PlainLender

Legend Lending Corporation

Houston, TX

Legend Lending Corporation processed 1,637 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,157 loans with a 1.2% denial rate. Home Purchase was the primary loan purpose. Based in Houston, TX. The approval rate of 70.7% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. Legend Lending Corporation processed 1,637 HMDA-reported mortgage applications in 2024, originating 1,157 loans and denying 19 for a denial rate of 1.2% (applicants themselves withdrew 454 files before a decision). The average loan amount was $317,804 at a 7.367% average note rate, and applicants self-reported an average income of $38,000. The lender reports under LEI 549300QCYEU2QLIWN517 from Houston, TX.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Legend Lending Corporation's 70.7% origination rate tells you how often an application turned into funded money; the 1.2% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Collateral, Debt-to-income ratio, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (1,178 applications).

How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

1,637
Applications
1,157
Originated
1.2%
Denial Rate
$317,804
Avg Loan Amount
Avg Interest Rate: 7.367% Avg Applicant Income: $38,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,178 825 14 $316,494
FHA 338 245 5 $293,432
VA 117 86 0 $402,607
USDA 4 1 0 $282,500

Top loan types — Legend Lending Corporation

Top loan types — Legend Lending Corporation Horizontal bar chart of the top 4 items by value (applications). Top loan types — Legend Lending Corporation Top 4 1. Conventional 1,178 2. FHA 338 3. VA 117 4. USDA 4 Top 5 loan types by application volume at Legend Lending Corporation (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Legend Lending Corporation (LEI: 549300QCYEU2QLIWN517) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Collateral
9
Debt-to-income ratio
7
Other
1
Unverifiable information
1
Insufficient cash
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 1,330 975 $317,361
Cash-out Refinancing 197 128 $297,386
Refinancing 110 54 $359,727

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 1,159 72.7% 0.8%
Black or African American 175 62.9% 2.9%
Asian 54 57.4% 0.0%
Joint 47 78.7% 0.0%
2 or more minority races 5 40.0% 0.0%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 1,153 70.9% 1.2%
Hispanic or Latino 269 69.9% 1.1%
Joint 64 71.9% 0.0%

Nearby Lenders in TX

Other HMDA-reporting lenders in TX with similar activity. Compare any two side-by-side.

Nationstar Mortgage

Coppell, TX

110,111 apps 41,693 originated 9.2% denied

DHI Mortgage Company, LTD.

Austin, TX

96,056 apps 70,673 originated 10.3% denied

PRIMELENDING

DALLAS, TX

36,578 apps 25,147 originated 5.3% denied

Credit Human Federal Credit Un

San Antonio, TX

28,052 apps 2,953 originated 75.7% denied

USAA BANK

SAN ANTONIO, TX

28,020 apps 13,205 originated 23.5% denied
Compare Legend Lending Corporation vs Nationstar Mortgage →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

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Frequently Asked Questions

How many mortgage applications did Legend Lending Corporation process?
Legend Lending Corporation processed 1,637 mortgage applications in the 2023 HMDA reporting year. Of these, 1,157 were originated (approved and funded), 454 were withdrawn by the applicant, and 19 were denied.
What is Legend Lending Corporation's mortgage approval rate?
Legend Lending Corporation has an approval (origination) rate of 70.7%, meaning 70.7% of all applications resulted in a funded mortgage. The denial rate is 1.2%.
What is the average loan amount at Legend Lending Corporation?
The average mortgage loan amount at Legend Lending Corporation is $317,804. The average interest rate is 7.367%. The average applicant income is $38,000.
What are the most common reasons for mortgage denial at Legend Lending Corporation?
The most common reasons for mortgage denial at Legend Lending Corporation are: Collateral, Debt-to-income ratio, Other. In total, 19 applications were denied out of 1,637 total applications.
What types of mortgage loans does Legend Lending Corporation offer?
Legend Lending Corporation processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 1,178 applications and an average loan amount of $316,494.
What loan purposes does Legend Lending Corporation serve?
Legend Lending Corporation serves the following loan purposes: Home Purchase (1,330 applications), Cash-out Refinancing (197 applications), Refinancing (110 applications). Home Purchase is the most common purpose.
Where is Legend Lending Corporation located?
Legend Lending Corporation is headquartered in Houston, TX. The lender is identified by LEI 549300QCYEU2QLIWN517 in HMDA data.
How does Legend Lending Corporation compare in lending across racial demographics?
Legend Lending Corporation reports demographic lending data under HMDA requirements. White applicants have an approval rate of 72.7% and denial rate of 0.8%; Black or African American applicants have an approval rate of 62.9% and denial rate of 2.9%; Asian applicants have an approval rate of 57.4% and denial rate of 0.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology — how this data is sourced, computed, and verified.