Peoples State Bank Mortgage Rates, Fees & InfoWausau, WI
Tax ID: 39-0987942
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewPeoples State Bank is a smaller bank specializing in Home Purchase and Refi loans. Peoples State Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Wausau, Milwaukee, Watertown, Stevens Point, and Naples among others. We have data for 28 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 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.
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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.52%||9/25/23|
|30 Year Conventional Refi||6.29%||9/25/23|
|30 Year Cash-out Refi||6.42%||9/25/23|
|30 Year FHA Purchase||6.59%||9/25/23|
|30 Year USDA Purchase||6.61%||9/25/23|
|15 Year Conventional Purchase||6.35%||9/25/23|
|15 Year Conventional Refi||5.86%||9/25/23|
|15 Year Cash-out Refi||5.86%||9/25/23|
|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 State Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$137,560,000
Peoples State Bank's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.13%.
Relative Fees (Closing Costs)
Peoples State Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,131.
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.
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||182||$43,310,000||$237,967||$1,977||4.80%|
|WAUSAU-WESTON, WI (FHA|USDA|VA)||154||$35,700,000||$231,818||$1,800||4.97%|
|MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA)||67||$24,625,000||$367,537||$1,842||5.25%|
|Watertown-Fort Atkinson, WI (FHA|USDA|VA)||1||$6,675,000||$6,675,000||$0||4.11%|
|Stevens Point, WI (FHA|USDA|VA)||6||$4,550,000||$758,333||$1,836||4.78%|
|NAPLES-MARCO ISLAND, FL (FHA|USDA|VA)||4||$3,590,000||$897,500||$0||4.65%|
|JANESVILLE-BELOIT, WI (FHA|USDA|VA)||1||$2,995,000||$2,995,000||$0||3.70%|
|Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA)||4||$2,480,000||$620,000||$0||4.34%|
|Edwards, CO (FHA|USDA|VA)||1||$2,025,000||$2,025,000||$0||5.85%|
|APPLETON, WI (FHA|USDA|VA)||4||$1,850,000||$462,500||$2,042||5.09%|
|MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA)||4||$1,500,000||$375,000||$3,514||5.34%|
|GREEN BAY, WI (FHA|USDA|VA)||5||$1,445,000||$289,000||$1,358||5.83%|
|Whitewater, WI (FHA|USDA|VA)||3||$1,195,000||$398,333||$1,786||4.00%|
|MADISON, WI (FHA|USDA|VA)||5||$1,115,000||$223,000||$2,785||4.39%|
|Shawano, WI (FHA|USDA|VA)||4||$730,000||$182,500||$1,743||4.76%|
|RACINE, WI (FHA|USDA|VA)||2||$610,000||$305,000||$2,556||5.25%|
|OSHKOSH-NEENAH, WI (FHA|USDA|VA)||3||$535,000||$178,333||$2,398||5.00%|
|COLUMBUS, OH (FHA|USDA|VA)||1||$405,000||$405,000||$3,480||5.50%|
|PUNTA GORDA, FL (FHA|USDA|VA)||1||$355,000||$355,000||$4,323||5.88%|
|EAU CLAIRE, WI (FHA|USDA|VA)||2||$340,000||$170,000||$2,218||5.19%|
|ST. LOUIS, MO-IL (FHA|USDA|VA)||1||$305,000||$305,000||$0||5.88%|
|ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA)||1||$295,000||$295,000||$2,785||6.00%|
|Bainbridge, GA (FHA|USDA|VA)||1||$285,000||$285,000||$2,498||5.00%|
|PORT ST. LUCIE, FL (FHA|USDA|VA)||1||$245,000||$245,000||$2,270||3.50%|
|FOND DU LAC, WI (FHA|USDA|VA)||1||$145,000||$145,000||$2,694||4.75%|
|Iron Mountain, MI-WI (FHA|USDA|VA)||1||$105,000||$105,000||$0||4.75%|
|Manitowoc, WI (FHA|USDA|VA)||1||$75,000||$75,000||$0||4.83%|
|Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA)||1||$75,000||$75,000||$2,299||6.75%|
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.
Similarity Rank: 110
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Similarity Rank: 360
Similarity Rank: 420
Similarity Rank: 456
Similarity Rank: 469
Similarity Rank: 540
Similarity Rank: 675
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Peoples State Bank's most frequently originated type of loan was Conventional, with 457 originations. Their 2nd most popular type was USDA, with 5 originations.
For 2022, Peoples State Bank's most frequently cited loan purpose was Home Purchase, with 241 originations. The 2nd most popular reason was Refi, with 116 originations.
For 2022, Peoples State Bank's most frequently cited loan duration was 30 Year, with 245 originations. The 2nd most popular length was 5 Year, with 84 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Peoples State Bank's average total fees were $2,131, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 335 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2022, Peoples State Bank's average interest rate for loans was 4.89%, while their most frequently originated rate bucket for loans was 5-6%, with 169 originations.
2022 saw Peoples State Bank place emphasis on $100k-200k loans with 152 originations, totaling $22,330,000 in origination value.
Peoples State Bank lent most frequently to those with incomes in the $100k-150k range, with 95 originations. The second most popular income band? $50k-75k, with 61 originations.
Applicant Debt to Income Ratio
Peoples State Bank lent most frequently to those with DTI ratios of 20-30%, with 96 originations. The next most common DTI ratio? 30-36%, with 66 originations.
Approval RatesTotal approvals of all applications
Peoples State Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Peoples State Bank has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|