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

Hallstead, PA

LEI: 549300PJX0ZHPQ614C72

Tax ID: 24-0603570

5 stars - out of 5 stars, based on 29 reviews

Latest/2022 | 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: Philadelphia, New York, Scranton, Allentown, and Pittsburgh among others. We have data for 20 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% 4/1/23
    30 Year Conventional Purchase 6.47% 4/1/23
    30 Year Conventional Refi 6.37% 4/1/23
    30 Year Cash-out Refi 6.56% 4/1/23
    15 Year Conventional Purchase 6.03% 4/1/23
    15 Year Conventional Refi 5.93% 4/1/23
    15 Year Cash-out Refi 5.93% 4/1/23
    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

    843

    Origination Dollar Volume (All Markets)

    $356,725,000

    Awards

    Peoples Security Bank and Trust Company 30 Year Conventional Loans silver Peoples Security Bank and Trust Company 30 Year Conventional Loans bronze
    Show all (2) awards

    Relative Rate

    Peoples Security Bank And Trust Company's average 30 year fixed mortgage rate was 2.5%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -2.26%.

    Relative Fees (Closing Costs)

    Peoples Security Bank And Trust Company's average total fees/closing costs for a 30 year fixed rate mortgage were $4,580.

    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 $4,750.

    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
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 58 $97,150,000 $1,675,000 $5,583 3.55%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 46 $87,800,000 $1,908,696 $6,374 3.63%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 366 $64,070,000 $175,055 $3,003 3.28%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 144 $49,450,000 $343,403 $4,474 3.05%
    Outside of Metro Areas 119 $19,125,000 $160,714 $2,203 3.27%
    PITTSBURGH, PA (FHA|USDA|VA) 13 $9,075,000 $698,077 $7,081 4.46%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 31 $5,065,000 $163,387 $3,013 3.55%
    LEBANON, PA (FHA|USDA|VA) 11 $3,495,000 $317,727 $2,703 3.07%
    SYRACUSE, NY (FHA|USDA|VA) 1 $3,105,000 $3,105,000 $0 5.52%
    BINGHAMTON, NY (FHA|USDA|VA) 26 $2,990,000 $115,000 $2,709 3.36%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 3 $2,965,000 $988,333 $3,726 3.06%
    WICHITA, KS (FHA|USDA|VA) 1 $2,865,000 $2,865,000 $0 4.25%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $2,650,000 $1,325,000 $7,568 4.60%
    READING, PA (FHA|USDA|VA) 7 $2,355,000 $336,429 $4,503 3.09%
    OCEAN CITY, NJ (FHA|USDA|VA) 3 $1,205,000 $401,667 $2,260 4.43%
    Pottsville, PA (FHA|USDA|VA) 3 $1,015,000 $338,333 $4,888 4.65%
    Sayre, PA (FHA|USDA|VA) 4 $930,000 $232,500 $3,817 3.73%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 3 $825,000 $275,000 $4,848 3.62%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $405,000 $405,000 $0 4.25%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $185,000 $185,000 $3,784 3.63%
    Peoples Security Bank And Trust Company's top markets include Philadelphia, New York, Scranton, Allentown, and Pittsburgh among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Florida (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: 250
    CROSS VALLEY FEDERAL CREDIT UNION
    Similarity Rank: 318
    VISIONS
    Similarity Rank: 528
    First Keystone Community Bank
    Similarity Rank: 533
    Penn Community Bank
    Similarity Rank: 546
    Unity Bank
    Similarity Rank: 648
    First Columbia Bank & Trust Co.
    Similarity Rank: 684
    NBT Bank
    Similarity Rank: 792
    ESSA Bank & Trust
    Similarity Rank: 1014
    Investors Bank
    Similarity Rank: 1245

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 495 $314,235,000 $634,818 $3,167 4.33%
    HELOC 348 $42,490,000 $122,098 n/a 1.88%

    For 2022, Peoples Security Bank And Trust Company's most frequently originated type of loan was Conventional, with 495 originations. Their 2nd most popular type was HELOC, with 348 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 313 $220,695,000 $705,096 $4,591 4.34%
    Refi 221 $90,175,000 $408,032 $1,579 3.25%
    Home Improvement 207 $33,835,000 $163,454 $1,485 2.33%
    Other 92 $10,150,000 $110,326 $1,458 2.26%
    Cash Out Refi 10 $1,870,000 $187,000 $4,605 3.34%

    For 2022, Peoples Security Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 313 originations. The 2nd most popular reason was Refi, with 221 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 463 $74,765,000 $161,479 $4,580 2.50%
    15 Year 88 $13,300,000 $151,136 $1,730 4.08%
    10 Year 79 $85,985,000 $1,088,418 $709 4.06%
    20 Year 77 $14,425,000 $187,338 $1,349 4.61%
    5 Year 57 $106,465,000 $1,867,807 $202 4.50%
    Other 40 $41,960,000 $1,049,000 $1,676 4.44%
    30+ year 25 $13,375,000 $535,000 $5,871 4.30%
    1 Year 10 $2,580,000 $258,000 $0 4.93%
    3 Year 4 $3,870,000 $967,500 $602 4.56%

