Legacy National Bank Mortgage Rates, Fees & Info
Springdale, ARLEI: 549300AR337B2RGP3C69
Tax ID: 20-2282203
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Mortgage Data
Review & Overview
Legacy National Bank is a smaller bank specializing in Home Purchase and Refi loans. Legacy National Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Fayetteville, Nashville, Muskogee, Dallas, and Des Moines among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Legacy National 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
124Origination Dollar Volume (All Markets)
$40,080,000Top 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 |
|---|---|---|---|---|---|
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 104 | $34,660,000 | $333,269 | $0 | 0.00% |
| Outside of Metro Areas | 14 | $3,210,000 | $229,286 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $0 | 0.00% |
| Muskogee, OK (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| Batesville, AR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 121 | $39,265,000 | $324,504 | $0 | 0.00% |
| FHA | 2 | $530,000 | $265,000 | $0 | 0.00% |
| VA | 1 | $285,000 | $285,000 | $0 | 0.00% |
For 2024, Legacy National Bank's most frequently originated type of loan was Conventional, with 121 originations. Their 2nd most popular type was FHA, with 2 originations.
Loan Reason
For 2024, Legacy National Bank's most frequently cited loan purpose was Home Purchase, with 71 originations. The 2nd most popular reason was Refi, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 124 | $40,080,000 | $323,226 | $0 | 0.00% |
For 2024, Legacy National Bank's most frequently cited loan duration was Other, with 124 originations.
Loan Sizing
2024 saw Legacy National Bank place emphasis on $200k-400k loans with 38 originations, totaling $10,320,000 in origination value.
Applicant Income
Legacy National Bank lent most frequently to those with incomes in the $250k+ range, with 22 originations. The second most popular income band? $150k-250k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 124 | $40,080,000 | $323,226 | $0 | 0.00% |
Legacy National Bank lent most frequently to those with DTI ratios of Exempt%, with 124 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.91%
Legacy National 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 origination74.19%
Legacy National Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 124 | $40,080,000 | $323,226 |