Peoples National Bank Of Kewanee Mortgage Rates, Fees & Info

Kewanee, IL

LEI: 549300K35KPBBS2J9A28

Tax ID: 36-1614225

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Mortgage Data

Review & Overview

Peoples National Bank Of Kewanee is a smaller bank specializing in Home Purchase and Refi loans. Peoples National Bank Of Kewanee has a high proportion of conventional loans. Their top markets by origination volume include: Ottawa, Davenport, Pontiac, Sterling, and Peoria among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Peoples National Bank Of Kewanee has an 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

53

Origination Dollar Volume (All Markets)

$4,825,000

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
Ottawa, IL (FHA|USDA|VA) 9 $1,095,000 $121,667 $0 0.00%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 20 $1,040,000 $52,000 $0 0.00%
Pontiac, IL (FHA|USDA|VA) 8 $920,000 $115,000 $0 0.00%
Sterling, IL (FHA|USDA|VA) 7 $535,000 $76,429 $0 0.00%
PEORIA, IL (FHA|USDA|VA) 4 $470,000 $117,500 $0 0.00%
Outside of Metro Areas 1 $255,000 $255,000 $0 0.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
KANKAKEE, IL (FHA|USDA|VA) 2 $150,000 $75,000 $0 0.00%
Peoples National Bank Of Kewanee's top markets include Ottawa, Davenport, Pontiac, Sterling, and Peoria among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 53 $4,825,000 $91,038 $0 0.00%

    For 2023, Peoples National Bank Of Kewanee's most frequently originated type of loan was Conventional, with 53 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 27 $2,465,000 $91,296 $0 0.00%
    Refi 11 $1,155,000 $105,000 $0 0.00%
    Home Improvement 10 $820,000 $82,000 $0 0.00%
    Other 5 $385,000 $77,000 $0 0.00%

    For 2023, Peoples National Bank Of Kewanee's most frequently cited loan purpose was Home Purchase, with 27 originations. The 2nd most popular reason was Refi, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 53 $4,825,000 $91,038 $0 0.00%

    For 2023, Peoples National Bank Of Kewanee's most frequently cited loan duration was Other, with 53 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 37 $1,835,000 $49,595 $0 0.00%
    $100k-200k 11 $1,685,000 $153,182 $0 0.00%
    $200k-400k 5 $1,305,000 $261,000 $0 0.00%

    2023 saw Peoples National Bank Of Kewanee place emphasis on $100,000 or less loans with 37 originations, totaling $1,835,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 13 $1,145,000 $88,077 $0 0.00%
    $100k-150k 10 $1,050,000 $105,000 $0 0.00%
    $50k-75k 9 $475,000 $52,778 $0 0.00%
    $150k-250k 8 $1,020,000 $127,500 $0 0.00%
    $50k or less 7 $255,000 $36,429 $0 0.00%
    $250k+ 2 $480,000 $240,000 $0 0.00%

    Peoples National Bank Of Kewanee lent most frequently to those with incomes in the $75k-100k range, with 13 originations. The second most popular income band? $100k-150k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 53 $4,825,000 $91,038 $0 0.00%

    Peoples National Bank Of Kewanee lent most frequently to those with DTI ratios of Exempt%, with 53 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 47 $4,285,000 $91,170 $0 0.00%
    Not applicable 3 $325,000 $108,333 $0 0.00%
    Not provided 2 $130,000 $65,000 $0 0.00%
    Black 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    80.49%

    Peoples National Bank Of Kewanee has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    75.47%

    Peoples National Bank Of Kewanee has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 53 $4,825,000 $91,038

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    53 $4,825,000 $91,038