Peoples Savings Bank Mortgage Rates, Fees & Info

Indianola, IA

LEI: 549300RWHDQQ6O8UNG56

Tax ID: 42-1479004

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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 Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Peoples Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Des Moines, Pella, and Oskaloosa among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Peoples Savings Bank 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.

    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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    Originations

    56

    Origination Dollar Volume (All Markets)

    $10,240,000

    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
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 26 $6,040,000 $232,308 $0 0.00%
    Outside of Metro Areas 23 $3,085,000 $134,130 $0 0.00%
    Pella, IA (FHA|USDA|VA) 6 $1,040,000 $173,333 $0 0.00%
    Oskaloosa, IA (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Peoples Savings Bank's top markets include Des Moines, Pella, and Oskaloosa among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 56 $10,240,000 $182,857 $0 0.00%

    For 2024, Peoples Savings Bank's most frequently originated type of loan was Conventional, with 56 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 27 $6,145,000 $227,593 $0 0.00%
    Refi 16 $3,350,000 $209,375 $0 0.00%
    Home Improvement 9 $485,000 $53,889 $0 0.00%
    Other 4 $260,000 $65,000 $0 0.00%

    For 2024, Peoples Savings Bank's most frequently cited loan purpose was Home Purchase, with 27 originations. The 2nd most popular reason was Refi, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 56 $10,240,000 $182,857 $0 0.00%

    For 2024, Peoples Savings Bank's most frequently cited loan duration was Other, with 56 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 19 $835,000 $43,947 $0 0.00%
    $100k-200k 17 $2,555,000 $150,294 $0 0.00%
    $200k-400k 17 $5,075,000 $298,529 $0 0.00%
    $400k-600k 2 $1,130,000 $565,000 $0 0.00%
    $600k-1MM 1 $645,000 $645,000 $0 0.00%

    2024 saw Peoples Savings Bank place emphasis on $100,000 or less loans with 19 originations, totaling $835,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 15 $2,085,000 $139,000 $0 0.00%
    $100k-150k 8 $1,780,000 $222,500 $0 0.00%
    $150k-250k 6 $1,420,000 $236,667 $0 0.00%
    $50k or less 6 $420,000 $70,000 $0 0.00%
    $75k-100k 5 $365,000 $73,000 $0 0.00%
    $250k+ 3 $945,000 $315,000 $0 0.00%

    Peoples Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 15 originations. The second most popular income band? $100k-150k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 56 $10,240,000 $182,857 $0 0.00%

    Peoples Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 56 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 44 $7,590,000 $172,500 $0 0.00%
    Not applicable 12 $2,650,000 $220,833 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.62%

    Peoples Savings Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.14%

    Peoples Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 56 $10,240,000 $182,857

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    56 $10,240,000 $182,857