Peoples Bank Mortgage Rates, Fees & Info
Rock Valley, IALEI: 254900WQBZOLXT53K570
Tax ID: 42-0624950
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Peoples Bank is a smaller bank specializing in Home Purchase loans. Peoples Bank has a high proportion of conventional loans. Their top markets by origination volume include: Sioux City, Spirit Lake, Marietta, Cape Coral, and Phoenix among others. We have data for 16 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.
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Originations
120Origination Dollar Volume (All Markets)
$29,760,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 60 | $11,070,000 | $184,500 | $0 | 0.00% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 40 | $10,370,000 | $259,250 | $0 | 0.00% |
| Spirit Lake, IA (FHA|USDA|VA) | 6 | $4,080,000 | $680,000 | $0 | 0.00% |
| Marietta, OH (FHA|USDA|VA) | 1 | $1,895,000 | $1,895,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Storm Lake, IA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 0.00% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Fergus Falls, MN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Marshalltown, IA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 108 | $27,910,000 | $258,426 | $0 | 0.00% |
| USDA | 12 | $1,850,000 | $154,167 | $0 | 0.00% |
For 2022, Peoples Bank's most frequently originated type of loan was Conventional, with 108 originations. Their 2nd most popular type was USDA, with 12 originations.
Loan Reason
For 2022, Peoples Bank's most frequently cited loan purpose was Home Purchase, with 92 originations. The 2nd most popular reason was Refi, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 120 | $29,760,000 | $248,000 | $0 | 0.00% |
For 2022, Peoples Bank's most frequently cited loan duration was Other, with 120 originations.
Loan Sizing
2022 saw Peoples Bank place emphasis on $100k-200k loans with 46 originations, totaling $6,810,000 in origination value.
Applicant Income
Peoples Bank lent most frequently to those with incomes in the $50k or less range, with 19 originations. The second most popular income band? $50k-75k, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 120 | $29,760,000 | $248,000 | $0 | 0.00% |
Peoples Bank lent most frequently to those with DTI ratios of Exempt%, with 120 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.57%
Peoples Bank has an average approval rate.
Pick Rate
Approvals leading to origination78.33%
Peoples Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 120 | $29,760,000 | $248,000 |