Purchase Originations
296
Median Total Costs
$6,908
+3.4% vs national ($6,680)
↑ $744 vs prior year
Median Rate
6.125%
−5.6% vs national (6.490%)
↓ 0.375% vs prior year
Median Origination
$2,349
Median Lender Credits
$37
Denial Rate
1.1%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 140 | 6.500% | $4,743 | $1,508 |
| va | 79 | 5.990% | $11,216 | $3,508 |
| fha | 70 | 5.990% | $10,177 | $2,750 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Tennessee | 250 | 6.125% | $7,444 | #65 |
| Alabama | 18 | 6.250% | $6,463 | — |
| Kentucky | 12 | 6.000% | $8,002 | — |
| Florida | 4 | 6.120% | $5,571 | — |
| West Virginia | 3 | 5.990% | $3,150 | — |
| Georgia | 2 | 6.562% | $5,942 | — |
| North Carolina | 2 | 5.683% | $16,079 | — |
| Arkansas | 1 | 6.250% | $2,275 | — |
| Arizona | 1 | 6.875% | $5,380 | — |
| Mississippi | 1 | 6.500% | $6,711 | — |
| Ohio | 1 | 6.750% | $8,777 | — |
| Pennsylvania | 1 | 6.250% | $6,235 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,945 | 6.375% | — | 3 | −$3,963 | |
| 2 | $3,467 | 6.500% | — | 3 | −$3,441 | |
| 3 | $3,618 | 6.250% | — | 3 | −$3,290 | |
| 4 | $3,809 | 6.625% | — | 3 | −$3,099 | |
| 5 | $4,058 | 6.562% | — | 14 | −$2,850 | |
| 6 | $4,144 | 6.562% | — | 8 | −$2,764 | |
| 7 | $4,378 | 6.188% | — | 4 | −$2,530 | |
| 8 | $4,419 | 6.058% | — | 4 | −$2,489 | |
| 9 | $4,569 | 6.125% | — | 7 | −$2,339 | |
| 10 | $4,621 | 6.812% | — | 6 | −$2,287 | |
| 11 | $4,911 | 6.875% | — | 8 | −$1,997 | |
| 12 | $5,794 | 6.375% | — | 5 | −$1,114 | |
| 13 | $6,133 | 6.625% | — | 7 | −$775 | |
| 14 | $6,238 | 6.250% | — | 3 | −$670 | |
| 15 | $6,557 | 6.250% | — | 7 | −$351 | |
| 16 | $6,900 | 6.125% | — | 20 | −$8 | |
| 17 | $9,043 | 6.250% | — | 3 | +$2,135 | |
| 18 | $10,081 | 5.995% | — | 4 | +$3,173 | |
| 19 | $10,155 | 5.990% | — | 127 | +$3,247 | |
| 20 | $11,731 | 6.000% | — | 4 | +$4,823 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2025. Sorted by median total loan costs.
Peer set: the 50 highest-volume U.S. mortgage lenders in 2025 (min. 8,254 purchase originations).
| Metric | Legends Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $310,000 | $335,000 | −$25,000 (−7.5%) |
| Median total closing costs | $6,908 | $7,127 | −$219 (−3.1%) |
Other high-volume lenders side-by-side.
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Data source: HMDA Modified Loan Application Register 2025, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.