Main Street Home Loans LLC Mortgage Lending & HMDA Data, 2009
In 2009, Main Street Home Loans LLC of Alpharetta, GA reported 2,266 mortgage applications totaling $487.3 million, up 86% from 2008. The average application was for $215,030, and applicants reported an average income of $89,861. 72% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (1,387), Charlotte-Gastonia-Concord, NC-SC (124) and Knoxville, TN (79) (applications in parentheses).
| Mortgage Company & Address | Main Street Home Loans LLC 4010 Old Milton Parkway Alpharetta, GA 30005 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 2010 2009 2008 |
| Total Number of Mortgage Applications | 2,266 |
| Total Mortgage Loan Application Amount | $487,258,000 |
| Average Mortgage Loan Application Amount | $215,030 |
| Highest Mortgage Loan Application Amount | $815,000 |
| Average Applicant Income | $89,861 |
| Highest Applicant Income | $1,300,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Main Street Home Loans LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Main Street Home Loans LLC in 2009
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 |
|---|---|---|---|---|---|---|
| Refinancing | 1,825 | $405,224,000 | $222,000 | $815,000 | $92,000 | $1,300,000 |
| Home Purchase | 412 | $77,154,000 | $187,000 | $645,000 | $82,000 | $604,000 |
| Home Improvement | 29 | $4,880,000 | $168,000 | $417,000 | $67,000 | $138,000 |
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 | 1,718 | $380,452,000 | $221,000 | $815,000 | $95,000 | $1,300,000 |
| Black or African American | 236 | $43,669,000 | $185,000 | $702,000 | $62,000 | $368,000 |
| Not Provided | 153 | $32,555,000 | $212,000 | $645,000 | $84,000 | $550,000 |
| Asian | 87 | $16,753,000 | $192,000 | $417,000 | $73,000 | $360,000 |
| Hispanic | 62 | $11,789,000 | $190,000 | $345,000 | $68,000 | $175,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $1,121,000 | $186,000 | $304,000 | $63,000 | $117,000 |
| American Indian or Alaskan Native | 4 | $919,000 | $229,000 | $301,000 | $95,000 | $184,000 |
| 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,271 | $300,818,000 | $236,000 | $815,000 | $111,000 | $1,300,000 |
| FHA-insured (Federal Housing Administration) | 992 | $185,943,000 | $187,000 | $424,000 | $62,000 | $321,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $254,000 | $127,000 | $128,000 | $38,000 | $41,000 |
| VA-guaranteed (Veterans Administration) | 1 | $243,000 | $243,000 | $243,000 | $73,000 | $73,000 |
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 | 1,624 | $349,167,000 | $215,000 | $815,000 | $88,000 | $958,000 |
| Application Denied By Financial Institution | 361 | $76,476,000 | $211,000 | $665,000 | $93,000 | $1,300,000 |
| File Closed For Incompleteness | 176 | $37,375,000 | $212,000 | $417,000 | $97,000 | $856,000 |
| Application Approved But Not Accepted | 66 | $14,764,000 | $223,000 | $610,000 | $79,000 | $300,000 |
| Application Withdrawn By Applicant | 39 | $9,476,000 | $242,000 | $619,000 | $92,000 | $282,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 67 | $14,680,000 | $219,000 | $417,000 | $97,000 | $279,000 |
| Debt-To-Income Ratio | 49 | $10,997,000 | $224,000 | $600,000 | $76,000 | $468,000 |
| Credit History | 39 | $7,183,000 | $184,000 | $424,000 | $73,000 | $321,000 |
| Unverifiable Information | 25 | $5,549,000 | $221,000 | $380,000 | $77,000 | $179,000 |
| Other | 20 | $3,894,000 | $194,000 | $417,000 | $85,000 | $188,000 |
| Employment History | 13 | $2,283,000 | $175,000 | $277,000 | $76,000 | $137,000 |
| Credit Application Incomplete | 12 | $2,420,000 | $201,000 | $407,000 | $74,000 | $146,000 |
| Mortgage Insurance Denied | 6 | $1,390,000 | $231,000 | $376,000 | $67,000 | $151,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $46,000 | $46,000 | $46,000 | $23,000 | $23,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Main Street Home Loans LLC's 2009 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 Home Loans LLC'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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