Peoples Bank Mortgage Rates, Fees & Info

Mendenhall, MS

LEI: 54930032OCUOR526IR93

Tax ID: 64-0220470

1 stars - Updated: 3/3/24 - out of 5 stars, based on 21 reviews

Latest/2022 | 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 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: Jackson, Atlanta, Hattiesburg, New York, and Chicago among others. We have data for 160 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. Peoples Bank is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.60% 3/3/24
30 Year Conventional Refi 6.59% 3/3/24
30 Year Cash-out Refi 6.59% 3/3/24
30 Year FHA Purchase 7.41% 3/3/24
30 Year FHA Refi 7.48% 3/3/24
30 Year VA Purchase 6.38% 3/3/24
30 Year USDA Purchase 7.10% 3/3/24
15 Year Conventional Purchase 7.67% 3/3/24
15 Year Conventional Refi 9.72% 3/3/24
15 Year Cash-out Refi 9.72% 3/3/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Peoples Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

424

Origination Dollar Volume (All Markets)

$102,550,000

Awards

Peoples Bank 30 Year Conventional Loans bronze
Show all (1) awards

Relative Rate

Peoples Bank's average 30 year fixed mortgage rate was 5.02%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.26%.

Relative Fees (Closing Costs)

Peoples Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $12,749.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

