Peoples State Bank Of Plainview Mortgage Rates, Fees & Info
Plainview, MNLEI: 2549009PBYH62M6NZK12
Tax ID: 41-0473820
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Mortgage Data
Review & Overview
Peoples State Bank Of Plainview is a smaller bank specializing in Home Purchase loans. Peoples State Bank Of Plainview has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Rochester, Menomonie, Minneapolis, Winona, and Eau Claire among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Peoples State Bank Of Plainview 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
241Origination Dollar Volume (All Markets)
$38,695,000Top 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 |
|---|---|---|---|---|---|
| ROCHESTER, MN (FHA|USDA|VA) | 109 | $17,205,000 | $157,844 | $0 | 0.00% |
| Menomonie, WI (FHA|USDA|VA) | 61 | $11,855,000 | $194,344 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 25 | $3,435,000 | $137,400 | $0 | 0.00% |
| Outside of Metro Areas | 16 | $2,230,000 | $139,375 | $0 | 0.00% |
| Winona, MN (FHA|USDA|VA) | 15 | $1,705,000 | $113,667 | $0 | 0.00% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 5 | $795,000 | $159,000 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 0.00% |
| Spearfish, SD (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Red Wing, MN (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 0.00% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Austin, MN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 240 | $38,540,000 | $160,583 | $0 | 0.00% |
| USDA | 1 | $155,000 | $155,000 | $0 | 0.00% |
For 2023, Peoples State Bank Of Plainview's most frequently originated type of loan was Conventional, with 240 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2023, Peoples State Bank Of Plainview's most frequently cited loan purpose was Home Purchase, with 130 originations. The 2nd most popular reason was Home Improvement, with 42 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 241 | $38,695,000 | $160,560 | $0 | 0.00% |
For 2023, Peoples State Bank Of Plainview's most frequently cited loan duration was Other, with 241 originations.
Loan Sizing
2023 saw Peoples State Bank Of Plainview place emphasis on $100,000 or less loans with 107 originations, totaling $5,025,000 in origination value.
Applicant Income
Peoples State Bank Of Plainview lent most frequently to those with incomes in the $100k-150k range, with 70 originations. The second most popular income band? $75k-100k, with 43 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 241 | $38,695,000 | $160,560 | $0 | 0.00% |
Peoples State Bank Of Plainview lent most frequently to those with DTI ratios of Exempt%, with 241 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.32%
Peoples State Bank Of Plainview has an average approval rate.
Pick Rate
Approvals leading to origination96.68%
Peoples State Bank Of Plainview has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 241 | $38,695,000 | $160,560 |