Peoplesbank A Codorus Valley Company Mortgage Rates, Fees & Info

York, PA

LEI: 5493008M2HP1C1B9LU12

Tax ID: 23-0962030

5 stars - Updated: 11/17/24 - out of 5 stars, based on 24 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • 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 loans. Peoplesbank A Codorus Valley Company has a high proportion of conventional loans. Their top markets by origination volume include: York, Baltimore, Washington, Gettysburg, and Lancaster among others. We have data for 15 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 an average pick rate when compared to similar lenders. Peoplesbank A Codorus Valley Company is typically an average 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 relatively high 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% 11/17/24
    30 Year Conventional Purchase 6.95% 11/17/24
    30 Year Conventional Refi 6.51% 11/17/24
    30 Year Cash-out Refi 6.88% 11/17/24
    15 Year Conventional Purchase 7.01% 11/17/24
    15 Year Conventional Refi 6.11% 11/17/24
    15 Year Cash-out Refi 6.11% 11/17/24
    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.

    Peoplesbank A Codorus Valley Company Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Peoplesbank A Codorus Valley Company. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    581

    Origination Dollar Volume (All Markets)

    $130,585,000
    Show all (5) awards

    Relative Rate

    Peoplesbank A Codorus Valley Company's average 30 year fixed mortgage rate was 5.8%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of -0.68%.

    Relative Fees (Closing Costs)

    Peoplesbank A Codorus Valley Company's average total fees/closing costs for a 30 year fixed rate mortgage were $5,527.

    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 $9,089.

    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) 406 $75,050,000 $184,852 $5,037 5.39%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 80 $23,210,000 $290,125 $4,861 5.86%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 4 $10,260,000 $2,565,000 $3,748 6.12%
    GETTYSBURG, PA (FHA|USDA|VA) 43 $9,565,000 $222,442 $5,312 5.68%
    LANCASTER, PA (FHA|USDA|VA) 15 $3,745,000 $249,667 $9,401 5.65%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 13 $2,015,000 $155,000 $4,280 5.57%
    READING, PA (FHA|USDA|VA) 3 $1,615,000 $538,333 $11,570 5.37%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 6 $1,520,000 $253,333 $3,569 6.39%
    SALISBURY, MD-DE (FHA|USDA|VA) 2 $1,210,000 $605,000 $4,955 6.31%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 4 $860,000 $215,000 $5,213 5.13%
    STATE COLLEGE, PA (FHA|USDA|VA) 1 $515,000 $515,000 $5,195 6.75%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $465,000 $465,000 $4,793 7.13%
    LEBANON, PA (FHA|USDA|VA) 1 $455,000 $455,000 $0 4.49%
    Cambridge, MD (FHA|USDA|VA) 1 $65,000 $65,000 $3,394 6.38%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.49%
    Peoplesbank A Codorus Valley Company's top markets include York, Baltimore, Washington, Gettysburg, and Lancaster among others.

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

    The Glen Burnie Mutual Savings Bank
    Similarity Rank: 17
    Republic Bank
    Similarity Rank: 21
    ACNB Bank
    Similarity Rank: 112
    FIRST FINANCIAL OF MARYLAND
    Similarity Rank: 117
    County Savings Bank
    Similarity Rank: 135
    Farmers and Merchants Trust Company of Chambersburg
    Similarity Rank: 144
    Columbia Bank
    Similarity Rank: 156
    POINT BREEZE
    Similarity Rank: 160
    DEL-ONE FEDERAL CREDIT UNION
    Similarity Rank: 438
    Dover Federal Credit Union
    Similarity Rank: 506

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 301 $34,835,000 $115,731 n/a 4.80%
    Conventional 280 $95,750,000 $341,964 $5,066 6.26%

    For 2023, Peoplesbank A Codorus Valley Company's most frequently originated type of loan was HELOC, with 301 originations. Their 2nd most popular type was Conventional, with 280 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 247 $85,395,000 $345,729 $5,123 6.20%
    Refi 126 $17,690,000 $140,397 $4,465 5.07%
    Other 103 $11,445,000 $111,117 $2,747 4.67%
    Home Improvement 87 $10,735,000 $123,391 $550 5.09%
    Cash Out Refi 18 $5,320,000 $295,556 $5,045 5.90%

    For 2023, Peoplesbank A Codorus Valley Company's most frequently cited loan purpose was Home Purchase, with 247 originations. The 2nd most popular reason was Refi, with 126 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 305 $45,355,000 $148,705 $0 4.83%
    30 Year 172 $46,960,000 $273,023 $5,527 5.80%
    5 Year 38 $9,020,000 $237,368 $0 7.38%
    30+ year 25 $14,865,000 $594,600 $6,166 5.88%
    15 Year 25 $975,000 $39,000 $810 6.89%
    1 Year 10 $1,610,000 $161,000 $0 8.73%
    10 Year 4 $11,200,000 $2,800,000 $0 7.15%
    3 Year 1 $245,000 $245,000 $0 7.77%
    20 Year 1 $355,000 $355,000 $4,704 5.50%

