Peoples State Bank Mortgage Rates, Fees & Info

Wausau, WI

LEI: 549300RBWA4J4QTPSY69

Tax ID: 39-0987942

5 stars - Updated: 12/16/24 - out of 5 stars, based on 21 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 State Bank is a smaller bank specializing in Home Purchase and Refi loans. Peoples State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Wausau, Green Bay, Milwaukee, Stevens Point, and Chicago among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Peoples State Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Peoples State Bank 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 relatively high 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.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.52% 12/16/24
    30 Year Conventional Refi 6.29% 12/16/24
    30 Year Cash-out Refi 6.42% 12/16/24
    30 Year FHA Purchase 6.59% 12/16/24
    30 Year USDA Purchase 6.61% 12/16/24
    15 Year Conventional Purchase 6.35% 12/16/24
    15 Year Conventional Refi 5.86% 12/16/24
    15 Year Cash-out Refi 5.86% 12/16/24
    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 State Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Peoples State Bank. 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

    449

    Origination Dollar Volume (All Markets)

    $114,045,000

    Awards

    Peoples State Bank 30 Year Conventional Loans gold Peoples State Bank 30 Year Conventional Loans gold Peoples State Bank 30 Year Conventional Loans gold
    Show all (3) awards

    Relative Rate

    Peoples State Bank's average 30 year fixed mortgage rate was 6.68%.

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

    This yields a difference of 0.2%.

    Relative Fees (Closing Costs)

    Peoples State Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $2,145.

    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
    Outside of Metro Areas 178 $38,850,000 $218,258 $1,581 7.08%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 171 $32,005,000 $187,164 $1,426 7.12%
    GREEN BAY, WI (FHA|USDA|VA) 6 $14,900,000 $2,483,333 $0 7.01%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 45 $11,455,000 $254,556 $1,027 7.05%
    Stevens Point, WI (FHA|USDA|VA) 6 $2,710,000 $451,667 $2,831 7.27%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $1,940,000 $970,000 $4,217 6.38%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $1,465,000 $1,465,000 $9,848 5.63%
    Shawano, WI (FHA|USDA|VA) 7 $1,415,000 $202,143 $2,104 7.55%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $1,385,000 $1,385,000 $8,376 7.38%
    MADISON, WI (FHA|USDA|VA) 3 $1,305,000 $435,000 $3,910 6.61%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 9 $1,255,000 $139,444 $1,692 6.87%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $975,000 $975,000 $0 6.85%
    RACINE, WI (FHA|USDA|VA) 3 $865,000 $288,333 $0 7.00%
    EAU CLAIRE, WI (FHA|USDA|VA) 2 $840,000 $420,000 $2,113 6.94%
    Whitewater, WI (FHA|USDA|VA) 2 $630,000 $315,000 $0 7.50%
    COLUMBUS, OH (FHA|USDA|VA) 1 $385,000 $385,000 $2,574 6.38%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $295,000 $295,000 $0 6.75%
    SHEBOYGAN, WI (FHA|USDA|VA) 2 $280,000 $140,000 $0 6.90%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 3 $275,000 $91,667 $865 7.69%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $205,000 $205,000 $0 7.99%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $205,000 $205,000 $2,928 6.38%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $195,000 $195,000 $1,060 6.75%
    FOND DU LAC, WI (FHA|USDA|VA) 1 $145,000 $145,000 $0 6.99%
    Manitowoc, WI (FHA|USDA|VA) 1 $65,000 $65,000 $0 7.09%
    Peoples State Bank's top markets include Wausau, Green Bay, Milwaukee, Stevens Point, and Chicago among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)

    • Similar Lenders

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

    NORTHWESTERN MUTUAL
    Similarity Rank: 44
    Glacier Hills Credit Union
    Similarity Rank: 54
    National Exchange Bank and Trust
    Similarity Rank: 112
    Forward Bank
    Similarity Rank: 150
    Citizens Bank
    Similarity Rank: 192
    Empower Credit Union
    Similarity Rank: 203
    AbbyBank
    Similarity Rank: 209
    Peoples State Bank
    Similarity Rank: 240
    PyraMax Bank, FSB
    Similarity Rank: 270
    EDUCATORS CREDIT UNION
    Similarity Rank: 300

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 449 $114,045,000 $253,998 $1,600 7.09%

    For 2023, Peoples State Bank's most frequently originated type of loan was Conventional, with 449 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 265 $72,525,000 $273,679 $2,072 6.99%
    Refi 67 $26,955,000 $402,313 $936 6.75%
    Other 53 $4,985,000 $94,057 $893 7.94%
    Cash Out Refi 48 $7,440,000 $155,000 $1,238 6.99%
    Home Improvement 16 $2,140,000 $133,750 $744 7.66%

