Mainstreet Bank Mortgage Rates, Fees & Info
Alexandria, VALEI: 254900SOAE0WU8JM0177
Tax ID: 47-0914596
Latest/2023 | 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 and Refi loans. Mainstreet Bank has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Salisbury, and Miami among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Mainstreet Bank has an above 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
93Origination Dollar Volume (All Markets)
$164,885,000Top 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) | 90 | $140,100,000 | $1,556,667 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $18,955,000 | $18,955,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $4,005,000 | $4,005,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $1,825,000 | $1,825,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 93 | $164,885,000 | $1,772,957 | $0 | 0.00% |
For 2023, Mainstreet Bank's most frequently originated type of loan was Conventional, with 93 originations.
Loan Reason
For 2023, Mainstreet Bank's most frequently cited loan purpose was Home Purchase, with 63 originations. The 2nd most popular reason was Refi, with 20 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 93 | $164,885,000 | $1,772,957 | $0 | 0.00% |
For 2023, Mainstreet Bank's most frequently cited loan duration was Other, with 93 originations.
Loan Sizing
2023 saw Mainstreet Bank place emphasis on $1MM+ loans with 54 originations, totaling $145,670,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 3 | $1,675,000 | $558,333 | $0 | 0.00% |
| $150k-250k | 1 | $265,000 | $265,000 | $0 | 0.00% |
Mainstreet Bank lent most frequently to those with incomes in the $250k+ range, with 3 originations. The second most popular income band? $150k-250k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 93 | $164,885,000 | $1,772,957 | $0 | 0.00% |
Mainstreet Bank lent most frequently to those with DTI ratios of Exempt%, with 93 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.21%
Mainstreet Bank has an average approval rate.
Pick Rate
Approvals leading to origination77.42%
Mainstreet Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 93 | $164,885,000 | $1,772,957 |