Legend Lending Corporation Mortgage Rates, Fees & Info
HOUSTON, TXLEI: 549300QCYEU2QLIWN517
Tax ID: 20-8157645
2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Overview
Legend Lending Corporation is a smaller mortgage company specializing in Home Purchase loans. Legend Lending Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include Houston, Austin, Tampa, San Antonio, and Corpus Christi among others. Legend Lending Corporation has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Legend Lending Corporation is typically a high fee lendor.Originations
1,896Origination Dollar Volume (All Markets)
$600,790,000Awards
LEGEND LENDING CORPORATION - 2021
LEGEND LENDING CORPORATION is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
Work for LEGEND LENDING CORPORATION?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
Legend Lending Corporation's average 30 year fixed rate mortgage of loans were
3.21%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.06%.
Relative Fees
Legend Lending Corporation's average total fees for a 30 year fixed rate
mortgage are $7,374.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 798 | $245,660,000 | $307,845 | $7,124 | 3.11% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 545 | $190,725,000 | $349,954 | $5,997 | 3.11% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 301 | $92,215,000 | $306,362 | $8,732 | 3.26% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 50 | $12,610,000 | $252,200 | $5,556 | 3.17% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 34 | $9,490,000 | $279,118 | $5,781 | 3.23% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 31 | $9,385,000 | $302,742 | $10,624 | 3.25% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 28 | $8,950,000 | $319,643 | $6,661 | 3.10% |
| Outside of Metro Areas | 22 | $5,430,000 | $246,818 | $7,877 | 3.15% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 15 | $4,465,000 | $297,667 | $7,961 | 3.20% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 9 | $2,725,000 | $302,778 | $5,062 | 3.10% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 7 | $2,225,000 | $317,857 | $15,810 | 3.16% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 8 | $2,030,000 | $253,750 | $6,827 | 3.31% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $1,340,000 | $670,000 | $17,102 | 3.25% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $1,215,000 | $405,000 | $11,790 | 3.38% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $6,943 | 2.69% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $24,127 | 2.94% |
| Brownwood, TX (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $18,694 | 3.44% |
| OCALA, FL (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $8,644 | 3.38% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $6,743 | 2.88% |
| MIDLAND, TX (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $4,620 | 2.88% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $9,926 | 3.04% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $6,536 | 2.83% |
| El Campo, TX (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $5,482 | 2.75% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $6,755 | 3.13% |
| Key West, FL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $12,039 | 2.75% |
| Brenham, TX (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $3,801 | 2.93% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $2,337 | 3.38% |
| Huntsville, TX (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $4,007 | 3.38% |
| WACO, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,021 | 3.50% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,566 | 3.50% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,235 | 2.63% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,964 | 3.50% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $13,672 | 3.25% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,646 | 2.75% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,231 | 3.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,111 | 3.38% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,721 | 2.50% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,045 | 2.99% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,561 | 3.50% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,311 | 3.38% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,028 | 2.75% |
| Kingsville, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,216 | 3.00% |
Legend Lending Corporation's top markets include Houston, Austin, Tampa, San Antonio, and Corpus Christi among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,693 | $539,315,000 | $318,556 | $7,047 | 3.14% |
| FHA | 131 | $35,875,000 | $273,855 | $7,150 | 3.20% |
| VA | 72 | $25,600,000 | $355,556 | $8,599 | 3.02% |
For the 2021 period, Legend Lending Corporation's most frequently originated loan type of loans were Conventional, with 1,693 originations. Their 2nd most popular type is FHA, with 131 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 1,279 | $416,105,000 | $325,336 | $8,232 | 3.18% |
| Refi | 343 | $101,125,000 | $294,825 | $4,220 | 2.87% |
