The Peoples Community Bank Mortgage Rates, Fees & Info

Mazomanie, WI

LEI: 549300HWFLUA8V78OT27

Tax ID: 39-0532600

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

The Peoples Community Bank is a smaller bank specializing in Home Purchase loans. The Peoples Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Madison, Baraboo, Platteville, Watertown, and Chattanooga among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Peoples Community Bank has an above average approval rate when compared to the average across all lenders. They have an above 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.49% 12/16/24
30 Year Conventional Refi 6.19% 12/16/24
30 Year Cash-out Refi 6.42% 12/16/24
15 Year Conventional Purchase 6.11% 12/16/24
15 Year Conventional Refi 5.91% 12/16/24
15 Year Cash-out Refi 5.91% 12/16/24
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 Community 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 Community 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

160

Origination Dollar Volume (All Markets)

$31,700,000

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
MADISON, WI (FHA|USDA|VA) 68 $14,660,000 $215,588 $0 0.00%
Outside of Metro Areas 55 $10,175,000 $185,000 $0 0.00%
Baraboo, WI (FHA|USDA|VA) 29 $5,215,000 $179,828 $0 0.00%
Platteville, WI (FHA|USDA|VA) 2 $470,000 $235,000 $0 0.00%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 2 $430,000 $215,000 $0 0.00%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
TUCSON, AZ (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
APPLETON, WI (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
The Peoples Community Bank's top markets include Madison, Baraboo, Platteville, Watertown, and Chattanooga among others.

Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against The Peoples Community Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Starion Bank
    Similarity Rank: 147
    Heartland Credit Union (Madison)
    Similarity Rank: 270
    Bank of Sun Prairie
    Similarity Rank: 270
    Mound City Bank
    Similarity Rank: 286
    State Bank of Cross Plains
    Similarity Rank: 364
    The Park Bank
    Similarity Rank: 396
    Settlers Bank
    Similarity Rank: 490
    Oregon Community Bank
    Similarity Rank: 767
    The Bank of New Glarus
    Similarity Rank: 820

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 160 $31,700,000 $198,125 $0 0.00%

    For 2023, The Peoples Community Bank's most frequently originated type of loan was Conventional, with 160 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 103 $26,695,000 $259,175 $0 0.00%
    Cash Out Refi 17 $2,015,000 $118,529 $0 0.00%
    Home Improvement 15 $1,055,000 $70,333 $0 0.00%
    Other 14 $960,000 $68,571 $0 0.00%
    Refi 11 $975,000 $88,636 $0 0.00%

    For 2023, The Peoples Community Bank's most frequently cited loan purpose was Home Purchase, with 103 originations. The 2nd most popular reason was Cash Out Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 160 $31,700,000 $198,125 $0 0.00%

    For 2023, The Peoples Community Bank's most frequently cited loan duration was Other, with 160 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 52 $2,460,000 $47,308 $0 0.00%
    $200k-400k 48 $14,130,000 $294,375 $0 0.00%
    $100k-200k 44 $6,380,000 $145,000 $0 0.00%
    $400k-600k 13 $6,235,000 $479,615 $0 0.00%
    $600k-1MM 2 $1,380,000 $690,000 $0 0.00%
    $1MM+ 1 $1,115,000 $1,115,000 $0 0.00%

    2023 saw The Peoples Community Bank place emphasis on $100,000 or less loans with 52 originations, totaling $2,460,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 40 $9,170,000 $229,250 $0 0.00%
    $150k-250k 30 $8,040,000 $268,000 $0 0.00%
    $75k-100k 30 $4,710,000 $157,000 $0 0.00%
    $50k-75k 24 $3,020,000 $125,833 $0 0.00%
    $50k or less 23 $1,475,000 $64,130 $0 0.00%
    $250k+ 5 $3,385,000 $677,000 $0 0.00%

    The Peoples Community Bank lent most frequently to those with incomes in the $100k-150k range, with 40 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% 160 $31,700,000 $198,125 $0 0.00%

    The Peoples Community Bank lent most frequently to those with DTI ratios of Exempt%, with 160 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 148 $28,530,000 $192,770 $0 0.00%
    Not applicable 8 $1,900,000 $237,500 $0 0.00%
    American Indian 2 $810,000 $405,000 $0 0.00%
    Not provided 2 $460,000 $230,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.22%

    The Peoples Community Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    96.88%

    The Peoples Community Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 160 $31,700,000 $198,125

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    160 $31,700,000 $198,125