Mid-Continent Funding, Inc. Mortgage Lending & HMDA Data, 2020
In 2020, Mid-Continent Funding, Inc. of Columbia, MO reported 3,489 mortgage applications totaling $820.3 million, up 55% from 2019. The average application was for $235,108, and applicants reported an average income of $64,887. 57% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Tampa-St. Petersburg-Clearwater, FL (133), Atlanta-Sandy Springs-Roswell, GA (106) and Washington-Arlington-Alexandria, DC-VA-MD-WV (87) (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 | 3,489 |
| Total Mortgage Loan Application Amount | $820,295,000 |
| Average Mortgage Loan Application Amount | $235,108 |
| Highest Mortgage Loan Application Amount | $1,035,000 |
| Average Applicant Income | $64,887 |
| Highest Applicant Income | $688,000 |
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records Mid-Continent Funding, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2020
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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 1,246 | $280,150,000 | $224,000 | $1,035,000 | $85,000 | $404,000 |
| Home Purchase | 1,237 | $296,325,000 | $239,000 | $995,000 | $73,000 | $577,000 |
| Refinancing | 1,006 | $243,820,000 | $242,000 | $915,000 | $30,000 | $688,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Improvement | 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 | 2,157 | $493,965,000 | $229,000 | $1,035,000 | $65,000 | $688,000 |
| Not Provided | 659 | $161,755,000 | $245,000 | $995,000 | $60,000 | $327,000 |
| Black or African American | 408 | $95,690,000 | $234,000 | $785,000 | $68,000 | $338,000 |
| Hispanic | 191 | $46,565,000 | $243,000 | $905,000 | $70,000 | $461,000 |
| Asian | 43 | $14,045,000 | $326,000 | $725,000 | $63,000 | $171,000 |
| American Indian or Alaskan Native | 26 | $6,830,000 | $262,000 | $515,000 | $96,000 | $288,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $1,445,000 | $289,000 | $435,000 | $52,000 | $85,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 |
|---|---|---|---|---|---|---|
| VA-guaranteed (Veterans Administration) | 2,771 | $675,745,000 | $243,000 | $1,035,000 | $60,000 | $400,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 536 | $116,060,000 | $216,000 | $685,000 | $98,000 | $688,000 |
| FHA-insured (Federal Housing Administration) | 182 | $28,490,000 | $156,000 | $435,000 | $44,000 | $175,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 1,995 | $481,335,000 | $241,000 | $995,000 | $64,000 | $482,000 |
| Application Denied By Financial Institution | 588 | $135,210,000 | $229,000 | $1,035,000 | $73,000 | $577,000 |
| Application Withdrawn By Applicant | 509 | $116,995,000 | $229,000 | $835,000 | $66,000 | $533,000 |
| File Closed For Incompleteness | 268 | $56,120,000 | $209,000 | $905,000 | $56,000 | $688,000 |
| Application Approved But Not Accepted | 129 | $30,635,000 | $237,000 | $875,000 | $66,000 | $234,000 |
| 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 | 2,901 | $685,085,000 | $236,000 | $995,000 | $63,000 | $688,000 |
| Credit Application Incomplete | 229 | $53,885,000 | $235,000 | $1,035,000 | $70,000 | $339,000 |
| Other | 118 | $26,020,000 | $220,000 | $955,000 | $81,000 | $310,000 |
| Collateral | 80 | $18,220,000 | $227,000 | $665,000 | $81,000 | $577,000 |
| Debt-To-Income Ratio | 76 | $16,550,000 | $217,000 | $495,000 | $52,000 | $155,000 |
| Credit History | 38 | $8,070,000 | $212,000 | $455,000 | $69,000 | $156,000 |
| Unverifiable Information | 23 | $5,035,000 | $218,000 | $415,000 | $89,000 | $392,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 17 | $4,925,000 | $289,000 | $525,000 | $91,000 | $292,000 |
| Mortgage Insurance Denied | 6 | $2,320,000 | $386,000 | $825,000 | $113,000 | $350,000 |
| Employment History | 1 | $185,000 | $185,000 | $185,000 | $25,000 | $25,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mid-Continent Funding, Inc.'s 2020 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.
For a list of all lenders in Missouri, download the full spreadsheet
with aggregated HMDA statistics today.
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