Legends Bank Mortgage Rates, Fees & Info

Linn, MO

LEI: 254900T0CZ8ZKC5R7A88

Tax ID: 43-0380225

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Mortgage Data

Review & Overview

Legends Bank is a smaller bank specializing in Home Purchase and Refi 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 an above average pick rate when compared to similar lenders.

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Originations

118

Origination Dollar Volume (All Markets)

$30,160,000

Top 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) 65 $17,425,000 $268,077 $0 0.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 22 $7,070,000 $321,364 $0 0.00%
Outside of Metro Areas 31 $5,665,000 $182,742 $0 0.00%
Legends Bank's top markets include Jefferson City and St. Louis among others.

Their top states include:
  • Missouri (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 118 $30,160,000 $255,593 $0 0.00%

    For 2023, Legends Bank's most frequently originated type of loan was Conventional, with 118 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 79 $21,325,000 $269,937 $0 0.00%
    Refi 29 $7,495,000 $258,448 $0 0.00%
    Home Improvement 7 $825,000 $117,857 $0 0.00%
    Other 3 $515,000 $171,667 $0 0.00%

    For 2023, Legends Bank's most frequently cited loan purpose was Home Purchase, with 79 originations. The 2nd most popular reason was Refi, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 118 $30,160,000 $255,593 $0 0.00%

    For 2023, Legends Bank's most frequently cited loan duration was Other, with 118 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 35 $5,165,000 $147,571 $0 0.00%
    $100,000 or less 32 $2,000,000 $62,500 $0 0.00%
    $200k-400k 31 $8,475,000 $273,387 $0 0.00%
    $400k-600k 11 $5,205,000 $473,182 $0 0.00%
    $600k-1MM 5 $3,475,000 $695,000 $0 0.00%
    $1MM+ 4 $5,840,000 $1,460,000 $0 0.00%

    2023 saw Legends Bank place emphasis on $100k-200k loans with 35 originations, totaling $5,165,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 18 $2,540,000 $141,111 $0 0.00%
    $75k-100k 16 $3,360,000 $210,000 $0 0.00%
    $100k-150k 15 $3,545,000 $236,333 $0 0.00%
    $50k or less 14 $1,300,000 $92,857 $0 0.00%
    $150k-250k 6 $2,200,000 $366,667 $0 0.00%
    $250k+ 2 $830,000 $415,000 $0 0.00%

    Legends Bank lent most frequently to those with incomes in the $50k-75k range, with 18 originations. The second most popular income band? $75k-100k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 118 $30,160,000 $255,593 $0 0.00%

    Legends Bank lent most frequently to those with DTI ratios of Exempt%, with 118 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 45 $16,125,000 $358,333 $0 0.00%
    White 69 $12,815,000 $185,725 $0 0.00%
    Black 1 $565,000 $565,000 $0 0.00%
    Asian Indian 1 $365,000 $365,000 $0 0.00%
    Not provided 2 $290,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.07%

    Legends Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.37%

    Legends Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 118 $30,160,000 $255,593

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    118 $30,160,000 $255,593