Mid-Continent Funding, Inc. Mortgage Lending & HMDA Data, 2018
In 2018, Mid-Continent Funding, Inc. of Columbia, MO reported 2,841 mortgage applications totaling $386.9 million, down 8% from 2017. The average application was for $136,189, and applicants reported an average income of $35,585. 24% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Houston-The Woodlands-Sugar Land, TX (150), Dallas-Plano-Irving, TX (121) and Atlanta-Sandy Springs-Roswell, GA (89) (applications in parentheses).
| Mortgage Company & Address | Mid-Continent Funding, Inc. 3401 W Broadway Business Park Ct Ste 213 Columbia, MO 65203 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 |
| Total Number of Mortgage Applications | 2,841 |
| Total Mortgage Loan Application Amount | $386,915,000 |
| Average Mortgage Loan Application Amount | $136,189 |
| Highest Mortgage Loan Application Amount | $1,545,000 |
| Average Applicant Income | $35,585 |
| Highest Applicant Income | $913,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mid-Continent Funding, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
Mortgage Loan Application Detail Totals for Mid-Continent Funding, Inc. in 2018
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Refinancing | 2,610 | $343,410,000 | $131,000 | $1,545,000 | $34,000 | $913,000 |
| Cash-out Refinancing | 126 | $21,560,000 | $171,000 | $1,205,000 | $54,000 | $248,000 |
| Home Purchase | 55 | $10,145,000 | $184,000 | $515,000 | $65,000 | $187,000 |
| Other Purpose | 48 | $11,420,000 | $237,000 | $1,425,000 | $40,000 | $185,000 |
| Home Improvement | 2 | $380,000 | $190,000 | $225,000 | $29,000 | $36,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 1,765 | $251,665,000 | $142,000 | $1,545,000 | $36,000 | $470,000 |
| Not Provided | 517 | $67,825,000 | $131,000 | $1,005,000 | $34,000 | $187,000 |
| Black or African American | 371 | $37,795,000 | $101,000 | $475,000 | $33,000 | $166,000 |
| Hispanic | 155 | $22,835,000 | $147,000 | $875,000 | $40,000 | $913,000 |
| Asian | 15 | $4,115,000 | $274,000 | $1,495,000 | $37,000 | $144,000 |
| Native Hawaiian or Other Pacific Islander | 7 | $1,125,000 | $160,000 | $305,000 | $24,000 | $54,000 |
| American Indian or Alaskan Native | 6 | $340,000 | $56,000 | $75,000 | $25,000 | $66,000 |
| Not applicable | 2 | $610,000 | $305,000 | $575,000 | $33,000 | $51,000 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 2,687 | $338,415,000 | $125,000 | $505,000 | $33,000 | $913,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 102 | $38,090,000 | $373,000 | $1,545,000 | $66,000 | $470,000 |
| VA-guaranteed (Veterans Administration) | 52 | $10,410,000 | $200,000 | $515,000 | $75,000 | $233,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| File Closed For Incompleteness | 1,047 | $131,545,000 | $125,000 | $1,545,000 | $33,000 | $336,000 |
| Application Withdrawn By Applicant | 763 | $107,705,000 | $141,000 | $1,495,000 | $39,000 | $913,000 |
| Loan Originated | 680 | $102,470,000 | $150,000 | $1,425,000 | $37,000 | $248,000 |
| Application Denied By Financial Institution | 190 | $24,370,000 | $128,000 | $655,000 | $31,000 | $162,000 |
| Application Approved But Not Accepted | 161 | $20,825,000 | $129,000 | $395,000 | $34,000 | $240,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 2,651 | $362,545,000 | $136,000 | $1,545,000 | $36,000 | $913,000 |
| Collateral | 69 | $8,935,000 | $129,000 | $655,000 | $32,000 | $162,000 |
| Debt-To-Income Ratio | 40 | $5,210,000 | $130,000 | $325,000 | $24,000 | $64,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 33 | $3,895,000 | $118,000 | $255,000 | $32,000 | $132,000 |
| Other | 20 | $2,790,000 | $139,000 | $545,000 | $29,000 | $68,000 |
| Credit History | 14 | $1,490,000 | $106,000 | $215,000 | $46,000 | $134,000 |
| Unverifiable Information | 10 | $1,580,000 | $158,000 | $385,000 | $29,000 | $50,000 |
| Mortgage Insurance Denied | 2 | $210,000 | $105,000 | $135,000 | $22,000 | $31,000 |
| Credit Application Incomplete | 2 | $260,000 | $130,000 | $175,000 | $65,000 | $71,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mid-Continent Funding, Inc.'s 2018 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Mid-Continent Funding, Inc.'s mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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with aggregated HMDA statistics today.
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