Peoples Bank Mortgage Rates, Fees & Info
Sheridan, ARLEI: 5493009I5VHHGVFQ1O54
Tax ID: 71-0843443
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Mortgage Data
Review & Overview
Peoples Bank is a smaller bank specializing in Home Purchase and Refi loans. Peoples Bank has a high proportion of conventional loans. Their top markets by origination volume include: Little Rock, Hot Springs, Pine Bluff, and Malvern among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Peoples Bank has an average approval rate when compared to the average across all lenders.
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Originations
34Origination Dollar Volume (All Markets)
$3,040,000Top 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 |
|---|---|---|---|---|---|
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 27 | $2,235,000 | $82,778 | $0 | 0.00% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $200,000 | $100,000 | $0 | 0.00% |
| PINE BLUFF, AR (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 0.00% |
| Malvern, AR (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 34 | $3,040,000 | $89,412 | $0 | 0.00% |
For 2018, Peoples Bank's most frequently originated type of loan was Conventional, with 34 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 20 | $1,970,000 | $98,500 | $0 | 0.00% |
| Refi | 11 | $875,000 | $79,545 | $0 | 0.00% |
| Home Improvement | 3 | $195,000 | $65,000 | $0 | 0.00% |
For 2018, Peoples Bank's most frequently cited loan purpose was Home Purchase, with 20 originations. The 2nd most popular reason was Refi, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 34 | $3,040,000 | $89,412 | $0 | 0.00% |
For 2018, Peoples Bank's most frequently cited loan duration was Other, with 34 originations.
Loan Sizing
2018 saw Peoples Bank place emphasis on $100,000 or less loans with 28 originations, totaling $1,470,000 in origination value.
Applicant Income
Peoples Bank lent most frequently to those with incomes in the $50k-75k range, with 7 originations. The second most popular income band? $50k or less, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 34 | $3,040,000 | $89,412 | $0 | 0.00% |
Peoples Bank lent most frequently to those with DTI ratios of Exempt%, with 34 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 13 | $1,885,000 | $145,000 | $0 | 0.00% |
| White | 21 | $1,155,000 | $55,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications85.00%
Peoples Bank has a below average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 34 | $3,040,000 | $89,412 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 12 | $520,000 | $43,333 |
| Single Family (1-4 Units):Site-Built | 22 | $2,520,000 | $114,545 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Peoples Home Equity, Inc. | Conventional home mortgage | Closing on a mortgage | 2 | 50.0% |
| Peoples Home Equity, Inc. | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
| Peoples Home Equity, Inc. | Other type of mortgage | Closing on a mortgage | 1 | 25.0% |