Pegasus Bank Mortgage Rates, Fees & Info
DALLAS, TXLEI: 549300ZWYC0QUOFP0Q79
Tax ID: 20-5556642
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Pegasus Bank is a smaller bank specializing in Home Purchase loans. Pegasus Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Crestview, San Antonio, Florence, and Sherman among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Pegasus Bank 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
35Origination Dollar Volume (All Markets)
$31,705,000Top 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) | 30 | $28,070,000 | $935,667 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $975,000 | $975,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $955,000 | $955,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $0 | 0.00% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 0.00% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 35 | $31,705,000 | $905,857 | $0 | 0.00% |
For 2023, Pegasus Bank's most frequently originated type of loan was Conventional, with 35 originations.
Loan Reason
For 2023, Pegasus Bank's most frequently cited loan purpose was Home Purchase, with 23 originations. The 2nd most popular reason was Refi, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 35 | $31,705,000 | $905,857 | $0 | 0.00% |
For 2023, Pegasus Bank's most frequently cited loan duration was Other, with 35 originations.
Loan Sizing
2023 saw Pegasus Bank place emphasis on $1MM+ loans with 13 originations, totaling $21,995,000 in origination value.
Applicant Income
Pegasus Bank lent most frequently to those with incomes in the $250k+ range, with 18 originations. The second most popular income band? $100k-150k, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 35 | $31,705,000 | $905,857 | $0 | 0.00% |
Pegasus Bank lent most frequently to those with DTI ratios of Exempt%, with 35 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.00%
Pegasus Bank has an average approval rate.
Pick Rate
Approvals leading to origination97.14%
Pegasus Bank 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 | 35 | $31,705,000 | $905,857 |