Peoples Bank Mortgage Rates, Fees & Info
Clive, IALEI: 254900QIPUZ7PAK59X63
Tax ID: 42-0463300
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Mortgage Data
Review & Overview
Peoples Bank is a smaller bank specializing in Refi and Home Purchase loans. Peoples Bank has a high proportion of conventional loans. Their top markets by origination volume include: Des Moines, Iowa City, Ames, Los Angeles, and Brainerd among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)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
94Origination Dollar Volume (All Markets)
$39,370,000Top 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 |
|---|---|---|---|---|---|
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 52 | $24,830,000 | $477,500 | $0 | 0.00% |
| IOWA CITY, IA (FHA|USDA|VA) | 1 | $4,195,000 | $4,195,000 | $0 | 0.00% |
| Outside of Metro Areas | 21 | $2,895,000 | $137,857 | $0 | 0.00% |
| AMES, IA (FHA|USDA|VA) | 8 | $1,750,000 | $218,750 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $1,325,000 | $1,325,000 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $1,225,000 | $1,225,000 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $955,000 | $955,000 | $0 | 0.00% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $925,000 | $925,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| Marshalltown, IA (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $0 | 0.00% |
| Carroll, IA (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 0.00% |
| Fort Dodge, IA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Peoples Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 94 | $39,370,000 | $418,830 | $0 | 0.00% |
For 2024, Peoples Bank's most frequently originated type of loan was Conventional, with 94 originations.
Loan Reason
For 2024, Peoples Bank's most frequently cited loan purpose was Refi, with 48 originations. The 2nd most popular reason was Home Purchase, with 34 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 94 | $39,370,000 | $418,830 | $0 | 0.00% |
For 2024, Peoples Bank's most frequently cited loan duration was Other, with 94 originations.
Loan Sizing
2024 saw Peoples Bank place emphasis on $100,000 or less loans with 33 originations, totaling $1,945,000 in origination value.
Applicant Income
Peoples Bank lent most frequently to those with incomes in the $250k+ range, with 15 originations. The second most popular income band? $100k-150k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 94 | $39,370,000 | $418,830 | $0 | 0.00% |
Peoples Bank lent most frequently to those with DTI ratios of Exempt%, with 94 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.55%
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 origination81.91%
Peoples Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 94 | $39,370,000 | $418,830 |