Top 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
JACKSON, MS (FHA|USDA|VA) 68 $9,240,000 $135,882 $3,861 6.65%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 21 $6,135,000 $292,143 $13,092 4.98%
Outside of Metro Areas 33 $3,755,000 $113,788 $6,422 6.87%
HATTIESBURG, MS (FHA|USDA|VA) 26 $3,390,000 $130,385 $3,487 7.27%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 6 $2,680,000 $446,667 $23,566 5.52%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 9 $2,645,000 $293,889 $12,986 4.96%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 9 $2,645,000 $293,889 $14,643 4.76%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 5 $2,475,000 $495,000 $27,528 4.68%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 6 $2,360,000 $393,333 $16,844 4.85%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $2,325,000 $2,325,000 $0 5.50%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 4 $2,220,000 $555,000 $21,902 4.19%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 6 $2,060,000 $343,333 $15,291 4.33%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 4 $2,000,000 $500,000 $17,823 4.59%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 5 $1,985,000 $397,000 $17,202 4.30%
LOUISVILLE, KY (FHA|USDA|VA) 4 $1,440,000 $360,000 $17,515 5.25%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 6 $1,400,000 $233,333 $10,440 4.69%
ST. LOUIS, MO-IL (FHA|USDA|VA) 5 $1,375,000 $275,000 $13,278 4.97%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 5 $1,285,000 $257,000 $8,732 5.37%
JACKSONVILLE, FL (FHA|USDA|VA) 4 $1,070,000 $267,500 $14,264 4.25%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $1,045,000 $348,333 $9,518 5.66%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $995,000 $331,667 $15,022 5.71%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 5 $995,000 $199,000 $10,401 5.32%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $980,000 $490,000 $11,863 5.38%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $965,000 $321,667 $17,027 5.46%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 4 $920,000 $230,000 $11,617 4.75%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $890,000 $445,000 $15,447 5.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $845,000 $281,667 $17,289 4.63%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $765,000 $255,000 $10,133 4.62%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $760,000 $380,000 $20,449 4.94%
SALT LAKE CITY, UT (FHA|USDA|VA) 2 $760,000 $380,000 $19,823 4.63%
RICHMOND, VA (FHA|USDA|VA) 3 $735,000 $245,000 $12,546 4.58%
COLUMBUS, OH (FHA|USDA|VA) 2 $700,000 $350,000 $12,381 4.81%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $695,000 $231,667 $14,195 6.17%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $675,000 $225,000 $9,205 4.79%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $660,000 $330,000 $14,950 4.99%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $645,000 $645,000 $9,631 5.62%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $645,000 $645,000 $11,808 5.13%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 3 $645,000 $215,000 $12,766 4.99%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $630,000 $315,000 $14,030 4.31%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $630,000 $315,000 $10,799 4.43%
KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $625,000 $208,333 $9,843 5.71%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $625,000 $625,000 $5,472 4.25%
YAKIMA, WA (FHA|USDA|VA) 2 $580,000 $290,000 $15,108 4.31%
Oxford, MS (FHA|USDA|VA) 3 $575,000 $191,667 $4,334 5.08%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $570,000 $285,000 $13,556 4.63%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $560,000 $280,000 $12,484 4.00%
Moses Lake, WA (FHA|USDA|VA) 2 $530,000 $265,000 $12,213 5.56%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $525,000 $525,000 $11,613 5.50%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $515,000 $515,000 $15,266 3.50%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $515,000 $515,000 $0 5.50%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $510,000 $255,000 $11,423 4.69%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $510,000 $255,000 $14,149 5.31%
BRUNSWICK, GA (FHA|USDA|VA) 2 $490,000 $245,000 $11,880 6.69%
Hilo, HI (FHA|USDA|VA) 1 $485,000 $485,000 $26,730 6.63%
PITTSBURGH, PA (FHA|USDA|VA) 4 $460,000 $115,000 $8,658 5.43%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $460,000 $230,000 $11,064 5.06%
ANCHORAGE, AK (FHA|USDA|VA) 1 $435,000 $435,000 $20,157 5.50%
TUCSON, AZ (FHA|USDA|VA) 1 $425,000 $425,000 $18,718 4.50%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $415,000 $415,000 $11,867 4.63%
LYNCHBURG, VA (FHA|USDA|VA) 2 $410,000 $205,000 $11,393 5.00%
SPRINGFIELD, MO (FHA|USDA|VA) 3 $405,000 $135,000 $8,734 4.92%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $395,000 $395,000 $22,281 6.75%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $395,000 $395,000 $17,562 5.25%
Greenwood, SC (FHA|USDA|VA) 2 $390,000 $195,000 $10,694 5.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $385,000 $385,000 $19,573 5.62%
SALEM, OR (FHA|USDA|VA) 1 $375,000 $375,000 $12,803 5.63%
Red Wing, MN (FHA|USDA|VA) 1 $365,000 $365,000 $11,889 3.25%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $365,000 $365,000 $21,777 4.99%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $355,000 $355,000 $17,104 6.75%
RENO, NV (FHA|USDA|VA) 1 $355,000 $355,000 $18,342 6.63%
OCALA, FL (FHA|USDA|VA) 1 $355,000 $355,000 $7,594 5.63%
SAVANNAH, GA (FHA|USDA|VA) 2 $350,000 $175,000 $8,321 4.13%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $345,000 $345,000 $20,704 6.50%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $345,000 $345,000 $17,199 6.75%
ALBANY, GA (FHA|USDA|VA) 1 $335,000 $335,000 $14,498 4.75%
Vicksburg, MS (FHA|USDA|VA) 2 $330,000 $165,000 $0 7.64%
