Main Street Bank Corp. Mortgage Rates, Fees & Info
Wheeling, WVLEI: 549300N4D45V7JFCUS34
Tax ID: 55-0780787
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Mortgage Data
Review & Overview
Main Street Bank Corp. is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Main Street Bank Corp. has a high proportion of conventional loans. Their top two markets are Wheeling and Weirton .Main Street Bank Corp. has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
100Origination Dollar Volume (All Markets)
$9,830,000Top 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 |
|---|---|---|---|---|---|
| WHEELING, WV-OH (FHA|USDA|VA) | 93 | $8,915,000 | $95,860 | $0 | 0.00% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 6 | $580,000 | $96,667 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $335,000 | $335,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 100 | $9,830,000 | $98,300 | $0 | 0.00% |
For 2024, Main Street Bank Corp.'s most frequently originated type of loan was Conventional, with 100 originations.
Loan Reason
For 2024, Main Street Bank Corp.'s most frequently cited loan purpose was Home Purchase, with 56 originations. The 2nd most popular reason was Refi, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 100 | $9,830,000 | $98,300 | $0 | 0.00% |
For 2024, Main Street Bank Corp.'s most frequently cited loan duration was Other, with 100 originations.
Loan Sizing
2024 saw Main Street Bank Corp. place emphasis on $100,000 or less loans with 73 originations, totaling $3,605,000 in origination value.
Applicant Income
Main Street Bank Corp. lent most frequently to those with incomes in the $75k-100k range, with 9 originations. The second most popular income band? $150k-250k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 100 | $9,830,000 | $98,300 | $0 | 0.00% |
Main Street Bank Corp. lent most frequently to those with DTI ratios of Exempt%, with 100 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.58%
Main Street Bank Corp. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination92.00%
Main Street Bank Corp. has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 100 | $9,830,000 | $98,300 |