Legend Bank N.a. Mortgage Rates, Fees & Info
Bowie, TXLEI: 549300GZ7AZQEUEDGU30
Tax ID: 75-0150372
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Mortgage Data
Review & Overview
Legend Bank N.a. is a smaller bank specializing in Home Purchase loans. Legend Bank N.a. has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Sherman, Wichita Falls, Bonham, and Paris among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)Legend Bank N.a. has an 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
123Origination Dollar Volume (All Markets)
$47,135,000Top 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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 43 | $17,755,000 | $412,907 | $0 | 0.00% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 20 | $14,520,000 | $726,000 | $0 | 0.00% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 16 | $3,670,000 | $229,375 | $0 | 0.00% |
| Outside of Metro Areas | 15 | $3,505,000 | $233,667 | $0 | 0.00% |
| Bonham, TX (FHA|USDA|VA) | 12 | $2,760,000 | $230,000 | $0 | 0.00% |
| Paris, TX (FHA|USDA|VA) | 3 | $1,355,000 | $451,667 | $0 | 0.00% |
| Durant, OK (FHA|USDA|VA) | 5 | $855,000 | $171,000 | $0 | 0.00% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| Duncan, OK (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| Granbury, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| McAlester, OK (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 123 | $47,135,000 | $383,211 | $0 | 0.00% |
For 2023, Legend Bank N.a.'s most frequently originated type of loan was Conventional, with 123 originations.
Loan Reason
For 2023, Legend Bank N.a.'s most frequently cited loan purpose was Home Purchase, with 102 originations. The 2nd most popular reason was Home Improvement, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 123 | $47,135,000 | $383,211 | $0 | 0.00% |
For 2023, Legend Bank N.a.'s most frequently cited loan duration was Other, with 123 originations.
Loan Sizing
2023 saw Legend Bank N.a. place emphasis on $200k-400k loans with 40 originations, totaling $10,950,000 in origination value.
Applicant Income
Legend Bank N.a. lent most frequently to those with incomes in the $100k-150k range, with 15 originations. The second most popular income band? $150k-250k, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 123 | $47,135,000 | $383,211 | $0 | 0.00% |
Legend Bank N.a. lent most frequently to those with DTI ratios of Exempt%, with 123 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.00%
Legend Bank N.a. has an average approval rate.
Pick Rate
Approvals leading to origination74.80%
Legend Bank N.a. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 123 | $47,135,000 | $383,211 |