MOBILE, AL (FHA|USDA|VA) 1 $325,000 $325,000 $13,157 4.75%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $315,000 $315,000 $16,911 3.99%
TULSA, OK (FHA|USDA|VA) 1 $315,000 $315,000 $14,098 4.88%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $315,000 $315,000 $14,885 5.63%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $315,000 $315,000 $14,294 3.75%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $315,000 $315,000 $15,157 5.13%
Columbus, MS (FHA|USDA|VA) 2 $310,000 $155,000 $5,369 4.38%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $305,000 $305,000 $16,907 5.00%
Aberdeen, WA (FHA|USDA|VA) 1 $305,000 $305,000 $15,956 6.75%
LAWRENCE, KS (FHA|USDA|VA) 1 $295,000 $295,000 $15,564 4.00%
FLINT, MI (FHA|USDA|VA) 1 $295,000 $295,000 $15,483 5.62%
Cornelia, GA (FHA|USDA|VA) 1 $295,000 $295,000 $14,308 6.63%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $295,000 $295,000 $12,941 4.50%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $285,000 $285,000 $17,500 6.75%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $285,000 $285,000 $15,577 4.88%
Lexington, NE (FHA|USDA|VA) 1 $275,000 $275,000 $11,641 5.63%
ANN ARBOR, MI (FHA|USDA|VA) 1 $275,000 $275,000 $19,779 4.63%
JACKSON, TN (FHA|USDA|VA) 1 $275,000 $275,000 $11,814 5.63%
Jesup, GA (FHA|USDA|VA) 1 $275,000 $275,000 $11,961 5.13%
MANSFIELD, OH (FHA|USDA|VA) 1 $275,000 $275,000 $12,126 3.50%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $265,000 $265,000 $15,814 6.88%
Keene, NH (FHA|USDA|VA) 1 $265,000 $265,000 $8,443 3.25%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $265,000 $265,000 $13,790 6.13%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $255,000 $255,000 $17,412 4.75%
DOTHAN, AL (FHA|USDA|VA) 1 $245,000 $245,000 $4,069 5.50%
Outside of Metro Areas 1 $245,000 $245,000 $13,970 3.87%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $245,000 $245,000 $8,952 3.63%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $245,000 $245,000 $14,264 5.49%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $245,000 $245,000 $14,925 5.75%
Milledgeville, GA (FHA|USDA|VA) 1 $235,000 $235,000 $11,612 3.38%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $235,000 $235,000 $13,603 5.25%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $235,000 $235,000 $13,135 5.62%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $225,000 $225,000 $12,254 6.13%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $215,000 $215,000 $14,001 5.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $215,000 $215,000 $15,666 4.50%
BOISE CITY, ID (FHA|USDA|VA) 1 $215,000 $215,000 $10,195 3.63%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $215,000 $215,000 $12,434 5.49%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $215,000 $215,000 $6,764 7.63%
DuBois, PA (FHA|USDA|VA) 1 $205,000 $205,000 $18,370 4.50%
Opelousas, LA (FHA|USDA|VA) 1 $205,000 $205,000 $10,262 5.63%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $205,000 $205,000 $8,571 5.63%
COLUMBIA, SC (FHA|USDA|VA) 1 $205,000 $205,000 $8,079 4.50%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $195,000 $195,000 $10,922 3.75%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $195,000 $195,000 $7,400 3.75%
VALDOSTA, GA (FHA|USDA|VA) 1 $195,000 $195,000 $8,355 5.63%
CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $195,000 $195,000 $6,819 3.63%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $185,000 $185,000 $7,234 4.99%
Dodge City, KS (FHA|USDA|VA) 1 $185,000 $185,000 $7,077 5.63%
Grenada, MS (FHA|USDA|VA) 1 $185,000 $185,000 $10,348 4.63%
Bay City, TX (FHA|USDA|VA) 1 $185,000 $185,000 $10,103 4.88%
JACKSON, MI (FHA|USDA|VA) 1 $185,000 $185,000 $7,017 5.12%
Magnolia, AR (FHA|USDA|VA) 1 $185,000 $185,000 $8,655 6.13%
Greensburg, IN (FHA|USDA|VA) 1 $185,000 $185,000 $8,600 5.13%
DALTON, GA (FHA|USDA|VA) 1 $175,000 $175,000 $7,693 4.00%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $175,000 $175,000 $8,645 3.88%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $175,000 $175,000 $8,648 6.75%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $175,000 $175,000 $8,312 4.00%
LEWISTON, ID-WA (FHA|USDA|VA) 1 $165,000 $165,000 $11,829 4.75%
FLORENCE, SC (FHA|USDA|VA) 1 $165,000 $165,000 $4,512 4.50%
STAUNTON, VA (FHA|USDA|VA) 1 $165,000 $165,000 $9,579 4.88%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $155,000 $155,000 $10,170 4.75%
MADISON, WI (FHA|USDA|VA) 1 $155,000 $155,000 $6,108 4.00%
READING, PA (FHA|USDA|VA) 1 $155,000 $155,000 $6,960 5.63%
Meridian, MS (FHA|USDA|VA) 1 $155,000 $155,000 $6,823 3.88%
Gaffney, SC (FHA|USDA|VA) 1 $155,000 $155,000 $7,656 4.38%
Thomaston, GA (FHA|USDA|VA) 1 $155,000 $155,000 $12,472 5.99%
Bluffton, IN (FHA|USDA|VA) 1 $155,000 $155,000 $9,119 4.88%
Helena, MT (FHA|USDA|VA) 1 $145,000 $145,000 $10,232 6.13%
LAS CRUCES, NM (FHA|USDA|VA) 1 $145,000 $145,000 $7,965 5.50%
Elizabeth City, NC (FHA|USDA|VA) 1 $145,000 $145,000 $7,458 4.62%
MONTGOMERY, AL (FHA|USDA|VA) 1 $145,000 $145,000 $6,785 3.75%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $145,000 $145,000 $9,371 6.25%
Coos Bay, OR (FHA|USDA|VA) 1 $145,000 $145,000 $11,779 6.00%
Laurel, MS (FHA|USDA|VA) 2 $140,000 $70,000 $0 8.49%
GRAND FORKS, ND-MN (FHA|USDA|VA) 1 $135,000 $135,000 $7,371 3.75%
CHARLESTON, WV (FHA|USDA|VA) 1 $125,000 $125,000 $7,781 5.62%
TOPEKA, KS (FHA|USDA|VA) 1 $125,000 $125,000 $7,978 4.63%
Statesboro, GA (FHA|USDA|VA) 1 $105,000 $105,000 $8,520 6.75%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $105,000 $105,000 $7,957 5.63%
LAFAYETTE, LA (FHA|USDA|VA) 1 $105,000 $105,000 $6,789 5.63%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $95,000 $95,000 $7,550 4.99%
Price, UT (FHA|USDA|VA) 1 $95,000 $95,000 $7,252 4.63%
JOPLIN, MO (FHA|USDA|VA) 1 $65,000 $65,000 $6,844 6.99%
Indianola, MS (FHA|USDA|VA) 1 $55,000 $55,000 $5,304 5.63%
Peoples Bank's top markets include Jackson, Atlanta, Hattiesburg, New York, and Chicago among others.

