People's Bank Of Commerce Mortgage Rates, Fees & Info
Medford, ORLEI: 549300HVPIN7YD1REF28
Tax ID: 91-1840442
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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. Their top markets by origination volume include: Corvallis, Medford, Salem, Grants Pass, and Roseburg among others. We have data for 6 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
17Origination Dollar Volume (All Markets)
$9,605,000Top 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 |
|---|---|---|---|---|---|
| CORVALLIS, OR (FHA|USDA|VA) | 3 | $2,615,000 | $871,667 | $0 | 0.00% |
| MEDFORD, OR (FHA|USDA|VA) | 6 | $1,950,000 | $325,000 | $0 | 0.00% |
| SALEM, OR (FHA|USDA|VA) | 3 | $1,905,000 | $635,000 | $0 | 0.00% |
| GRANTS PASS, OR (FHA|USDA|VA) | 3 | $1,715,000 | $571,667 | $0 | 0.00% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $875,000 | $875,000 | $0 | 0.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $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 | 17 | $9,605,000 | $565,000 | $0 | 0.00% |
For 2024, People's Bank Of Commerce's most frequently originated type of loan was Conventional, with 17 originations.
Loan Reason
For 2024, People's Bank Of Commerce's most frequently cited loan purpose was Home Purchase, with 10 originations. The 2nd most popular reason was Refi, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 17 | $9,605,000 | $565,000 | $0 | 0.00% |
For 2024, People's Bank Of Commerce's most frequently cited loan duration was Other, with 17 originations.
Loan Sizing
2024 saw People's Bank Of Commerce place emphasis on $400k-600k loans with 7 originations, totaling $3,285,000 in origination value.
Applicant Income
People's Bank Of Commerce lent most frequently to those with incomes in the $150k-250k range, with 2 originations. The second most popular income band? $100k-150k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 17 | $9,605,000 | $565,000 | $0 | 0.00% |
People's Bank Of Commerce lent most frequently to those with DTI ratios of Exempt%, with 17 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 13 | $8,165,000 | $628,077 | $0 | 0.00% |
| White | 4 | $1,440,000 | $360,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications95.00%
People's Bank Of Commerce has an average approval rate.
Pick Rate
Approvals leading to origination88.24%
People's Bank Of Commerce has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 17 | $9,605,000 | $565,000 |