Main Street Financial Mortgage Lending & HMDA Data, 2011
In 2011, Main Street Financial of Indianapolis, IN reported 2,303 mortgage applications totaling $341.4 million, up 10% from 2010. The average application was for $148,247, and applicants reported an average income of $70,049. 56% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Davenport-Moline-Rock Island, IA-IL (285), Indianapolis-Carmel, IN (260) and Orlando-Kissimmee-Sanford, FL (108) (applications in parentheses).
| Mortgage Company & Address | Main Street Financial 9953 Crosspoint Blvd. Indianapolis, IN 46256 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2011 2010 |
| Total Number of Mortgage Applications | 2,303 |
| Total Mortgage Loan Application Amount | $341,414,000 |
| Average Mortgage Loan Application Amount | $148,247 |
| Highest Mortgage Loan Application Amount | $840,000 |
| Average Applicant Income | $70,049 |
| Highest Applicant Income | $854,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Main Street Financial filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Davenport-Moline-Rock Island, IA-IL | 285 | $ 29,096,000 | $ 102,091 | $ 47,652 |
| Indianapolis-Carmel, IN | 260 | $ 46,961,000 | $ 180,619 | $ 97,000 |
| Orlando-Kissimmee-Sanford, FL | 108 | $ 13,904,000 | $ 128,740 | $ 50,000 |
| Jacksonville, FL | 106 | $ 16,815,000 | $ 158,632 | $ 74,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 90 | $ 14,616,000 | $ 162,400 | $ 85,000 |
| Tulsa, OK | 78 | $ 12,128,000 | $ 155,487 | $ 67,000 |
| Lansing-East Lansing, MI | 72 | $ 9,249,000 | $ 128,458 | $ 66,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 68 | $ 12,269,000 | $ 180,426 | $ 93,000 |
| Tampa-St. Petersburg-Clearwater, FL | 67 | $ 9,212,000 | $ 137,492 | $ 69,000 |
| New Orleans-Metairie-Kenner, LA | 56 | $ 6,684,000 | $ 119,357 | $ 50,000 |
| Ocala, FL | 44 | $ 4,919,000 | $ 111,795 | $ 50,000 |
| Chicago-Joliet-Naperville, IL | 43 | $ 8,975,000 | $ 208,720 | $ 94,000 |
| Cape Coral-Fort Myers, FL | 38 | $ 4,567,000 | $ 120,184 | $ 75,000 |
| Oklahoma City, OK | 36 | $ 6,069,000 | $ 168,583 | $ 73,000 |
| Rockford, IL | 34 | $ 4,053,000 | $ 119,205 | $ 29,000 |
| Monroe, MI | 33 | $ 4,119,000 | $ 124,818 | $ 60,000 |
| Greensboro-High Point, NC | 28 | $ 4,158,000 | $ 148,500 | $ 61,000 |
| Lincoln, NE | 28 | $ 4,952,000 | $ 176,857 | $ 67,000 |
| Port St. Lucie, FL | 28 | $ 3,484,000 | $ 124,428 | $ 52,000 |
| Savannah, GA | 28 | $ 4,923,000 | $ 175,821 | $ 73,000 |
| Memphis, TN-MS-AR | 21 | $ 3,217,000 | $ 153,190 | $ 63,952 |
| Terre Haute, IN | 21 | $ 1,896,000 | $ 90,285 | $ 45,000 |
| Lakeland-Winter Haven, FL | 20 | $ 2,351,000 | $ 117,550 | $ 52,000 |
| Naples-Marco Island, FL | 20 | $ 4,289,000 | $ 214,450 | $ 71,000 |
| North Port-Bradenton-Sarasota, FL | 20 | $ 3,838,000 | $ 191,900 | $ 106,000 |
| Austin-Round Rock-San Marcos, TX | 17 | $ 3,512,000 | $ 206,588 | $ 112,000 |
