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. 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, Los Angeles, Santa Fe, Athens, and Houston among others. We have data for 12 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.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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Originations

97

Origination Dollar Volume (All Markets)

$47,525,000

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) 85 $36,365,000 $427,824 $0 0.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $5,005,000 $5,005,000 $0 0.00%
SANTA FE, NM (FHA|USDA|VA) 1 $1,815,000 $1,815,000 $0 0.00%
Athens, TX (FHA|USDA|VA) 1 $1,225,000 $1,225,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $705,000 $705,000 $0 0.00%
GREELEY, CO (FHA|USDA|VA) 2 $610,000 $305,000 $0 0.00%
Outside of Metro Areas 1 $485,000 $485,000 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $485,000 $485,000 $0 0.00%
FORT COLLINS, CO (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
Rockport, TX (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
Corsicana, TX (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
Pegasus Bank's top markets include Dallas, Los Angeles, Santa Fe, Athens, and Houston among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 90 $45,660,000 $507,333 $0 0.00%
    FHA 6 $1,510,000 $251,667 $0 0.00%
    VA 1 $355,000 $355,000 $0 0.00%

    For 2019, Pegasus Bank's most frequently originated type of loan was Conventional, with 90 originations. Their 2nd most popular type was FHA, with 6 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 71 $34,765,000 $489,648 $0 0.00%
    Refi 13 $9,155,000 $704,231 $0 0.00%
    Cash Out Refi 10 $3,300,000 $330,000 $0 0.00%
    Home Improvement 3 $305,000 $101,667 $0 0.00%

    For 2019, Pegasus Bank's most frequently cited loan purpose was Home Purchase, with 71 originations. The 2nd most popular reason was Refi, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 97 $47,525,000 $489,948 $0 0.00%

    For 2019, Pegasus Bank's most frequently cited loan duration was Other, with 97 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 32 $9,260,000 $289,375 $0 0.00%
    $400k-600k 22 $10,230,000 $465,000 $0 0.00%
    $100k-200k 16 $2,430,000 $151,875 $0 0.00%
    $100,000 or less 9 $665,000 $73,889 $0 0.00%
    $1MM+ 9 $18,335,000 $2,037,222 $0 0.00%
    $600k-1MM 9 $6,605,000 $733,889 $0 0.00%

    2019 saw Pegasus Bank place emphasis on $200k-400k loans with 32 originations, totaling $9,260,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 30 $25,920,000 $864,000 $0 0.00%
    $100k-150k 19 $6,835,000 $359,737 $0 0.00%
    $150k-250k 13 $5,275,000 $405,769 $0 0.00%
    $75k-100k 9 $2,195,000 $243,889 $0 0.00%
    $50k-75k 6 $1,250,000 $208,333 $0 0.00%
    $50k or less 5 $1,285,000 $257,000 $0 0.00%

    Pegasus Bank lent most frequently to those with incomes in the $250k+ range, with 30 originations. The second most popular income band? $100k-150k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 97 $47,525,000 $489,948 $0 0.00%

    Pegasus Bank lent most frequently to those with DTI ratios of Exempt%, with 97 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 69 $33,995,000 $492,681 $0 0.00%
    Not provided 7 $7,595,000 $1,085,000 $0 0.00%
    Not applicable 14 $4,540,000 $324,286 $0 0.00%
    Black 4 $750,000 $187,500 $0 0.00%
    Asian 2 $460,000 $230,000 $0 0.00%
    American Indian 1 $185,000 $185,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.00%

    Pegasus Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.54%

    Pegasus Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 97 $47,525,000 $489,948

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 97 $47,525,000 $489,948