Mid-Continent Funding, Inc. Mortgage Lending & HMDA Data, 2024
In 2024, Mid-Continent Funding, Inc. of Columbia, MO reported 1,475 mortgage applications totaling $430.2 million, up 2% from 2023. The average application was for $291,671, and applicants reported an average income of $79,649. 61% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Columbia, MO (63), Virginia Beach-Norfolk-Newport News, VA-NC (56) and Tampa, FL (45) (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 | 1,475 |
| Total Mortgage Loan Application Amount | $430,215,000 |
| Average Mortgage Loan Application Amount | $291,671 |
| Highest Mortgage Loan Application Amount | $1,845,000 |
| Average Applicant Income | $79,649 |
| Highest Applicant Income | $1,455,000 |
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records Mid-Continent Funding, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2024
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 | 839 | $243,745,000 | $290,000 | $1,845,000 | $93,000 | $550,000 |
| Cash-out Refinancing | 396 | $107,130,000 | $270,000 | $995,000 | $96,000 | $1,455,000 |
| Refinancing | 240 | $79,340,000 | $330,000 | $1,305,000 | $6,000 | $210,000 |
| 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 | 708 | $200,080,000 | $282,000 | $1,845,000 | $80,000 | $1,023,000 |
| Not Provided | 428 | $129,340,000 | $302,000 | $1,095,000 | $80,000 | $1,455,000 |
| Black or African American | 253 | $72,975,000 | $288,000 | $755,000 | $75,000 | $330,000 |
| Hispanic | 71 | $21,505,000 | $302,000 | $935,000 | $99,000 | $550,000 |
| Asian | 12 | $4,590,000 | $382,000 | $765,000 | $63,000 | $135,000 |
| American Indian or Alaskan Native | 2 | $1,550,000 | $775,000 | $1,305,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 1 | $175,000 | $175,000 | $175,000 | $81,000 | $81,000 |
| 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) | 1,270 | $388,660,000 | $306,000 | $1,845,000 | $78,000 | $1,455,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 132 | $24,920,000 | $188,000 | $745,000 | $98,000 | $360,000 |
| FHA-insured (Federal Housing Administration) | 71 | $16,195,000 | $228,000 | $705,000 | $84,000 | $252,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $440,000 | $220,000 | $225,000 | $77,000 | $90,000 |
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 | 897 | $269,225,000 | $300,000 | $1,245,000 | $79,000 | $339,000 |
| Application Withdrawn By Applicant | 269 | $74,485,000 | $276,000 | $1,305,000 | $83,000 | $464,000 |
| File Closed For Incompleteness | 140 | $40,730,000 | $290,000 | $1,305,000 | $78,000 | $1,023,000 |
| Application Denied By Financial Institution | 95 | $27,255,000 | $286,000 | $1,845,000 | $90,000 | $1,455,000 |
| Application Approved But Not Accepted | 74 | $18,520,000 | $250,000 | $785,000 | $72,000 | $239,000 |
| 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 | 1,380 | $402,960,000 | $292,000 | $1,305,000 | $79,000 | $1,023,000 |
| Debt-To-Income Ratio | 27 | $9,115,000 | $337,000 | $1,845,000 | $68,000 | $162,000 |
| Collateral | 23 | $5,915,000 | $257,000 | $805,000 | $147,000 | $1,455,000 |
| Credit History | 22 | $6,200,000 | $281,000 | $995,000 | $74,000 | $450,000 |
| Credit Application Incomplete | 13 | $3,205,000 | $246,000 | $725,000 | $66,000 | $105,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $1,950,000 | $325,000 | $715,000 | $94,000 | $151,000 |
| Other | 4 | $870,000 | $217,000 | $295,000 | $58,000 | $101,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mid-Continent Funding, Inc.'s 2024 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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