| Harrisburg-Carlisle, PA | 17 | $ 2,158,000 | $ 126,941 | $ 58,000 |
| Mobile, AL | 17 | $ 2,628,000 | $ 154,588 | $ 38,000 |
| Miami-Miami Beach-Kendall, FL | 16 | $ 3,184,000 | $ 199,000 | $ 86,000 |
| Palm Bay-Melbourne-Titusville, FL | 14 | $ 1,868,000 | $ 133,428 | $ 56,000 |
| Hot Springs, AR | 12 | $ 2,280,000 | $ 190,000 | $ 78,000 |
| Houston-Sugar Land-Baytown, TX | 12 | $ 2,124,000 | $ 177,000 | $ 72,000 |
| Warren-Troy-Farmington Hills, MI | 12 | $ 2,035,000 | $ 169,583 | $ 85,000 |
| Atlanta-Sandy Springs-Marietta, GA | 10 | $ 1,495,000 | $ 149,500 | $ 44,000 |
| Huntsville, AL | 10 | $ 1,966,000 | $ 196,600 | $ 85,000 |
| Kingsport-Bristol-Bristol, TN-VA | 10 | $ 2,128,000 | $ 212,800 | $ 81,000 |
| Anderson, IN | 9 | $ 972,000 | $ 108,000 | $ 47,000 |
| Iowa City, IA | 9 | $ 1,131,000 | $ 125,666 | $ 54,000 |
| Detroit-Livonia-Dearborn, MI | 8 | $ 1,609,000 | $ 201,125 | $ 95,000 |
| Lafayette, IN | 8 | $ 970,000 | $ 121,250 | $ 32,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 8 | $ 1,327,000 | $ 165,875 | $ 70,000 |
| Sebastian-Vero Beach, FL | 8 | $ 1,331,000 | $ 166,375 | $ 91,000 |
| Winston-Salem, NC | 8 | $ 1,144,000 | $ 143,000 | $ 77,000 |
| Baton Rouge, LA | 7 | $ 1,463,000 | $ 209,000 | $ 86,000 |
| Dubuque, IA | 7 | $ 744,000 | $ 106,285 | $ 45,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 6 | $ 951,000 | $ 158,500 | $ 87,333 |
| Cheyenne, WY | 6 | $ 1,238,000 | $ 206,333 | $ 43,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 6 | $ 1,109,000 | $ 184,833 | $ 69,000 |
| Grand Rapids-Wyoming, MI | 6 | $ 780,000 | $ 130,000 | $ 65,000 |
| Ann Arbor, MI | 5 | $ 1,023,000 | $ 204,600 | $ 81,000 |
| Cedar Rapids, IA | 5 | $ 551,000 | $ 110,200 | $ 67,000 |
| El Paso, TX | 5 | $ 1,295,000 | $ 259,000 | $ 142,000 |
| Gainesville, FL | 5 | $ 826,000 | $ 165,200 | $ 66,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 5 | $ 620,000 | $ 124,000 | $ 137,000 |
| Tallahassee, FL | 5 | $ 841,000 | $ 168,200 | $ 50,000 |
| Birmingham-Hoover, AL | 4 | $ 730,000 | $ 182,500 | $ 60,000 |
| Bloomington, IN | 4 | $ 928,000 | $ 232,000 | $ 247,000 |
| Columbia, MO | 4 | $ 571,000 | $ 142,750 | $ 61,000 |
| Jackson, MI | 4 | $ 373,000 | $ 93,250 | $ 40,000 |
| Lake County-Kenosha County, IL-WI | 4 | $ 1,738,000 | $ 434,500 | $ 147,000 |
| Lawton, OK | 4 | $ 1,024,000 | $ 256,000 | $ 105,000 |
| Omaha-Council Bluffs, NE-IA | 4 | $ 536,000 | $ 134,000 | $ 60,250 |
| Punta Gorda, FL | 4 | $ 282,000 | $ 70,500 | $ 41,000 |
| Beaumont-Port Arthur, TX | 3 | $ 263,000 | $ 87,666 | $ 59,000 |
| Charleston-North Charleston-Summerville, SC | 3 | $ 449,000 | $ 149,666 | $ 68,000 |
| Cleveland-Elyria-Mentor, OH | 3 | $ 444,000 | $ 148,000 | $ 52,000 |
| Fort Wayne, IN | 3 | $ 521,000 | $ 173,666 | $ 83,000 |
| Hickory-Lenoir-Morganton, NC | 3 | $ 481,000 | $ 160,333 | $ 89,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 3 | $ 1,363,000 | $ 454,333 | $ 211,000 |
