Pegasus Bank Mortgage Rates, Fees & Info
DALLAS, TXLEI: 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.
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Originations
97Origination Dollar Volume (All Markets)
$47,525,000Top 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) | 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% |
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
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
2019 saw Pegasus Bank place emphasis on $200k-400k loans with 32 originations, totaling $9,260,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications95.00%
Pegasus Bank has an average approval rate.
Pick Rate
Approvals leading to origination84.54%
Pegasus Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 97 | $47,525,000 | $489,948 |