Mid-Continent Funding, Inc. Mortgage Lending & HMDA Data, 2021
In 2021, Mid-Continent Funding, Inc. of Columbia, MO reported 3,616 mortgage applications totaling $924.0 million, up 4% from 2020. The average application was for $255,525, and applicants reported an average income of $69,781. 57% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Atlanta-Sandy Springs-Roswell, GA (148), Virginia Beach-Norfolk-Newport News, VA-NC (135) and Washington-Arlington-Alexandria, DC-VA-MD-WV (104) (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 | 3,616 |
| Total Mortgage Loan Application Amount | $923,980,000 |
| Average Mortgage Loan Application Amount | $255,525 |
| Highest Mortgage Loan Application Amount | $1,495,000 |
| Average Applicant Income | $69,781 |
| Highest Applicant Income | $789,000 |
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records Mid-Continent Funding, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2021
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 1,675 | $465,435,000 | $277,000 | $1,495,000 | $73,000 | $408,000 |
| Cash-out Refinancing | 1,347 | $318,805,000 | $236,000 | $1,295,000 | $82,000 | $789,000 |
| Refinancing | 594 | $139,740,000 | $235,000 | $835,000 | $33,000 | $452,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 2,086 | $514,830,000 | $246,000 | $1,495,000 | $70,000 | $789,000 |
| Not Provided | 651 | $171,035,000 | $262,000 | $1,305,000 | $71,000 | $565,000 |
| Black or African American | 586 | $156,270,000 | $266,000 | $815,000 | $71,000 | $417,000 |
| Hispanic | 216 | $60,290,000 | $279,000 | $1,385,000 | $67,000 | $325,000 |
| Asian | 46 | $13,780,000 | $299,000 | $565,000 | $74,000 | $273,000 |
| American Indian or Alaskan Native | 23 | $5,785,000 | $251,000 | $465,000 | $62,000 | $134,000 |
| Native Hawaiian or Other Pacific Islander | 8 | $1,990,000 | $248,000 | $535,000 | $58,000 | $115,000 |
| 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) | 3,010 | $800,090,000 | $265,000 | $1,495,000 | $68,000 | $789,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 542 | $111,020,000 | $204,000 | $545,000 | $84,000 | $633,000 |
| FHA-insured (Federal Housing Administration) | 64 | $12,870,000 | $201,000 | $415,000 | $52,000 | $178,000 |
| 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 | 2,068 | $551,230,000 | $266,000 | $1,385,000 | $72,000 | $789,000 |
| Application Withdrawn By Applicant | 516 | $129,200,000 | $250,000 | $1,495,000 | $68,000 | $356,000 |
| File Closed For Incompleteness | 454 | $103,620,000 | $228,000 | $1,305,000 | $66,000 | $565,000 |
| Application Denied By Financial Institution | 451 | $108,935,000 | $241,000 | $1,295,000 | $65,000 | $326,000 |
| Application Approved But Not Accepted | 127 | $30,995,000 | $244,000 | $685,000 | $70,000 | $633,000 |
| 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 | 3,165 | $815,045,000 | $257,000 | $1,495,000 | $71,000 | $789,000 |
| Credit Application Incomplete | 138 | $34,000,000 | $246,000 | $1,295,000 | $68,000 | $326,000 |
| Collateral | 128 | $32,190,000 | $251,000 | $765,000 | $72,000 | $240,000 |
| Debt-To-Income Ratio | 67 | $17,615,000 | $262,000 | $585,000 | $57,000 | $300,000 |
| Other | 65 | $13,625,000 | $209,000 | $505,000 | $59,000 | $185,000 |
| Credit History | 35 | $7,915,000 | $226,000 | $545,000 | $61,000 | $130,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 10 | $2,100,000 | $210,000 | $425,000 | $33,000 | $77,000 |
| Mortgage Insurance Denied | 3 | $685,000 | $228,000 | $475,000 | $78,000 | $146,000 |
| Employment History | 3 | $435,000 | $145,000 | $185,000 | $44,000 | $55,000 |
| Unverifiable Information | 2 | $370,000 | $185,000 | $225,000 | $29,000 | $37,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mid-Continent Funding, Inc.'s 2021 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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