Mainstreet Bank Mortgage Rates, Fees & InfoAlexandria, VA
Tax ID: 47-0914596
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewMainstreet 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, Winchester, Virginia Beach, and Baltimore 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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Origination Dollar Volume (All Markets)$277,275,000
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)||105||$259,685,000||$2,473,190||$0||0.00%|
|WINCHESTER, VA-WV (FHA|USDA|VA)||2||$15,290,000||$7,645,000||$0||0.00%|
|VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA)||1||$1,155,000||$1,155,000||$0||0.00%|
|BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA)||1||$1,145,000||$1,145,000||$0||0.00%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Mainstreet Bank's most frequently originated type of loan was Conventional, with 109 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Mainstreet Bank's most frequently cited loan purpose was Home Purchase, with 76 originations. The 2nd most popular reason was Refi, with 19 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Mainstreet Bank's most frequently cited loan duration was Other, with 109 originations.
2022 saw Mainstreet Bank place emphasis on $1MM+ loans with 78 originations, totaling $258,810,000 in origination value.
Applicant Debt to Income Ratio
|DTI Ratio||Originations||Total Value||Average Loan||Average Fees||Average Rate|
|Applicant Ethnicity||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Approval RatesTotal approvals of all applications
Mainstreet Bank has an average approval rate.
Pick RateApprovals leading to origination
Mainstreet Bank has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|