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 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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Originations
156Origination Dollar Volume (All Markets)
$107,960,000Awards
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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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 |
|---|---|---|---|---|---|
| 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% |
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 | 145 | $103,675,000 | $715,000 | $0 | 0.00% |
| FHA | 7 | $2,635,000 | $376,429 | $0 | 0.00% |
| VA | 4 | $1,650,000 | $412,500 | $0 | 0.00% |
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
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 Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 156 | $107,960,000 | $692,051 | $0 | 0.00% |
For 2022, People's Bank Of Commerce's most frequently cited loan duration was Other, with 156 originations.
Loan Sizing
2022 saw People's Bank Of Commerce place emphasis on $200k-400k loans with 69 originations, totaling $20,525,000 in origination value.
Applicant Income
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 |
|---|---|---|---|---|---|
| Exempt% | 156 | $107,960,000 | $692,051 | $0 | 0.00% |
People's Bank Of Commerce lent most frequently to those with DTI ratios of Exempt%, with 156 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.21%
People's Bank Of Commerce has an average approval rate.
Pick Rate
Approvals leading to origination67.31%
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 |
|---|---|---|---|
| Exempt | 156 | $107,960,000 | $692,051 |