| Philadelphia, PA | 3 | $ 637,000 | $ 212,333 | $ 92,000 |
| San Antonio-New Braunfels, TX | 3 | $ 357,000 | $ 119,000 | $ 45,000 |
| Santa Rosa-Petaluma, CA | 3 | $ 1,222,000 | $ 407,333 | $ 289,000 |
| Augusta-Richmond County, GA-SC | 2 | $ 355,000 | $ 177,500 | $ 49,000 |
| Bloomington-Normal, IL | 2 | $ 226,000 | $ 113,000 | $ 76,000 |
| Casper, WY | 2 | $ 570,000 | $ 285,000 | $ 62,000 |
| Cincinnati-Middletown, OH-KY-IN | 2 | $ 594,000 | $ 297,000 | $ 109,000 |
| Columbus, OH | 2 | $ 331,000 | $ 165,500 | $ 66,000 |
| Decatur, AL | 2 | $ 248,000 | $ 124,000 | $ 72,000 |
| Fort Smith, AR-OK | 2 | $ 277,000 | $ 138,500 | $ 62,000 |
| Fort Worth-Arlington, TX | 2 | $ 508,000 | $ 254,000 | $ 61,000 |
| Gary, IN | 2 | $ 287,000 | $ 143,500 | $ 71,000 |
| Gulfport-Biloxi, MS | 2 | $ 219,000 | $ 109,500 | $ 37,000 |
| Janesville, WI | 2 | $ 159,000 | $ 79,500 | $ 0 |
| Kalamazoo-Portage, MI | 2 | $ 227,000 | $ 113,500 | $ 49,000 |
| Kokomo, IN | 2 | $ 243,000 | $ 121,500 | $ 55,000 |
| Lancaster, PA | 2 | $ 578,000 | $ 289,000 | $ 139,000 |
| Muncie, IN | 2 | $ 310,000 | $ 155,000 | $ 91,000 |
| Palm Coast, FL | 2 | $ 227,000 | $ 113,500 | $ 35,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 128,000 | $ 64,000 | $ 28,000 |
| Pittsburgh, PA | 2 | $ 214,000 | $ 107,000 | $ 99,000 |
| Rocky Mount, NC | 2 | $ 337,000 | $ 168,500 | $ 141,000 |
| St. Louis, MO-IL | 2 | $ 330,000 | $ 165,000 | $ 65,500 |
| Asheville, NC | 1 | $ 219,000 | $ 219,000 | $ 150,000 |
| Bay City, MI | 1 | $ 97,000 | $ 97,000 | $ 35,000 |
| Blacksburg-Christiansburg-Radford, VA | 1 | $ 120,000 | $ 120,000 | $ 58,000 |
| Champaign-Urbana, IL | 1 | $ 417,000 | $ 417,000 | $ 280,000 |
| Corpus Christi, TX | 1 | $ 200,000 | $ 200,000 | $ 165,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 69,000 | $ 69,000 | $ 8,000 |
| Dallas-Plano-Irving, TX | 1 | $ 273,000 | $ 273,000 | $ 122,000 |
| Dayton, OH | 1 | $ 58,000 | $ 58,000 | $ 65,000 |
| Decatur, IL | 1 | $ 141,000 | $ 141,000 | $ 52,000 |
| Flint, MI | 1 | $ 116,000 | $ 116,000 | $ 42,000 |
| Hinesville-Fort Stewart, GA | 1 | $ 143,000 | $ 143,000 | $ 80,000 |
| Jefferson City, MO | 1 | $ 41,000 | $ 41,000 | $ 28,000 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 95,000 | $ 95,000 | $ 44,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 581,000 | $ 581,000 | $ 226,000 |
| Muskegon-Norton Shores, MI | 1 | $ 133,000 | $ 133,000 | $ 23,000 |
| Panama City-Lynn Haven-Panama City Beach, FL | 1 | $ 135,000 | $ 135,000 | $ 34,000 |
| Peoria, IL | 1 | $ 116,000 | $ 116,000 | $ 76,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 1 | $ 189,000 | $ 189,000 | $ 42,000 |
| Raleigh-Cary, NC | 1 | $ 174,000 | $ 174,000 | $ 131,000 |
| Saginaw-Saginaw Township North, MI | 1 | $ 184,000 | $ 184,000 | $ 60,000 |
| Santa Fe, NM | 1 | $ 410,000 | $ 410,000 | $ 451,000 |
| Shreveport-Bossier City, LA | 1 | $ 350,000 | $ 350,000 | $ 102,000 |
