Legends Bank Mortgage Rates, Fees & Info
Linn, MOLEI: 254900T0CZ8ZKC5R7A88
Tax ID: 43-0380225
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Mortgage Data
Review & Overview
Legends Bank is a smaller bank specializing in Home Purchase loans. Legends Bank has a high proportion of conventional loans. Their top two markets are Jefferson City and St. Louis .Legends Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
129Origination Dollar Volume (All Markets)
$26,915,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| JEFFERSON CITY, MO (FHA|USDA|VA) | 79 | $17,025,000 | $215,506 | $0 | 0.00% |
| Outside of Metro Areas | 34 | $6,170,000 | $181,471 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 16 | $3,720,000 | $232,500 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 129 | $26,915,000 | $208,643 | $0 | 0.00% |
For 2024, Legends Bank's most frequently originated type of loan was Conventional, with 129 originations.
Loan Reason
For 2024, Legends Bank's most frequently cited loan purpose was Home Purchase, with 96 originations. The 2nd most popular reason was Refi, with 20 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 129 | $26,915,000 | $208,643 | $0 | 0.00% |
For 2024, Legends Bank's most frequently cited loan duration was Other, with 129 originations.
Loan Sizing
2024 saw Legends Bank place emphasis on $100k-200k loans with 46 originations, totaling $6,990,000 in origination value.
Applicant Income
Legends Bank lent most frequently to those with incomes in the $100k-150k range, with 27 originations. The second most popular income band? $50k-75k, with 19 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 129 | $26,915,000 | $208,643 | $0 | 0.00% |
Legends Bank lent most frequently to those with DTI ratios of Exempt%, with 129 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.32%
Legends Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination88.37%
Legends Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 129 | $26,915,000 | $208,643 |