Peoples Bank Of The South Mortgage Rates, Fees & Info
La Follette, TNLEI: 549300LWR6X0ZAV34H19
Tax ID: 62-0322970
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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. Peoples Bank Of The South has a low ratio of conventional loans. Their top markets by origination volume include: Knoxville, Miami, Nashville, Morristown, and Johnson City among others. We have data for 13 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.
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.
Originations
261Origination Dollar Volume (All Markets)
$50,065,000Top 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) | 223 | $38,245,000 | $171,502 | $0 | 4.27% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $2,495,000 | $2,495,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 4 | $2,180,000 | $545,000 | $0 | 0.00% |
| Outside of Metro Areas | 15 | $1,745,000 | $116,333 | $0 | 0.00% |
| MORRISTOWN, TN (FHA|USDA|VA) | 3 | $1,385,000 | $461,667 | $0 | 0.00% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $0 | 0.00% |
| CLEVELAND, TN (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $0 | 0.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Big Stone Gap, VA (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 | 260 | $49,700,000 | $191,154 | $0 | 0.00% |
| Conventional | 1 | $365,000 | $365,000 | $0 | 4.27% |
For 2022, Peoples Bank Of The South's most frequently originated type of loan was Conventional, with 260 originations. Their 2nd most popular type was Conventional, with 1 originations.
Loan Reason
For 2022, Peoples Bank Of The South's most frequently cited loan purpose was Refi, with 118 originations. The 2nd most popular reason was Home Purchase, with 93 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 261 | $50,065,000 | $191,820 | $0 | 4.27% |
For 2022, Peoples Bank Of The South's most frequently cited loan duration was Other, with 261 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 1 | $365,000 | $365,000 |
During 2022, Peoples Bank Of The South's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 1 originations.
Loan Sizing
2022 saw Peoples Bank Of The South place emphasis on $100,000 or less loans with 115 originations, totaling $5,505,000 in origination value.
Applicant Income
Peoples Bank Of The South lent most frequently to those with incomes in the $50k or less range, with 55 originations. The second most popular income band? $250k+, with 41 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 260 | $49,700,000 | $191,154 | $0 | 0.00% |
Peoples Bank Of The South lent most frequently to those with DTI ratios of Exempt%, with 260 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.82%
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 origination96.93%
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 | 260 | $49,700,000 | $191,154 |
| NA | 1 | $365,000 | $365,000 |