Peoples State Bank Mortgage Rates, Fees & Info

Wausau, WI

LEI: 549300RBWA4J4QTPSY69

Tax ID: 39-0987942

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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. 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.

    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
    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

    462

    Origination Dollar Volume (All Markets)

    $137,560,000

    Awards

    Peoples State Bank 30 Year Conventional Loans silver Peoples State Bank 30 Year Conventional Loans silver Peoples State Bank 30 Year Conventional Loans gold Peoples State Bank 30 Year Conventional Loans gold
    Show all (4) awards

    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 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%
    Peoples State Bank's top markets include Wausau, Milwaukee, Watertown, Stevens Point, and Naples among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Montana (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: 70
    Empower Credit Union
    Similarity Rank: 81
    AbbyBank
    Similarity Rank: 112
    Prevail Bank
    Similarity Rank: 114
    Forward Bank
    Similarity Rank: 132
    Glacier Hills Credit Union
    Similarity Rank: 200
    EDUCATORS CREDIT UNION
    Similarity Rank: 300
    Blackhawk Community Credit Union
    Similarity Rank: 330
    VERVE, A CREDIT UNION
    Similarity Rank: 418
    Hometown Bank
    Similarity Rank: 544

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 457 $136,705,000 $299,136 $1,908 4.93%
    USDA 5 $855,000 $171,000 $4,060 5.18%

    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.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 241 $78,815,000 $327,033 $2,451 5.20%
    Refi 116 $36,760,000 $316,897 $1,285 4.65%
    Cash Out Refi 77 $18,895,000 $245,390 $1,822 4.45%
    Other 20 $2,430,000 $121,500 $1,257 4.97%
    Home Improvement 8 $660,000 $82,500 $1,323 5.78%

    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.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 245 $63,045,000 $257,327 $2,131 4.89%
    5 Year 84 $27,330,000 $325,357 $474 5.37%
    15 Year 58 $11,070,000 $190,862 $1,494 4.60%
    Other 29 $28,165,000 $971,207 $1,420 5.11%
    10 Year 19 $2,155,000 $113,421 $1,146 4.65%
    20 Year 17 $2,965,000 $174,412 $1,644 4.07%
    3 Year 7 $2,365,000 $337,857 $0 5.62%
    1 Year 3 $465,000 $155,000 $0 6.33%

    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
    $<1k 335 $77,475,000 $231,269
    $1k-2k 2 $320,000 $160,000
    $2k-3k 1 $325,000 $325,000

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 169 $55,345,000 $327,485
    4-5% 131 $42,445,000 $324,008
    3-4% 85 $25,845,000 $304,059
    6-7% 45 $8,115,000 $180,333
    2.5-3% 16 $4,120,000 $257,500
    7-8% 10 $810,000 $81,000
    <2.5% 6 $880,000 $146,667

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 152 $22,330,000 $146,908 $1,970 4.83%
    $200k-400k 143 $39,905,000 $279,056 $2,090 4.87%
    $100,000 or less 93 $5,965,000 $64,140 $1,475 5.38%
    $400k-600k 41 $20,315,000 $495,488 $1,872 4.69%
    $600k-1MM 20 $14,690,000 $734,500 $2,719 4.65%
    $1MM+ 13 $34,355,000 $2,642,692 $2,960 4.90%

    2022 saw Peoples State Bank place emphasis on $100k-200k loans with 152 originations, totaling $22,330,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 95 $22,825,000 $240,263 $1,983 4.87%
    $50k-75k 61 $8,595,000 $140,902 $1,983 4.99%
    $50k or less 60 $6,970,000 $116,167 $1,759 4.76%
    $75k-100k 60 $11,480,000 $191,333 $1,858 4.93%
    $150k-250k 51 $16,255,000 $318,725 $1,973 4.67%
    $250k+ 26 $14,600,000 $561,538 $2,202 4.37%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 96 $21,480,000 $223,750 $1,963 4.55%
    30-36% 66 $13,850,000 $209,848 $1,993 5.10%
    <20% 35 $7,585,000 $216,714 $1,987 4.55%
    >60% 23 $4,325,000 $188,043 $1,860 4.98%
    50-60% 17 $4,725,000 $277,941 $1,858 5.49%
    37% 12 $2,840,000 $236,667 $2,240 5.05%
    47% 11 $2,365,000 $215,000 $2,138 4.88%
    39% 11 $2,975,000 $270,455 $2,149 4.58%
    36% 10 $1,240,000 $124,000 $1,523 4.98%
    42% 10 $3,640,000 $364,000 $1,630 4.81%
    49% 9 $2,365,000 $262,778 $1,868 5.40%
    40% 9 $2,245,000 $249,444 $1,438 4.45%
    38% 8 $2,050,000 $256,250 $2,374 4.72%
    41% 8 $2,020,000 $252,500 $1,949 4.77%
    43% 7 $2,905,000 $415,000 $1,971 4.82%
    48% 6 $1,360,000 $226,667 $1,757 4.83%
    46% 6 $940,000 $156,667 $1,484 4.52%
    45% 5 $985,000 $197,000 $2,152 4.65%
    44% 4 $490,000 $122,500 $1,800 4.75%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 314 $69,690,000 $221,943 $1,920 4.81%
    Not applicable 104 $56,050,000 $538,942 $0 5.34%
    Not provided 31 $9,365,000 $302,097 $2,088 4.82%
    Asian 9 $1,215,000 $135,000 $1,771 4.84%
    Black 2 $890,000 $445,000 $3,867 5.63%
    American Indian 2 $350,000 $175,000 $2,190 4.69%

    Approval Rates

    Total approvals of all applications
    97.47%

    Peoples State Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    86.15%

    Peoples State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 462 $137,560,000 $297,749

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    462 $137,560,000 $297,749

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 36 $5,330,000 $148,056 $1,524 4.18%
    40-60% 66 $16,410,000 $248,636 $1,615 4.63%
    60-80% 203 $70,485,000 $347,217 $1,980 5.01%
    80-100% 133 $42,965,000 $323,045 $2,372 5.02%
    Under 20% 24 $2,370,000 $98,750 $786 5.76%