Legacy Bank Mortgage Rates, Fees & Info
Colwich, KSLEI: 549300EB748TPUCF9H23
Tax ID: 48-0435770
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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: Wichita, Tulsa, Hutchinson, Cañon City, and Manhattan among others. We have data for 6 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 a below average pick rate when compared to similar lenders.
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Originations
164Origination Dollar Volume (All Markets)
$49,610,000Top 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 |
|---|---|---|---|---|---|
| WICHITA, KS (FHA|USDA|VA) | 148 | $45,280,000 | $305,946 | $0 | 0.00% |
| Outside of Metro Areas | 10 | $3,510,000 | $351,000 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 0.00% |
| Hutchinson, KS (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 0.00% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 164 | $49,610,000 | $302,500 | $0 | 0.00% |
For 2023, Legacy Bank's most frequently originated type of loan was Conventional, with 164 originations.
Loan Reason
For 2023, Legacy Bank's most frequently cited loan purpose was Home Purchase, with 122 originations. The 2nd most popular reason was Refi, with 23 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 164 | $49,610,000 | $302,500 | $0 | 0.00% |
For 2023, Legacy Bank's most frequently cited loan duration was Other, with 164 originations.
Loan Sizing
2023 saw Legacy Bank place emphasis on $100k-200k loans with 72 originations, totaling $10,320,000 in origination value.
Applicant Income
Legacy Bank lent most frequently to those with incomes in the $100k-150k range, with 12 originations. The second most popular income band? $250k+, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 164 | $49,610,000 | $302,500 | $0 | 0.00% |
Legacy Bank lent most frequently to those with DTI ratios of Exempt%, with 164 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.37%
Legacy 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 origination87.20%
Legacy Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 164 | $49,610,000 | $302,500 |