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 markets by origination volume include: Des Moines, Pella, and Ames 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.
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Originations
79Origination Dollar Volume (All Markets)
$15,045,000Top 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) | 40 | $9,680,000 | $242,000 | $0 | 0.00% |
| Outside of Metro Areas | 23 | $3,395,000 | $147,609 | $0 | 0.00% |
| Pella, IA (FHA|USDA|VA) | 15 | $1,835,000 | $122,333 | $0 | 0.00% |
| AMES, IA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 79 | $15,045,000 | $190,443 | $0 | 0.00% |
For 2022, Peoples Savings Bank's most frequently originated type of loan was Conventional, with 79 originations.
Loan Reason
For 2022, Peoples Savings Bank's most frequently cited loan purpose was Home Purchase, with 45 originations. The 2nd most popular reason was Refi, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 79 | $15,045,000 | $190,443 | $0 | 0.00% |
For 2022, Peoples Savings Bank's most frequently cited loan duration was Other, with 79 originations.
Loan Sizing
2022 saw Peoples Savings Bank place emphasis on $100,000 or less loans with 31 originations, totaling $1,685,000 in origination value.
Applicant Income
Peoples Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 19 originations. The second most popular income band? $150k-250k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 79 | $15,045,000 | $190,443 | $0 | 0.00% |
Peoples Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 79 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.82%
Peoples Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination46.84%
Peoples Savings Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 79 | $15,045,000 | $190,443 |