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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    The Peoples Community Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. The Peoples Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Madison, Baraboo, Platteville, Green Bay, and Pensacola among others. We have data for 12 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. The Peoples Community Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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% 4/28/24
    30 Year Conventional Refi 6.19% 4/28/24
    30 Year Cash-out Refi 6.42% 4/28/24
    15 Year Conventional Purchase 6.11% 4/28/24
    15 Year Conventional Refi 5.91% 4/28/24
    15 Year Cash-out Refi 5.91% 4/28/24
    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

    219

    Origination Dollar Volume (All Markets)

    $46,235,000

    Awards

    The Peoples Community Bank 30 Year Conventional Loans bronze The Peoples Community Bank 30 Year Conventional Loans bronze
    Show all (2) awards

    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) 86 $20,660,000 $240,233 $2,639 4.61%
    Outside of Metro Areas 70 $13,340,000 $190,571 $2,151 5.08%
    Baraboo, WI (FHA|USDA|VA) 47 $9,735,000 $207,128 $2,426 4.87%
    Platteville, WI (FHA|USDA|VA) 8 $1,430,000 $178,750 $2,182 5.49%
    GREEN BAY, WI (FHA|USDA|VA) 1 $205,000 $205,000 $4,929 3.88%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $195,000 $195,000 $3,011 3.75%
    APPLETON, WI (FHA|USDA|VA) 1 $165,000 $165,000 $2,661 4.25%
    Stevens Point, WI (FHA|USDA|VA) 1 $165,000 $165,000 $0 6.58%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $145,000 $145,000 $2,992 6.75%
    Whitewater, WI (FHA|USDA|VA) 1 $105,000 $105,000 $411 5.07%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $45,000 $45,000 $1,034 7.53%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $45,000 $45,000 $1,714 6.38%
    The Peoples Community Bank's top markets include Madison, Baraboo, Platteville, Green Bay, and Pensacola among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Illinois (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.

    Landmark Credit Union
    Similarity Rank: 156
    Hometown Bank
    Similarity Rank: 323
    Farmers & Merchants State Bank
    Similarity Rank: 338
    Bank of Sun Prairie
    Similarity Rank: 390
    Bank of Deerfield
    Similarity Rank: 403
    State Bank of Cross Plains
    Similarity Rank: 414
    Starion Bank
    Similarity Rank: 418
    The Park Bank
    Similarity Rank: 484
    DMB Community Bank
    Similarity Rank: 559
    Monona Bank
    Similarity Rank: 611

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 219 $46,235,000 $211,119 $2,403 4.88%

    For 2022, The Peoples Community Bank's most frequently originated type of loan was Conventional, with 219 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 121 $29,025,000 $239,876 $2,785 5.05%
    Cash Out Refi 50 $11,890,000 $237,800 $2,836 4.42%
    Refi 18 $2,690,000 $149,444 $1,594 3.99%
    Home Improvement 17 $1,175,000 $69,118 $728 5.75%
    Other 13 $1,455,000 $111,923 $1,207 5.15%

    For 2022, The Peoples Community Bank's most frequently cited loan purpose was Home Purchase, with 121 originations. The 2nd most popular reason was Cash Out Refi, with 50 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 108 $24,180,000 $223,889 $3,232 4.84%
    Other 65 $10,115,000 $155,615 $950 5.34%
    5 Year 19 $7,025,000 $369,737 $183 5.07%
    15 Year 18 $3,200,000 $177,778 $2,154 3.74%
    20 Year 5 $1,065,000 $213,000 $3,465 3.13%
    10 Year 2 $290,000 $145,000 $2,535 5.19%
    1 Year 1 $355,000 $355,000 $0 4.25%
    3 Year 1 $5,000 $5,000 $261 5.89%

    For 2022, The Peoples Community Bank's most frequently cited loan duration was 30 Year, with 108 originations. The 2nd most popular length was Other, with 65 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 103 $15,035,000 $145,971
    $1k-2k 46 $10,140,000 $220,435
    $2k-3k 18 $5,090,000 $282,778
    $3k-4k 9 $2,305,000 $256,111
    $4k-5k 7 $2,365,000 $337,857
    $5k+ 4 $1,510,000 $377,500

