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Mainstreet Federal Credit Union

Lenexa, KS

Mainstreet Federal Credit Union processed 1,072 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 498 loans with a 20.8% denial rate. Other was the primary loan purpose. Based in Lenexa, KS. The approval rate of 46.5% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Mainstreet Federal Credit Union's 46.5% origination rate tells you how often an application turned into funded money; the 20.8% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (1,068 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

1,072
Applications
498
Originated
20.8%
Denial Rate
$119,188
Avg Loan Amount
Avg Interest Rate: 8.006% Avg Applicant Income: $33,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,068 497 222 $118,624
FHA 3 0 1 $258,333
VA 1 1 0 $305,000

Top loan types - Mainstreet Federal Credit Union

Top loan types - Mainstreet Federal Credit Union Horizontal bar chart of the top 3 items by value (applications). Top loan types - Mainstreet Federal Credit Union Top 3 1. Conventional 1,068 2. FHA 3 3. VA 1 Top 5 loan types by application volume at Mainstreet Federal Credit Union (HMDA 2024). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Mainstreet Federal Credit Union (LEI: 549300UFWBQTD1W41E26) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
107
Credit history
86
Other
75
Collateral
41
Unverifiable information
8
Credit application incomplete
3
Employment history
1
Insufficient cash
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 366 205 $60,601
Home Improvement 304 165 $60,461
Home Purchase 295 68 $250,356
Refinancing 71 38 $92,183
Cash-out Refinancing 36 22 $189,167

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 790 52.3% 18.0%
Black or African American 114 34.2% 35.1%
Asian * 21 14.3% 52.4%
Joint * 15 33.3% 20.0%
2 or more minority races * 1 0.0% 100.0%
American Indian or Alaska Native * 1 100.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 832 52.2% 21.0%
Hispanic or Latino 73 26.0% 31.5%
Joint * 19 21.1% 31.6%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in KS

Other HMDA-reporting lenders in KS with similar activity. Compare any two side-by-side.

Communityamerica Credit Union

LENEXA, KS

9,380 apps 6,246 originated 15.0% denied

Leaderone Financial CORP.

OVERLAND PARK, KS

6,935 apps 4,570 originated 7.7% denied

Farmers Bank & Trust

GREAT BEND, KS

2,656 apps 1,284 originated 8.0% denied

Capitol Federal Savings Bank

Lawrence, KS

2,539 apps 1,705 originated 9.7% denied

Armed Forces Bank, N.A.

Leavenworth, KS

2,058 apps 1,191 originated 11.5% denied
Compare Mainstreet Federal Credit Union vs Communityamerica Credit Union →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Mainstreet Federal Credit Union process?
Mainstreet Federal Credit Union processed 1,072 mortgage applications in the 2024 HMDA reporting year. Of these, 498 were originated (approved and funded), 21 were withdrawn by the applicant, and 223 were denied.
What is Mainstreet Federal Credit Union's mortgage approval rate?
Mainstreet Federal Credit Union has an approval (origination) rate of 46.5%, meaning 46.5% of all applications resulted in a funded mortgage. The denial rate is 20.8%.
What is the average loan amount at Mainstreet Federal Credit Union?
The average mortgage loan amount at Mainstreet Federal Credit Union is $119,188. The average interest rate is 8.006%. The average applicant income is $33,000.
What are the most common reasons for mortgage denial at Mainstreet Federal Credit Union?
The most common reasons for mortgage denial at Mainstreet Federal Credit Union are: Debt-to-income ratio, Credit history, Other. In total, 223 applications were denied out of 1,072 total applications.
What types of mortgage loans does Mainstreet Federal Credit Union offer?
Mainstreet Federal Credit Union processes Conventional, FHA, VA loans. The most common type is Conventional with 1,068 applications and an average loan amount of $118,624.
What loan purposes does Mainstreet Federal Credit Union serve?
Mainstreet Federal Credit Union serves the following loan purposes: Other (366 applications), Home Improvement (304 applications), Home Purchase (295 applications), Refinancing (71 applications), Cash-out Refinancing (36 applications). Other is the most common purpose.
Where is Mainstreet Federal Credit Union located?
Mainstreet Federal Credit Union is headquartered in Lenexa, KS. The lender is identified by LEI 549300UFWBQTD1W41E26 in HMDA data.
How does Mainstreet Federal Credit Union compare in lending across racial demographics?
Mainstreet Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 52.3% and denial rate of 18.0%; Black or African American applicants have an approval rate of 34.2% and denial rate of 35.1%; Asian applicants have an approval rate of 14.3% and denial rate of 52.4%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.