Peoplessouth Bank Mortgage Rates, Fees & InfoColquitt, GA
Tax ID: 58-1171935
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewPeoplessouth Bank is a smaller bank specializing in Other and Home Purchase loans. Peoplessouth Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Panama City, Dothan, Crestview, Valdosta, and Albany among others. We have data for 23 markets. (Some data included below & more in-depth data is available with an active subscription.)
Peoplessouth Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||6.27%||9/25/23|
|15 Year Conventional Purchase||5.68%||9/25/23|
|15 Year Conventional Refi||5.68%||9/25/23|
|15 Year Cash-out Refi||5.68%||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.|
Peoplessouth 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)$118,920,000
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||156||$29,610,000||$189,808||$1,295||5.28%|
|PANAMA CITY, FL (FHA|USDA|VA)||37||$16,085,000||$434,730||$4,306||4.99%|
|DOTHAN, AL (FHA|USDA|VA)||175||$15,925,000||$91,000||$1,008||5.53%|
|CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA)||9||$11,975,000||$1,330,556||$0||5.42%|
|VALDOSTA, GA (FHA|USDA|VA)||1||$10,875,000||$10,875,000||$0||4.50%|
|ALBANY, GA (FHA|USDA|VA)||53||$10,265,000||$193,679||$907||4.90%|
|TALLAHASSEE, FL (FHA|USDA|VA)||27||$4,975,000||$184,259||$2,875||4.90%|
|Ozark, AL (FHA|USDA|VA)||57||$4,495,000||$78,860||$890||5.64%|
|ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA)||3||$3,005,000||$1,001,667||$0||5.08%|
|Bainbridge, GA (FHA|USDA|VA)||17||$2,785,000||$163,824||$2,444||5.52%|
|COLUMBUS, GA-AL (FHA|USDA|VA)||9||$2,055,000||$228,333||$2,151||5.34%|
|Eufaula, AL-GA (FHA|USDA|VA)||26||$1,920,000||$73,846||$413||5.81%|
|AUBURN-OPELIKA, AL (FHA|USDA|VA)||4||$1,070,000||$267,500||$2,208||6.06%|
|Americus, GA (FHA|USDA|VA)||10||$940,000||$94,000||$1,020||5.57%|
|Alexander City, AL (FHA|USDA|VA)||1||$635,000||$635,000||$0||3.50%|
|Cordele, GA (FHA|USDA|VA)||1||$525,000||$525,000||$7,036||5.26%|
|Troy, AL (FHA|USDA|VA)||4||$510,000||$127,500||$0||5.94%|
|Enterprise, AL (FHA|USDA|VA)||4||$410,000||$102,500||$428||5.80%|
|Moultrie, GA (FHA|USDA|VA)||1||$285,000||$285,000||$5,150||6.29%|
|JACKSONVILLE, FL (FHA|USDA|VA)||1||$245,000||$245,000||$0||5.25%|
|WARNER ROBINS, GA (FHA|USDA|VA)||2||$160,000||$80,000||$0||5.38%|
|Tifton, GA (FHA|USDA|VA)||1||$105,000||$105,000||$193||6.21%|
|Fitzgerald, GA (FHA|USDA|VA)||1||$65,000||$65,000||$305||4.59%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Peoplessouth Bank's most frequently originated type of loan was Conventional, with 467 originations. Their 2nd most popular type was HELOC, with 132 originations.
For 2022, Peoplessouth Bank's most frequently cited loan purpose was Other, with 194 originations. The 2nd most popular reason was Home Purchase, with 163 originations.
For 2022, Peoplessouth Bank's most frequently cited loan duration was Other, with 215 originations. The 2nd most popular length was 15 Year, with 139 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Peoplessouth Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2 originations.
During 2022, Peoplessouth Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 203 originations.
2022 saw Peoplessouth Bank place emphasis on $100,000 or less loans with 344 originations, totaling $16,250,000 in origination value.
Peoplessouth Bank lent most frequently to those with incomes in the $50k or less range, with 121 originations. The second most popular income band? $75k-100k, with 78 originations.
Applicant Debt to Income Ratio
Peoplessouth Bank lent most frequently to those with DTI ratios of 20-30%, with 102 originations. The next most common DTI ratio? <20%, with 92 originations.
Approval RatesTotal approvals of all applications
Peoplessouth 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
Peoplessouth Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
|Points||Originations||Total Value||Average Loan|