| Springfield, IL | 1 | $ 88,000 | $ 88,000 | $ 30,000 |
| Stockton, CA | 1 | $ 161,000 | $ 161,000 | $ 141,000 |
| Sumter, SC | 1 | $ 94,000 | $ 94,000 | $ 60,000 |
| Waterloo-Cedar Falls, IA | 1 | $ 93,000 | $ 93,000 | $ 53,000 |
| York-Hanover, PA | 1 | $ 93,000 | $ 93,000 | $ 41,000 |
Mortgage Loan Application Detail Totals for Main Street Financial in 2011
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 1,251 | $166,997,000 | $133,000 | $707,000 | $60,000 | $708,000 |
| Refinancing | 1,052 | $174,417,000 | $165,000 | $840,000 | $82,000 | $854,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 1,544 | $245,132,000 | $158,000 | $840,000 | $80,000 | $854,000 |
| Hispanic | 323 | $35,442,000 | $109,000 | $606,000 | $44,000 | $300,000 |
| Black or African American | 216 | $28,045,000 | $129,000 | $365,000 | $52,000 | $182,000 |
| Not Provided | 182 | $27,524,000 | $151,000 | $825,000 | $55,000 | $420,000 |
| Asian | 35 | $4,900,000 | $140,000 | $313,000 | $59,000 | $202,000 |
| American Indian or Alaskan Native | 2 | $153,000 | $76,000 | $93,000 | $25,000 | $50,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $218,000 | $218,000 | $218,000 | $67,000 | $67,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 1,194 | $149,553,000 | $125,000 | $428,000 | $50,000 | $233,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 874 | $161,896,000 | $185,000 | $840,000 | $103,000 | $854,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 162 | $17,912,000 | $110,000 | $247,000 | $40,000 | $111,000 |
| VA-guaranteed (Veterans Administration) | 73 | $12,053,000 | $165,000 | $417,000 | $62,000 | $178,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 1,297 | $200,295,000 | $154,000 | $840,000 | $77,000 | $708,000 |
| File Closed For Incompleteness | 757 | $110,827,000 | $146,000 | $797,000 | $63,000 | $854,000 |
| Application Denied By Financial Institution | 249 | $30,292,000 | $121,000 | $428,000 | $54,000 | $451,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Credit History | 148 | $14,930,000 | $100,000 | $319,000 | $44,000 | $177,000 |
| Debt-To-Income Ratio | 33 | $4,714,000 | $142,000 | $417,000 | $54,000 | $451,000 |
| Collateral | 29 | $4,904,000 | $169,000 | $406,000 | $84,000 | $279,000 |
| Other | 16 | $2,371,000 | $148,000 | $428,000 | $77,000 | $218,000 |
| Credit Application Incomplete | 13 | $2,087,000 | $160,000 | $399,000 | $89,000 | $300,000 |
| Employment History | 5 | $452,000 | $90,000 | $148,000 | $24,000 | $46,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $417,000 | $104,000 | $137,000 | $38,000 | $83,000 |
| Unverifiable Information | 1 | $417,000 | $417,000 | $417,000 | $224,000 | $224,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Main Street Financial's 2011 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Main Street Financial's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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