The Peoples Bank Biloxi Mississippi Mortgage Rates, Fees & Info

Biloxi, MS

LEI: 254900AVP2JVTYYT3V92

Tax ID: 64-0220430

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Mortgage Data

Review & Overview

The Peoples Bank Biloxi Mississippi is a smaller bank specializing in Refi and Home Purchase loans. The Peoples Bank Biloxi Mississippi has a high proportion of conventional loans. Their top markets by origination volume include: Gulfport, Mobile, Daphne, Oxford, and Starkville among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Peoples Bank Biloxi Mississippi has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

139

Origination Dollar Volume (All Markets)

$23,805,000

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
GULFPORT-BILOXI, MS (FHA|USDA|VA) 133 $20,595,000 $154,850 $0 0.00%
MOBILE, AL (FHA|USDA|VA) 1 $1,685,000 $1,685,000 $0 0.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $1,030,000 $515,000 $0 0.00%
Oxford, MS (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
Outside of Metro Areas 1 $175,000 $175,000 $0 0.00%
Starkville, MS (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
The Peoples Bank Biloxi Mississippi's top markets include Gulfport, Mobile, Daphne, Oxford, and Starkville among others.

Their top states include:
  • Mississippi (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 139 $23,805,000 $171,259 $0 0.00%

    For 2022, The Peoples Bank Biloxi Mississippi's most frequently originated type of loan was Conventional, with 139 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 70 $10,740,000 $153,429 $0 0.00%
    Home Purchase 56 $11,950,000 $213,393 $0 0.00%
    Other 11 $1,005,000 $91,364 $0 0.00%
    Home Improvement 2 $110,000 $55,000 $0 0.00%

    For 2022, The Peoples Bank Biloxi Mississippi's most frequently cited loan purpose was Refi, with 70 originations. The 2nd most popular reason was Home Purchase, with 56 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 139 $23,805,000 $171,259 $0 0.00%

    For 2022, The Peoples Bank Biloxi Mississippi's most frequently cited loan duration was Other, with 139 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 61 $3,325,000 $54,508 $0 0.00%
    $100k-200k 44 $6,250,000 $142,045 $0 0.00%
    $200k-400k 23 $6,295,000 $273,696 $0 0.00%
    $400k-600k 6 $2,810,000 $468,333 $0 0.00%
    $600k-1MM 3 $2,185,000 $728,333 $0 0.00%
    $1MM+ 2 $2,940,000 $1,470,000 $0 0.00%

    2022 saw The Peoples Bank Biloxi Mississippi place emphasis on $100,000 or less loans with 61 originations, totaling $3,325,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 32 $3,150,000 $98,438 $0 0.00%
    $50k or less 25 $1,805,000 $72,200 $0 0.00%
    $100k-150k 23 $4,265,000 $185,435 $0 0.00%
    $75k-100k 18 $2,200,000 $122,222 $0 0.00%
    $250k+ 9 $3,545,000 $393,889 $0 0.00%
    $150k-250k 7 $1,665,000 $237,857 $0 0.00%

    The Peoples Bank Biloxi Mississippi lent most frequently to those with incomes in the $50k-75k range, with 32 originations. The second most popular income band? $50k or less, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 139 $23,805,000 $171,259 $0 0.00%

    The Peoples Bank Biloxi Mississippi lent most frequently to those with DTI ratios of Exempt%, with 139 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 107 $16,425,000 $153,505 $0 0.00%
    Not applicable 18 $5,860,000 $325,556 $0 0.00%
    Vietnamese 6 $700,000 $116,667 $0 0.00%
    Black 6 $420,000 $70,000 $0 0.00%
    Chinese 1 $345,000 $345,000 $0 0.00%
    Filipino 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.95%

    The Peoples Bank Biloxi Mississippi has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    86.33%

    The Peoples Bank Biloxi Mississippi has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 139 $23,805,000 $171,259

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    139 $23,805,000 $171,259