Midland States Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C 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%
12th27.2% deniedPricingmedian rate spread over APOR, weight 30%
80th0.02 ptsProcesswithdrawn + incomplete share, weight 15%
74th12.0%Closing coststotal loan costs ÷ loan amount, weight 10%
9th4.04% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,847 | 1,150 | 21.4% | 24.4% | 6.25% | $168M |
| 2024 | 1,693 | 1,036 | 23.3% | 26.3% | 6.63% | $186M |
| 2025 | 1,641 | 989 | 24.0% | 27.2% | 6.50% | $275M |
What Midland States Bank 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: 630 home-equity lines, 0 reverse mortgages, 9 manufactured homes, 130 investment properties.
Why Midland States Bank denies applications
Primary reason reported for each of the 393 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Midland States Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 309 | 152 | 43.3% |
| $50k – $100k | 625 | 389 | 25.8% |
| $100k – $150k | 306 | 200 | 20.3% |
| $150k – $250k | 218 | 129 | 25.7% |
| Over $250k | 81 | 46 | 19.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 84 | 62 | 10.1% |
| 25–34 | 311 | 211 | 16.7% |
| 35–44 | 306 | 176 | 33.3% |
| 45–54 | 334 | 179 | 31.6% |
| 55–64 | 261 | 153 | 31.4% |
| 65–74 | 189 | 97 | 37.3% |
| Over 74 | 95 | 62 | 18.8% |
Where Midland States Bank lends
21 states and 123 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Midland States Bank denied 27.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 12th percentile of mid-size mortgage lenders.
The most common reason Midland States Bank gave in 2025 was "debt-to-income ratio", cited on 48.3% 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 Midland States Bank originated in 2025 was 6.50%, and its median rate spread over the average prime offer rate was 0.02 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 44% of its applications were for home purchases, 20% for refinancing (including cash-out), and 36% for home improvement or other purposes. By loan type: 91% conventional, 7% FHA, 2% 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.