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, Philadelphia, East Stroudsburg, and North Port among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

People First 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.

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Originations

470

Origination Dollar Volume (All Markets)

$50,240,000

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
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 436 $46,830,000 $107,408 $0 0.00%
READING, PA (FHA|USDA|VA) 11 $855,000 $77,727 $0 0.00%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 6 $800,000 $133,333 $0 0.00%
EAST STROUDSBURG, PA (FHA|USDA|VA) 7 $755,000 $107,857 $0 0.00%
Outside of Metro Areas 4 $520,000 $130,000 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
Pottsville, PA (FHA|USDA|VA) 3 $115,000 $38,333 $0 0.00%
LANCASTER, PA (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
People First's top markets include Allentown, Reading, Philadelphia, East Stroudsburg, and North Port among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 470 $50,240,000 $106,894 $0 0.00%

    For 2021, People First's most frequently originated type of loan was Conventional, with 470 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 176 $21,990,000 $124,943 $0 0.00%
    Home Improvement 109 $4,365,000 $40,046 $0 0.00%
    Cash Out Refi 77 $12,965,000 $168,377 $0 0.00%
    Other 69 $4,565,000 $66,159 $0 0.00%
    Home Purchase 39 $6,355,000 $162,949 $0 0.00%

    For 2021, People First's most frequently cited loan purpose was Refi, with 176 originations. The 2nd most popular reason was Home Improvement, with 109 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 470 $50,240,000 $106,894 $0 0.00%

    For 2021, People First's most frequently cited loan duration was Other, with 470 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 272 $12,420,000 $45,662 $0 0.00%
    $100k-200k 142 $20,710,000 $145,845 $0 0.00%
    $200k-400k 52 $12,880,000 $247,692 $0 0.00%
    $1MM+ 2 $2,840,000 $1,420,000 $0 0.00%
    $600k-1MM 2 $1,390,000 $695,000 $0 0.00%

    2021 saw People First place emphasis on $100,000 or less loans with 272 originations, totaling $12,420,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 123 $11,625,000 $94,512 $0 0.00%
    $100k-150k 99 $10,385,000 $104,899 $0 0.00%
    $75k-100k 97 $8,515,000 $87,784 $0 0.00%
    $50k or less 69 $5,965,000 $86,449 $0 0.00%
    $150k-250k 41 $4,005,000 $97,683 $0 0.00%
    $250k+ 10 $1,540,000 $154,000 $0 0.00%

    People First lent most frequently to those with incomes in the $50k-75k range, with 123 originations. The second most popular income band? $100k-150k, with 99 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 470 $50,240,000 $106,894 $0 0.00%

    People First lent most frequently to those with DTI ratios of Exempt%, with 470 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 327 $31,325,000 $95,795 $0 0.00%
    Not applicable 31 $8,205,000 $264,677 $0 0.00%
    Not provided 79 $6,625,000 $83,861 $0 0.00%
    Black 16 $2,040,000 $127,500 $0 0.00%
    Asian 8 $1,400,000 $175,000 $0 0.00%
    Native Hawaiian or Islander 4 $370,000 $92,500 $0 0.00%
    American Indian 4 $180,000 $45,000 $0 0.00%
    Other Asian 1 $95,000 $95,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    81.11%

    People First has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    87.87%

    People First has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 470 $50,240,000 $106,894

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    470 $50,240,000 $106,894