Legacy Bank Mortgage Rates, Fees & Info
Hinton, OKLEI: 549300E76OWAX7HQJX42
Tax ID: 73-0149048
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Legacy Bank is a smaller bank specializing in Home Purchase and Refi loans. Legacy Bank has a high proportion of conventional loans. Their top markets by origination volume include: Oklahoma City, Phoenix, Duncan, Weatherford, and Tulsa among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Legacy 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
166Origination Dollar Volume (All Markets)
$30,050,000Top 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 |
|---|---|---|---|---|---|
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 90 | $19,170,000 | $213,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 7 | $4,845,000 | $692,143 | $0 | 0.00% |
| Duncan, OK (FHA|USDA|VA) | 33 | $2,105,000 | $63,788 | $0 | 0.00% |
| Weatherford, OK (FHA|USDA|VA) | 7 | $1,175,000 | $167,857 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 6 | $880,000 | $146,667 | $0 | 0.00% |
| Outside of Metro Areas | 9 | $745,000 | $82,778 | $0 | 0.00% |
| Shawnee, OK (FHA|USDA|VA) | 6 | $600,000 | $100,000 | $0 | 0.00% |
| Elk City, OK (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $0 | 0.00% |
| LAWTON, OK (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 0.00% |
| McAlester, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Ardmore, OK (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| Stillwater, OK (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 | 166 | $30,050,000 | $181,024 | $0 | 0.00% |
For 2022, Legacy Bank's most frequently originated type of loan was Conventional, with 166 originations.
Loan Reason
For 2022, Legacy Bank's most frequently cited loan purpose was Home Purchase, with 129 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 | 166 | $30,050,000 | $181,024 | $0 | 0.00% |
For 2022, Legacy Bank's most frequently cited loan duration was Other, with 166 originations.
Loan Sizing
2022 saw Legacy Bank place emphasis on $100,000 or less loans with 72 originations, totaling $3,920,000 in origination value.
Applicant Income
Legacy Bank lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $250k+, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 166 | $30,050,000 | $181,024 | $0 | 0.00% |
Legacy Bank lent most frequently to those with DTI ratios of Exempt%, with 166 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.48%
Legacy Bank has an average approval rate.
Pick Rate
Approvals leading to origination96.99%
Legacy Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 166 | $30,050,000 | $181,024 |