Midland States Bank closing costs and rates (2024)
In 2024, Midland States Bank originated 469 purchase mortgages at a median interest rate of 6.88% and median total closing costs of $4,741. That is $2,000 below the national median of $6,741. Midland States Bank is most active in Illinois with 397 originations there.
Purchase Originations
469
Median Total Costs
$4,741
−29.7% vs national ($6,741)
Median Rate
6.875%
+3.9% vs national (6.620%)
Median Origination
$1,268
Median Lender Credits
$90
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 379 | 7.000% | $4,213 | $1,223 |
| fha | 67 | 6.750% | $7,165 | $1,447 |
Active states
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,694 | 7.000% | — | 6 | −$2,047 | |
| 2 | $2,992 | 6.625% | — | 12 | −$1,749 | |
| 3 | $3,070 | 6.875% | — | 11 | −$1,671 | |
| 4 | $3,128 | 6.812% | — | 14 | −$1,613 | |
| 5 | $3,864 | 6.750% | — | 56 | −$877 | |
| 6 | $3,996 | 6.938% | — | 12 | −$745 | |
| 7 | $4,020 | 6.875% | — | 5 | −$721 | |
| 8 | $4,143 | 6.875% | — | 49 | −$598 | |
| 9 | $4,174 | 7.000% | — | 42 | −$567 | |
| 10 | $4,184 | 7.000% | — | 9 | −$557 | |
| 11 | $4,264 | 6.750% | — | 9 | −$477 | |
| 12 | $4,764 | 7.375% | — | 9 | +$23 | |
| 13 | $4,795 | 6.500% | — | 15 | +$54 | |
| 14 | $5,285 | 6.875% | — | 23 | +$544 | |
| 15 | $6,201 | 7.625% | — | 35 | +$1,460 | |
| 16 | $6,264 | 7.250% | — | 22 | +$1,523 | |
| 17 | $6,302 | 7.625% | — | 27 | +$1,561 | |
| 18 | $6,407 | 7.500% | — | 11 | +$1,666 | |
| 19 | $7,028 | 7.125% | — | 13 | +$2,287 | |
| 20 | $9,667 | 8.250% | — | 5 | +$4,926 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.