Legacy Bank & Trust Company Mortgage Rates, Fees & Info
Rogersville, MOLEI: 549300RDN1T32WR2WF91
Tax ID: 44-0162310
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Legacy Bank & Trust Company is a smaller bank specializing in Home Purchase and Refi loans. Legacy Bank & Trust Company has a high proportion of conventional loans. Their top two markets are Tulsa and Springfield .Legacy Bank & Trust Company has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
238Origination Dollar Volume (All Markets)
$229,610,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 94 | $139,600,000 | $1,485,106 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 9 | $46,975,000 | $5,219,444 | $0 | 0.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 135 | $43,035,000 | $318,778 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 238 | $229,610,000 | $964,748 | $0 | 0.00% |
For 2022, Legacy Bank & Trust Company's most frequently originated type of loan was Conventional, with 238 originations.
Loan Reason
For 2022, Legacy Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 125 originations. The 2nd most popular reason was Refi, with 105 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 238 | $229,610,000 | $964,748 | $0 | 0.00% |
For 2022, Legacy Bank & Trust Company's most frequently cited loan duration was Other, with 238 originations.
Loan Sizing
2022 saw Legacy Bank & Trust Company place emphasis on $100k-200k loans with 90 originations, totaling $13,450,000 in origination value.
Applicant Income
Legacy Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 14 originations. The second most popular income band? $50k-75k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 238 | $229,610,000 | $964,748 | $0 | 0.00% |
Legacy Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 238 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.79%
Legacy Bank & Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination97.06%
Legacy Bank & Trust Company has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 238 | $229,610,000 | $964,748 |