Legends Bank closing costs and rates (2024)
In 2024, Legends Bank originated 351 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $6,164. That is $577 below the national median of $6,741. Legends Bank is most active in Tennessee with 297 originations there.
Purchase Originations
351
Median Total Costs
$6,164
−8.6% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$2,003
Median Lender Credits
$26
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 181 | 6.750% | $4,250 | $1,675 |
| va | 85 | 5.990% | $10,717 | $3,882 |
| fha | 69 | 6.125% | $10,114 | $1,917 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Tennessee | 297 | 6.500% | $6,526 | #52 |
| Alabama | 24 | 6.688% | $3,108 | — |
| Kentucky | 11 | 6.250% | $6,501 | — |
| Georgia | 7 | 6.500% | $5,835 | — |
| Texas | 4 | 5.990% | $11,497 | — |
| Florida | 2 | 6.438% | $8,937 | — |
| North Carolina | 2 | 6.125% | $9,720 | — |
| Arkansas | 1 | 6.625% | $2,463 | — |
| Pennsylvania | 1 | 6.625% | $10,522 | — |
| South Carolina | 1 | 6.250% | $9,181 | — |
| Virginia | 1 | 6.990% | $3,779 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,534 | 6.808% | — | 4 | −$2,630 | |
| 2 | $3,860 | 6.750% | — | 5 | −$2,304 | |
| 3 | $3,963 | 6.625% | — | 5 | −$2,201 | |
| 4 | $4,089 | 6.875% | — | 6 | −$2,075 | |
| 5 | $4,426 | 6.625% | — | 31 | −$1,738 | |
| 6 | $4,624 | 6.808% | — | 8 | −$1,540 | |
| 7 | $4,750 | 6.990% | — | 5 | −$1,414 | |
| 8 | $5,093 | 6.625% | — | 20 | −$1,071 | |
| 9 | $5,137 | 6.375% | — | 4 | −$1,027 | |
| 10 | $5,484 | 6.625% | — | 3 | −$680 | |
| 11 | $5,672 | 7.062% | — | 40 | −$492 | |
| 12 | $5,806 | 6.625% | — | 5 | −$358 | |
| 13 | $5,835 | 6.250% | — | 3 | −$329 | |
| 14 | $6,048 | 6.625% | — | 5 | −$116 | |
| 15 | $6,716 | 6.375% | — | 2 | +$552 | |
| 16 | $8,181 | 6.125% | — | 3 | +$2,017 | |
| 17 | $8,376 | 6.250% | — | 6 | +$2,212 | |
| 18 | $9,558 | 5.990% | — | 5 | +$3,394 | |
| 19 | $9,976 | 6.125% | — | 128 | +$3,812 | |
| 20 | $10,047 | 6.853% | — | 4 | +$3,883 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, 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.