Peoples Security Bank And Trust Company Mortgage Rates, Fees & Info

Hallstead, PA

LEI: 549300PJX0ZHPQ614C72

Tax ID: 24-0603570

5 stars - Updated: 11/17/24 - out of 5 stars, based on 24 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Peoples Security Bank And Trust Company is a smaller bank specializing in Home Purchase and Refi loans. Peoples Security Bank And Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Scranton, New York, Allentown, Philadelphia, and Pittsburgh among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Peoples Security Bank And Trust Company 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. Peoples Security Bank And Trust Company is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 11/17/24
    30 Year Conventional Purchase 6.47% 11/17/24
    30 Year Conventional Refi 6.37% 11/17/24
    30 Year Cash-out Refi 6.56% 11/17/24
    15 Year Conventional Purchase 6.03% 11/17/24
    15 Year Conventional Refi 5.93% 11/17/24
    15 Year Cash-out Refi 5.93% 11/17/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Peoples Security Bank And Trust Company Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Peoples Security Bank And Trust Company. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    580

    Origination Dollar Volume (All Markets)

    $120,810,000
    Show all (6) awards

    Relative Rate

    Peoples Security Bank And Trust Company's average 30 year fixed mortgage rate was 3.2%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of -3.28%.

    Relative Fees (Closing Costs)

    Peoples Security Bank And Trust Company's average total fees/closing costs for a 30 year fixed rate mortgage were $4,408.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

    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
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 207 $29,315,000 $141,618 $3,264 4.44%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 21 $27,295,000 $1,299,762 $5,566 4.70%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 141 $21,895,000 $155,284 $4,428 3.99%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 40 $11,620,000 $290,500 $4,255 4.31%
    Outside of Metro Areas 83 $10,975,000 $132,229 $2,773 4.07%
    PITTSBURGH, PA (FHA|USDA|VA) 30 $8,500,000 $283,333 $9,635 3.25%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 21 $2,465,000 $117,381 $0 3.30%
    BINGHAMTON, NY (FHA|USDA|VA) 12 $1,970,000 $164,167 $4,591 4.51%
    LEBANON, PA (FHA|USDA|VA) 7 $1,585,000 $226,429 $2,392 3.09%
    OCEAN CITY, NJ (FHA|USDA|VA) 2 $1,470,000 $735,000 $6,664 6.00%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 4 $1,230,000 $307,500 $5,811 2.99%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $540,000 $270,000 $4,023 4.56%
    READING, PA (FHA|USDA|VA) 3 $435,000 $145,000 $3,699 3.83%
    Pottsville, PA (FHA|USDA|VA) 2 $410,000 $205,000 $5,122 8.40%
    Indiana, PA (FHA|USDA|VA) 1 $325,000 $325,000 $6,064 7.09%
    ALTOONA, PA (FHA|USDA|VA) 1 $285,000 $285,000 $0 1.99%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $275,000 $275,000 $3,963 5.63%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.25%
    Sayre, PA (FHA|USDA|VA) 1 $65,000 $65,000 $0 7.00%
    Peoples Security Bank And Trust Company's top markets include Scranton, New York, Allentown, Philadelphia, and Pittsburgh among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • New York (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Peoples Security Bank and Trust Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    The Honesdale National Bank
    Similarity Rank: 248
    The Luzerne Bank
    Similarity Rank: 252
    NET
    Similarity Rank: 296
    Peoples Security Bank and Trust Company
    Similarity Rank: 304
    First Commonwealth Federal Credit Union
    Similarity Rank: 396
    NBT Bank
    Similarity Rank: 517
    ESSA Bank & Trust
    Similarity Rank: 583
    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 646
    Community Bank
    Similarity Rank: 912
    MILLENIUM HOME MORTGAGE, LLC
    Similarity Rank: 1078

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 329 $40,545,000 $123,237 n/a 2.67%
    Conventional 251 $80,265,000 $319,781 $3,579 6.15%

    For 2023, Peoples Security Bank And Trust Company's most frequently originated type of loan was HELOC, with 329 originations. Their 2nd most popular type was Conventional, with 251 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 193 $18,805,000 $97,435 $1,227 3.16%
    Home Purchase 187 $62,735,000 $335,481 $4,265 5.83%
    Refi 136 $32,060,000 $235,735 $2,710 3.86%
    Other 64 $7,210,000 $112,656 $2,385 3.09%

    For 2023, Peoples Security Bank And Trust Company's most frequently cited loan purpose was Home Improvement, with 193 originations. The 2nd most popular reason was Home Purchase, with 187 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 423 $60,675,000 $143,440 $4,408 3.20%
    20 Year 38 $7,270,000 $191,316 $1,751 6.78%
    5 Year 29 $22,515,000 $776,379 $1,571 6.85%
    15 Year 28 $3,940,000 $140,714 $2,186 6.61%
    Other 21 $10,705,000 $509,762 $4,181 7.25%
    10 Year 17 $5,885,000 $346,176 $1,397 6.45%
    30+ year 12 $5,740,000 $478,333 $5,577 6.22%
    1 Year 11 $3,875,000 $352,273 $751 7.77%
    3 Year 1 $205,000 $205,000 $0 6.99%

