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Legends Bank
Bank|Clarksville, TN|Multi-Region
Loans Originated
416
Applications
503
Volume
$135 million
Offers loans directly to consumers
Overall Pricing
Sound
Overall Pull Through
Strong
Safe Rate Awards⭐FHA Superstar⭐VA Superstar⭐Purchase Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.124%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,501
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
82.7%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in FHA and VA loans
Report Card
Legends Bank performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Sound | Industry Standard | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Sound | Industry Standard | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
USDA | Sound | Industry Standard | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Strong | Multi-Regional · 6 metro areas · 11 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$325,793
Average Borrower Income
$135,526
Average Property Value
$426,418
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Sound | Acceptable | Strong | 230 | 55.3% | +0.245% | $2,316 |
FHA Loans | Strong | Strong | Strong | Exceptional | 71 | 17.1% | +0.256% | $2,547 |
VA Loans | Strong | Strong | Sound | Strong | 94 | 22.6% | -0.473% | $3,216 |
USDA Loans | Sound | Sound | N/A | Sound | 16 | 3.8% | +0.243% | $1,373 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Sound | Strong | 360 | 86.5% | +0.136% | $2,560 |
Refinance | Sound | Sound | Acceptable | Strong | 56 | 13.5% | +0.061% | $2,184 |
Geographic Coverage
Metro Areas
5
States Served
11
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
ALARFLGAKYNCPASCTNTXVA
Top Metro Areas by Place Specialization Score
1
Clarksville, TN, TN-KYMSA
Volume: 156Mix: 37.50%
Place Specialization
Exceptional
2
Nashville, TNMSA
Volume: 97Mix: 23.32%
Place Specialization
Strong
3
Chattanooga, TN, TN-GAMSA
Volume: 38Mix: 9.13%
Place Specialization
Strong
4
Jackson, TN, TNMSA
Volume: 26Mix: 6.25%
Place Specialization
Sound
5
Daphne, ALMSA
Volume: 12Mix: 2.88%
Place Specialization
Sound
Top States by Place Specialization Score
1
TNState
Volume: 342Mix: 82.21%
Place Specialization
Exceptional
2
ALState
Volume: 41Mix: 9.86%
Place Specialization
Sound
3
KYState
Volume: 11Mix: 2.64%
Place Specialization
Sound
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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