Midwest BankCentre 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 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
72nd5.2% deniedPricingmedian rate spread over APOR, weight 30%
82nd-0.01 ptsProcesswithdrawn + incomplete share, weight 15%
45th12.5%Closing coststotal loan costs ÷ loan amount, weight 10%
65th1.53% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 617 | 474 | 7.6% | 8.9% | 6.88% | $129M |
| 2024 | 775 | 609 | 5.4% | 6.4% | 6.63% | $206M |
| 2025 | 731 | 606 | 4.5% | 5.2% | 6.38% | $195M |
What Midwest BankCentre 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, 7 manufactured homes, 100 investment properties.
Why Midwest BankCentre denies applications
Primary reason reported for each of the 33 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Midwest BankCentre
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 83 | 67 | 10.7% |
| $50k – $100k | 258 | 211 | 5.4% |
| $100k – $150k | 138 | 113 | 4.2% |
| $150k – $250k | 124 | 100 | 4.8% |
| Over $250k | 63 | 54 | 3.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 48 | 45 | 2.2% |
| 25–34 | 218 | 179 | 5.3% |
| 35–44 | 167 | 130 | 7.8% |
| 45–54 | 116 | 96 | 5.9% |
| 55–64 | 79 | 65 | 3.0% |
| 65–74 | 35 | 26 | 10.3% |
Where Midwest BankCentre lends
25 states and 85 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Midwest BankCentre denied 5.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 72nd percentile of small mortgage lenders.
The most common reason Midwest BankCentre gave in 2025 was "collateral", cited on 33.3% 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 Midwest BankCentre originated in 2025 was 6.38%, and its median rate spread over the average prime offer rate was -0.01 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 76% of its applications were for home purchases, 18% for refinancing (including cash-out), and 6% for home improvement or other purposes. By loan type: 73% conventional, 18% FHA, 9% 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.