Peoples National Bank Of Kewanee Mortgage Rates, Fees & Info
Kewanee, ILLEI: 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. They have a low ratio of USDA loans. Their top markets by origination volume include: Pontiac, Ottawa, Bloomington, Kankakee, and Davenport 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
38Origination Dollar Volume (All Markets)
$4,330,000Top 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 |
|---|---|---|---|---|---|
| Pontiac, IL (FHA|USDA|VA) | 11 | $1,085,000 | $98,636 | $0 | 0.00% |
| Ottawa, IL (FHA|USDA|VA) | 6 | $700,000 | $116,667 | $0 | 0.00% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $0 | 0.00% |
| KANKAKEE, IL (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $0 | 0.00% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 11 | $595,000 | $54,091 | $0 | 0.00% |
| Galesburg, IL (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 0.00% |
| Sterling, IL (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 0.00% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 37 | $4,275,000 | $115,541 | $0 | 0.00% |
| USDA | 1 | $55,000 | $55,000 | $0 | 0.00% |
For 2019, Peoples National Bank Of Kewanee's most frequently originated type of loan was Conventional, with 37 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2019, Peoples National Bank Of Kewanee's most frequently cited loan purpose was Home Purchase, with 22 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 | 38 | $4,330,000 | $113,947 | $0 | 0.00% |
For 2019, Peoples National Bank Of Kewanee's most frequently cited loan duration was Other, with 38 originations.
Loan Sizing
2019 saw Peoples National Bank Of Kewanee place emphasis on $100,000 or less loans with 23 originations, totaling $1,075,000 in origination value.
Applicant Income
Peoples National Bank Of Kewanee lent most frequently to those with incomes in the $50k-75k range, with 9 originations. The second most popular income band? $100k-150k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 38 | $4,330,000 | $113,947 | $0 | 0.00% |
Peoples National Bank Of Kewanee lent most frequently to those with DTI ratios of Exempt%, with 38 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 37 | $4,305,000 | $116,351 | $0 | 0.00% |
| Not applicable | 1 | $25,000 | $25,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications75.00%
Peoples National Bank Of Kewanee has a below average approval rate.
Pick Rate
Approvals leading to origination73.68%
Peoples National Bank Of Kewanee has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 38 | $4,330,000 | $113,947 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $15,000 | $15,000 |
| Single Family (1-4 Units):Site-Built | 37 | $4,315,000 | $116,622 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Conventional home mortgage | Struggling to pay mortgage | 3 | 21.4% |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Conventional home mortgage | Trouble during payment process | 4 | 28.6% |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 7.1% |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 2 | 14.3% |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 7.1% |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Other type of mortgage | Trouble during payment process | 2 | 14.3% |