Peoplestrust Bank Mortgage Rates, Fees & Info
HAMILTON, ALLEI: 549300OS6U8YWYOKJP92
Tax ID: 20-1376993
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Peoplestrust Bank is a smaller bank specializing in Refi and Home Purchase loans. Peoplestrust Bank has a high proportion of conventional loans. Their top markets by origination volume include: Florence, Decatur, Daphne, and Birmingham among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Peoplestrust Bank 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
54Origination Dollar Volume (All Markets)
$4,220,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 44 | $3,130,000 | $71,136 | $0 | 0.00% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 6 | $860,000 | $143,333 | $0 | 0.00% |
| DECATUR, AL (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 54 | $4,220,000 | $78,148 | $0 | 0.00% |
For 2019, Peoplestrust Bank's most frequently originated type of loan was Conventional, with 54 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 27 | $2,035,000 | $75,370 | $0 | 0.00% |
| Home Purchase | 23 | $2,005,000 | $87,174 | $0 | 0.00% |
| Other | 4 | $180,000 | $45,000 | $0 | 0.00% |
For 2019, Peoplestrust Bank's most frequently cited loan purpose was Refi, with 27 originations. The 2nd most popular reason was Home Purchase, with 23 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 54 | $4,220,000 | $78,148 | $0 | 0.00% |
For 2019, Peoplestrust Bank's most frequently cited loan duration was Other, with 54 originations.
Loan Sizing
2019 saw Peoplestrust Bank place emphasis on $100,000 or less loans with 44 originations, totaling $2,080,000 in origination value.
Applicant Income
Peoplestrust Bank lent most frequently to those with incomes in the $50k-75k range, with 16 originations. The second most popular income band? $75k-100k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 54 | $4,220,000 | $78,148 | $0 | 0.00% |
Peoplestrust Bank lent most frequently to those with DTI ratios of Exempt%, with 54 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.49%
Peoplestrust Bank has an average approval rate.
Pick Rate
Approvals leading to origination81.48%
Peoplestrust Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 54 | $4,220,000 | $78,148 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 14 | $580,000 | $41,429 |
| Single Family (1-4 Units):Site-Built | 40 | $3,640,000 | $91,000 |
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% |