The Peoples State Bank Mortgage Rates, Fees & Info

Ellettsville, IN

LEI: 549300GQOPGZ1DO0MZ49

Tax ID: 35-0576690

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Mortgage Data

Review & Overview

The Peoples State Bank is a smaller bank specializing in Home Purchase and Refi loans. The Peoples State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Bloomington, Indianapolis, Bedford, Warsaw, and Columbus among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Peoples State Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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
30 Year Conventional Purchase 6.70% 3/29/24
30 Year Conventional Refi 6.72% 3/29/24
30 Year Cash-out Refi 6.79% 3/29/24
15 Year Conventional Purchase 6.12% 3/29/24
15 Year Conventional Refi 6.29% 3/29/24
15 Year Cash-out Refi 6.29% 3/29/24
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.

The Peoples State Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from The Peoples State Bank. 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

169

Origination Dollar Volume (All Markets)

$49,855,000

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
BLOOMINGTON, IN (FHA|USDA|VA) 95 $23,775,000 $250,263 $0 0.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 51 $19,895,000 $390,098 $0 0.00%
Bedford, IN (FHA|USDA|VA) 9 $1,765,000 $196,111 $0 0.00%
Outside of Metro Areas 8 $1,590,000 $198,750 $0 0.00%
Warsaw, IN (FHA|USDA|VA) 1 $1,525,000 $1,525,000 $0 0.00%
COLUMBUS, IN (FHA|USDA|VA) 4 $1,120,000 $280,000 $0 0.00%
LOUISVILLE, KY (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
The Peoples State Bank's top markets include Bloomington, Indianapolis, Bedford, Warsaw, and Columbus among others.

Their top states include:
  • Indiana (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against The Peoples State Bank 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
    Conventional 169 $49,855,000 $295,000 $0 0.00%

    For 2023, The Peoples State Bank's most frequently originated type of loan was Conventional, with 169 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 118 $34,870,000 $295,508 $0 0.00%
    Refi 28 $11,180,000 $399,286 $0 0.00%
    Cash Out Refi 19 $2,965,000 $156,053 $0 0.00%
    Home Improvement 4 $840,000 $210,000 $0 0.00%

    For 2023, The Peoples State Bank's most frequently cited loan purpose was Home Purchase, with 118 originations. The 2nd most popular reason was Refi, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 169 $49,855,000 $295,000 $0 0.00%

    For 2023, The Peoples State Bank's most frequently cited loan duration was Other, with 169 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 61 $9,685,000 $158,770 $0 0.00%
    $200k-400k 57 $15,785,000 $276,930 $0 0.00%
    $100,000 or less 22 $1,520,000 $69,091 $0 0.00%
    $400k-600k 17 $7,815,000 $459,706 $0 0.00%
    $600k-1MM 9 $6,745,000 $749,444 $0 0.00%
    $1MM+ 3 $8,305,000 $2,768,333 $0 0.00%

    2023 saw The Peoples State Bank place emphasis on $100k-200k loans with 61 originations, totaling $9,685,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 41 $7,025,000 $171,341 $0 0.00%
    $100k-150k 34 $10,290,000 $302,647 $0 0.00%
    $150k-250k 28 $9,710,000 $346,786 $0 0.00%
    $75k-100k 20 $3,720,000 $186,000 $0 0.00%
    $50k or less 19 $2,505,000 $131,842 $0 0.00%
    $250k+ 9 $6,865,000 $762,778 $0 0.00%

    The Peoples State Bank lent most frequently to those with incomes in the $50k-75k range, with 41 originations. The second most popular income band? $100k-150k, with 34 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 169 $49,855,000 $295,000 $0 0.00%

    The Peoples State Bank lent most frequently to those with DTI ratios of Exempt%, with 169 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 139 $36,075,000 $259,532 $0 0.00%
    Not applicable 14 $8,990,000 $642,143 $0 0.00%
    Asian 9 $2,545,000 $282,778 $0 0.00%
    Not provided 3 $1,215,000 $405,000 $0 0.00%
    Black 4 $1,030,000 $257,500 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.81%

    The Peoples State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.02%

    The Peoples State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 169 $49,855,000 $295,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    169 $49,855,000 $295,000