Peoples Bank Of The South Mortgage Rates, Fees & Info
La Follette, TNLEI: 549300LWR6X0ZAV34H19
Tax ID: 62-0322970
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Peoples Bank Of The South is a smaller bank specializing in Refi and Home Purchase loans. Peoples Bank Of The South has a high proportion of conventional loans. Their top markets by origination volume include: Knoxville, Morristown, Cleveland, Nashville, and Sevierville among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Peoples Bank Of The South 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.
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Originations
251Origination Dollar Volume (All Markets)
$46,435,000Top 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 |
|---|---|---|---|---|---|
| KNOXVILLE, TN (FHA|USDA|VA) | 200 | $36,140,000 | $180,700 | $0 | 0.00% |
| Outside of Metro Areas | 22 | $4,050,000 | $184,091 | $0 | 0.00% |
| MORRISTOWN, TN (FHA|USDA|VA) | 5 | $1,275,000 | $255,000 | $0 | 0.00% |
| CLEVELAND, TN (FHA|USDA|VA) | 7 | $1,235,000 | $176,429 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 5 | $665,000 | $133,000 | $0 | 0.00% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 0.00% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| Athens, TN (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 251 | $46,435,000 | $185,000 | $0 | 0.00% |
For 2024, Peoples Bank Of The South's most frequently originated type of loan was Conventional, with 251 originations.
Loan Reason
For 2024, Peoples Bank Of The South's most frequently cited loan purpose was Refi, with 145 originations. The 2nd most popular reason was Home Purchase, with 56 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 251 | $46,435,000 | $185,000 | $0 | 0.00% |
For 2024, Peoples Bank Of The South's most frequently cited loan duration was Other, with 251 originations.
Loan Sizing
2024 saw Peoples Bank Of The South place emphasis on $100,000 or less loans with 104 originations, totaling $5,030,000 in origination value.
Applicant Income
Peoples Bank Of The South lent most frequently to those with incomes in the $250k+ range, with 46 originations. The second most popular income band? $50k or less, with 44 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 251 | $46,435,000 | $185,000 | $0 | 0.00% |
Peoples Bank Of The South lent most frequently to those with DTI ratios of Exempt%, with 251 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.22%
Peoples Bank Of The South has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination99.20%
Peoples Bank Of The South 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 | 251 | $46,435,000 | $185,000 |