Peoples Bank Mortgage Rates, Fees & Info

Rock Valley, IA

LEI: 254900WQBZOLXT53K570

Tax ID: 42-0624950

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

    Peoples Bank is a smaller bank specializing in Home Purchase and Refi loans. Peoples Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Sioux City, Sioux Falls, Spirit Lake, Riverside, and Phoenix among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Peoples Bank 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.

    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

    128

    Origination Dollar Volume (All Markets)

    $25,360,000

    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
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 51 $10,675,000 $209,314 $0 0.00%
    Outside of Metro Areas 62 $8,450,000 $136,290 $0 0.00%
    SIOUX FALLS, SD (FHA|USDA|VA) 7 $3,025,000 $432,143 $0 0.00%
    Spirit Lake, IA (FHA|USDA|VA) 4 $1,500,000 $375,000 $0 0.00%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $940,000 $470,000 $0 0.00%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $665,000 $665,000 $0 0.00%
    Alexandria, MN (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Peoples Bank's top markets include Sioux City, Sioux Falls, Spirit Lake, Riverside, and Phoenix among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 120 $24,180,000 $201,500 $0 0.00%
    USDA 8 $1,180,000 $147,500 $0 0.00%

    For 2023, Peoples Bank's most frequently originated type of loan was Conventional, with 120 originations. Their 2nd most popular type was USDA, with 8 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 75 $16,985,000 $226,467 $0 0.00%
    Refi 27 $6,405,000 $237,222 $0 0.00%
    Home Improvement 19 $1,475,000 $77,632 $0 0.00%
    Other 7 $495,000 $70,714 $0 0.00%

    For 2023, Peoples Bank's most frequently cited loan purpose was Home Purchase, with 75 originations. The 2nd most popular reason was Refi, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 128 $25,360,000 $198,125 $0 0.00%

    For 2023, Peoples Bank's most frequently cited loan duration was Other, with 128 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 49 $2,685,000 $54,796 $0 0.00%
    $100k-200k 43 $6,105,000 $141,977 $0 0.00%
    $200k-400k 19 $5,385,000 $283,421 $0 0.00%
    $400k-600k 10 $5,070,000 $507,000 $0 0.00%
    $600k-1MM 4 $2,910,000 $727,500 $0 0.00%
    $1MM+ 3 $3,205,000 $1,068,333 $0 0.00%

    2023 saw Peoples Bank place emphasis on $100,000 or less loans with 49 originations, totaling $2,685,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 19 $2,705,000 $142,368 $0 0.00%
    $100k-150k 15 $2,295,000 $153,000 $0 0.00%
    $150k-250k 13 $2,485,000 $191,154 $0 0.00%
    $75k-100k 13 $1,665,000 $128,077 $0 0.00%
    $50k or less 12 $1,090,000 $90,833 $0 0.00%
    $250k+ 2 $780,000 $390,000 $0 0.00%

    Peoples Bank lent most frequently to those with incomes in the $50k-75k range, with 19 originations. The second most popular income band? $100k-150k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 128 $25,360,000 $198,125 $0 0.00%

    Peoples Bank lent most frequently to those with DTI ratios of Exempt%, with 128 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 50 $13,650,000 $273,000 $0 0.00%
    White 75 $11,295,000 $150,600 $0 0.00%
    Not provided 1 $235,000 $235,000 $0 0.00%
    Black 2 $180,000 $90,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.43%

    Peoples Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.25%

    Peoples Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 128 $25,360,000 $198,125

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    128 $25,360,000 $198,125