Peoples Community Bank Mortgage Rates, Fees & Info
Montross, VALEI: 254900P44V97GS5HR441
Tax ID: 54-0336300
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Mortgage Data
Review & Overview
Peoples Community Bank is a smaller bank specializing in Home Purchase and Refi loans. Peoples Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Richmond, Washington, Kill Devil Hills, and Virginia Beach among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Peoples Community 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
77Origination Dollar Volume (All Markets)
$16,925,000Top 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 |
|---|---|---|---|---|---|
| RICHMOND, VA (FHA|USDA|VA) | 40 | $8,770,000 | $219,250 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 15 | $3,835,000 | $255,667 | $0 | 0.00% |
| Outside of Metro Areas | 20 | $3,480,000 | $174,000 | $0 | 0.00% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 77 | $16,925,000 | $219,805 | $0 | 0.00% |
For 2018, Peoples Community Bank's most frequently originated type of loan was Conventional, with 77 originations.
Loan Reason
For 2018, Peoples Community Bank's most frequently cited loan purpose was Home Purchase, with 50 originations. The 2nd most popular reason was Refi, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 77 | $16,925,000 | $219,805 | $0 | 0.00% |
For 2018, Peoples Community Bank's most frequently cited loan duration was Other, with 77 originations.
Loan Sizing
2018 saw Peoples Community Bank place emphasis on $100k-200k loans with 26 originations, totaling $3,280,000 in origination value.
Applicant Income
Peoples Community Bank lent most frequently to those with incomes in the $250k+ range, with 9 originations. The second most popular income band? $100k-150k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 77 | $16,925,000 | $219,805 | $0 | 0.00% |
Peoples Community Bank lent most frequently to those with DTI ratios of Exempt%, with 77 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.57%
Peoples Community Bank has an average approval rate.
Pick Rate
Approvals leading to origination75.32%
Peoples Community Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 77 | $16,925,000 | $219,805 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 3 | $1,645,000 | $548,333 |
| Single Family (1-4 Units):Site-Built | 74 | $15,280,000 | $206,486 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 60-80% | 1 | $455,000 | $455,000 | $0 | 0.00% |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Peoples Home Equity, Inc. | Conventional home mortgage | Closing on a mortgage | 2 | 50.0% |
| Peoples Home Equity, Inc. | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
| Peoples Home Equity, Inc. | Other type of mortgage | Closing on a mortgage | 1 | 25.0% |