People's Bank Of Commerce Mortgage Rates, Fees & InfoMedford, OR
Tax ID: 91-1840442
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewPeople's Bank Of Commerce is a smaller bank specializing in Home Purchase and Cash Out Refi loans. People's Bank Of Commerce has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Medford, Salem, Grants Pass, Bend, and Albany among others. We have data for 13 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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Origination Dollar Volume (All Markets)$107,960,000
People's Bank of Commerce - 2022
People's Bank of Commerce is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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)||100||$48,220,000||$482,200||$0||0.00%|
|SALEM, OR (FHA|USDA|VA)||12||$39,450,000||$3,287,500||$0||0.00%|
|GRANTS PASS, OR (FHA|USDA|VA)||17||$6,435,000||$378,529||$0||0.00%|
|BEND, OR (FHA|USDA|VA)||2||$4,320,000||$2,160,000||$0||0.00%|
|ALBANY-LEBANON, OR (FHA|USDA|VA)||7||$3,205,000||$457,857||$0||0.00%|
|PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA)||4||$1,540,000||$385,000||$0||0.00%|
|Klamath Falls, OR (FHA|USDA|VA)||6||$1,340,000||$223,333||$0||0.00%|
|Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA)||2||$1,170,000||$585,000||$0||0.00%|
|Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA)||2||$980,000||$490,000||$0||0.00%|
|Outside of Metro Areas||1||$425,000||$425,000||$0||0.00%|
|PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA)||1||$335,000||$335,000||$0||0.00%|
|EUGENE-SPRINGFIELD, OR (FHA|USDA|VA)||1||$325,000||$325,000||$0||0.00%|
|Newport, OR (FHA|USDA|VA)||1||$215,000||$215,000||$0||0.00%|
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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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, People's Bank Of Commerce's most frequently originated type of loan was Conventional, with 145 originations. Their 2nd most popular type was FHA, with 7 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||39||$22,255,000||$570,641||$0||0.00%|
For 2022, People's Bank Of Commerce's most frequently cited loan purpose was Home Purchase, with 100 originations. The 2nd most popular reason was Cash Out Refi, with 39 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, People's Bank Of Commerce's most frequently cited loan duration was Other, with 156 originations.
2022 saw People's Bank Of Commerce place emphasis on $200k-400k loans with 69 originations, totaling $20,525,000 in origination value.
People's Bank Of Commerce lent most frequently to those with incomes in the $100k-150k range, with 30 originations. The second most popular income band? $150k-250k, with 30 originations.
Applicant Debt to Income Ratio
|DTI Ratio||Originations||Total Value||Average Loan||Average Fees||Average Rate|
People's Bank Of Commerce lent most frequently to those with DTI ratios of Exempt%, with 156 originations.
Approval RatesTotal approvals of all applications
People's Bank Of Commerce has an average approval rate.
Pick RateApprovals leading to origination
People's Bank Of Commerce has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
|Points||Originations||Total Value||Average Loan|