Peoples National Bank N.a. Mortgage Rates, Fees & Info

Mount Vernon, IL

LEI: 549300U8L31JJT1ZDP60

Tax ID: 37-0458820

5 stars - Updated: 11/17/24 - out of 5 stars, based on 22 reviews

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    Peoples National Bank N.a. is a smaller bank specializing in Home Purchase loans. Peoples National Bank N.a. has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: St. Louis, Mount Vernon, Carbondale, Centralia, and Decatur among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Peoples National Bank N.a. has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Peoples National Bank N.a. 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 relatively high 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 6.84% 11/17/24
    30 Year Conventional Refi 6.64% 11/17/24
    30 Year Cash-out Refi 7.04% 11/17/24
    30 Year FHA Purchase 7.38% 11/17/24
    30 Year VA Purchase 6.49% 11/17/24
    30 Year USDA Purchase 6.95% 11/17/24
    15 Year Conventional Purchase 6.43% 11/17/24
    15 Year Conventional Refi 6.24% 11/17/24
    15 Year Cash-out Refi 6.24% 11/17/24
    15 Year FHA Refi 8.35% 11/17/24
    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.

    Peoples National Bank N.a. Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Peoples National Bank N.a.. 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

    484

    Origination Dollar Volume (All Markets)

    $73,740,000
    Show all (11) awards

    Relative Rate

    Peoples National Bank N.a.'s average 30 year fixed mortgage rate was 6.71%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of 0.23%.

    Relative Fees (Closing Costs)

    Peoples National Bank N.a.'s average total fees/closing costs for a 30 year fixed rate mortgage were $2,735.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

    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
    Outside of Metro Areas 210 $25,250,000 $120,238 $2,590 6.88%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 63 $17,685,000 $280,714 $3,492 7.13%
    Mount Vernon, IL (FHA|USDA|VA) 83 $10,725,000 $129,217 $2,203 7.25%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 62 $8,430,000 $135,968 $2,977 6.91%
    Centralia, IL (FHA|USDA|VA) 53 $6,575,000 $124,057 $2,231 7.50%
    DECATUR, IL (FHA|USDA|VA) 2 $1,580,000 $790,000 $3,098 7.43%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $725,000 $725,000 $4,323 8.00%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $710,000 $355,000 $3,104 7.38%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $495,000 $495,000 $5,196 6.50%
    JOPLIN, MO (FHA|USDA|VA) 1 $475,000 $475,000 $3,561 7.50%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $325,000 $325,000 $3,207 6.25%
    Rolla, MO (FHA|USDA|VA) 1 $285,000 $285,000 $2,783 8.00%
    Vincennes, IN (FHA|USDA|VA) 1 $165,000 $165,000 $3,085 7.63%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $145,000 $145,000 $2,752 6.63%
    Jasper, IN (FHA|USDA|VA) 1 $85,000 $85,000 $3,907 5.88%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $85,000 $85,000 $2,806 5.75%
    Peoples National Bank N.a.'s top markets include St. Louis, Mount Vernon, Carbondale, Centralia, and Decatur among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

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

    SIU
    Similarity Rank: 6
    Community Mortgage Banc Corporation
    Similarity Rank: 84
    Petefish, Skiles & Co.
    Similarity Rank: 85
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 96
    1ST MIDAMERICA
    Similarity Rank: 286
    Banterra Bank
    Similarity Rank: 299
    CNB Bank And Trust, N.A.
    Similarity Rank: 323
    FIRST COMMUNITY
    Similarity Rank: 336
    First National Bank of Waterloo
    Similarity Rank: 340
    United Bank of Union
    Similarity Rank: 360

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 442 $69,270,000 $156,719 $2,471 7.13%
    USDA 37 $3,505,000 $94,730 $3,734 6.24%
    VA 3 $625,000 $208,333 $8,946 5.54%
    FHA 2 $340,000 $170,000 $6,294 6.56%

    For 2023, Peoples National Bank N.a.'s most frequently originated type of loan was Conventional, with 442 originations. Their 2nd most popular type was USDA, with 37 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 398 $62,750,000 $157,663 $2,768 7.00%
    Refi 44 $6,010,000 $136,591 $2,075 7.15%
    Cash Out Refi 21 $2,045,000 $97,381 $2,296 6.92%
    Other 12 $1,120,000 $93,333 $1,812 7.90%
    Home Improvement 9 $1,815,000 $201,667 $1,666 7.94%

    For 2023, Peoples National Bank N.a.'s most frequently cited loan purpose was Home Purchase, with 398 originations. The 2nd most popular reason was Refi, with 44 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 362 $55,930,000 $154,503 $2,735 6.71%
    20 Year 43 $4,245,000 $98,721 $2,475 8.00%
    Other 32 $4,610,000 $144,063 $1,647 9.00%
    15 Year 17 $1,315,000 $77,353 $2,271 6.97%
    5 Year 17 $5,525,000 $325,000 $0 7.39%
    10 Year 7 $345,000 $49,286 $1,033 8.32%
    1 Year 4 $880,000 $220,000 $0 8.56%
    3 Year 2 $890,000 $445,000 $0 7.25%

