Peoples State Bank Mortgage Rates, Fees & Info

New Lexington, OH

LEI: 2549008L3Z5ZSC32UL43

Tax ID: 31-4278465

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Peoples State Bank is a smaller bank specializing in Home Purchase loans. Peoples State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Columbus, Zanesville, and Athens among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Peoples State Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    69

    Origination Dollar Volume (All Markets)

    $16,525,000

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    COLUMBUS, OH (FHA|USDA|VA) 59 $14,745,000 $249,915 $0 0.00%
    Zanesville, OH (FHA|USDA|VA) 8 $1,430,000 $178,750 $0 0.00%
    Athens, OH (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    Outside of Metro Areas 1 $135,000 $135,000 $0 0.00%
    Peoples State Bank's top markets include Columbus, Zanesville, and Athens among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 69 $16,525,000 $239,493 $0 0.00%

    For 2023, Peoples State Bank's most frequently originated type of loan was Conventional, with 69 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 51 $13,885,000 $272,255 $0 0.00%
    Other 7 $1,245,000 $177,857 $0 0.00%
    Cash Out Refi 6 $740,000 $123,333 $0 0.00%
    Refi 3 $345,000 $115,000 $0 0.00%
    Home Improvement 2 $310,000 $155,000 $0 0.00%

    For 2023, Peoples State Bank's most frequently cited loan purpose was Home Purchase, with 51 originations. The 2nd most popular reason was Other, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 69 $16,525,000 $239,493 $0 0.00%

    For 2023, Peoples State Bank's most frequently cited loan duration was Other, with 69 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 24 $3,380,000 $140,833 $0 0.00%
    $200k-400k 20 $5,740,000 $287,000 $0 0.00%
    $100,000 or less 12 $790,000 $65,833 $0 0.00%
    $400k-600k 12 $5,650,000 $470,833 $0 0.00%
    $600k-1MM 1 $965,000 $965,000 $0 0.00%

    2023 saw Peoples State Bank place emphasis on $100k-200k loans with 24 originations, totaling $3,380,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 16 $4,430,000 $276,875 $0 0.00%
    $50k-75k 12 $2,000,000 $166,667 $0 0.00%
    $150k-250k 9 $2,075,000 $230,556 $0 0.00%
    $75k-100k 9 $1,755,000 $195,000 $0 0.00%
    $50k or less 7 $595,000 $85,000 $0 0.00%
    $250k+ 5 $2,565,000 $513,000 $0 0.00%

    Peoples State Bank lent most frequently to those with incomes in the $100k-150k range, with 16 originations. The second most popular income band? $50k-75k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 69 $16,525,000 $239,493 $0 0.00%

    Peoples State Bank lent most frequently to those with DTI ratios of Exempt%, with 69 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 58 $13,420,000 $231,379 $0 0.00%
    Not applicable 11 $3,105,000 $282,273 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.46%

    Peoples State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.30%

    Peoples State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 69 $16,525,000 $239,493

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    69 $16,525,000 $239,493