Legacy Home Loans, LLC Mortgage Lending & HMDA Data, 2020
In 2020, Legacy Home Loans, LLC of Brentwood, TN reported 946 mortgage applications totaling $277.1 million. The average application was for $292,864, and applicants reported an average income of $122,168. 85% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Nashville-Davidson--Murfreesboro--Franklin, TN (895), Clarksville, TN-KY (7) and Chattanooga, TN-GA (2) (applications in parentheses).
| Mortgage Company & Address | Legacy Home Loans, LLC 4025 Hillsboro Pike #601 Brentwood, TN 37027 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 |
| Total Number of Mortgage Applications | 946 |
| Total Mortgage Loan Application Amount | $277,050,000 |
| Average Mortgage Loan Application Amount | $292,864 |
| Highest Mortgage Loan Application Amount | $855,000 |
| Average Applicant Income | $122,168 |
| Highest Applicant Income | $3,240,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Legacy Home Loans, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Nashville-Davidson--Murfreesboro--Franklin, TN | 895 | $ 265,965,000 | $ 297,167 | $ 123,000 |
| Outside any metro area | 31 | $ 6,675,000 | $ 215,322 | $ 115,000 |
| Clarksville, TN-KY | 7 | $ 1,165,000 | $ 166,428 | $ 101,000 |
| Chattanooga, TN-GA | 2 | $ 370,000 | $ 185,000 | $ 104,000 |
| Cleveland, TN | 2 | $ 510,000 | $ 255,000 | $ 129,000 |
| Jackson, TN | 2 | $ 220,000 | $ 110,000 | $ 75,000 |
| Memphis, TN-MS-AR | 1 | $ 325,000 | $ 325,000 | $ 85,000 |
Mortgage Loan Application Detail Totals for Legacy Home Loans, LLC in 2020
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 413 | $130,655,000 | $316,000 | $855,000 | $134,000 | $3,240,000 |
| Refinancing | 399 | $112,235,000 | $281,000 | $745,000 | $113,000 | $497,000 |
| Cash-out Refinancing | 134 | $34,160,000 | $254,000 | $515,000 | $113,000 | $720,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 863 | $255,495,000 | $296,000 | $765,000 | $125,000 | $3,240,000 |
| Asian | 33 | $8,365,000 | $253,000 | $855,000 | $110,000 | $432,000 |
| Black or African American | 25 | $6,655,000 | $266,000 | $565,000 | $81,000 | $185,000 |
| Hispanic | 19 | $4,845,000 | $255,000 | $535,000 | $90,000 | $213,000 |
| Not Provided | 3 | $715,000 | $238,000 | $445,000 | $136,000 | $312,000 |
| American Indian or Alaskan Native | 2 | $610,000 | $305,000 | $405,000 | $89,000 | $136,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 944 | $276,120,000 | $292,000 | $855,000 | $122,000 | $3,240,000 |
| FHA-insured (Federal Housing Administration) | 2 | $930,000 | $465,000 | $505,000 | $156,000 | $159,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 806 | $236,470,000 | $293,000 | $855,000 | $123,000 | $3,240,000 |
| Application Withdrawn By Applicant | 104 | $30,700,000 | $295,000 | $745,000 | $123,000 | $720,000 |
| Application Approved But Not Accepted | 25 | $6,395,000 | $255,000 | $515,000 | $97,000 | $300,000 |
| Application Denied By Financial Institution | 11 | $3,485,000 | $316,000 | $515,000 | $93,000 | $210,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 935 | $273,565,000 | $292,000 | $855,000 | $123,000 | $3,240,000 |
| Credit History | 5 | $1,925,000 | $385,000 | $515,000 | $118,000 | $210,000 |
| Debt-To-Income Ratio | 5 | $1,455,000 | $291,000 | $355,000 | $72,000 | $104,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $105,000 | $105,000 | $105,000 | $74,000 | $74,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Legacy Home Loans, LLC's 2020 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Legacy Home Loans, LLC's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Tennessee, download the full spreadsheet
with aggregated HMDA statistics today.
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