Legacy Community Federal Credit Union Mortgage Rates, Fees & Info
BIRMINGHAM, ALLEI: 5493006JU3IPG0E80D85
Tax ID: 63-0363853
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Legacy Community Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Refi, and Home Purchase loans. Legacy Community Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Birmingham, Crestview, Cullman, Daphne, and Tuscaloosa among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Legacy Community Federal Credit Union has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
167Origination Dollar Volume (All Markets)
$33,155,000Top 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 |
|---|---|---|---|---|---|
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 152 | $28,500,000 | $187,500 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $2,265,000 | $2,265,000 | $0 | 0.00% |
| Cullman, AL (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 0.00% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| GADSDEN, AL (FHA|USDA|VA) | 4 | $200,000 | $50,000 | $0 | 0.00% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 167 | $33,155,000 | $198,533 | $0 | 0.00% |
For 2021, Legacy Community Federal Credit Union's most frequently originated type of loan was Conventional, with 167 originations.
Loan Reason
For 2021, Legacy Community Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 70 originations. The 2nd most popular reason was Refi, with 52 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 167 | $33,155,000 | $198,533 | $0 | 0.00% |
For 2021, Legacy Community Federal Credit Union's most frequently cited loan duration was Other, with 167 originations.
Loan Sizing
2021 saw Legacy Community Federal Credit Union place emphasis on $100k-200k loans with 57 originations, totaling $8,825,000 in origination value.
Applicant Income
Legacy Community Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 41 originations. The second most popular income band? $100k-150k, with 38 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 167 | $33,155,000 | $198,533 | $0 | 0.00% |
Legacy Community Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 167 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.94%
Legacy Community Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination91.02%
Legacy Community Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 167 | $33,155,000 | $198,533 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Lazega & Johanson LLC | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |