Peoples Savings Bank Mortgage Rates, Fees & Info
Indianola, IALEI: 549300RWHDQQ6O8UNG56
Tax ID: 42-1479004
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Mortgage Data
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 two markets are Des Moines and Pella .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.
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Originations
78Origination Dollar Volume (All Markets)
$16,950,000Top 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) | 47 | $11,405,000 | $242,660 | $0 | 0.00% |
| Pella, IA (FHA|USDA|VA) | 17 | $3,155,000 | $185,588 | $0 | 0.00% |
| Outside of Metro Areas | 14 | $2,390,000 | $170,714 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 78 | $16,950,000 | $217,308 | $0 | 0.00% |
For 2023, Peoples Savings Bank's most frequently originated type of loan was Conventional, with 78 originations.
Loan Reason
For 2023, Peoples Savings Bank's most frequently cited loan purpose was Home Purchase, with 50 originations. The 2nd most popular reason was Refi, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 78 | $16,950,000 | $217,308 | $0 | 0.00% |
For 2023, Peoples Savings Bank's most frequently cited loan duration was Other, with 78 originations.
Loan Sizing
2023 saw Peoples Savings Bank place emphasis on $100,000 or less loans with 26 originations, totaling $1,730,000 in origination value.
Applicant Income
Peoples Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 16 originations. The second most popular income band? $50k-75k, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 78 | $16,950,000 | $217,308 | $0 | 0.00% |
Peoples Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 78 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.50%
Peoples Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination83.33%
Peoples Savings Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 78 | $16,950,000 | $217,308 |