MidWestOne Bank mortgage approval rate & lending review
MidWestOne Bank decided 1,116 mortgage applications and funded 912 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions MidWestOne Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates. For current rates and applications go to nicoletbank.com.
MidWestOne Bank at a glance
Approval is 6.5 points above the 77.6% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 94% | 345 / 368 | 99% | $245K | 340 |
| Home improvement loans | 74% | 160 / 216 | 98% | $85K | 156 |
| Cash-out refinance | 70% | 19 / 27 | 100% | $245K | 19 |
| Refinance | 81% | 292 / 359 | 97% | $115K | 283 |
| Investment property purchase | 87% | 74 / 85 | 95% | $205K | 70 |
| Investment refinance | 88% | 29 / 33 | 97% | $155K | 28 |
MidWestOne Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Iowa | 88% | $165K | 566 | 483 |
| Minnesota | 82% | $155K | 401 | 320 |
| Colorado | 76% | $205K | 59 | 44 |
| Florida | 77% | $315K | 43 | 29 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where MidWestOne Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Johnson County, IA | Mortgage lenders | 92% | 134 | 119 |
| Johnson County, IA | Refinance | 86% | 112 | 93 |
| Johnson County, IA | Home improvement loans | 77% | 57 | 44 |
| Linn County, IA | Mortgage lenders | 94% | 47 | 43 |
| Hennepin County, MN | Refinance | 83% | 41 | 33 |
| Washington County, MN | Home improvement loans | 73% | 37 | 25 |
| Washington County, MN | Refinance | 79% | 29 | 23 |
| Hennepin County, MN | Home improvement loans | 78% | 27 | 21 |
| Anoka County, MN | Refinance | 80% | 25 | 19 |
| Black Hawk County, IA | Refinance | 86% | 21 | 16 |
| Wright County, MN | Refinance | 45% | 22 | 10 |
The county markets where MidWestOne Bank made the most loans. Each link opens that market with every lender ranked.
Questions about MidWestOne Bank
What is MidWestOne Bank's mortgage approval rate?
MidWestOne Bank approved 84.1% of the 1,116 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 6.5 points above the 77.6% national rate for the same mix of loan types.
How often do borrowers take the loan MidWestOne Bank offers?
Borrowers accepted 97% of the loans MidWestOne Bank approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does MidWestOne Bank make?
The typical home purchase mortgage loan MidWestOne Bank made was $245K; across all loan types its typical loan ran from $85K to $245K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does MidWestOne Bank lend?
MidWestOne Bank decided applications in 16 of the states Fat Boy Data covers, most of them in Iowa, Minnesota and Colorado.
Can I apply to MidWestOne Bank directly?
Yes. MidWestOne Bank reports as a direct lender that takes applications from borrowers. Its website is nicoletbank.com.
Does this page show MidWestOne Bank's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how MidWestOne Bank treats applications, then get a rate quote from the lender.