# Legends Bank

> **Canonical URL:** https://saferate.com/lenders/legends-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Legends Bank is a bank, headquartered in Clarksville, TN, serving borrowers across 11 states, with 416 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 56% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 21% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300R0L43GUZ8EW811
- **Headquarters:** Clarksville, TN
- **Geographic Reach:** Multi-Region
- **States Served:** 11
- **State List:** AL, AR, FL, GA, KY, NC, PA, SC, TN, TX, VA
- **Markets (MSAs):** 6
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 44/100
- Rating: ●●●○○ (3/5)

### Pull Through: Strong 😀
- Score: 79/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.124%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,501
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 416
- **Dollar Volume:** $136 million
- **Applications Received:** 503
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $325,793
- **Average Borrower Income:** $135,526
- **Average Property Value:** $426,418

## Safe Rate Awards 🏆

- ⭐ **FHA Gold Superstar** (77%)
- ⭐ **VA Gold Superstar** (63%)
- ⭐ **Purchase Gold Superstar** (63%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 60/100 | 230 | +0.245% | $2,316 | Sound ☺️ |
| FHA | 66/100 | 71 | +0.256% | $2,547 | Strong 😀 |
| VA | 73/100 | 94 | -0.473% | $3,216 | Strong 😀 |
| USDA | 50/100 | 16 | +0.243% | $1,373 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 186 loans, Score: 59/100 (Sound)
- Refinance: 44 loans, Score: 54/100 (Sound)

**FHA:**
- Purchase: 69 loans, Score: 66/100 (Strong)

**VA:**
- Purchase: 84 loans, Score: 72/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 63/100 | 360 | $119M | +0.136% | Strong 😀 |
| Refinance | 55/100 | 56 | $16M | +0.061% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| TN | 342 | 0.38% | 81/100 |
| AL | 41 | 0.07% | 58/100 |
| KY | 11 | 0.02% | 41/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Clarksville, TN | TN-KY | 156 | 87/100 |
| Nashville | TN | 97 | 71/100 |
| Non |  | 62 | 47/100 |
| Chattanooga, TN | TN-GA | 38 | 65/100 |
| Jackson, TN | TN | 26 | 58/100 |
| Daphne | AL | 12 | 47/100 |

## Where This Lender Ranks

Legends Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Clarksville, TN for FHA Loans
  - [View Full Rankings](https://saferate.com/clarksville-tn/best-mortgage-lenders/fha-loans)
- 🥇 **#1** in Clarksville, TN for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/clarksville-tn/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Chattanooga, TN for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/chattanooga-tn/best-mortgage-lenders/banks/fha-loans)
- 🥈 **#2** in Clarksville, TN Banks
  - [View Full Rankings](https://saferate.com/clarksville-tn/best-mortgage-lenders/banks)
- 🥉 **#3** in Tennessee for FHA Loans
  - [View Full Rankings](https://saferate.com/tennessee/best-mortgage-lenders/fha-loans)
- 🥉 **#3** in Tennessee for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/tennessee/best-mortgage-lenders/banks/fha-loans)
- 🥉 **#3** in Clarksville, TN for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/clarksville-tn/best-mortgage-lenders/banks/va-loans)
- 🥉 **#3** in Jackson, TN for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/jackson-tn/best-mortgage-lenders/banks/va-loans)
- 🏆 **#4** in Clarksville, TN
  - [View Full Rankings](https://saferate.com/clarksville-tn/best-mortgage-lenders)
- 🏆 **#4** in Chattanooga, TN for FHA Loans
  - [View Full Rankings](https://saferate.com/chattanooga-tn/best-mortgage-lenders/fha-loans)
- 🏆 **#4** in Jackson, TN for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/jackson-tn/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#5** in Nashville for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/nashville/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#5** in Jackson, TN Banks
  - [View Full Rankings](https://saferate.com/jackson-tn/best-mortgage-lenders/banks)
- 🏆 **#7** in Chattanooga, TN Banks
  - [View Full Rankings](https://saferate.com/chattanooga-tn/best-mortgage-lenders/banks)
- 🏆 **#8** in Jackson, TN for FHA Loans
  - [View Full Rankings](https://saferate.com/jackson-tn/best-mortgage-lenders/fha-loans)
- 🏆 **#9** in Clarksville, TN for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/clarksville-tn/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#9** in Jackson, TN for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/jackson-tn/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#11** in Tennessee for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/tennessee/best-mortgage-lenders/banks/usda-loans)
- 🏆 **#11** in Jackson, TN
  - [View Full Rankings](https://saferate.com/jackson-tn/best-mortgage-lenders)
- 🏆 **#11** in Jackson, TN for VA Loans
  - [View Full Rankings](https://saferate.com/jackson-tn/best-mortgage-lenders/va-loans)

## Frequently Asked Questions

### What loan types does Legends Bank offer?

Legends Bank offers the following mortgage loan types: FHA, Conventional, VA, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Legends Bank offer mortgages?

Legends Bank offers mortgages in 11 states: AL, AR, FL, GA, KY, NC, PA, SC, TN, TX, VA.

### How competitive are Legends Bank's mortgage rates?

Legends Bank has a pricing score of 44/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.124% above market average.

### What type of lender is Legends Bank?

Legends Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Clarksville, TN.

### What is Legends Bank's loan approval success rate?

Legends Bank has a pull-through score of 79/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/legends-bank

### How to Cite

> "Legends Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/legends-bank

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