Midsouth Bank Mortgage Rates, Fees & Info
Lafayette, LALEI: MXUKQJKNI44KEXCGF743
Tax ID: 72-0995175
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Midsouth Bank is a smaller bank specializing in Home Purchase and Refi loans. Midsouth Bank has a high proportion of conventional loans. Their top markets by origination volume include: Baton Rouge, Lafayette, Houston, Lake Charles, and New Orleans among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)Midsouth Bank has an above 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
91Origination Dollar Volume (All Markets)
$15,155,000Top 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 |
---|---|---|---|---|---|
BATON ROUGE, LA (FHA|USDA|VA) | 9 | $3,855,000 | $428,333 | $0 | 0.00% |
LAFAYETTE, LA (FHA|USDA|VA) | 30 | $2,380,000 | $79,333 | $0 | 0.00% |
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 6 | $1,800,000 | $300,000 | $0 | 0.00% |
LAKE CHARLES, LA (FHA|USDA|VA) | 15 | $1,765,000 | $117,667 | $0 | 0.00% |
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $1,685,000 | $1,685,000 | $0 | 0.00% |
MONROE, LA (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $0 | 0.00% |
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $540,000 | $135,000 | $0 | 0.00% |
Jennings, LA (FHA|USDA|VA) | 4 | $270,000 | $67,500 | $0 | 0.00% |
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
JACKSON, MS (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
Huntsville, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
DeRidder, LA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 0.00% |
HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
Outside of Metro Areas | 3 | $155,000 | $51,667 | $0 | 0.00% |
Opelousas, LA (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 0.00% |
Natchitoches, LA (FHA|USDA|VA) | 4 | $120,000 | $30,000 | $0 | 0.00% |
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 0.00% |
Nacogdoches, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
LONGVIEW, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 91 | $15,155,000 | $166,538 | $0 | 0.00% |
For 2018, Midsouth Bank's most frequently originated type of loan was Conventional, with 91 originations.
Loan Reason
For 2018, Midsouth Bank's most frequently cited loan purpose was Home Purchase, with 42 originations. The 2nd most popular reason was Refi, with 42 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Other | 91 | $15,155,000 | $166,538 | $0 | 0.00% |
For 2018, Midsouth Bank's most frequently cited loan duration was Other, with 91 originations.
Loan Sizing
2018 saw Midsouth Bank place emphasis on $100,000 or less loans with 52 originations, totaling $3,080,000 in origination value.
Applicant Income
Midsouth Bank lent most frequently to those with incomes in the $100k-150k range, with 15 originations. The second most popular income band? $75k-100k, with 11 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Exempt% | 91 | $15,155,000 | $166,538 | $0 | 0.00% |
Midsouth Bank lent most frequently to those with DTI ratios of Exempt%, with 91 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.97%
Midsouth Bank has an average approval rate.
Pick Rate
Approvals leading to origination59.34%
Midsouth 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 | 91 | $15,155,000 | $166,538 |
Occupancy Type Mix
Complaints
Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
Midwest Loan Services, Inc. | Conventional home mortgage | Trouble during payment process | 2 | 66.7% |
Midwest Loan Services, Inc. | FHA mortgage | Trouble during payment process | 1 | 33.3% |