# MidWestOne Bank

> **Canonical URL:** https://saferate.com/lenders/midwestone-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


MidWestOne Bank is a bank, headquartered in Iowa City, IA, serving borrowers across 10 states, with 369 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 27% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 19% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300LZLYU85WF65870
- **Headquarters:** Iowa City, IA
- **Geographic Reach:** Multi-Region
- **States Served:** 10
- **State List:** AL, AZ, CO, FL, IA, IL, MN, MO, TN, WI
- **Markets (MSAs):** 6
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 73/100
- Rating: ●●●●○ (4/5)

### Pull Through: Exceptional 🤩
- Score: 81/100
- Rating: ●●●●● (5/5)

### Pricing Details
- **Average Rate Spread:** +0.031%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,123
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 369
- **Dollar Volume:** $99 million
- **Applications Received:** 467
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $268,388
- **Average Borrower Income:** $152,236
- **Average Property Value:** $385,082

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (70%)
- ⭐ **Purchase Gold Superstar** (70%)
- ⭐ **Refinance Gold Superstar** (63%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 71/100 | 355 | +0.031% | $1,104 | Strong 😀 |
| Jumbo | 41/100 | 11 | -0.073% | $2,596 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 297 loans, Score: 70/100 (Strong)
- Refinance: 58 loans, Score: 65/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 69/100 | 310 | $84M | +0.026% | Strong 😀 |
| Refinance | 65/100 | 59 | $15M | +0.060% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IA | 288 | 0.81% | 78/100 |
| WI | 32 | 0.05% | 53/100 |
| MN | 31 | 0.05% | 53/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 123 | 59/100 |
| Dubuque, IA | IA | 115 | 83/100 |
| Iowa City, IA | IA | 40 | 63/100 |
| Minneapolis | MN-WI | 35 | 55/100 |
| Cedar Rapids, IA | IA | 21 | 53/100 |
| Waterloo | IA | 10 | 44/100 |

## Where This Lender Ranks

MidWestOne Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥈 **#2** in Dubuque, IA for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/dubuque-ia/best-mortgage-lenders/banks/conventional-loans)
- 🥈 **#2** in Iowa City, IA for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/iowa-city-ia/best-mortgage-lenders/banks/conventional-loans)
- 🥈 **#2** in Cedar Rapids, IA Banks
  - [View Full Rankings](https://saferate.com/cedar-rapids-ia/best-mortgage-lenders/banks)
- 🥉 **#3** in Dubuque, IA
  - [View Full Rankings](https://saferate.com/dubuque-ia/best-mortgage-lenders)
- 🏆 **#5** in Dubuque, IA for Conventional Loans
  - [View Full Rankings](https://saferate.com/dubuque-ia/best-mortgage-lenders/conventional-loans)
- 🏆 **#5** in Iowa City, IA
  - [View Full Rankings](https://saferate.com/iowa-city-ia/best-mortgage-lenders)
- 🏆 **#5** in Iowa City, IA for Conventional Loans
  - [View Full Rankings](https://saferate.com/iowa-city-ia/best-mortgage-lenders/conventional-loans)
- 🏆 **#5** in Cedar Rapids, IA for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/cedar-rapids-ia/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#6** in Waterloo for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/waterloo/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#7** in Iowa Banks
  - [View Full Rankings](https://saferate.com/iowa/best-mortgage-lenders/banks)
- 🏆 **#10** in Iowa for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/iowa/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#10** in Waterloo for Conventional Loans
  - [View Full Rankings](https://saferate.com/waterloo/best-mortgage-lenders/conventional-loans)
- 🏆 **#11** in Cedar Rapids, IA
  - [View Full Rankings](https://saferate.com/cedar-rapids-ia/best-mortgage-lenders)
- 🏆 **#15** in Iowa
  - [View Full Rankings](https://saferate.com/iowa/best-mortgage-lenders)
- 🏆 **#16** in Cedar Rapids, IA for Conventional Loans
  - [View Full Rankings](https://saferate.com/cedar-rapids-ia/best-mortgage-lenders/conventional-loans)
- 🏆 **#18** in Iowa for Conventional Loans
  - [View Full Rankings](https://saferate.com/iowa/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

### What loan types does MidWestOne Bank offer?

MidWestOne Bank offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does MidWestOne Bank offer mortgages?

MidWestOne Bank offers mortgages in 10 states: AL, AZ, CO, FL, IA, IL, MN, MO, TN, WI.

### How competitive are MidWestOne Bank's mortgage rates?

MidWestOne Bank has a pricing score of 73/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.031% above market average.

### What type of lender is MidWestOne Bank?

MidWestOne Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Iowa City, IA.

### What is MidWestOne Bank's loan approval success rate?

MidWestOne Bank has a pull-through score of 81/100 (Exceptional). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/midwestone-bank

### How to Cite

> "MidWestOne Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/midwestone-bank

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