Mid-Continent Funding at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
55th8.9% deniedPricingmedian rate spread over APOR, weight 30%
75th0.08 ptsProcesswithdrawn + incomplete share, weight 15%
17th26.1%Closing coststotal loan costs ÷ loan amount, weight 10%
33rd2.69% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,447 | 809 | 7.7% | 10.8% | 6.38% | $227M |
| 2024 | 1,475 | 897 | 6.4% | 8.9% | 6.13% | $269M |
| 2025 | 1,627 | 909 | 6.6% | 8.9% | 6.50% | $273M |
What Mid-Continent Funding lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 122 manufactured homes, 9 investment properties.
Why Mid-Continent Funding denies applications
Primary reason reported for each of the 107 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Mid-Continent Funding
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 191 | 98 | 18.9% |
| $50k – $100k | 711 | 446 | 9.2% |
| $100k – $150k | 334 | 200 | 6.6% |
| $150k – $250k | 129 | 71 | 8.1% |
| Over $250k | 28 | 12 | 10.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 81 | 57 | 3.0% |
| 25–34 | 226 | 142 | 6.3% |
| 35–44 | 272 | 169 | 8.2% |
| 45–54 | 223 | 130 | 13.2% |
| 55–64 | 291 | 156 | 8.8% |
| 65–74 | 310 | 144 | 11.7% |
| Over 74 | 223 | 111 | 6.3% |
Where Mid-Continent Funding lends
25 states and 548 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Florida | 463 | 246 | 7.8% | 6.50% | #249 |
| North Carolina | 233 | 138 | 3.9% | 6.50% | #219 |
| Georgia | 181 | 108 | 5.0% | 6.50% | #257 |
| Texas | 167 | 89 | 3.6% | 6.50% | #451 |
| Virginia | 94 | 52 | 7.5% | 6.63% | #294 |
| South Carolina | 67 | 36 | 7.5% | 6.50% | #303 |
| Missouri | 65 | 39 | 10.8% | 6.38% | #319 |
| Indiana | 63 | 35 | 11.1% | 6.50% | #324 |
| Alabama | 50 | 30 | 6.0% | 6.75% | #315 |
| Tennessee | 29 | 17 | 6.9% | 6.13% | #488 |
| Ohio | 27 | 14 | 7.4% | 6.19% | #483 |
| Pennsylvania | 27 | 18 | 7.4% | 6.69% | #565 |
| Washington | 22 | 14 | 0.0% | 6.50% | #376 |
| Illinois | 21 | 11 | 9.5% | 6.50% | #587 |
| Arkansas | 18 | 9 | 5.6% | 6.63% | #294 |
| Colorado | 16 | 11 | 0.0% | 5.88% | #446 |
| Mississippi | 15 | 9 | 6.7% | 6.50% | #259 |
| Minnesota | 14 | 4 | 14.3% | 6.56% | #423 |
| Wisconsin | 11 | 4 | 45.5% | 6.38% | #484 |
| Maryland | 9 | 7 | 0.0% | 5.99% | #481 |
| Kansas | 7 | 5 | 0.0% | 5.99% | #381 |
| New Mexico | 6 | 3 | 0.0% | 6.49% | #304 |
Frequently asked questions
Mid-Continent Funding denied 8.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 55th percentile of mid-size mortgage lenders.
The most common reason Mid-Continent Funding gave in 2025 was "collateral", cited on 39.3% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Mid-Continent Funding originated in 2025 was 6.50%, and its median rate spread over the average prime offer rate was 0.08 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 59% of its applications were for home purchases, 41% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 6% conventional, 4% FHA, 90% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.