Peoples State Bank Mortgage Rates, Fees & Info
New Lexington, OHLEI: 2549008L3Z5ZSC32UL43
Tax ID: 31-4278465
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Mortgage Data
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 two markets are Columbus and Zanesville .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.
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Originations
127Origination Dollar Volume (All Markets)
$27,975,000Top 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) | 110 | $25,250,000 | $229,545 | $0 | 0.00% |
| Zanesville, OH (FHA|USDA|VA) | 13 | $2,285,000 | $175,769 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $440,000 | $110,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 127 | $27,975,000 | $220,276 | $0 | 0.00% |
For 2022, Peoples State Bank's most frequently originated type of loan was Conventional, with 127 originations.
Loan Reason
For 2022, Peoples State Bank's most frequently cited loan purpose was Home Purchase, with 71 originations. The 2nd most popular reason was Cash Out Refi, with 30 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 127 | $27,975,000 | $220,276 | $0 | 0.00% |
For 2022, Peoples State Bank's most frequently cited loan duration was Other, with 127 originations.
Loan Sizing
2022 saw Peoples State Bank place emphasis on $100k-200k loans with 40 originations, totaling $5,840,000 in origination value.
Applicant Income
Peoples State Bank lent most frequently to those with incomes in the $100k-150k range, with 32 originations. The second most popular income band? $50k-75k, with 26 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 127 | $27,975,000 | $220,276 | $0 | 0.00% |
Peoples State Bank lent most frequently to those with DTI ratios of Exempt%, with 127 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 117 | $25,875,000 | $221,154 | $0 | 0.00% |
| Not applicable | 10 | $2,100,000 | $210,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications97.20%
Peoples State Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination90.55%
Peoples State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 127 | $27,975,000 | $220,276 |