Peoplesbank A Codorus Valley Company Mortgage Rates, Fees & Info
York, PALEI: 5493008M2HP1C1B9LU12
Tax ID: 23-0962030
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Mortgage Data
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.
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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
746Origination Dollar Volume (All Markets)
$182,270,000Relative 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% |
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.
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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
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications88.75%
Peoplesbank A Codorus Valley Company has an average approval rate.
Pick Rate
Approvals leading to origination87.94%
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 |