Legence Bank Mortgage Rates, Fees & Info
Eldorado, ILLEI: 549300OVUSU8E87XZV67
Tax ID: 37-0275020
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Legence Bank is a smaller bank specializing in Home Purchase and Refi loans. Legence Bank has a high proportion of conventional loans. Their top markets by origination volume include: Carbondale, Evansville, Mount Vernon, St. Louis, and Beaumont among others. We have data for 17 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
144Origination Dollar Volume (All Markets)
$21,210,000Top 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 | 63 | $6,945,000 | $110,238 | $0 | 0.00% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 40 | $6,280,000 | $157,000 | $0 | 0.00% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 10 | $1,860,000 | $186,000 | $0 | 0.00% |
| Mount Vernon, IL (FHA|USDA|VA) | 10 | $1,480,000 | $148,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 3 | $1,225,000 | $408,333 | $0 | 0.00% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $0 | 0.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| Paducah, KY-IL (FHA|USDA|VA) | 5 | $395,000 | $79,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| DECATUR, IL (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Centralia, IL (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 | 144 | $21,210,000 | $147,292 | $0 | 0.00% |
For 2022, Legence Bank's most frequently originated type of loan was Conventional, with 144 originations.
Loan Reason
For 2022, Legence Bank's most frequently cited loan purpose was Home Purchase, with 88 originations. The 2nd most popular reason was Refi, with 28 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 144 | $21,210,000 | $147,292 | $0 | 0.00% |
For 2022, Legence Bank's most frequently cited loan duration was Other, with 144 originations.
Loan Sizing
2022 saw Legence Bank place emphasis on $100,000 or less loans with 62 originations, totaling $3,790,000 in origination value.
Applicant Income
Legence Bank lent most frequently to those with incomes in the $50k or less range, with 38 originations. The second most popular income band? $50k-75k, with 30 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 144 | $21,210,000 | $147,292 | $0 | 0.00% |
Legence Bank lent most frequently to those with DTI ratios of Exempt%, with 144 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.98%
Legence Bank has an average approval rate.
Pick Rate
Approvals leading to origination70.14%
Legence Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 144 | $21,210,000 | $147,292 |