The Peoples Bank Mortgage Rates, Fees & Info
Iva, SCLEI: 254900DEMD2F6Z046A71
Tax ID: 57-0305018
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Mortgage Data
Review & Overview
The Peoples Bank is a smaller bank specializing in Home Purchase and Refi loans. The Peoples Bank has a high proportion of conventional loans. Their top markets by origination volume include: Greenville, Seneca, Boone, Brevard, and Newberry among others. We have data for 7 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.
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Originations
71Origination Dollar Volume (All Markets)
$15,535,000Top 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 |
|---|---|---|---|---|---|
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 63 | $12,905,000 | $204,841 | $0 | 0.00% |
| Seneca, SC (FHA|USDA|VA) | 2 | $1,400,000 | $700,000 | $0 | 0.00% |
| Boone, NC (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $310,000 | $155,000 | $0 | 0.00% |
| Brevard, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Newberry, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 71 | $15,535,000 | $218,803 | $0 | 0.00% |
For 2022, The Peoples Bank's most frequently originated type of loan was Conventional, with 71 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 37 | $10,675,000 | $288,514 | $0 | 0.00% |
| Refi | 33 | $4,685,000 | $141,970 | $0 | 0.00% |
| Other | 1 | $175,000 | $175,000 | $0 | 0.00% |
For 2022, The Peoples Bank's most frequently cited loan purpose was Home Purchase, with 37 originations. The 2nd most popular reason was Refi, with 33 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 71 | $15,535,000 | $218,803 | $0 | 0.00% |
For 2022, The Peoples Bank's most frequently cited loan duration was Other, with 71 originations.
Loan Sizing
2022 saw The Peoples Bank place emphasis on $100k-200k loans with 22 originations, totaling $3,110,000 in origination value.
Applicant Income
The Peoples Bank lent most frequently to those with incomes in the $100k-150k range, with 12 originations. The second most popular income band? $50k-75k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 71 | $15,535,000 | $218,803 | $0 | 0.00% |
The Peoples Bank lent most frequently to those with DTI ratios of Exempt%, with 71 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.43%
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 origination85.92%
The Peoples Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 71 | $15,535,000 | $218,803 |