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 and Refi loans. Pegasus Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Dallas, Houston, Riverside, Glenwood Springs, and Athens among others. We have data for 8 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 a below average pick rate when compared to similar lenders.

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Originations

76

Origination Dollar Volume (All Markets)

$41,240,000

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) 68 $33,840,000 $497,647 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $3,005,000 $3,005,000 $0 0.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $1,545,000 $1,545,000 $0 0.00%
Glenwood Springs, CO (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 0.00%
Athens, TX (FHA|USDA|VA) 2 $790,000 $395,000 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
TYLER, TX (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
Pegasus Bank's top markets include Dallas, Houston, Riverside, Glenwood Springs, and Athens among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 69 $38,955,000 $564,565 $0 0.00%
    FHA 4 $1,030,000 $257,500 $0 0.00%
    VA 3 $1,255,000 $418,333 $0 0.00%

    For 2018, Pegasus Bank's most frequently originated type of loan was Conventional, with 69 originations. Their 2nd most popular type was FHA, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 56 $30,340,000 $541,786 $0 0.00%
    Refi 11 $8,565,000 $778,636 $0 0.00%
    Cash Out Refi 7 $2,205,000 $315,000 $0 0.00%
    Home Improvement 2 $130,000 $65,000 $0 0.00%

    For 2018, Pegasus Bank's most frequently cited loan purpose was Home Purchase, with 56 originations. The 2nd most popular reason was Refi, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 76 $41,240,000 $542,632 $0 0.00%

    For 2018, Pegasus Bank's most frequently cited loan duration was Other, with 76 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 30 $8,410,000 $280,333 $0 0.00%
    $400k-600k 14 $6,170,000 $440,714 $0 0.00%
    $1MM+ 12 $18,440,000 $1,536,667 $0 0.00%
    $100k-200k 9 $1,225,000 $136,111 $0 0.00%
    $600k-1MM 9 $6,865,000 $762,778 $0 0.00%
    $100,000 or less 2 $130,000 $65,000 $0 0.00%

    2018 saw Pegasus Bank place emphasis on $200k-400k loans with 30 originations, totaling $8,410,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 31 $25,365,000 $818,226 $0 0.00%
    $150k-250k 14 $4,720,000 $337,143 $0 0.00%
    $100k-150k 11 $3,815,000 $346,818 $0 0.00%
    $75k-100k 6 $1,040,000 $173,333 $0 0.00%
    $50k-75k 4 $880,000 $220,000 $0 0.00%

    Pegasus Bank lent most frequently to those with incomes in the $250k+ range, with 31 originations. The second most popular income band? $150k-250k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 76 $41,240,000 $542,632 $0 0.00%

    Pegasus Bank lent most frequently to those with DTI ratios of Exempt%, with 76 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 57 $33,455,000 $586,930 $0 0.00%
    Not applicable 9 $5,185,000 $576,111 $0 0.00%
    Not provided 6 $1,910,000 $318,333 $0 0.00%
    Black 2 $350,000 $175,000 $0 0.00%
    American Indian 2 $340,000 $170,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.88%

    Pegasus Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    77.63%

    Pegasus Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 76 $41,240,000 $542,632

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 76 $41,240,000 $542,632