    For 2023, Peoples National Bank N.a.'s most frequently cited loan duration was 30 Year, with 362 originations. The 2nd most popular length was 20 Year, with 43 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 273 $41,795,000 $153,095
    $1k-2k 114 $13,820,000 $121,228
    $2k-3k 9 $2,065,000 $229,444
    $3k-4k 3 $995,000 $331,667
    $4k-5k 2 $660,000 $330,000
    $5k+ 2 $630,000 $315,000

    Peoples National Bank N.a.'s average total fees were $2,735, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 273 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 205 $31,465,000 $153,488
    7-8% 138 $26,110,000 $189,203
    5-6% 74 $9,310,000 $125,811
    Over 8% 67 $6,855,000 $102,313

    During 2023, Peoples National Bank N.a.'s average interest rate for loans was 6.71%, while their most frequently originated rate bucket for loans was 6-7%, with 205 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 195 $28,055,000 $143,872 $2,710 6.96%
    $100,000 or less 192 $11,970,000 $62,344 $2,398 7.12%
    $200k-400k 72 $19,250,000 $267,361 $2,849 7.14%
    $400k-600k 20 $10,050,000 $502,500 $3,768 6.95%
    $600k-1MM 4 $3,130,000 $782,500 $3,779 7.31%
    $1MM+ 1 $1,285,000 $1,285,000 $0 7.85%

    2023 saw Peoples National Bank N.a. place emphasis on $100k-200k loans with 195 originations, totaling $28,055,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 114 $13,360,000 $117,193 $2,660 6.82%
    $50k or less 112 $8,790,000 $78,482 $2,445 6.79%
    $75k-100k 79 $11,235,000 $142,215 $2,669 7.06%
    $100k-150k 78 $14,930,000 $191,410 $2,601 7.19%
    $150k-250k 32 $8,600,000 $268,750 $3,432 7.15%
    $250k+ 17 $6,345,000 $373,235 $3,305 7.52%

    Peoples National Bank N.a. lent most frequently to those with incomes in the $50k-75k range, with 114 originations. The second most popular income band? $50k or less, with 112 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 118 $16,380,000 $138,814 $2,617 6.77%
    30-36% 87 $14,775,000 $169,828 $2,932 6.84%
    <20% 40 $4,310,000 $107,750 $2,518 6.79%
    38% 17 $1,935,000 $113,824 $2,733 6.74%
    36% 17 $2,315,000 $136,176 $2,515 6.96%
    41% 16 $1,810,000 $113,125 $2,672 6.99%
    50-60% 16 $2,370,000 $148,125 $1,993 8.02%
    43% 16 $2,680,000 $167,500 $2,454 7.51%
    37% 15 $2,375,000 $158,333 $2,935 7.06%
    40% 14 $2,500,000 $178,571 $2,973 7.47%
    39% 13 $1,395,000 $107,308 $2,657 6.96%
    42% 12 $1,220,000 $101,667 $2,010 7.40%
    44% 12 $1,440,000 $120,000 $2,721 6.56%
    46% 9 $1,895,000 $210,556 $2,899 6.72%
    45% 9 $2,165,000 $240,556 $2,677 7.17%
    >60% 9 $1,275,000 $141,667 $1,408 8.56%
    49% 8 $1,420,000 $177,500 $2,296 7.67%
    47% 6 $910,000 $151,667 $2,419 6.29%
    48% 4 $720,000 $180,000 $2,310 6.88%

    Peoples National Bank N.a. lent most frequently to those with DTI ratios of 20-30%, with 118 originations. The next most common DTI ratio? 30-36%, with 87 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 410 $59,810,000 $145,878 $2,624 6.97%
    Not applicable 44 $9,550,000 $217,045 $0 7.79%
    Not provided 16 $2,470,000 $154,375 $3,194 7.22%
    Black 9 $865,000 $96,111 $2,930 7.04%
    Asian 2 $710,000 $355,000 $2,524 6.81%
    American Indian 2 $180,000 $90,000 $2,988 6.50%
    Asian Indian 1 $155,000 $155,000 $3,216 7.25%

    Approval Rates

    Total approvals of all applications
    91.12%

    Peoples National Bank N.a. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.54%

    Peoples National Bank N.a. has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 484 $73,740,000 $152,355

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    484 $73,740,000 $152,355

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $2,150,000 $89,583 $2,064 6.92%
    40-60% 45 $6,345,000 $141,000 $2,539 6.88%
    60-80% 144 $23,540,000 $163,472 $2,615 7.18%
    80-100% 263 $41,115,000 $156,331 $2,747 6.99%
    Over 100% 1 $185,000 $185,000 $9,979 5.63%
    Under 20% 7 $405,000 $57,857 $1,153 8.66%