First Peoples Bank Mortgage Rates, Fees & Info
PINE MOUNTAIN, GALEI: 549300107HDIK6N8E812
Tax ID: 58-1745484
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Mortgage Data
Review & Overview
First Peoples Bank is a smaller bank specializing in Refi and Home Purchase loans. First Peoples Bank has a high proportion of conventional loans. Their top markets by origination volume include: Auburn, Columbus, Atlanta, Lagrange, and Mobile among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)First Peoples Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
69Origination Dollar Volume (All Markets)
$13,575,000Top 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 |
|---|---|---|---|---|---|
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 12 | $4,970,000 | $414,167 | $0 | 0.00% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 25 | $3,475,000 | $139,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 16 | $2,710,000 | $169,375 | $0 | 0.00% |
| LaGrange, GA-AL (FHA|USDA|VA) | 15 | $1,955,000 | $130,333 | $0 | 0.00% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 69 | $13,575,000 | $196,739 | $0 | 0.00% |
For 2019, First Peoples Bank's most frequently originated type of loan was Conventional, with 69 originations.
Loan Reason
For 2019, First Peoples Bank's most frequently cited loan purpose was Refi, with 34 originations. The 2nd most popular reason was Home Purchase, with 31 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 69 | $13,575,000 | $196,739 | $0 | 0.00% |
For 2019, First Peoples Bank's most frequently cited loan duration was Other, with 69 originations.
Loan Sizing
2019 saw First Peoples Bank place emphasis on $100,000 or less loans with 31 originations, totaling $1,615,000 in origination value.
Applicant Income
First Peoples Bank lent most frequently to those with incomes in the $50k or less range, with 12 originations. The second most popular income band? $100k-150k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 69 | $13,575,000 | $196,739 | $0 | 0.00% |
First Peoples Bank lent most frequently to those with DTI ratios of Exempt%, with 69 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
First 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 origination92.75%
First Peoples Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 69 | $13,575,000 | $196,739 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST HORIZON BANK | FHA mortgage | Trouble during payment process | 2 | 13.3% |
| FIRST HORIZON BANK | Conventional home mortgage | Trouble during payment process | 4 | 26.7% |
| FIRST HORIZON BANK | Conventional home mortgage | Struggling to pay mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Other type of mortgage | Trouble during payment process | 1 | 6.7% |
| FIRST HORIZON BANK | VA mortgage | Closing on a mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 3 | 20.0% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | FHA mortgage | Struggling to pay mortgage | 1 | 6.7% |