    For 2023, Peoples State Bank's most frequently cited loan purpose was Home Purchase, with 265 originations. The 2nd most popular reason was Refi, with 67 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 194 $47,990,000 $247,371 $2,145 6.68%
    5 Year 106 $50,070,000 $472,358 $635 7.16%
    15 Year 83 $7,745,000 $93,313 $916 8.08%
    10 Year 40 $2,850,000 $71,250 $715 7.08%
    Other 10 $2,560,000 $256,000 $501 5.88%
    20 Year 7 $935,000 $133,571 $1,073 7.18%
    3 Year 5 $1,195,000 $239,000 $0 6.64%
    1 Year 4 $700,000 $175,000 $0 7.69%

    For 2023, Peoples State Bank's most frequently cited loan duration was 30 Year, with 194 originations. The 2nd most popular length was 5 Year, with 106 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 333 $59,745,000 $179,414
    $1k-2k 1 $255,000 $255,000

    Peoples State Bank's average total fees were $2,145, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 333 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 196 $64,890,000 $331,071
    7-8% 120 $29,700,000 $247,500
    Over 8% 71 $4,215,000 $59,366
    5-6% 60 $13,290,000 $221,500
    3-4% 1 $1,875,000 $1,875,000
    4-5% 1 $75,000 $75,000

    During 2023, Peoples State Bank's average interest rate for loans was 6.68%, while their most frequently originated rate bucket for loans was 6-7%, with 196 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 162 $8,850,000 $54,630 $943 7.54%
    $100k-200k 150 $21,800,000 $145,333 $1,889 6.85%
    $200k-400k 88 $25,220,000 $286,591 $1,918 6.88%
    $400k-600k 24 $11,670,000 $486,250 $2,536 6.70%
    $1MM+ 18 $41,050,000 $2,280,556 $4,888 6.73%
    $600k-1MM 7 $5,455,000 $779,286 $2,420 6.60%

    2023 saw Peoples State Bank place emphasis on $100,000 or less loans with 162 originations, totaling $8,850,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 74 $9,000,000 $121,622 $1,408 7.34%
    $50k-75k 66 $7,930,000 $120,152 $1,418 7.02%
    $100k-150k 63 $11,035,000 $175,159 $1,398 7.16%
    $50k or less 56 $4,280,000 $76,429 $1,421 6.88%
    $150k-250k 46 $11,710,000 $254,565 $1,979 7.07%
    $250k+ 38 $17,180,000 $452,105 $2,449 6.89%

    Peoples State Bank lent most frequently to those with incomes in the $75k-100k range, with 74 originations. The second most popular income band? $50k-75k, with 66 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 81 $15,785,000 $194,877 $1,853 6.92%
    30-36% 69 $9,735,000 $141,087 $1,578 7.35%
    <20% 31 $7,675,000 $247,581 $1,862 6.63%
    44% 17 $1,595,000 $93,824 $923 8.01%
    42% 14 $2,540,000 $181,429 $1,360 6.88%
    39% 13 $2,045,000 $157,308 $1,355 7.42%
    41% 13 $1,375,000 $105,769 $1,395 7.27%
    37% 12 $1,520,000 $126,667 $1,175 7.08%
    >60% 12 $2,840,000 $236,667 $946 6.91%
    38% 11 $1,715,000 $155,909 $1,052 7.36%
    43% 10 $2,470,000 $247,000 $1,965 7.55%
    40% 10 $1,190,000 $119,000 $1,365 7.57%
    47% 9 $1,715,000 $190,556 $1,372 6.47%
    36% 8 $880,000 $110,000 $1,561 6.84%
    46% 8 $2,150,000 $268,750 $2,450 6.64%
    50-60% 8 $2,370,000 $296,250 $1,620 6.02%
    49% 7 $1,625,000 $232,143 $2,001 6.80%
    45% 5 $1,265,000 $253,000 $1,915 6.70%
    48% 3 $545,000 $181,667 $2,095 7.46%

    Peoples State Bank lent most frequently to those with DTI ratios of 20-30%, with 81 originations. The next most common DTI ratio? 30-36%, with 69 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 102 $52,380,000 $513,529 $0 7.09%
    White 297 $51,045,000 $171,869 $1,608 7.10%
    Not provided 39 $8,925,000 $228,846 $1,643 6.86%
    Black 2 $1,000,000 $500,000 $2,292 6.81%
    Asian 8 $620,000 $77,500 $985 8.08%
    American Indian 1 $75,000 $75,000 $515 5.88%

    Approval Rates

    Total approvals of all applications
    94.06%

    Peoples State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.97%

    Peoples State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 449 $114,045,000 $253,998

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    449 $114,045,000 $253,998

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 70 $6,920,000 $98,857 $979 7.39%
    40-60% 62 $28,100,000 $453,226 $1,314 6.82%
    60-80% 166 $53,320,000 $321,205 $2,167 6.86%
    80-100% 80 $21,820,000 $272,750 $2,456 6.76%
    Under 20% 71 $3,885,000 $54,718 $695 7.92%