Peoples Bank Mortgage Rates, Fees & Info
Mendenhall, MSLEI: 54930032OCUOR526IR93
Tax ID: 64-0220470
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Mortgage Data
Review & Overview
Peoples Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. They have a a high proportion of FHA loans. Peoples Bank has an average proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Atlanta, Jackson, Hattiesburg, Los Angeles, and New York among others. We have data for 147 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.60% | 12/16/24 |
| 30 Year Conventional Refi | 6.59% | 12/16/24 |
| 30 Year Cash-out Refi | 6.59% | 12/16/24 |
| 30 Year FHA Purchase | 7.41% | 12/16/24 |
| 30 Year FHA Refi | 7.48% | 12/16/24 |
| 30 Year VA Purchase | 6.38% | 12/16/24 |
| 30 Year USDA Purchase | 7.10% | 12/16/24 |
| 15 Year Conventional Purchase | 7.67% | 12/16/24 |
| 15 Year Conventional Refi | 9.72% | 12/16/24 |
| 15 Year Cash-out Refi | 9.72% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Peoples Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
352Origination Dollar Volume (All Markets)
$90,850,000Top 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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 19 | $6,135,000 | $322,895 | $0 | 0.00% |
| JACKSON, MS (FHA|USDA|VA) | 40 | $5,800,000 | $145,000 | $0 | 0.00% |
| Outside of Metro Areas | 27 | $3,275,000 | $121,296 | $0 | 0.00% |
| HATTIESBURG, MS (FHA|USDA|VA) | 22 | $3,180,000 | $144,545 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 4 | $2,360,000 | $590,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 6 | $2,280,000 | $380,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 7 | $2,195,000 | $313,571 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $2,125,000 | $425,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $1,875,000 | $1,875,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 4 | $1,740,000 | $435,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 5 | $1,535,000 | $307,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 5 | $1,515,000 | $303,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $1,395,000 | $465,000 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 5 | $1,395,000 | $279,000 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 5 | $1,335,000 | $267,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 7 | $1,305,000 | $186,429 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $1,245,000 | $415,000 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $1,105,000 | $368,333 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $0 | 0.00% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $0 | 0.00% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 4 | $720,000 | $180,000 | $0 | 0.00% |
| Paragould, AR (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $0 | 0.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $0 | 0.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $0 | 0.00% |
| Manitowoc, WI (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 0.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $0 | 0.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $0 | 0.00% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $0 | 0.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| Oxford, MS (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $0 | 0.00% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 0.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| WICHITA, KS (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $0 | 0.00% |
| London, KY (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 0.00% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 0.00% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 0.00% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| Laurel, MS (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 0.00% |
| BEND, OR (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| Juneau, AK (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 0.00% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| Holland, MI (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| CHEYENNE, WY (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| Shelton, WA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 0.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 0.00% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 0.00% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Kirksville, MO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Tifton, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 0.00% |
| West Plains, MO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Tupelo, MS (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| BAY CITY, MI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Lake City, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Concord, NH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| REDDING, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Borger, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Thomaston, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Cleveland, MS (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Batesville, AR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| MONROE, LA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Ashtabula, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Centralia, WA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| ALTOONA, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| OWENSBORO, KY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Española, NM (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| AKRON, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Brookhaven, MS (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
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Product Mix
For 2023, Peoples Bank's most frequently originated type of loan was FHA, with 226 originations. Their 2nd most popular type was Conventional, with 86 originations.
Loan Reason
For 2023, Peoples Bank's most frequently cited loan purpose was Home Purchase, with 201 originations. The 2nd most popular reason was Cash Out Refi, with 113 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 352 | $90,850,000 | $258,097 | $0 | 0.00% |
For 2023, Peoples Bank's most frequently cited loan duration was Other, with 352 originations.
Loan Sizing
2023 saw Peoples Bank place emphasis on $200k-400k loans with 149 originations, totaling $42,345,000 in origination value.
Applicant Income
Peoples Bank lent most frequently to those with incomes in the $75k-100k range, with 95 originations. The second most popular income band? $100k-150k, with 83 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 352 | $90,850,000 | $258,097 | $0 | 0.00% |
Peoples Bank lent most frequently to those with DTI ratios of Exempt%, with 352 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.71%
Peoples Bank has an average approval rate.
Pick Rate
Approvals leading to origination69.03%
Peoples Bank 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 | 352 | $90,850,000 | $258,097 |