The Peoples Bank Mortgage Rates, Fees & Info

Iva, SC

LEI: 254900DEMD2F6Z046A71

Tax ID: 57-0305018

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

    The Peoples Bank is a smaller bank specializing in Home Purchase loans. The Peoples Bank has a high proportion of conventional loans. Their top markets by origination volume include: Greenville, Savannah, Myrtle Beach, Spartanburg, and Newberry among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

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

    61

    Origination Dollar Volume (All Markets)

    $22,385,000

    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
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 51 $17,425,000 $341,667 $0 0.00%
    SAVANNAH, GA (FHA|USDA|VA) 1 $2,485,000 $2,485,000 $0 0.00%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $525,000 $525,000 $0 0.00%
    SPARTANBURG, SC (FHA|USDA|VA) 3 $515,000 $171,667 $0 0.00%
    Newberry, SC (FHA|USDA|VA) 2 $430,000 $215,000 $0 0.00%
    Greenwood, SC (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    Seneca, SC (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    The Peoples Bank's top markets include Greenville, Savannah, Myrtle Beach, Spartanburg, and Newberry among others.

    Their top states include:
  • South Carolina (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 61 $22,385,000 $366,967 $0 0.00%

    For 2023, The Peoples Bank's most frequently originated type of loan was Conventional, with 61 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 46 $19,980,000 $434,348 $0 0.00%
    Refi 11 $1,635,000 $148,636 $0 0.00%
    Home Improvement 4 $770,000 $192,500 $0 0.00%

    For 2023, The Peoples Bank's most frequently cited loan purpose was Home Purchase, with 46 originations. The 2nd most popular reason was Refi, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 61 $22,385,000 $366,967 $0 0.00%

    For 2023, The Peoples Bank's most frequently cited loan duration was Other, with 61 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 22 $6,300,000 $286,364 $0 0.00%
    $100,000 or less 15 $1,005,000 $67,000 $0 0.00%
    $100k-200k 12 $1,840,000 $153,333 $0 0.00%
    $400k-600k 8 $3,800,000 $475,000 $0 0.00%
    $1MM+ 4 $9,440,000 $2,360,000 $0 0.00%

    2023 saw The Peoples Bank place emphasis on $200k-400k loans with 22 originations, totaling $6,300,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 10 $2,920,000 $292,000 $0 0.00%
    $150k-250k 8 $3,380,000 $422,500 $0 0.00%
    $75k-100k 7 $1,655,000 $236,429 $0 0.00%
    $50k-75k 5 $1,035,000 $207,000 $0 0.00%
    $250k+ 4 $3,810,000 $952,500 $0 0.00%
    $50k or less 4 $390,000 $97,500 $0 0.00%

    The Peoples Bank lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $150k-250k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 61 $22,385,000 $366,967 $0 0.00%

    The Peoples Bank lent most frequently to those with DTI ratios of Exempt%, with 61 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 36 $10,470,000 $290,833 $0 0.00%
    Not applicable 23 $9,195,000 $399,783 $0 0.00%
    Not provided 2 $2,720,000 $1,360,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.30%

    The Peoples 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 origination
    83.61%

    The Peoples Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 61 $22,385,000 $366,967

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    61 $22,385,000 $366,967