Their top states include:
  • Mississippi (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 244 $64,280,000 $263,443 $13,301 5.00%
    Conventional 141 $25,005,000 $177,340 $4,595 6.74%
    VA 36 $12,650,000 $351,389 $14,133 4.92%
    USDA 3 $615,000 $205,000 $9,287 6.63%

    For 2022, Peoples Bank's most frequently originated type of loan was FHA, with 244 originations. Their 2nd most popular type was Conventional, with 141 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 219 $54,855,000 $250,479 $11,240 5.65%
    Cash Out Refi 149 $40,675,000 $272,987 $13,389 4.89%
    Refi 43 $6,235,000 $145,000 $5,274 6.93%
    Home Improvement 9 $575,000 $63,889 $2,964 7.92%
    Other 4 $210,000 $52,500 $2,340 7.91%

    For 2022, Peoples Bank's most frequently cited loan purpose was Home Purchase, with 219 originations. The 2nd most popular reason was Cash Out Refi, with 149 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 310 $87,370,000 $281,839 $12,749 5.02%
    15 Year 55 $6,065,000 $110,273 $2,200 7.35%
    Other 18 $3,840,000 $213,333 $4,203 7.42%
    20 Year 18 $3,870,000 $215,000 $7,230 5.51%
    10 Year 13 $815,000 $62,692 $1,234 7.47%
    5 Year 5 $335,000 $67,000 $3,239 7.95%
    1 Year 4 $240,000 $60,000 $0 6.45%
    3 Year 1 $15,000 $15,000 $0 10.48%

    For 2022, Peoples Bank's most frequently cited loan duration was 30 Year, with 310 originations. The 2nd most popular length was 15 Year, with 55 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 180 $59,780,000 $332,111
    $<1k 38 $3,930,000 $103,421
    $3k-4k 38 $6,950,000 $182,895
    $4k-5k 38 $7,870,000 $207,105
    $2k-3k 36 $7,320,000 $203,333
    $1k-2k 31 $7,835,000 $252,742

    Peoples Bank's average total fees were $12,749, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 180 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 127 $35,325,000 $278,150
    4-5% 116 $32,920,000 $283,793
    3-4% 71 $18,235,000 $256,831
    6-7% 51 $10,945,000 $214,608
    Over 8% 32 $1,530,000 $47,813
    7-8% 26 $3,420,000 $131,538
    2.5-3% 1 $175,000 $175,000

