Peoplesbank A Codorus Valley Company Mortgage Rates, Fees & Info

York, PA

LEI: 5493008M2HP1C1B9LU12

Tax ID: 23-0962030

5 stars - out of 5 stars, based on 27 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Peoplesbank A Codorus Valley Company is a smaller bank specializing in Home Purchase and Refi loans. Peoplesbank A Codorus Valley Company has a high proportion of conventional loans. Their top markets by origination volume include: York, Baltimore, Chambersburg, Gettysburg, and Lancaster among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Peoplesbank A Codorus Valley Company 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. Peoplesbank A Codorus Valley Company is typically a low 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 3.93% 3/31/23
    30 Year Conventional Purchase 6.95% 3/31/23
    30 Year Conventional Refi 6.51% 3/31/23
    30 Year Cash-out Refi 6.88% 3/31/23
    15 Year Conventional Purchase 7.01% 3/31/23
    15 Year Conventional Refi 6.11% 3/31/23
    15 Year Cash-out Refi 6.11% 3/31/23
    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.


    Originations

    746

    Origination Dollar Volume (All Markets)

    $182,270,000

    Awards

    PEOPLESBANK A CODORUS VALLEY COMPANY 30 Year Conventional Loans gold PEOPLESBANK A CODORUS VALLEY COMPANY 30 Year Conventional Loans silver
    Show all (2) awards

    Relative Rate

    Peoplesbank A Codorus Valley Company's average 30 year fixed mortgage rate was 5%.

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

    This yields a difference of 0.24%.

    Relative Fees (Closing Costs)

    Peoplesbank A Codorus Valley Company's average total fees/closing costs for a 30 year fixed rate mortgage were $4,462.

    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
    YORK-HANOVER, PA (FHA|USDA|VA) 501 $79,265,000 $158,214 $4,321 3.43%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 130 $64,440,000 $495,692 $4,478 3.31%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 2 $12,810,000 $6,405,000 $0 4.00%
    GETTYSBURG, PA (FHA|USDA|VA) 28 $7,200,000 $257,143 $5,474 4.29%
    LANCASTER, PA (FHA|USDA|VA) 35 $6,425,000 $183,571 $6,485 2.93%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 22 $3,510,000 $159,545 $4,665 4.84%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 7 $2,135,000 $305,000 $5,110 3.71%
    SALISBURY, MD-DE (FHA|USDA|VA) 5 $1,805,000 $361,000 $4,201 5.05%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 5 $1,735,000 $347,000 $5,796 3.50%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 3 $1,215,000 $405,000 $6,215 5.08%
    LEBANON, PA (FHA|USDA|VA) 5 $805,000 $161,000 $8,498 4.02%
    Somerset, PA (FHA|USDA|VA) 1 $655,000 $655,000 $6,666 5.63%
    Huntingdon, PA (FHA|USDA|VA) 1 $235,000 $235,000 $4,015 5.50%
    ALTOONA, PA (FHA|USDA|VA) 1 $35,000 $35,000 $0 1.74%
    Peoplesbank A Codorus Valley Company's top markets include York, Baltimore, Chambersburg, Gettysburg, and Lancaster among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against PEOPLESBANK A CODORUS VALLEY COMPANY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Sail Mortgage Corp.
    Similarity Rank: 210
    Louviers Federal Credit Union
    Similarity Rank: 328
    POINT BREEZE
    Similarity Rank: 540
    BHCU
    Similarity Rank: 728
    Mid-Atlantic Federal Credit Union
    Similarity Rank: 738
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 780
    Congressional Bank
    Similarity Rank: 840
    FEDERATED LENDING CORPORATION
    Similarity Rank: 905
    Farmers and Merchants Trust Company of Chambersburg
    Similarity Rank: 1003
    JAMS-01, INC.
    Similarity Rank: 1008

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 403 $44,355,000 $110,062 n/a 2.24%
    Conventional 343 $137,915,000 $402,085 $4,588 4.96%

    For 2022, Peoplesbank A Codorus Valley Company's most frequently originated type of loan was HELOC, with 403 originations. Their 2nd most popular type was Conventional, with 343 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 260 $90,770,000 $349,115 $4,640 4.98%
    Refi 183 $44,105,000 $241,011 $4,042 3.31%
    Other 138 $14,870,000 $107,754 $5,103 1.97%
    Home Improvement 131 $23,865,000 $182,176 $0 2.23%
    Cash Out Refi 34 $8,660,000 $254,706 $4,477 4.17%

    For 2022, Peoplesbank A Codorus Valley Company's most frequently cited loan purpose was Home Purchase, with 260 originations. The 2nd most popular reason was Refi, with 183 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 409 $62,375,000 $152,506 $4,755 2.27%
    30 Year 168 $40,680,000 $242,143 $4,462 5.00%
    5 Year 71 $36,045,000 $507,676 $0 5.21%
    30+ year 39 $20,605,000 $528,333 $6,296 4.78%
    15 Year 30 $4,940,000 $164,667 $3,137 4.41%
    10 Year 15 $15,405,000 $1,027,000 $0 4.76%
    1 Year 13 $2,025,000 $155,769 $0 5.52%
    20 Year 1 $195,000 $195,000 $2,615 3.13%

