PlainLender

LEGENDS BANK

CLARKSVILLE, TN

LEGENDS BANK processed 581 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 481 loans with a 2.9% denial rate. Home Purchase was the primary loan purpose. Based in CLARKSVILLE, TN. The approval rate of 82.8% 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. LEGENDS BANK processed 581 HMDA-reported mortgage applications in 2024, originating 481 loans and denying 17 for a denial rate of 2.9% (applicants themselves withdrew 81 files before a decision). The average loan amount was $336,377 at a 6.564% average note rate, and applicants self-reported an average income of $38,000. The lender reports under LEI 549300R0L43GUZ8EW811 from CLARKSVILLE, TN.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. LEGENDS BANK's 82.8% origination rate tells you how often an application turned into funded money; the 2.9% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Other, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (350 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.

581
Applications
481
Originated
2.9%
Denial Rate
$336,377
Avg Loan Amount
Avg Interest Rate: 6.564% Avg Applicant Income: $38,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 350 294 11 $347,143
VA 123 99 3 $354,512
FHA 88 72 2 $302,386
USDA 20 16 1 $186,000

Top loan types — LEGENDS BANK

Top loan types — LEGENDS BANK Horizontal bar chart of the top 4 items by value (applications). Top loan types — LEGENDS BANK Top 4 1. Conventional 350 2. VA 123 3. FHA 88 4. USDA 20 Top 5 loan types by application volume at LEGENDS BANK (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 LEGENDS BANK (LEI: 549300R0L43GUZ8EW811) · 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

Debt-to-income ratio
6
Other
5
Credit history
3
Insufficient cash
2
Collateral
1
Mortgage insurance denied
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 481 401 $326,476
Refinancing 61 49 $469,918
Cash-out Refinancing 36 28 $260,833
Other 2 2 $70,000
Home Improvement 1 1 $205,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 473 82.5% 3.0%
Black or African American 36 86.1% 2.8%
Asian 17 88.2% 0.0%
Joint 11 81.8% 0.0%
American Indian or Alaska Native 4 75.0% 0.0%
2 or more minority races 1 100.0% 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 499 83.6% 2.8%
Hispanic or Latino 26 84.6% 3.9%
Joint 21 66.7% 0.0%

Nearby Lenders in TN

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

21ST MORTGAGE

KNOXVILLE, TN

173,573 apps 30,274 originated 44.1% denied

VANDERBILT MORTGAGE AND FINANCE, INC

MARYVILLE, TN

124,520 apps 20,306 originated 42.7% denied

FIRSTBANK

LEXINGTON, TN

21,086 apps 6,413 originated 43.2% denied

FIRST COMMUNITY MORTGAGE

MURFREESBORO, TN

13,521 apps 10,523 originated 6.2% denied

FIRST HORIZON BANK

MEMPHIS, TN

13,326 apps 7,808 originated 21.7% denied
Compare LEGENDS BANK vs 21ST 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 LEGENDS BANK process?
LEGENDS BANK processed 581 mortgage applications in the 2023 HMDA reporting year. Of these, 481 were originated (approved and funded), 81 were withdrawn by the applicant, and 17 were denied.
What is LEGENDS BANK's mortgage approval rate?
LEGENDS BANK has an approval (origination) rate of 82.8%, meaning 82.8% of all applications resulted in a funded mortgage. The denial rate is 2.9%.
What is the average loan amount at LEGENDS BANK?
The average mortgage loan amount at LEGENDS BANK is $336,377. The average interest rate is 6.564%. The average applicant income is $38,000.
What are the most common reasons for mortgage denial at LEGENDS BANK?
The most common reasons for mortgage denial at LEGENDS BANK are: Debt-to-income ratio, Other, Credit history. In total, 17 applications were denied out of 581 total applications.
What types of mortgage loans does LEGENDS BANK offer?
LEGENDS BANK processes Conventional, VA, FHA, USDA loans. The most common type is Conventional with 350 applications and an average loan amount of $347,143.
What loan purposes does LEGENDS BANK serve?
LEGENDS BANK serves the following loan purposes: Home Purchase (481 applications), Refinancing (61 applications), Cash-out Refinancing (36 applications), Other (2 applications), Home Improvement (1 applications). Home Purchase is the most common purpose.
Where is LEGENDS BANK located?
LEGENDS BANK is headquartered in CLARKSVILLE, TN. The lender is identified by LEI 549300R0L43GUZ8EW811 in HMDA data.
How does LEGENDS BANK compare in lending across racial demographics?
LEGENDS BANK reports demographic lending data under HMDA requirements. White applicants have an approval rate of 82.5% and denial rate of 3.0%; Black or African American applicants have an approval rate of 86.1% and denial rate of 2.8%; Asian applicants have an approval rate of 88.2% 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.