# Main Street Bank

> **Canonical URL:** https://saferate.com/lenders/main-street-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Main Street Bank is a bank, headquartered in Marlborough, MA, serving borrowers across 3 states, with 43 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 41% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 62% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300CPZ5G5IZWT7878
- **Headquarters:** Marlborough, MA
- **Geographic Reach:** Regional
- **States Served:** 3
- **State List:** CT, MA, NH
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 59/100
- Rating: ●●●○○ (3/5)

### Pull Through: Acceptable 🙂
- Score: 38/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** +0.095%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,662
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 43
- **Dollar Volume:** $21 million
- **Applications Received:** 60
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $495,465
- **Average Borrower Income:** $249,605
- **Average Property Value:** $743,140

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 21/100 | 40 | +0.083% | $1,678 | Acceptable 🙂 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 31 loans, Score: 21/100 (Acceptable)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 22/100 | 32 | $15M | +0.101% | Acceptable 🙂 |
| Refinance | 22/100 | 11 | $6M | +0.077% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MA | 37 | 0.06% | 61/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Cambridge | MA | 17 | 55/100 |
| Worcester, MA | MA | 10 | 49/100 |

## Frequently Asked Questions

### What loan types does Main Street Bank offer?

Main Street Bank offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Main Street Bank offer mortgages?

Main Street Bank offers mortgages in 3 states: CT, MA, NH.

### How competitive are Main Street Bank's mortgage rates?

Main Street Bank has a pricing score of 59/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.095% above market average.

### What type of lender is Main Street Bank?

Main Street Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Marlborough, MA.

### What is Main Street Bank's loan approval success rate?

Main Street Bank has a pull-through score of 38/100 (Acceptable). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/main-street-bank

### How to Cite

> "Main Street Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/main-street-bank

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