Legends Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B 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%
76th4.4% deniedPricingmedian rate spread over APOR, weight 30%
80th0.02 ptsProcesswithdrawn + incomplete share, weight 15%
28th17.1%Closing coststotal loan costs ÷ loan amount, weight 10%
39th2.20% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 352 | 287 | 4.6% | 5.3% | 6.75% | $99M |
| 2024 | 581 | 481 | 2.9% | 3.4% | 6.63% | $162M |
| 2025 | 549 | 427 | 3.6% | 4.4% | 6.38% | $149M |
What Legends 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, 6 manufactured homes, 79 investment properties.
Why Legends Bank denies applications
Primary reason reported for each of the 20 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Legends Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 40 | 26 | 15.6% |
| $50k – $100k | 192 | 146 | 5.1% |
| $100k – $150k | 148 | 115 | 3.3% |
| $150k – $250k | 101 | 84 | 1.2% |
| Over $250k | 46 | 39 | 2.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 41 | 34 | 0.0% |
| 25–34 | 159 | 118 | 6.2% |
| 35–44 | 137 | 110 | 3.5% |
| 45–54 | 96 | 78 | 2.5% |
| 55–64 | 65 | 50 | 7.4% |
| 65–74 | 22 | 16 | 11.1% |
Where Legends Bank lends
14 states and 94 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Legends Bank denied 4.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 76th percentile of small mortgage lenders.
The most common reason Legends Bank gave in 2025 was "debt-to-income ratio", cited on 60.0% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Legends Bank originated in 2025 was 6.38%, and its median rate spread over the average prime offer rate was 0.02 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 77% of its applications were for home purchases, 22% for refinancing (including cash-out), and 1% for home improvement or other purposes. By loan type: 63% conventional, 16% FHA, 19% 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.