Mainstreet Community Bank Of Florida Mortgage Rates, Fees & Info
Deland, FLLEI: 5493001LOTO6OW0LKT63
Tax ID: 20-0235207
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Mainstreet Community Bank Of Florida is a smaller bank specializing in Home Purchase loans. Mainstreet Community Bank Of Florida has a high proportion of conventional loans. Their top markets by origination volume include: Deltona, Ocala, Orlando, The Villages, and Palm Bay among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Mainstreet Community Bank Of Florida 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
89Origination Dollar Volume (All Markets)
$26,635,000Top 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 |
|---|---|---|---|---|---|
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 54 | $15,040,000 | $278,519 | $0 | 0.00% |
| OCALA, FL (FHA|USDA|VA) | 12 | $3,980,000 | $331,667 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 9 | $3,035,000 | $337,222 | $0 | 0.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $1,270,000 | $635,000 | $0 | 0.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $1,270,000 | $635,000 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $600,000 | $150,000 | $0 | 0.00% |
| ALBANY, GA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 89 | $26,635,000 | $299,270 | $0 | 0.00% |
For 2023, Mainstreet Community Bank Of Florida's most frequently originated type of loan was Conventional, with 89 originations.
Loan Reason
For 2023, Mainstreet Community Bank Of Florida's most frequently cited loan purpose was Home Purchase, with 64 originations. The 2nd most popular reason was Refi, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 89 | $26,635,000 | $299,270 | $0 | 0.00% |
For 2023, Mainstreet Community Bank Of Florida's most frequently cited loan duration was Other, with 89 originations.
Loan Sizing
2023 saw Mainstreet Community Bank Of Florida place emphasis on $200k-400k loans with 32 originations, totaling $8,680,000 in origination value.
Applicant Income
Mainstreet Community Bank Of Florida lent most frequently to those with incomes in the $150k-250k range, with 18 originations. The second most popular income band? $50k-75k, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 89 | $26,635,000 | $299,270 | $0 | 0.00% |
Mainstreet Community Bank Of Florida lent most frequently to those with DTI ratios of Exempt%, with 89 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.28%
Mainstreet Community Bank Of Florida has a below average approval rate.
Pick Rate
Approvals leading to origination71.91%
Mainstreet Community Bank Of Florida has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 89 | $26,635,000 | $299,270 |