The Peoples Bank Mortgage Rates, Fees & Info
Chestertown, MDLEI: 5493003XUOO66TL0ZM91
Tax ID: 52-0442310
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Mortgage Data
Review & Overview
The Peoples Bank is a smaller bank specializing in Home Purchase loans. The Peoples Bank has a high proportion of conventional loans. Their top markets by origination volume include: Easton, Baltimore, Philadelphia, North Port, and Cambridge among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)The Peoples Bank has an above 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
46Origination Dollar Volume (All Markets)
$10,920,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 30 | $4,930,000 | $164,333 | $0 | 0.00% |
| Easton, MD (FHA|USDA|VA) | 5 | $2,255,000 | $451,000 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 7 | $1,985,000 | $283,571 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 46 | $10,920,000 | $237,391 | $0 | 0.00% |
For 2019, The Peoples Bank's most frequently originated type of loan was Conventional, with 46 originations.
Loan Reason
For 2019, The Peoples Bank's most frequently cited loan purpose was Home Purchase, with 30 originations. The 2nd most popular reason was Refi, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 46 | $10,920,000 | $237,391 | $0 | 0.00% |
For 2019, The Peoples Bank's most frequently cited loan duration was Other, with 46 originations.
Loan Sizing
2019 saw The Peoples Bank place emphasis on $100k-200k loans with 16 originations, totaling $2,290,000 in origination value.
Applicant Income
The Peoples Bank lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $75k-100k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 46 | $10,920,000 | $237,391 | $0 | 0.00% |
The Peoples Bank lent most frequently to those with DTI ratios of Exempt%, with 46 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.07%
The Peoples Bank has an average approval rate.
Pick Rate
Approvals leading to origination89.13%
The Peoples Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 46 | $10,920,000 | $237,391 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 2 | $90,000 | $45,000 |
| Single Family (1-4 Units):Site-Built | 44 | $10,830,000 | $246,136 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TOP FLITE FINANCIAL INC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
| TOP FLITE FINANCIAL INC | FHA mortgage | Closing on a mortgage | 1 | 33.3% |
| TOP FLITE FINANCIAL INC | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |