Peoples Bank Of Alabama Mortgage Rates, Fees & Info
Cullman, ALLEI: 5493002XCPKQYCZ56W55
Tax ID: 63-0728482
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Peoples Bank Of Alabama is a smaller bank specializing in Home Purchase and Refi 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 10 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
80Origination Dollar Volume (All Markets)
$15,650,000Top 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) | 20 | $3,830,000 | $191,500 | $0 | 0.00% |
| Cullman, AL (FHA|USDA|VA) | 14 | $3,030,000 | $216,429 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 11 | $2,855,000 | $259,545 | $0 | 0.00% |
| Albertville, AL (FHA|USDA|VA) | 16 | $2,790,000 | $174,375 | $0 | 0.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 10 | $1,950,000 | $195,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $335,000 | $111,667 | $0 | 0.00% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| GADSDEN, AL (FHA|USDA|VA) | 3 | $175,000 | $58,333 | $0 | 0.00% |
| Jasper, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 80 | $15,650,000 | $195,625 | $0 | 0.00% |
For 2024, Peoples Bank Of Alabama's most frequently originated type of loan was Conventional, with 80 originations.
Loan Reason
For 2024, Peoples Bank Of Alabama's most frequently cited loan purpose was Home Purchase, with 43 originations. The 2nd most popular reason was Refi, with 28 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 80 | $15,650,000 | $195,625 | $0 | 0.00% |
For 2024, Peoples Bank Of Alabama's most frequently cited loan duration was Other, with 80 originations.
Loan Sizing
2024 saw Peoples Bank Of Alabama place emphasis on $100,000 or less loans with 30 originations, totaling $1,780,000 in origination value.
Applicant Income
Peoples Bank Of Alabama lent most frequently to those with incomes in the $100k-150k range, with 12 originations. The second most popular income band? $50k or less, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 80 | $15,650,000 | $195,625 | $0 | 0.00% |
Peoples Bank Of Alabama lent most frequently to those with DTI ratios of Exempt%, with 80 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.22%
Peoples Bank Of Alabama has a below average approval rate.
Pick Rate
Approvals leading to origination47.50%
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 | 80 | $15,650,000 | $195,625 |