People First Mortgage Rates, Fees & Info
Allentown, PALEI: 5493007ZNQ6MSZ2J3966
Tax ID: 23-1381044
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Mortgage Data
Review & Overview
People First is a smaller mortgage company specializing in Refi and Cash Out Refi loans. People First has a high proportion of conventional loans. Their top markets by origination volume include: Allentown, Reading, New York, and East Stroudsburg among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)People First has a below 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
185Origination Dollar Volume (All Markets)
$15,485,000Top Markets
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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 |
---|---|---|---|---|---|
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 175 | $14,545,000 | $83,114 | $0 | 0.00% |
READING, PA (FHA|USDA|VA) | 4 | $290,000 | $72,500 | $0 | 0.00% |
Outside of Metro Areas | 2 | $260,000 | $130,000 | $0 | 0.00% |
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
EAST STROUDSBURG, PA (FHA|USDA|VA) | 3 | $145,000 | $48,333 | $0 | 0.00% |
Their top states include:
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 185 | $15,485,000 | $83,703 | $0 | 0.00% |
For 2020, People First's most frequently originated type of loan was Conventional, with 185 originations.
Loan Reason
For 2020, People First's most frequently cited loan purpose was Refi, with 68 originations. The 2nd most popular reason was Home Improvement, with 57 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Other | 185 | $15,485,000 | $83,703 | $0 | 0.00% |
For 2020, People First's most frequently cited loan duration was Other, with 185 originations.
Loan Sizing
2020 saw People First place emphasis on $100,000 or less loans with 122 originations, totaling $4,890,000 in origination value.
Applicant Income
People First lent most frequently to those with incomes in the $100k-150k range, with 44 originations. The second most popular income band? $50k-75k, with 40 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Exempt% | 185 | $15,485,000 | $83,703 | $0 | 0.00% |
People First lent most frequently to those with DTI ratios of Exempt%, with 185 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications66.92%
People First has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination70.81%
People First has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
Exempt | 185 | $15,485,000 | $83,703 |