    For 2023, Peoples Security Bank And Trust Company's most frequently cited loan duration was 30 Year, with 423 originations. The 2nd most popular length was 20 Year, with 38 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 109 $26,985,000 $247,569
    $1k-2k 22 $4,630,000 $210,455
    $2k-3k 4 $1,080,000 $270,000
    $4k-5k 3 $1,245,000 $415,000
    $5k+ 1 $675,000 $675,000

    Peoples Security Bank And Trust Company's average total fees were $4,408, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 109 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 296 $36,200,000 $122,297
    6-7% 91 $37,515,000 $412,253
    7-8% 61 $17,235,000 $282,541
    3-4% 50 $5,640,000 $112,800
    5-6% 45 $19,315,000 $429,222
    Over 8% 35 $4,595,000 $131,286
    4-5% 2 $310,000 $155,000

    During 2023, Peoples Security Bank And Trust Company's average interest rate for loans was 3.20%, while their most frequently originated rate bucket for loans was <2.5%, with 296 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 276 $15,650,000 $56,703 $1,931 3.54%
    $100k-200k 146 $20,550,000 $140,753 $3,156 4.60%
    $200k-400k 109 $29,945,000 $274,725 $4,389 4.68%
    $400k-600k 23 $11,015,000 $478,913 $5,592 4.63%
    $1MM+ 14 $34,230,000 $2,445,000 $9,443 6.42%
    $600k-1MM 12 $9,420,000 $785,000 $6,160 5.87%

    2023 saw Peoples Security Bank And Trust Company place emphasis on $100,000 or less loans with 276 originations, totaling $15,650,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 100 $11,090,000 $110,900 $3,773 3.48%
    $50k-75k 84 $8,900,000 $105,952 $3,043 4.15%
    $150k-250k 82 $14,800,000 $180,488 $3,789 3.42%
    $250k+ 79 $31,565,000 $399,557 $6,151 3.83%
    $75k-100k 77 $7,125,000 $92,532 $2,932 3.68%
    $50k or less 56 $4,150,000 $74,107 $2,472 4.07%

    Peoples Security Bank And Trust Company lent most frequently to those with incomes in the $100k-150k range, with 100 originations. The second most popular income band? $50k-75k, with 84 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 108 $17,480,000 $161,852 $3,532 3.06%
    30-36% 86 $10,150,000 $118,023 $3,397 3.75%
    <20% 62 $11,500,000 $185,484 $4,011 3.61%
    40% 41 $5,365,000 $130,854 $2,709 3.54%
    41% 34 $4,340,000 $127,647 $3,800 3.18%
    42% 28 $3,540,000 $126,429 $2,661 2.63%
    39% 23 $4,545,000 $197,609 $4,186 3.33%
    36% 21 $2,675,000 $127,381 $2,700 4.46%
    38% 19 $3,805,000 $200,263 $4,232 4.63%
    37% 16 $3,550,000 $221,875 $4,144 4.50%
    43% 9 $1,855,000 $206,111 $1,941 4.50%
    44% 5 $655,000 $131,000 $4,846 3.39%
    45% 4 $2,230,000 $557,500 $5,871 5.07%
    47% 4 $600,000 $150,000 $4,640 4.14%
    46% 3 $735,000 $245,000 $5,743 7.04%
    >60% 2 $220,000 $110,000 $0 4.07%
    48% 2 $610,000 $305,000 $2,910 7.00%
    49% 2 $590,000 $295,000 $3,609 6.50%
    50-60% 2 $480,000 $240,000 $3,637 4.37%

    Peoples Security Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 108 originations. The next most common DTI ratio? 30-36%, with 86 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 437 $66,875,000 $153,032 $3,505 3.75%
    Not applicable 82 $41,170,000 $502,073 $0 6.71%
    Not provided 42 $10,500,000 $250,000 $4,231 3.87%
    Black 9 $1,115,000 $123,889 $3,813 3.77%
    Asian 9 $885,000 $98,333 $3,374 3.46%
    Native Hawaiian or Islander 1 $265,000 $265,000 $3,890 6.75%

    Approval Rates

    Total approvals of all applications
    82.38%

    Peoples Security Bank And Trust Company has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    88.10%

    Peoples Security Bank And Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 580 $120,810,000 $208,293

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    580 $120,810,000 $208,293

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 161 $23,715,000 $147,298 $1,990 3.10%
    40-60% 91 $21,495,000 $236,209 $3,130 3.95%
    60-80% 123 $47,735,000 $388,089 $3,603 5.84%
    80-100% 55 $14,935,000 $271,545 $5,127 5.83%
    Over 100% 1 $355,000 $355,000 $0 9.00%
    Under 20% 139 $10,175,000 $73,201 $789 3.17%