    For 2022, Peoplesbank A Codorus Valley Company's most frequently cited loan duration was Other, with 409 originations. The 2nd most popular length was 30 Year, with 168 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 149 $39,835,000 $267,349
    $1k-2k 35 $7,205,000 $205,857
    $2k-3k 22 $5,040,000 $229,091
    $3k-4k 13 $4,715,000 $362,692
    $4k-5k 12 $5,080,000 $423,333
    $5k+ 8 $4,650,000 $581,250

    Peoplesbank A Codorus Valley Company's average total fees were $4,462, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 149 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 345 $37,895,000 $109,841
    4-5% 134 $50,770,000 $378,881
    5-6% 93 $35,725,000 $384,140
    3-4% 92 $44,900,000 $488,043
    6-7% 57 $9,645,000 $169,211
    7-8% 15 $1,345,000 $89,667
    2.5-3% 8 $1,680,000 $210,000
    Over 8% 2 $310,000 $155,000

    During 2022, Peoplesbank A Codorus Valley Company's average interest rate for loans was 5.00%, while their most frequently originated rate bucket for loans was <2.5%, with 345 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 286 $15,860,000 $55,455 $1,401 2.87%
    $100k-200k 233 $33,015,000 $141,695 $3,892 3.60%
    $200k-400k 157 $42,105,000 $268,185 $4,993 4.06%
    $400k-600k 37 $17,535,000 $473,919 $5,769 4.17%
    $600k-1MM 19 $13,055,000 $687,105 $7,877 4.73%
    $1MM+ 14 $60,700,000 $4,335,714 $10,265 4.49%

    2022 saw Peoplesbank A Codorus Valley Company place emphasis on $100,000 or less loans with 286 originations, totaling $15,860,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 161 $27,085,000 $168,230 $4,686 3.13%
    $50k-75k 132 $16,440,000 $124,545 $3,509 3.54%
    $150k-250k 101 $22,615,000 $223,911 $5,175 3.25%
    $75k-100k 90 $11,980,000 $133,111 $4,718 3.04%
    $50k or less 78 $7,240,000 $92,821 $3,212 3.25%
    $250k+ 56 $22,830,000 $407,679 $7,989 2.74%

    Peoplesbank A Codorus Valley Company lent most frequently to those with incomes in the $100k-150k range, with 161 originations. The second most popular income band? $50k-75k, with 132 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 155 $23,275,000 $150,161 $4,431 3.04%
    30-36% 102 $17,740,000 $173,922 $4,060 3.48%
    <20% 90 $14,310,000 $159,000 $6,887 2.39%
    44% 48 $7,380,000 $153,750 $4,399 3.09%
    41% 29 $4,965,000 $171,207 $4,028 3.57%
    42% 26 $6,080,000 $233,846 $4,092 3.95%
    38% 26 $6,990,000 $268,846 $6,157 3.32%
    43% 26 $5,730,000 $220,385 $4,555 3.57%
    45% 24 $3,860,000 $160,833 $4,712 4.09%
    39% 22 $2,640,000 $120,000 $4,607 2.82%
    40% 20 $4,690,000 $234,500 $5,809 3.50%
    37% 18 $2,850,000 $158,333 $3,558 2.97%
    36% 15 $1,745,000 $116,333 $2,943 3.82%
    46% 8 $1,360,000 $170,000 $3,614 3.43%
    47% 7 $2,145,000 $306,429 $4,328 4.75%
    50-60% 6 $1,260,000 $210,000 $4,335 3.68%
    48% 3 $2,125,000 $708,333 $6,562 3.92%
    49% 3 $625,000 $208,333 $4,443 4.71%
    >60% 2 $160,000 $80,000 $0 1.74%

    Peoplesbank A Codorus Valley Company lent most frequently to those with DTI ratios of 20-30%, with 155 originations. The next most common DTI ratio? 30-36%, with 102 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 590 $101,470,000 $171,983 $4,593 3.27%
    Not applicable 85 $67,005,000 $788,294 $0 5.26%
    Not provided 43 $8,145,000 $189,419 $4,186 3.33%
    Asian 12 $2,520,000 $210,000 $5,930 2.96%
    Black 15 $2,025,000 $135,000 $3,884 2.89%
    Asian Indian 1 $1,105,000 $1,105,000 $6,967 4.88%

    Approval Rates

    Total approvals of all applications
    88.75%

    Peoplesbank A Codorus Valley Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.94%

    Peoplesbank A Codorus Valley Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 746 $182,270,000 $244,330

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    746 $182,270,000 $244,330

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 137 $21,375,000 $156,022 $4,053 2.38%
    40-60% 104 $44,000,000 $423,077 $4,340 3.45%
    60-80% 185 $60,435,000 $326,676 $4,776 4.19%
    80-100% 182 $50,220,000 $275,934 $5,393 4.15%
    Under 20% 138 $6,240,000 $45,217 $522 2.83%