| Cash Out Refi | 274 | $83,560,000 | $304,964 | $5,521 | 3.30% |
For the 2021, Legend Lending Corporation's most frequently cited loan purpose of loans were Home Purchase, with 1,279 originations. The 2nd most popular reason of loans were Refi, with 343 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 1,666 | $538,290,000 | $323,103 | $7,374 | 3.21% |
| 15 Year | 183 | $49,755,000 | $271,885 | $5,415 | 2.60% |
| 20 Year | 24 | $6,750,000 | $281,250 | $5,019 | 2.92% |
| Other | 18 | $4,950,000 | $275,000 | $3,883 | 2.99% |
| 10 Year | 5 | $1,045,000 | $209,000 | $4,499 | 2.48% |
For the 2021, Legend Lending Corporation's most frequently cited loan length of loans were 30 Year, with 1,666 originations. The 2nd most popular length of loans were 15 Year, with 183 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 1,416 | $440,450,000 | $311,052 |
| $<1k | 312 | $107,740,000 | $345,321 |
| $2k-3k | 82 | $23,850,000 | $290,854 |
| $3k-4k | 62 | $19,420,000 | $313,226 |
| $5k+ | 16 | $7,180,000 | $448,750 |
$7,374 of loans were Legend Lending Corporation's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,416 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1,032 | $328,550,000 | $318,362 |
| 2.5-3% | 687 | $221,075,000 | $321,798 |
| <2.5% | 139 | $42,055,000 | $302,554 |
| 4-5% | 37 | $8,935,000 | $241,486 |
| 6-7% | 1 | $175,000 | $175,000 |
During 2021, Legend Lending Corporation's average interest rate of loans were 3.21%, while their most frequently originated rate bucket of loans were 3-4%, with 1,032 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 1,100 | $319,550,000 | $290,500 | $6,734 | 3.14% |
| $400k-600k | 438 | $213,790,000 | $488,105 | $8,639 | 3.09% |
| $100k-200k | 319 | $51,805,000 | $162,398 | $5,605 | 3.20% |
| $100,000 or less | 19 | $1,515,000 | $79,737 | $4,504 | 3.34% |
| $600k-1MM | 18 | $11,930,000 | $662,778 | $16,585 | 3.38% |
| $1MM+ | 2 | $2,200,000 | $1,100,000 | $59,362 | 3.13% |
2021 saw Legend Lending Corporation place emphasis on $200k-400k loans with 1,100 originations, totaling $319,550,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 553 | $178,875,000 | $323,463 | $6,991 | 3.13% |
| $150k-250k | 487 | $179,545,000 | $368,676 | $7,532 | 3.13% |
| $50k-75k | 278 | $67,370,000 | $242,338 | $6,569 | 3.19% |
| $75k-100k | 269 | $75,005,000 | $278,829 | $6,726 | 3.14% |
| $250k+ | 209 | $81,395,000 | $389,450 | $8,264 | 3.14% |
| $50k or less | 95 | $17,215,000 | $181,211 | $5,994 | 3.17% |
Legend Lending Corporation lent most frequently to those with incomes in the $100k-150k range, with 553 originations. The second most popular income band? $150k-250k, with 487 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 370 | $115,720,000 | $312,757 | $6,832 | 3.06% |
| 30-36% | 353 | $113,045,000 | $320,241 | $6,941 | 3.11% |
| <20% | 136 | $39,700,000 | $291,912 | $6,302 | 3.11% |
| 44% | 88 | $29,990,000 | $340,795 | $7,480 | 3.23% |
| 43% | 88 | $28,510,000 | $323,977 | $7,536 | 3.16% |
| 39% | 85 | $26,075,000 | $306,765 | $6,454 | 3.16% |
| 40% | 83 | $28,515,000 | $343,554 | $8,777 | 3.20% |
| 50-60% | 78 | $23,940,000 | $306,923 | $7,880 | 3.17% |
| 42% | 75 | $24,025,000 | $320,333 | $6,943 | 3.17% |
| 41% | 74 | $23,470,000 | $317,162 | $7,668 | 3.19% |
| 38% | 72 | $23,840,000 | $331,111 | $7,243 | 3.13% |
| 36% | 62 | $18,800,000 | $303,226 | $7,065 | 3.19% |
| 37% | 61 | $19,695,000 | $322,869 | $7,326 | 3.20% |
| 47% | 60 | $18,590,000 | $309,833 | $7,489 | 3.18% |
| 49% | 58 | $18,220,000 | $314,138 | $6,730 | 3.27% |
| 45% | 57 | $19,055,000 | $334,298 | $7,454 | 3.15% |
| 48% | 52 | $15,900,000 | $305,769 | $7,450 | 3.22% |
| 46% | 37 | $11,245,000 | $303,919 | $6,239 | 3.23% |
| >60% | 7 | $2,455,000 | $350,714 | $9,168 | 2.96% |
Legend Lending Corporation lent most frequently to those with DTI ratios of 20-30%, with 370 originations. The next most common DTI ratio? 30-36%, with 353 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1,278 | $396,410,000 | $310,180 | $7,319 | 3.14% |
| Not provided | 288 | $98,470,000 | $341,910 | $6,547 | 3.11% |
| Asian | 263 | $85,295,000 | $324,316 | $6,593 | 3.17% |
| Black | 50 | $15,520,000 | $310,400 | $7,501 | 3.18% |
| American Indian | 14 | $4,250,000 | $303,571 | $8,627 | 3.70% |
| Native Hawaiian | 3 | $845,000 | $281,667 | $4,857 | 2.91% |
Approval Rates
Total approvals of all applications99.36%
Legend Lending Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination79.75%
Legend Lending Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,896 | $600,790,000 | $316,872 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,896 | $600,790,000 | $316,872 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 65 | $14,915,000 | $229,462 | $5,951 | 2.94% |
| 40-60% | 259 | $80,325,000 | $310,135 | $6,014 | 3.01% |
| 60-80% | 827 | $261,335,000 | $316,004 | $7,091 | 3.20% |
| 80-100% | 730 | $239,330,000 | $327,849 | $7,586 | 3.14% |
| Over 100% | 10 | $3,840,000 | $384,000 | $11,253 | 3.01% |
| Under 20% | 5 | $1,045,000 | $209,000 | $5,473 | 3.45% |
