Legend Bank, N.A. Mortgage Lending & HMDA Data, 2022
In 2022, Legend Bank, N.A. of Bowie, TX reported 247 mortgage applications totaling $65.3 million, down 40% from 2021. The average application was for $264,311, and applicants reported an average income of $230,838. 65% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Fort Worth-Arlington, TX (61), Dallas-Plano-Irving, TX (28) and Sherman-Denison, TX (24) (applications in parentheses).
| Mortgage Company & Address | Legend Bank, N.A. 101 Tarrant St Bowie, TX 76230 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 247 |
| Total Mortgage Loan Application Amount | $65,285,000 |
| Average Mortgage Loan Application Amount | $264,311 |
| Highest Mortgage Loan Application Amount | $2,995,000 |
| Average Applicant Income | $230,838 |
| Highest Applicant Income | $3,227,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Legend Bank, N.A. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Fannin, Texas | 38 | $ 6,110,000 | $ 160,789 | $ 94,000 |
| Tarrant, Texas | 37 | $ 10,105,000 | $ 273,108 | $ 337,000 |
| Montague, Texas | 25 | $ 4,875,000 | $ 195,000 | $ 134,000 |
| Grayson, Texas | 24 | $ 6,880,000 | $ 286,666 | $ 258,000 |
| Dallas, Texas | 23 | $ 6,405,000 | $ 278,478 | $ 2,325,000 |
| Wise, Texas | 17 | $ 5,025,000 | $ 295,588 | $ 136,000 |
| Wichita, Texas | 7 | $ 1,705,000 | $ 243,571 | $ 271,000 |
| Clay, Texas | 5 | $ 805,000 | $ 161,000 | $ 190,000 |
| Parker, Texas | 5 | $ 1,745,000 | $ 349,000 | $ 100,000 |
| Lamar, Texas | 4 | $ 710,000 | $ 177,500 | $ 71,000 |
| McCurtain, Oklahoma | 3 | $ 1,025,000 | $ 341,666 | $ 140,000 |
| Delta, Texas | 3 | $ 585,000 | $ 195,000 | $ 78,000 |
| Collin, Texas | 2 | $ 900,000 | $ 450,000 | $ 99,000 |
| Denton, Texas | 2 | $ 1,020,000 | $ 510,000 | $ 204,000 |
| Johnson, Texas | 2 | $ 1,030,000 | $ 515,000 | $ 84,000 |
| Smith, Texas | 2 | $ 430,000 | $ 215,000 | $ 0 |
| Colfax, New Mexico | 1 | $ 955,000 | $ 955,000 | $ 0 |
| Taos, New Mexico | 1 | $ 2,995,000 | $ 2,995,000 | $ 0 |
| Bryan, Oklahoma | 1 | $ 245,000 | $ 245,000 | $ 0 |
| Murray, Oklahoma | 1 | $ 485,000 | $ 485,000 | $ 0 |
| Archer, Texas | 1 | $ 325,000 | $ 325,000 | $ 60,000 |
| Cooke, Texas | 1 | $ 405,000 | $ 405,000 | $ 480,000 |
| Hood, Texas | 1 | $ 415,000 | $ 415,000 | $ 177,000 |
| Hopkins, Texas | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Jack, Texas | 1 | $ 305,000 | $ 305,000 | $ 0 |
| Kaufman, Texas | 1 | $ 2,645,000 | $ 2,645,000 | $ 0 |
| Palo Pinto, Texas | 1 | $ 725,000 | $ 725,000 | $ 807,000 |
| Red River, Texas | 1 | $ 65,000 | $ 65,000 | $ 45,000 |
Mortgage Loan Application Detail Totals for Legend Bank, N.A. in 2022
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 | 182 | $51,950,000 | $285,000 | $2,995,000 | $146,000 | $1,049,000 |
| Refinancing | 30 | $6,300,000 | $210,000 | $985,000 | $634,000 | $3,227,000 |
| Home Improvement | 18 | $2,550,000 | $141,000 | $315,000 | $518,000 | $3,227,000 |
| Cash-out Refinancing | 13 | $3,885,000 | $298,000 | $1,155,000 | $133,000 | $744,000 |
| Other Purpose | 4 | $600,000 | $150,000 | $355,000 | $93,000 | $173,000 |
| Not Applicable | 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 | 136 | $32,380,000 | $238,000 | $1,005,000 | $138,000 | $1,049,000 |
| Not applicable | 81 | $27,725,000 | $342,000 | $2,995,000 | $0 | $0 |
| Not Provided | 10 | $1,140,000 | $114,000 | $205,000 | $1,710,000 | $3,227,000 |
| Hispanic | 10 | $2,250,000 | $225,000 | $505,000 | $83,000 | $150,000 |
| Black or African American | 7 | $1,275,000 | $182,000 | $605,000 | $303,000 | $1,713,000 |
| Asian | 2 | $270,000 | $135,000 | $185,000 | $149,000 | $256,000 |
| American Indian or Alaskan Native | 1 | $245,000 | $245,000 | $245,000 | $191,000 | $191,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 247 | $65,285,000 | $264,000 | $2,995,000 | $238,000 | $3,227,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 161 | $42,385,000 | $263,000 | $2,645,000 | $335,000 | $3,227,000 |
| Application Denied By Financial Institution | 32 | $8,120,000 | $253,000 | $1,305,000 | $134,000 | $1,713,000 |
| Preapproval Denied by Financial Institution | 17 | $2,835,000 | $166,000 | $505,000 | $57,000 | $191,000 |
| Preapproval Approved but not Accepted | 16 | $2,730,000 | $170,000 | $475,000 | $86,000 | $156,000 |
| Application Approved But Not Accepted | 12 | $6,090,000 | $507,000 | $2,995,000 | $127,000 | $231,000 |
| Application Withdrawn By Applicant | 9 | $3,125,000 | $347,000 | $1,005,000 | $276,000 | $764,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 198 | $54,330,000 | $274,000 | $2,995,000 | $287,000 | $3,227,000 |
| Debt-To-Income Ratio | 19 | $4,855,000 | $255,000 | $645,000 | $65,000 | $143,000 |
| Credit History | 16 | $2,960,000 | $185,000 | $1,305,000 | $68,000 | $191,000 |
| Other | 5 | $925,000 | $185,000 | $285,000 | $89,000 | $138,000 |
| Credit Application Incomplete | 4 | $930,000 | $232,000 | $505,000 | $77,000 | $131,000 |
| Collateral | 3 | $825,000 | $275,000 | $605,000 | $591,000 | $1,713,000 |
| Employment History | 2 | $460,000 | $230,000 | $275,000 | $58,000 | $75,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Legend Bank, N.A.'s 2022 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 Legend Bank, N.A.'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.
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