People's Bank Of Commerce Mortgage Rates, Fees & Info
Medford, ORLEI: 549300HVPIN7YD1REF28
Tax ID: 91-1840442
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Mortgage Data
Review & Overview
People's Bank Of Commerce is a smaller bank specializing in Home Purchase loans. People's Bank Of Commerce has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Medford, Eugene, Salem, Corvallis, and Grants Pass among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)People's Bank Of Commerce 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.
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Originations
136Origination Dollar Volume (All Markets)
$65,550,000Top 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 |
|---|---|---|---|---|---|
| MEDFORD, OR (FHA|USDA|VA) | 55 | $25,635,000 | $466,091 | $0 | 0.00% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 20 | $12,090,000 | $604,500 | $0 | 0.00% |
| SALEM, OR (FHA|USDA|VA) | 12 | $8,090,000 | $674,167 | $0 | 0.00% |
| CORVALLIS, OR (FHA|USDA|VA) | 7 | $4,755,000 | $679,286 | $0 | 0.00% |
| GRANTS PASS, OR (FHA|USDA|VA) | 16 | $4,750,000 | $296,875 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $1,840,000 | $920,000 | $0 | 0.00% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 5 | $1,595,000 | $319,000 | $0 | 0.00% |
| Roseburg, OR (FHA|USDA|VA) | 5 | $1,545,000 | $309,000 | $0 | 0.00% |
| Brookings, OR (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $0 | 0.00% |
| Klamath Falls, OR (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $0 | 0.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $0 | 0.00% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| Newport, OR (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| BEND, OR (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against People's Bank of Commerce 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 | 118 | $58,600,000 | $496,610 | $0 | 0.00% |
| FHA | 15 | $5,335,000 | $355,667 | $0 | 0.00% |
| VA | 3 | $1,615,000 | $538,333 | $0 | 0.00% |
For 2023, People's Bank Of Commerce's most frequently originated type of loan was Conventional, with 118 originations. Their 2nd most popular type was FHA, with 15 originations.
Loan Reason
For 2023, People's Bank Of Commerce's most frequently cited loan purpose was Home Purchase, with 109 originations. The 2nd most popular reason was Cash Out Refi, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 136 | $65,550,000 | $481,985 | $0 | 0.00% |
For 2023, People's Bank Of Commerce's most frequently cited loan duration was Other, with 136 originations.
Loan Sizing
2023 saw People's Bank Of Commerce place emphasis on $200k-400k loans with 60 originations, totaling $18,030,000 in origination value.
Applicant Income
People's Bank Of Commerce lent most frequently to those with incomes in the $100k-150k range, with 36 originations. The second most popular income band? $150k-250k, with 26 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 136 | $65,550,000 | $481,985 | $0 | 0.00% |
People's Bank Of Commerce lent most frequently to those with DTI ratios of Exempt%, with 136 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.29%
People's Bank Of Commerce has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination76.47%
People's Bank Of Commerce has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 136 | $65,550,000 | $481,985 |