Peoples Bank Of Alabama Mortgage Rates, Fees & Info
Cullman, ALLEI: 5493002XCPKQYCZ56W55
Tax ID: 63-0728482
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Mortgage Data
Review & Overview
Peoples Bank Of Alabama is a smaller bank specializing in Home Purchase loans. Peoples Bank Of Alabama has a high proportion of conventional loans. Their top markets by origination volume include: Decatur, Cullman, Birmingham, Albertville, and Huntsville among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)Peoples Bank Of Alabama 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
121Origination Dollar Volume (All Markets)
$21,705,000Top 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 |
|---|---|---|---|---|---|
| DECATUR, AL (FHA|USDA|VA) | 25 | $4,785,000 | $191,400 | $0 | 0.00% |
| Cullman, AL (FHA|USDA|VA) | 21 | $3,985,000 | $189,762 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 20 | $3,570,000 | $178,500 | $0 | 0.00% |
| Albertville, AL (FHA|USDA|VA) | 26 | $3,510,000 | $135,000 | $0 | 0.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 9 | $1,785,000 | $198,333 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $1,405,000 | $1,405,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $505,000 | $101,000 | $0 | 0.00% |
| GADSDEN, AL (FHA|USDA|VA) | 7 | $505,000 | $72,143 | $0 | 0.00% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 0.00% |
| Jasper, AL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 121 | $21,705,000 | $179,380 | $0 | 0.00% |
For 2023, Peoples Bank Of Alabama's most frequently originated type of loan was Conventional, with 121 originations.
Loan Reason
For 2023, Peoples Bank Of Alabama's most frequently cited loan purpose was Home Purchase, with 63 originations. The 2nd most popular reason was Refi, with 38 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 121 | $21,705,000 | $179,380 | $0 | 0.00% |
For 2023, Peoples Bank Of Alabama's most frequently cited loan duration was Other, with 121 originations.
Loan Sizing
2023 saw Peoples Bank Of Alabama place emphasis on $100,000 or less loans with 58 originations, totaling $3,420,000 in origination value.
Applicant Income
Peoples Bank Of Alabama lent most frequently to those with incomes in the $150k-250k range, with 16 originations. The second most popular income band? $50k or less, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 121 | $21,705,000 | $179,380 | $0 | 0.00% |
Peoples Bank Of Alabama lent most frequently to those with DTI ratios of Exempt%, with 121 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.54%
Peoples Bank Of Alabama has a below average approval rate.
Pick Rate
Approvals leading to origination52.89%
Peoples Bank Of Alabama has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 121 | $21,705,000 | $179,380 |