Pegasus Bank Mortgage Rates, Fees & Info

DALLAS, TX

LEI: 549300ZWYC0QUOFP0Q79

Tax ID: 20-5556642

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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

35

Origination Dollar Volume (All Markets)

$31,705,000

Top 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%
Pegasus Bank's top markets include Dallas, Crestview, San Antonio, Florence, and Sherman among others.

Their top states include:
  • (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 23 $23,555,000 $1,024,130 $0 0.00%
    Refi 5 $6,135,000 $1,227,000 $0 0.00%
    Cash Out Refi 4 $1,660,000 $415,000 $0 0.00%
    Home Improvement 3 $355,000 $118,333 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 13 $21,995,000 $1,691,923 $0 0.00%
    $600k-1MM 9 $7,065,000 $785,000 $0 0.00%
    $100k-200k 5 $655,000 $131,000 $0 0.00%
    $100,000 or less 3 $215,000 $71,667 $0 0.00%
    $200k-400k 3 $735,000 $245,000 $0 0.00%
    $400k-600k 2 $1,040,000 $520,000 $0 0.00%

    2023 saw Pegasus Bank place emphasis on $1MM+ loans with 13 originations, totaling $21,995,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 18 $21,470,000 $1,192,778 $0 0.00%
    $100k-150k 3 $1,005,000 $335,000 $0 0.00%
    $150k-250k 3 $1,145,000 $381,667 $0 0.00%
    $50k-75k 2 $230,000 $115,000 $0 0.00%
    $75k-100k 1 $95,000 $95,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 25 $21,375,000 $855,000 $0 0.00%
    Not applicable 8 $7,760,000 $970,000 $0 0.00%
    Not provided 2 $2,570,000 $1,285,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.00%

    Pegasus Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    97.14%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    35 $31,705,000 $905,857