Legence Bank Mortgage Rates, Fees & Info
Eldorado, ILLEI: 549300OVUSU8E87XZV67
Tax ID: 37-0275020
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Mortgage Data
Review & Overview
Legence Bank is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. Legence Bank has a high proportion of conventional loans. Their top markets by origination volume include: Carbondale, Sevierville, Paducah, Evansville, and Urban Honolulu among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Legence Bank 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
99Origination Dollar Volume (All Markets)
$13,375,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 52 | $6,300,000 | $121,154 | $0 | 0.00% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 27 | $3,135,000 | $116,111 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $1,460,000 | $730,000 | $0 | 0.00% |
| Paducah, KY-IL (FHA|USDA|VA) | 5 | $725,000 | $145,000 | $0 | 0.00% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 7 | $605,000 | $86,429 | $0 | 0.00% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 0.00% |
| Mount Vernon, IL (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (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 | 99 | $13,375,000 | $135,101 | $0 | 0.00% |
For 2023, Legence Bank's most frequently originated type of loan was Conventional, with 99 originations.
Loan Reason
For 2023, Legence Bank's most frequently cited loan purpose was Home Purchase, with 46 originations. The 2nd most popular reason was Cash Out Refi, with 36 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 99 | $13,375,000 | $135,101 | $0 | 0.00% |
For 2023, Legence Bank's most frequently cited loan duration was Other, with 99 originations.
Loan Sizing
2023 saw Legence Bank place emphasis on $100,000 or less loans with 48 originations, totaling $2,740,000 in origination value.
Applicant Income
Legence Bank lent most frequently to those with incomes in the $50k-75k range, with 30 originations. The second most popular income band? $100k-150k, with 19 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 99 | $13,375,000 | $135,101 | $0 | 0.00% |
Legence Bank lent most frequently to those with DTI ratios of Exempt%, with 99 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.17%
Legence Bank has a below average approval rate.
Pick Rate
Approvals leading to origination69.70%
Legence Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 99 | $13,375,000 | $135,101 |