Purchase Originations
395
Median Total Costs
$4,385
−34.4% vs national ($6,680)
↓ $356 vs prior year
Median Rate
6.625%
+2.1% vs national (6.490%)
↓ 0.250% vs prior year
Median Origination
$1,333
Median Lender Credits
$147
Denial Rate
6.5%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 311 | 6.750% | $3,924 | $1,303 |
| fha | 57 | 6.500% | $7,886 | $1,677 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,206 | 6.750% | — | 7 | −$1,179 | |
| 2 | $3,288 | 6.812% | — | 12 | −$1,097 | |
| 3 | $3,325 | 6.750% | — | 13 | −$1,060 | |
| 4 | $3,411 | 6.500% | — | 7 | −$974 | |
| 5 | $3,445 | 6.562% | — | 4 | −$940 | |
| 6 | $3,778 | 6.750% | — | 4 | −$607 | |
| 7 | $4,015 | 6.250% | — | 21 | −$370 | |
| 8 | $4,120 | 6.125% | — | 9 | −$265 | |
| 9 | $4,136 | 6.625% | — | 48 | −$249 | |
| 10 | $4,175 | 6.625% | — | 82 | −$210 | |
| 11 | $4,272 | 6.625% | — | 37 | −$113 | |
| 12 | $4,306 | 6.812% | — | 10 | −$79 | |
| 13 | $4,615 | 6.562% | — | 6 | +$230 | |
| 14 | $4,977 | 6.750% | — | 13 | +$592 | |
| 15 | $5,903 | 6.625% | — | 5 | +$1,518 | |
| 16 | $6,395 | 6.875% | — | 15 | +$2,010 | |
| 17 | $6,481 | 6.625% | — | 4 | +$2,096 | |
| 18 | $7,664 | 6.125% | — | 7 | +$3,279 | |
| 19 | $9,026 | 6.625% | — | 13 | +$4,641 | |
| 20 | $9,706 | 6.125% | — | 4 | +$5,321 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2025. Sorted by median total loan costs.
Peer set: the 50 highest-volume U.S. mortgage lenders in 2025 (min. 8,254 purchase originations).
| Metric | Midland States Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $195,000 | $335,000 | −$140,000 (−41.8%) |
| Median total closing costs | $4,385 | $7,127 | −$2,742 (−38.5%) |
Other high-volume lenders side-by-side.
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Data source: HMDA Modified Loan Application Register 2025, 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.