Mainstreet Bank Mortgage Rates, Fees & Info
Alexandria, VALEI: 254900SOAE0WU8JM0177
Tax ID: 47-0914596
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Mainstreet Bank is a smaller bank specializing in Home Purchase loans. Mainstreet Bank has a high proportion of conventional loans. Their top (well, only) market is Washington.Mainstreet Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
70Origination Dollar Volume (All Markets)
$110,410,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 70 | $110,410,000 | $1,577,286 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 70 | $110,410,000 | $1,577,286 | $0 | 0.00% |
For 2024, Mainstreet Bank's most frequently originated type of loan was Conventional, with 70 originations.
Loan Reason
For 2024, Mainstreet Bank's most frequently cited loan purpose was Home Purchase, with 53 originations. The 2nd most popular reason was Home Improvement, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 70 | $110,410,000 | $1,577,286 | $0 | 0.00% |
For 2024, Mainstreet Bank's most frequently cited loan duration was Other, with 70 originations.
Loan Sizing
2024 saw Mainstreet Bank place emphasis on $1MM+ loans with 53 originations, totaling $101,155,000 in origination value.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 70 | $110,410,000 | $1,577,286 | $0 | 0.00% |
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 70 | $110,410,000 | $1,577,286 | $0 | 0.00% |
Approval Rates
Total approvals of all applications89.01%
Mainstreet Bank has an average approval rate.
Pick Rate
Approvals leading to origination84.29%
Mainstreet Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 70 | $110,410,000 | $1,577,286 |