    For 2022, Peoples Security Bank And Trust Company's most frequently cited loan duration was 30 Year, with 463 originations. The 2nd most popular length was 15 Year, with 88 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 191 $45,735,000 $239,450
    $1k-2k 62 $12,120,000 $195,484
    $2k-3k 16 $4,330,000 $270,625
    $3k-4k 6 $1,420,000 $236,667
    $5k+ 2 $600,000 $300,000
    $4k-5k 1 $1,685,000 $1,685,000

    Peoples Security Bank And Trust Company's average total fees were $4,580, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 191 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 311 $41,375,000 $133,039
    3-4% 175 $160,185,000 $915,343
    4-5% 174 $84,230,000 $484,080
    5-6% 96 $27,860,000 $290,208
    2.5-3% 44 $13,400,000 $304,545
    6-7% 33 $27,735,000 $840,455
    7-8% 10 $1,940,000 $194,000

    During 2022, Peoples Security Bank And Trust Company's average interest rate for loans was 2.50%, while their most frequently originated rate bucket for loans was <2.5%, with 311 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 292 $16,240,000 $55,616 $1,387 2.73%
    $100k-200k 244 $34,250,000 $140,369 $2,847 3.34%
    $200k-400k 152 $42,100,000 $276,974 $4,076 3.76%
    $1MM+ 68 $215,020,000 $3,162,059 $9,558 4.09%
    $400k-600k 60 $28,270,000 $471,167 $3,980 3.74%
    $600k-1MM 27 $20,845,000 $772,037 $6,498 4.19%

    2022 saw Peoples Security Bank And Trust Company place emphasis on $100,000 or less loans with 292 originations, totaling $16,240,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 128 $18,620,000 $145,469 $2,621 2.69%
    $50k-75k 117 $11,505,000 $98,333 $2,650 2.96%
    $150k-250k 109 $22,025,000 $202,064 $4,498 2.88%
    $75k-100k 102 $13,780,000 $135,098 $3,011 2.83%
    $250k+ 87 $37,145,000 $426,954 $4,595 3.28%
    $50k or less 79 $7,765,000 $98,291 $2,107 3.51%

    Peoples Security Bank And Trust Company lent most frequently to those with incomes in the $100k-150k range, with 128 originations. The second most popular income band? $50k-75k, with 117 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 173 $26,625,000 $153,902 $2,672 2.98%
    30-36% 143 $23,935,000 $167,378 $3,419 3.00%
    <20% 72 $16,980,000 $235,833 $3,684 2.82%
    42% 35 $4,935,000 $141,000 $2,994 2.82%
    40% 29 $4,135,000 $142,586 $2,533 2.49%
    37% 29 $4,065,000 $140,172 $2,552 3.01%
    41% 29 $3,345,000 $115,345 $2,523 2.45%
    36% 28 $5,980,000 $213,571 $4,231 2.47%
    38% 24 $3,570,000 $148,750 $2,389 2.06%
    39% 23 $3,045,000 $132,391 $3,594 2.56%
    43% 12 $2,020,000 $168,333 $3,107 2.86%
    44% 6 $1,600,000 $266,667 $4,639 3.21%
    50-60% 4 $2,510,000 $627,500 $5,784 2.76%
    49% 4 $2,220,000 $555,000 $3,630 3.77%
    45% 3 $655,000 $218,333 $2,633 2.93%
    48% 3 $615,000 $205,000 $5,053 3.75%
    46% 3 $605,000 $201,667 $3,866 4.06%
    47% 2 $300,000 $150,000 $4,204 4.94%
    >60% 1 $45,000 $45,000 $500 3.13%

    Peoples Security Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 173 originations. The next most common DTI ratio? 30-36%, with 143 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 185 $241,105,000 $1,303,270 $0 4.57%
    White 572 $87,780,000 $153,462 $2,915 2.96%
    Not provided 56 $20,720,000 $370,000 $5,222 3.14%
    Asian 17 $4,485,000 $263,824 $4,710 2.97%
    Black 7 $1,095,000 $156,429 $3,062 3.25%
    Asian Indian 3 $855,000 $285,000 $0 1.66%
    Other Asian 1 $405,000 $405,000 $0 3.50%
    Other Pacific Islander 1 $215,000 $215,000 $0 1.99%
    American Indian 1 $65,000 $65,000 $3,446 4.00%

    Approval Rates

    Total approvals of all applications
    88.24%

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

    Pick Rate

    Approvals leading to origination
    87.43%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 843 $356,725,000 $423,161

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    843 $356,725,000 $423,161

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 190 $28,090,000 $147,842 $1,396 2.20%
    40-60% 144 $103,640,000 $719,722 $2,831 3.39%
    60-80% 251 $170,795,000 $680,458 $3,487 4.15%
    80-100% 102 $36,010,000 $353,039 $4,650 4.17%
    Over 100% 2 $1,640,000 $820,000 $0 5.42%
    Under 20% 148 $15,440,000 $104,324 $614 2.62%