097 |