    During 2022, Peoples Bank's average interest rate for loans was 5.02%, while their most frequently originated rate bucket for loans was 5-6%, with 127 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 168 $47,820,000 $284,643 $12,862 5.17%
    $100k-200k 119 $18,025,000 $151,471 $7,845 5.15%
    $100,000 or less 75 $4,015,000 $53,533 $2,491 7.72%
    $400k-600k 50 $23,080,000 $461,600 $19,455 4.96%
    $600k-1MM 11 $7,285,000 $662,273 $19,811 4.75%
    $1MM+ 1 $2,325,000 $2,325,000 $0 5.50%

    2022 saw Peoples Bank place emphasis on $200k-400k loans with 168 originations, totaling $47,820,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 104 $29,570,000 $284,327 $13,585 5.37%
    $75k-100k 88 $20,000,000 $227,273 $11,172 5.39%
    $50k-75k 85 $14,185,000 $166,882 $8,730 5.71%
    $150k-250k 69 $24,945,000 $361,522 $15,638 5.30%
    $50k or less 46 $4,110,000 $89,348 $5,865 6.42%
    $250k+ 15 $4,715,000 $314,333 $13,232 5.64%

    Peoples Bank lent most frequently to those with incomes in the $100k-150k range, with 104 originations. The second most popular income band? $75k-100k, with 88 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 106 $23,290,000 $219,717 $10,404 5.49%
    30-36% 75 $20,305,000 $270,733 $12,519 5.34%
    <20% 44 $6,880,000 $156,364 $8,770 6.24%
    42% 21 $4,785,000 $227,857 $9,419 5.92%
    49% 18 $5,870,000 $326,111 $15,559 5.33%
    36% 15 $3,775,000 $251,667 $8,233 5.26%
    41% 15 $3,845,000 $256,333 $11,549 5.16%
    43% 14 $3,380,000 $241,429 $10,590 6.22%
    38% 14 $3,650,000 $260,714 $10,787 5.55%
    40% 12 $3,880,000 $323,333 $15,114 4.96%
    44% 12 $3,050,000 $254,167 $11,619 5.07%
    37% 10 $1,800,000 $180,000 $11,274 5.70%
    39% 10 $2,700,000 $270,000 $14,314 5.52%
    46% 10 $2,810,000 $281,000 $14,388 6.18%
    50-60% 9 $2,055,000 $228,333 $11,419 6.27%
    47% 8 $2,370,000 $296,250 $11,201 4.97%
    48% 7 $1,975,000 $282,143 $19,248 5.23%
    45% 6 $1,480,000 $246,667 $11,912 5.27%
    >60% 2 $270,000 $135,000 $0 5.66%

    Peoples Bank lent most frequently to those with DTI ratios of 20-30%, with 106 originations. The next most common DTI ratio? 30-36%, with 75 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 289 $67,085,000 $232,128 $11,014 5.55%
    Black 82 $18,730,000 $228,415 $11,133 5.90%
    Not provided 21 $5,625,000 $267,857 $13,141 4.95%
    Asian 12 $5,430,000 $452,500 $19,663 5.01%
    Not applicable 14 $3,730,000 $266,429 $0 6.27%
    American Indian 3 $755,000 $251,667 $11,823 4.17%
    Filipino 1 $645,000 $645,000 $9,812 5.50%
    Native Hawaiian or Islander 2 $550,000 $275,000 $13,948 4.50%

    Approval Rates

    Total approvals of all applications
    82.76%

    Peoples Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    68.87%

    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
    NA 424 $102,550,000 $241,863

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    424 $102,550,000 $241,863

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 19 $1,865,000 $98,158 $5,971 6.20%
    40-60% 63 $12,975,000 $205,952 $9,989 5.35%
    60-80% 154 $34,510,000 $224,091 $10,532 5.88%
    80-100% 184 $52,060,000 $282,935 $12,937 5.35%
    Over 100% 3 $1,095,000 $365,000 $20,612 5.25%
    Under 20% 1 $45,000 $45,000 $0 5.29%