    For 2023, Peoplesbank A Codorus Valley Company's most frequently cited loan duration was Other, with 305 originations. The 2nd most popular length was 30 Year, with 172 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 116 $30,410,000 $262,155
    $3k-4k 39 $10,245,000 $262,692
    $1k-2k 24 $5,720,000 $238,333
    $2k-3k 19 $4,535,000 $238,684
    $4k-5k 13 $4,525,000 $348,077
    $5k+ 12 $7,720,000 $643,333

    Peoplesbank A Codorus Valley Company's average total fees were $5,527, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 116 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 315 $44,965,000 $142,746
    7-8% 79 $20,295,000 $256,899
    5-6% 78 $35,830,000 $459,359
    6-7% 63 $23,615,000 $374,841
    Over 8% 35 $4,275,000 $122,143
    <2.5% 11 $1,605,000 $145,909

    During 2023, Peoplesbank A Codorus Valley Company's average interest rate for loans was 5.80%, while their most frequently originated rate bucket for loans was 4-5%, with 315 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 193 $9,785,000 $50,699 $876 5.37%
    $200k-400k 180 $48,150,000 $267,500 $5,809 5.50%
    $100k-200k 160 $22,490,000 $140,563 $4,641 5.51%
    $400k-600k 31 $14,715,000 $474,677 $6,563 5.97%
    $1MM+ 10 $30,260,000 $3,026,000 $10,923 6.65%
    $600k-1MM 7 $5,185,000 $740,714 $8,296 5.62%

    2023 saw Peoplesbank A Codorus Valley Company place emphasis on $100,000 or less loans with 193 originations, totaling $9,785,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 139 $24,045,000 $172,986 $4,671 5.20%
    $50k-75k 95 $12,915,000 $135,947 $4,873 5.16%
    $150k-250k 94 $24,400,000 $259,574 $6,039 5.20%
    $75k-100k 94 $14,810,000 $157,553 $4,789 5.48%
    $50k or less 51 $4,295,000 $84,216 $3,662 5.16%
    $250k+ 42 $16,420,000 $390,952 $6,247 5.63%

    Peoplesbank A Codorus Valley Company lent most frequently to those with incomes in the $100k-150k range, with 139 originations. The second most popular income band? $50k-75k, with 95 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 114 $17,420,000 $152,807 $5,312 5.08%
    30-36% 103 $17,085,000 $165,874 $4,417 5.20%
    <20% 61 $6,725,000 $110,246 $4,130 5.13%
    44% 37 $4,765,000 $128,784 $5,423 4.94%
    43% 31 $6,495,000 $209,516 $4,269 5.58%
    45% 25 $4,775,000 $191,000 $7,185 5.27%
    41% 22 $5,860,000 $266,364 $5,263 5.64%
    42% 21 $6,135,000 $292,143 $5,678 5.59%
    36% 20 $5,800,000 $290,000 $6,122 5.45%
    40% 19 $3,655,000 $192,368 $4,971 5.69%
    38% 18 $5,670,000 $315,000 $6,995 5.14%
    39% 17 $2,785,000 $163,824 $3,712 5.87%
    37% 17 $5,195,000 $305,588 $4,262 5.35%
    46% 7 $1,495,000 $213,571 $5,698 5.62%
    48% 4 $1,120,000 $280,000 $6,726 5.66%
    49% 4 $2,330,000 $582,500 $5,676 6.88%
    47% 1 $285,000 $285,000 $5,812 5.38%
    >60% 1 $205,000 $205,000 $0 4.49%

    Peoplesbank A Codorus Valley Company lent most frequently to those with DTI ratios of 20-30%, with 114 originations. The next most common DTI ratio? 30-36%, with 103 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 453 $81,555,000 $180,033 $5,075 5.34%
    Not applicable 44 $29,980,000 $681,364 $0 7.50%
    Not provided 49 $9,145,000 $186,633 $4,930 5.27%
    Black 23 $6,405,000 $278,478 $4,729 5.62%
    Asian 9 $2,575,000 $286,111 $6,384 5.12%
    American Indian 3 $925,000 $308,333 $4,957 5.96%

    Approval Rates

    Total approvals of all applications
    85.12%

    Peoplesbank A Codorus Valley Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.19%

    Peoplesbank A Codorus Valley Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 581 $130,585,000 $224,759

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    581 $130,585,000 $224,759

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 104 $13,660,000 $131,346 $3,788 4.87%
    40-60% 76 $13,670,000 $179,868 $5,243 5.40%
    60-80% 99 $44,135,000 $445,808 $6,601 6.08%
    80-100% 200 $55,360,000 $276,800 $5,865 5.46%
    Under 20% 102 $3,760,000 $36,863 $509 5.77%