The Peoples Bank Mortgage Rates, Fees & Info

Taylorsville, KY

LEI: 549300SUOO1RFWRM7N78

Tax ID: 61-0305730

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    The Peoples Bank is a smaller bank specializing in Home Purchase and Refi loans. The Peoples Bank has a high proportion of conventional loans. Their top markets by origination volume include: Louisville, Frankfort, and Bardstown among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Peoples 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. The Peoples 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 6.67% 4/21/24
    30 Year Conventional Refi 6.52% 4/21/24
    30 Year Cash-out Refi 6.93% 4/21/24
    15 Year Conventional Purchase 6.13% 4/21/24
    15 Year Conventional Refi 5.68% 4/21/24
    15 Year Cash-out Refi 5.68% 4/21/24
    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.

    The Peoples Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from The Peoples 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

    73

    Origination Dollar Volume (All Markets)

    $9,095,000

    Awards

    The Peoples Bank 30 Year Conventional Loans gold The Peoples Bank 30 Year Conventional Loans gold The Peoples Bank 30 Year Conventional Loans bronze
    Show all (3) 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
    LOUISVILLE, KY (FHA|USDA|VA) 62 $7,710,000 $124,355 $1,490 5.61%
    Frankfort, KY (FHA|USDA|VA) 5 $795,000 $159,000 $1,640 6.22%
    Bardstown, KY (FHA|USDA|VA) 3 $395,000 $131,667 $1,307 5.04%
    Outside of Metro Areas 3 $195,000 $65,000 $1,350 7.13%
    The Peoples Bank's top markets include Louisville, Frankfort, and Bardstown among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against The Peoples Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    The Peoples Bank
    Similarity Rank: 120
    Guardian Savings Bank, A Federal Savings Bank
    Similarity Rank: 162
    COMMONWEALTH
    Similarity Rank: 345
    First Harrison Bank
    Similarity Rank: 357
    CLASS ACT FEDERAL CREDIT UNION
    Similarity Rank: 357
    Abound Federal Credit Union
    Similarity Rank: 375
    Peoples Bank
    Similarity Rank: 455
    PARK COMMUNITY CREDIT UNION, INC.
    Similarity Rank: 468
    The New Washington State Bank
    Similarity Rank: 650
    Victory Community Bank
    Similarity Rank: 714

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 73 $9,095,000 $124,589 $1,489 5.69%

    For 2018, The Peoples Bank's most frequently originated type of loan was Conventional, with 73 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 42 $6,260,000 $149,048 $1,594 5.52%
    Refi 21 $1,915,000 $91,190 $1,306 6.14%
    Cash Out Refi 4 $370,000 $92,500 $1,454 4.66%
    Home Improvement 3 $365,000 $121,667 $1,632 5.71%
    Other 3 $185,000 $61,667 $1,193 6.34%

    For 2018, The Peoples Bank's most frequently cited loan purpose was Home Purchase, with 42 originations. The 2nd most popular reason was Refi, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 22 $2,700,000 $122,727 $1,194 6.48%
    30 Year 20 $3,400,000 $170,000 $1,685 4.72%
    1 Year 9 $1,205,000 $133,889 $1,917 5.88%
    15 Year 8 $800,000 $100,000 $1,522 4.70%
    Other 7 $495,000 $70,714 $1,229 6.28%
    5 Year 5 $305,000 $61,000 $0 6.70%
    20 Year 1 $95,000 $95,000 $1,494 4.63%
    3 Year 1 $95,000 $95,000 $0 6.25%

    For 2018, The Peoples Bank's most frequently cited loan duration was 10 Year, with 22 originations. The 2nd most popular length was 30 Year, with 20 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 49 $6,315,000 $128,878
    $1k-2k 5 $1,265,000 $253,000

    The Peoples Bank's average total fees were $1,685, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 49 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 25 $4,055,000 $162,200
    5-6% 22 $2,600,000 $118,182
    6-7% 18 $1,880,000 $104,444
    7-8% 4 $260,000 $65,000
    Over 8% 3 $155,000 $51,667
    3-4% 1 $145,000 $145,000

    During 2018, The Peoples Bank's average interest rate for loans was 4.72%, while their most frequently originated rate bucket for loans was 4-5%, with 25 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 36 $1,920,000 $53,333 $1,071 6.17%
    $100k-200k 24 $3,420,000 $142,500 $1,577 5.16%
    $200k-400k 12 $3,150,000 $262,500 $2,167 5.45%
    $600k-1MM 1 $605,000 $605,000 $954 4.50%

    2018 saw The Peoples Bank place emphasis on $100,000 or less loans with 36 originations, totaling $1,920,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 25 $2,745,000 $109,800 $1,459 5.65%
    $50k or less 14 $1,380,000 $98,571 $1,394 5.90%
    $100k-150k 9 $1,635,000 $181,667 $1,730 5.44%
    $75k-100k 8 $1,020,000 $127,500 $1,396 5.57%
    $250k+ 3 $855,000 $285,000 $1,359 5.63%
    $150k-250k 2 $280,000 $140,000 $2,532 6.31%

    The Peoples Bank lent most frequently to those with incomes in the $50k-75k range, with 25 originations. The second most popular income band? $50k or less, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 17 $2,705,000 $159,118 $1,492 5.16%
    <20% 10 $810,000 $81,000 $1,234 6.07%
    30-36% 8 $1,020,000 $127,500 $1,490 5.38%
    47% 4 $880,000 $220,000 $1,770 5.48%
    >60% 2 $520,000 $260,000 $2,573 5.83%
    37% 2 $80,000 $40,000 $1,079 8.06%
    38% 2 $380,000 $190,000 $1,734 4.75%
    45% 2 $310,000 $155,000 $1,594 4.56%
    48% 2 $370,000 $185,000 $1,741 4.88%
    50-60% 1 $45,000 $45,000 $551 5.80%
    40% 1 $145,000 $145,000 $1,514 6.63%
    36% 1 $35,000 $35,000 $1,210 6.38%
    41% 1 $215,000 $215,000 $2,225 6.13%
    43% 1 $15,000 $15,000 $814 7.50%

    The Peoples Bank lent most frequently to those with DTI ratios of 20-30%, with 17 originations. The next most common DTI ratio? <20%, with 10 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 63 $8,125,000 $128,968 $1,497 5.67%
    Not applicable 9 $845,000 $93,889 $1,003 5.94%
    American Indian 1 $125,000 $125,000 $1,552 4.75%

    Approval Rates

    Total approvals of all applications
    85.58%

    The Peoples Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.08%

    The Peoples Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 73 $9,095,000 $124,589

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $365,000 $365,000
    Single Family (1-4 Units):Manufactured 19 $965,000 $50,789
    Single Family (1-4 Units):Site-Built 53 $7,765,000 $146,509

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 13 $855,000 $65,769 $1,206 5.65%
    40-60% 22 $2,920,000 $132,727 $1,585 5.38%
    60-80% 23 $3,385,000 $147,174 $1,704 5.85%
    80-100% 14 $1,910,000 $136,429 $1,195 5.94%
    Under 20% 1 $25,000 $25,000 $851 6.15%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    TOP FLITE FINANCIAL INC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%