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, Orlando, Ocala, Palm Bay, and Palatka among others. We have data for 12 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
134Origination Dollar Volume (All Markets)
$51,500,000Top 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) | 65 | $18,295,000 | $281,462 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 22 | $12,590,000 | $572,273 | $0 | 0.00% |
| OCALA, FL (FHA|USDA|VA) | 22 | $8,890,000 | $404,091 | $0 | 0.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $5,065,000 | $5,065,000 | $0 | 0.00% |
| Outside of Metro Areas | 17 | $3,785,000 | $222,647 | $0 | 0.00% |
| Palatka, FL (FHA|USDA|VA) | 1 | $1,345,000 | $1,345,000 | $0 | 0.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Thomasville, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Bainbridge, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 134 | $51,500,000 | $384,328 | $0 | 0.00% |
For 2022, Mainstreet Community Bank Of Florida's most frequently originated type of loan was Conventional, with 134 originations.
Loan Reason
For 2022, Mainstreet Community Bank Of Florida's most frequently cited loan purpose was Home Purchase, with 91 originations. The 2nd most popular reason was Cash Out Refi, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 134 | $51,500,000 | $384,328 | $0 | 0.00% |
For 2022, Mainstreet Community Bank Of Florida's most frequently cited loan duration was Other, with 134 originations.
Loan Sizing
2022 saw Mainstreet Community Bank Of Florida place emphasis on $200k-400k loans with 48 originations, totaling $14,310,000 in origination value.
Applicant Income
Mainstreet Community Bank Of Florida lent most frequently to those with incomes in the $150k-250k range, with 26 originations. The second most popular income band? $100k-150k, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 134 | $51,500,000 | $384,328 | $0 | 0.00% |
Mainstreet Community Bank Of Florida lent most frequently to those with DTI ratios of Exempt%, with 134 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.85%
Mainstreet Community Bank Of Florida has a below average approval rate.
Pick Rate
Approvals leading to origination55.97%
Mainstreet Community Bank Of Florida has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 134 | $51,500,000 | $384,328 |