Midwest Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the D grade breaks down
Each component is a percentile rank among 220 investment-property lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
22nd11.8% deniedProcesswithdrawn + incomplete share, weight 15%
31st9.8%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 204 | 173 | 4.4% | 4.7% | — | $41M |
| 2024 | 187 | 142 | 4.3% | 4.9% | — | $29M |
| 2025 | 245 | 181 | 10.6% | 11.8% | — | $53M |
What Midwest 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: 0 home-equity lines, 0 reverse mortgages, 3 manufactured homes, 128 investment properties.
Why Midwest Bank denies applications
Primary reason reported for each of the 26 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Midwest Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 24 | 17 | 29.2% |
| $50k – $100k | 66 | 41 | 17.9% |
| $100k – $150k | 35 | 21 | 17.2% |
| $150k – $250k | 23 | 16 | 14.3% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 36 | 19 | 31.0% |
| 35–44 | 41 | 25 | 17.7% |
| 45–54 | 34 | 24 | 15.2% |
| 55–64 | 29 | 21 | 14.8% |
Frequently asked questions
Midwest Bank denied 11.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 22nd percentile of investment-property lenders.
The most common reason Midwest Bank gave in 2025 was "credit history", cited on 53.8% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
In 2025, 59% of its applications were for home purchases, 33% for refinancing (including cash-out), and 8% for home improvement or other purposes. By loan type: 98% conventional, 0% FHA, 0% 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.