Midwestone Bank is a smaller bank specializing in Home Purchase and Refi loans. Midwestone Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Minneapolis, Denver, Dubuque, Madison, and Iowa City among others. We have data for 46 markets. (Some data included below & more in-depth data is available with an active subscription.)
Midwestone 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. Midwestone Bank 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 relatively high 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.
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This is not an official calculator from Midwestone Bank. 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.