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 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 a below average pick rate when compared to similar lenders.
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Originations
236Origination Dollar Volume (All Markets)
$40,580,000Top 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) | 161 | $20,975,000 | $130,280 | $0 | 0.00% |
| Outside of Metro Areas | 32 | $12,220,000 | $381,875 | $0 | 0.00% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 43 | $7,385,000 | $171,744 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 236 | $40,580,000 | $171,949 | $0 | 0.00% |
For 2023, Main Street Bank Corp.'s most frequently originated type of loan was Conventional, with 236 originations.
Loan Reason
For 2023, Main Street Bank Corp.'s most frequently cited loan purpose was Home Purchase, with 154 originations. The 2nd most popular reason was Cash Out Refi, with 42 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 236 | $40,580,000 | $171,949 | $0 | 0.00% |
For 2023, Main Street Bank Corp.'s most frequently cited loan duration was Other, with 236 originations.
Loan Sizing
2023 saw Main Street Bank Corp. place emphasis on $100,000 or less loans with 102 originations, totaling $6,270,000 in origination value.
Applicant Income
Main Street Bank Corp. lent most frequently to those with incomes in the $100k-150k range, with 37 originations. The second most popular income band? $150k-250k, with 33 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 236 | $40,580,000 | $171,949 | $0 | 0.00% |
Main Street Bank Corp. lent most frequently to those with DTI ratios of Exempt%, with 236 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.70%
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 origination87.29%
Main Street Bank Corp. has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 236 | $40,580,000 | $171,949 |