Mainstreet Federal Credit Union at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
17th21.5% deniedPricingmedian rate spread over APOR, weight 30%
17th0.76 ptsProcesswithdrawn + incomplete share, weight 15%
85th3.1%Closing coststotal loan costs ÷ loan amount, weight 10%
99th0.20% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 841 | 541 | 19.4% | 20.1% | 8.25% | $51M |
| 2024 | 877 | 498 | 25.4% | 26.4% | 8.25% | $50M |
| 2025 | 830 | 464 | 20.8% | 21.5% | 7.75% | $55M |
What Mainstreet Federal Credit Union lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 293 home-equity lines, 0 reverse mortgages, 2 manufactured homes, 16 investment properties.
Why Mainstreet Federal Credit Union denies applications
Primary reason reported for each of the 173 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Mainstreet Federal Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 94 | 29 | 50.0% |
| $50k – $100k | 255 | 127 | 23.5% |
| $100k – $150k | 161 | 100 | 13.4% |
| $150k – $250k | 161 | 111 | 11.0% |
| Over $250k | 32 | 20 | 22.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 63 | 30 | 12.9% |
| 35–44 | 141 | 62 | 32.8% |
| 45–54 | 198 | 120 | 24.2% |
| 55–64 | 199 | 119 | 16.6% |
| 65–74 | 137 | 83 | 18.2% |
| Over 74 | 62 | 30 | 27.4% |
Where Mainstreet Federal Credit Union lends
3 states and 21 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Mainstreet Federal Credit Union denied 21.5% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 17th percentile of small mortgage lenders.
The most common reason Mainstreet Federal Credit Union gave in 2025 was "debt-to-income ratio", cited on 46.2% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Mainstreet Federal Credit Union originated in 2025 was 7.75%, and its median rate spread over the average prime offer rate was 0.76 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 14% of its applications were for home purchases, 13% for refinancing (including cash-out), and 73% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.