People First Mortgage Rates, Fees & Info

Allentown, PA

LEI: 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

185

Origination Dollar Volume (All Markets)

$15,485,000

Top Markets

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  • Leaflet | Map data © OpenStreetMap contributors| Map style: © OpenTopoMap (CC-BY-SA)

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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%
    People First's top markets include Allentown, Reading, New York, and East Stroudsburg among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 68 $7,590,000 $111,618 $0 0.00%
    Home Improvement 57 $1,855,000 $32,544 $0 0.00%
    Other 28 $1,220,000 $43,571 $0 0.00%
    Cash Out Refi 21 $3,145,000 $149,762 $0 0.00%
    Home Purchase 11 $1,675,000 $152,273 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 122 $4,890,000 $40,082 $0 0.00%
    $100k-200k 48 $6,300,000 $131,250 $0 0.00%
    $200k-400k 13 $3,295,000 $253,462 $0 0.00%
    $400k-600k 2 $1,000,000 $500,000 $0 0.00%

    2020 saw People First place emphasis on $100,000 or less loans with 122 originations, totaling $4,890,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 44 $3,300,000 $75,000 $0 0.00%
    $50k-75k 40 $2,860,000 $71,500 $0 0.00%
    $75k-100k 34 $2,920,000 $85,882 $0 0.00%
    $50k or less 28 $1,640,000 $58,571 $0 0.00%
    $150k-250k 16 $750,000 $46,875 $0 0.00%
    $250k+ 4 $470,000 $117,500 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 139 $10,495,000 $75,504 $0 0.00%
    Not applicable 17 $3,105,000 $182,647 $0 0.00%
    Not provided 23 $985,000 $42,826 $0 0.00%
    Black 5 $785,000 $157,000 $0 0.00%
    Asian 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    66.92%

    People First has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    70.81%

    People First has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 185 $15,485,000 $83,703

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $810,000 $405,000
    Single Family (1-4 Units):Site-Built 183 $14,675,000 $80,191