    The Peoples Community Bank's average total fees were $3,232, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 103 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 72 $15,850,000 $220,139
    4-5% 55 $11,365,000 $206,636
    3-4% 50 $11,860,000 $237,200
    6-7% 25 $4,335,000 $173,400
    2.5-3% 8 $1,990,000 $248,750
    7-8% 7 $665,000 $95,000
    Over 8% 1 $35,000 $35,000
    <2.5% 1 $135,000 $135,000

    During 2022, The Peoples Community Bank's average interest rate for loans was 4.84%, while their most frequently originated rate bucket for loans was 5-6%, with 72 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 84 $11,960,000 $142,381 $2,255 4.86%
    $200k-400k 61 $17,075,000 $279,918 $3,222 4.78%
    $100,000 or less 49 $2,635,000 $53,776 $1,087 5.20%
    $400k-600k 15 $7,075,000 $471,667 $2,979 4.69%
    $600k-1MM 9 $6,485,000 $720,556 $4,937 4.28%
    $1MM+ 1 $1,005,000 $1,005,000 $0 5.34%

    2022 saw The Peoples Community Bank place emphasis on $100k-200k loans with 84 originations, totaling $11,960,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 60 $8,550,000 $142,500 $2,298 4.86%
    $100k-150k 40 $8,820,000 $220,500 $2,509 4.86%
    $75k-100k 38 $5,790,000 $152,368 $2,600 5.00%
    $150k-250k 32 $8,610,000 $269,063 $2,550 4.82%
    $50k or less 19 $2,085,000 $109,737 $1,849 4.57%
    $250k+ 18 $6,300,000 $350,000 $2,570 4.86%

    The Peoples Community Bank lent most frequently to those with incomes in the $50k-75k range, with 60 originations. The second most popular income band? $100k-150k, with 40 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 58 $11,700,000 $201,724 $2,255 4.73%
    30-36% 44 $9,730,000 $221,136 $2,679 4.76%
    <20% 28 $4,070,000 $145,357 $1,762 4.90%
    42% 10 $1,980,000 $198,000 $2,591 5.53%
    37% 10 $1,650,000 $165,000 $2,556 4.33%
    39% 8 $1,210,000 $151,250 $2,108 4.86%
    45% 7 $1,535,000 $219,286 $2,478 5.27%
    36% 6 $1,480,000 $246,667 $3,302 4.75%
    38% 6 $1,110,000 $185,000 $2,388 5.26%
    40% 6 $1,080,000 $180,000 $2,735 5.35%
    43% 5 $785,000 $157,000 $2,930 5.05%
    44% 5 $1,315,000 $263,000 $1,489 4.55%
    47% 3 $445,000 $148,333 $3,743 5.79%
    48% 3 $395,000 $131,667 $2,420 4.96%
    41% 2 $470,000 $235,000 $3,066 4.00%
    >60% 2 $760,000 $380,000 $0 4.70%
    49% 2 $200,000 $100,000 $2,393 4.94%
    50-60% 1 $125,000 $125,000 $0 4.00%
    46% 1 $115,000 $115,000 $0 6.13%

    The Peoples Community Bank lent most frequently to those with DTI ratios of 20-30%, with 58 originations. The next most common DTI ratio? 30-36%, with 44 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 201 $39,095,000 $194,502 $2,374 4.86%
    Not applicable 12 $6,080,000 $506,667 $0 5.35%
    Not provided 3 $545,000 $181,667 $2,509 5.08%
    Asian 1 $245,000 $245,000 $3,528 3.88%
    Black 1 $155,000 $155,000 $5,792 4.88%
    American Indian 1 $115,000 $115,000 $2,834 3.00%

    Approval Rates

    Total approvals of all applications
    97.84%

    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
    96.35%

    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
    NA 219 $46,235,000 $211,119

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    219 $46,235,000 $211,119

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 32 $4,150,000 $129,688 $1,266 5.10%
    40-60% 31 $7,395,000 $238,548 $2,074 4.25%
    60-80% 90 $22,860,000 $254,000 $2,981 4.75%
    80-100% 49 $10,905,000 $222,551 $3,101 5.08%
    Under 20% 17 $925,000 $54,412 $584 5.79%