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We offer personalized, common sense lending for home mortgage loans, jumbo loans, construction loans, renovation loans, mortgage refinancing, and more to anyone looking to buy a home, from experienced homeowners to first time home buyers. Contact one of our local loan officers today!

Having a checking or savings account at Great Midwest Bank gets you perks like Totally Free Checking, free ATMs, premium rates, and online and mobile banking (and that’s just the start). Get your checking or savings account started today!

Great Midwest Bank makes the home building process simple with flexible down payment options, interest only during construction, local loan servicing, and more.

Great Midwest Bank and our loan officers have the know-how, the support, and the financing you need to take the leap into a home renovation, whether you are looking to stay in your home or buy another.

Deposit checks from anywhere on your phone, pay bills, view your account and loan balances, transfer funds between accounts, and locate No Fee ATMs and branch locations. Enrolling in Mobile App Banking is simple. Just download the “Touchbanking” App from the Google Play or iPhone App Store and enter the App Code “gmbmobile” (must first be enrolled in e-Banking).

…and who we are not. Since 1935, we have offered common sense lending and personalized services to Wisconsin communities. We also give back to those communities through Simply Giving, the charitable initiative of Great Midwest Bank. Follow us on social media for the latest news and updates!

Our friendly, experienced loan officers specialize in a variety of services. If you are in the market to buy, build, renovate, or refinance, contact your local loan officer today.

  • Key Takeaways • Great Midwest Bank to donate 00 to Garding Against Cancer • Garding Against Cancer has raised more .8 million to date • Funds raised are used to further research and provide compassionate care for cancer patients in…


Simply helping you plan for every chapter of your life. Our approach takes all aspects of a client’s financial life into account in developing a financial strategy.

We know who we are… and who we are not. Visit us at one of our nine convenient branch locations today for all of your home loan and banking needs! With seven locations in the greater Milwaukee area, one in Madison, and one in Chilton, you can easily find us right in your community.

Request Loan Payoff

If your loan is with Bank Midwest located in Minnesota, Iowa or South Dakota, use our online form for a convenient way to request your loan payoff amount.

Be sure to call us if you have any questions?  800.301.2127 

  • If you are the primary or secondary owner (i.e. borrower) on the loan with Bank Midwest located in Iowa, Minnesota, or South Dakota, simply complete the payoff request web form below.

  • If you are helping one of our customers of Bank Midwest located in Iowa, Minnesota, or South Dakota and need a payoff amount, request the payoff amount on an account with the written permission of the loan account owner(s).

    Complete these two steps:

    1. Submit Payoff Request Web Form below

    This online form provides us with details about who is making the request and about the loan customer and account to be paid off.

    2. Borrower Authorization

    Ask the loan’s primary and secondary owner to sign your organization’s Borrower’s Certification and Authorization form. Note:  The authorization form must be signed within 90 days of when this payoff request is made. Send us the signed file using this secure link.

    Send Secure File

    After the online request form and signed authorization document are submitted, the payoff will be provided within 5 business days.

Children’s Privacy: Bank Midwest is concerned about the privacy and safety of children online. We do not accept online requests from anyone under the age of 18. Our websites are not targeted to or intended for children.

A bank incurs costs to provide your home loan, including the appraisal, title insurance, closing, and various others. These fees often vary from lender to lender. Any lender or broker should be able to give you an estimate of their fees, but it is more difficult to tell which lenders have done their homework and are providing a complete and accurate estimate. We take quotes very seriously. We've completed the research necessary to make sure that our fee quotes are accurate. Additionally, be assured that your Loan Officer will work to minimize the cost of your purchase or refinancing.

To assist you in evaluating our fees, we've grouped them as follows:

Third Party Fees

Fees that we consider third party fees include the appraisal fee, the credit report fee, the settlement or closing fee, the survey fee, tax service fees, title insurance fees, flood certification fees, and courier/mailing fees.

Third party fees are fees that we'll collect and pass on to the person who actually performed the service. For example, an appraiser is paid the appraisal fee, a credit bureau is paid the credit report fee, and a title company or an attorney is paid the title insurance fees.

Typically, you'll see some minor variances in third party fees from lender to lender since a lender may have negotiated a special charge from a provider they use often or chooses a provider that offers nationwide coverage at a flat rate. You may also see that some lenders absorb minor third party fees such as the flood certification fee, the tax service fee, or courier/mailing fees.

Taxes and other unavoidables

Fees that we consider to be taxes and other unavoidables include: State/Local Taxes and recording fees. These fees will most likely have to be paid regardless of the lender you choose. If some lenders don't quote you fees that include taxes and other unavoidable fees, don't assume that you won't have to pay it. It probably means that the lender who doesn't tell you about the fee hasn't done the research necessary to provide accurate closing costs.

Lender Fees

Fees such as discount points, document preparation fees, and loan processing fees are retained by the lender and are used to provide you with the lowest rates possible.

This is the category of fees that you should compare very closely from lender to lender before making a decision.

Required Advances

You may be asked to prepay some items at closing that will actually be due in the future. These figures are sometimes referred to as prepaid items.

One of the more common required advances is called "per diem interest" or "interest due at closing." All of our mortgages have payment due dates of the 1st of the month. If your loan is closed on any day other than the first of the month, you'll pay interest, from the date of closing through the end of the month, at closing. For example, if the loan is closed on June 15, we'll collect interest from June 15 through June 30 at closing. This also means that you won't make your first mortgage payment until August 1. This type of charge should not vary from lender to lender, and does not need to be considered when comparing lenders. All lenders will charge you interest beginning on the day the loan funds are disbursed. It is simply a matter of when it will be collected.

If an escrow or impound account for property taxes and/or insurance will be established, you will make an initial deposit into the escrow account at closing so that sufficient funds are available to pay the bills when they become due.

If your loan requires mortgage insurance, up to two months of the mortgage insurance will be collected at closing. Whether or not your loan requires mortgage insurance depends on the size of the down payment you make.

If your loan is for a purchase, you'll also need to pay for your first year's homeowner's insurance premium prior to closing. We consider this to be a required advance.

The following ratios and data are available to help you better understand the financial condition of Great Midwest Bank, S.S.B.. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Great Midwest Bank, S.S.B. U.S. Bank Average
6.26% 4.78%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2021, Great Midwest Bank, S.S.B. had ,636,000 in non-current loans and

,804,000 in owned real estate. To cover these potential losses it had 7,548,000 in equity and ,146,000 in loans loss reserves. That gives it a Texas Ratio of 6.26%.

Return on Equity
Great Midwest Bank, S.S.B. U.S. Bank Average
7.96% 11.29%

Great Midwest Bank, S.S.B. has a Return on Equity of 7.96% versus the BestCashCow average of 11.29%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Great Midwest Bank, S.S.B. U.S. Bank Average
17.44% 11.72%

Great Midwest Bank, S.S.B. has a Capitalization of 17.44% versus the BestCashCow average of 11.72. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Great Midwest Bank, S.S.B. Balance Sheet Analysis

As of June 30, 2021, Great Midwest Bank, S.S.B. had assets of 5,852,000, loans of 4,444,000, and deposits of 9,060,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

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