Legend Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
40th12.2% deniedProcesswithdrawn + incomplete share, weight 15%
73rd6.7%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 183 | 123 | 15.9% | 17.5% | — | $47M |
| 2024 | 185 | 137 | 12.4% | 13.5% | — | $35M |
| 2025 | 149 | 117 | 11.4% | 12.2% | — | $31M |
What Legend Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 2 manufactured homes, 59 investment properties.
Why Legend Bank denies applications
Primary reason reported for each of the 17 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Legend Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 28 | 16 | 25.0% |
| $100k – $150k | 29 | 22 | 18.5% |
| $150k – $250k | 25 | 23 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 26 | 19 | 17.4% |
| 45–54 | 29 | 18 | 25.9% |
| 55–64 | 20 | 17 | 15.0% |
Where Legend Bank lends
3 states and 23 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Texas | 147 | 116 | 10.9% | — | #477 |
Frequently asked questions
Legend Bank denied 12.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 40th percentile of small mortgage lenders.
The most common reason Legend Bank gave in 2025 was "debt-to-income ratio", cited on 41.2% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
In 2025, 62% of its applications were for home purchases, 28% for refinancing (including cash-out), and 9% for home improvement or other purposes. By loan type: 99% conventional, 1% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.