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

Mount Vernon, IL

LEI: 549300U8L31JJT1ZDP60

Tax ID: 37-0458820

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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 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, Carbondale, Mount Vernon, Farmington, and Centralia among others. We have data for 26 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% 4/28/24
    30 Year Conventional Refi 6.64% 4/28/24
    30 Year Cash-out Refi 7.04% 4/28/24
    30 Year FHA Purchase 7.38% 4/28/24
    30 Year VA Purchase 6.49% 4/28/24
    30 Year USDA Purchase 6.95% 4/28/24
    15 Year Conventional Purchase 6.43% 4/28/24
    15 Year Conventional Refi 6.24% 4/28/24
    15 Year Cash-out Refi 6.24% 4/28/24
    15 Year FHA Refi 8.35% 4/28/24
    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

    703

    Origination Dollar Volume (All Markets)

    $117,865,000
    Show all (9) 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
    Outside of Metro Areas 304 $36,290,000 $119,375 $2,421 5.26%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 127 $29,355,000 $231,142 $3,451 5.01%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 95 $13,925,000 $146,579 $2,712 4.76%
    Mount Vernon, IL (FHA|USDA|VA) 84 $10,850,000 $129,167 $2,373 5.24%
    Farmington, MO (FHA|USDA|VA) 2 $9,680,000 $4,840,000 $0 6.25%
    Centralia, IL (FHA|USDA|VA) 67 $8,275,000 $123,507 $2,276 5.38%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 4 $3,480,000 $870,000 $9,600 4.91%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $755,000 $755,000 $7,661 4.50%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $665,000 $665,000 $5,789 6.38%
    Paducah, KY-IL (FHA|USDA|VA) 1 $595,000 $595,000 $9,051 4.88%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $515,000 $515,000 $7,152 3.00%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $445,000 $445,000 $2,410 5.50%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $325,000 $325,000 $0 3.88%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $325,000 $325,000 $2,072 2.63%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $265,000 $265,000 $2,355 6.00%
    Rolla, MO (FHA|USDA|VA) 1 $245,000 $245,000 $3,819 5.50%
    Effingham, IL (FHA|USDA|VA) 1 $245,000 $245,000 $6,562 3.50%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $245,000 $245,000 $3,905 3.25%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $235,000 $235,000 $4,148 8.00%
    GREEN BAY, WI (FHA|USDA|VA) 1 $225,000 $225,000 $6,384 5.88%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $225,000 $225,000 $4,240 5.38%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $185,000 $185,000 $3,281 6.38%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $165,000 $165,000 $4,371 3.50%
    Paris, TN (FHA|USDA|VA) 2 $130,000 $65,000 $0 4.38%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $125,000 $125,000 $1,283 5.50%
    Taylorville, IL (FHA|USDA|VA) 1 $95,000 $95,000 $2,821 2.75%
    Peoples National Bank N.a.'s top markets include St. Louis, Carbondale, Mount Vernon, Farmington, and Centralia among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Kentucky (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: 20
    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 59
    Petefish, Skiles & Co.
    Similarity Rank: 62
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 126
    First National Bank of Waterloo
    Similarity Rank: 216
    Gateway Metro Federal Credit Union
    Similarity Rank: 240
    MORTGAGE SOLUTIONS LLC
    Similarity Rank: 368
    United Bank of Union
    Similarity Rank: 450
    JERSEY STATE BANK
    Similarity Rank: 452
    Banterra Bank
    Similarity Rank: 520

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 614 $106,090,000 $172,785 $2,410 5.19%
    USDA 70 $7,250,000 $103,571 $3,842 4.88%
    FHA 11 $1,875,000 $170,455 $6,699 4.38%
    VA 8 $2,650,000 $331,250 $3,462 4.73%

    For 2022, Peoples National Bank N.a.'s most frequently originated type of loan was Conventional, with 614 originations. Their 2nd most popular type was USDA, with 70 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 580 $96,500,000 $166,379 $2,731 5.22%
    Refi 61 $12,625,000 $206,967 $2,509 4.69%
    Cash Out Refi 40 $5,840,000 $146,000 $2,594 4.85%
    Home Improvement 12 $1,770,000 $147,500 $1,811 4.63%
    Other 10 $1,130,000 $113,000 $2,249 5.24%

    For 2022, Peoples National Bank N.a.'s most frequently cited loan purpose was Home Purchase, with 580 originations. The 2nd most popular reason was Refi, with 61 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 490 $81,440,000 $166,204 $2,829 5.19%
    15 Year 73 $7,335,000 $100,479 $2,219 4.55%
    20 Year 62 $7,980,000 $128,710 $2,249 5.16%
    Other 35 $3,905,000 $111,571 $1,833 5.46%
    5 Year 26 $15,560,000 $598,462 $964 5.41%
    10 Year 10 $500,000 $50,000 $2,527 4.96%
    1 Year 4 $890,000 $222,500 $0 5.25%
    3 Year 3 $255,000 $85,000 $0 5.36%

    For 2022, Peoples National Bank N.a.'s most frequently cited loan duration was 30 Year, with 490 originations. The 2nd most popular length was 15 Year, with 73 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 429 $68,695,000 $160,128
    $1k-2k 115 $13,225,000 $115,000
    $2k-3k 14 $3,190,000 $227,857
    $3k-4k 5 $855,000 $171,000
    $5k+ 5 $1,755,000 $351,000
    $4k-5k 3 $2,345,000 $781,667

    Peoples National Bank N.a.'s average total fees were $2,829, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 429 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 210 $33,550,000 $159,762
    4-5% 187 $29,685,000 $158,743
    6-7% 135 $24,985,000 $185,074
    3-4% 129 $23,075,000 $178,876
    7-8% 21 $3,015,000 $143,571
    2.5-3% 17 $3,115,000 $183,235
    Over 8% 4 $440,000 $110,000

    During 2022, Peoples National Bank N.a.'s average interest rate for loans was 5.19%, while their most frequently originated rate bucket for loans was 5-6%, with 210 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 283 $17,555,000 $62,032 $2,382 5.25%
    $100k-200k 272 $39,980,000 $146,985 $2,720 5.11%
    $200k-400k 109 $28,385,000 $260,413 $2,794 5.06%
    $400k-600k 24 $11,630,000 $484,583 $3,574 4.72%
    $600k-1MM 13 $9,025,000 $694,231 $4,475 4.90%
    $1MM+ 2 $11,290,000 $5,645,000 $13,692 4.81%

    2022 saw Peoples National Bank N.a. place emphasis on $100,000 or less loans with 283 originations, totaling $17,555,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 177 $14,475,000 $81,780 $2,713 5.12%
    $50k-75k 167 $21,985,000 $131,647 $2,567 5.01%
    $75k-100k 116 $17,240,000 $148,621 $2,417 5.35%
    $100k-150k 107 $19,965,000 $186,589 $2,797 5.22%
    $150k-250k 47 $12,315,000 $262,021 $2,985 5.01%
    $250k+ 27 $10,845,000 $401,667 $4,046 5.22%

    Peoples National Bank N.a. lent most frequently to those with incomes in the $50k or less range, with 177 originations. The second most popular income band? $50k-75k, with 167 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 168 $23,920,000 $142,381 $2,649 5.08%
    30-36% 141 $21,805,000 $154,645 $2,770 5.09%
    <20% 72 $10,390,000 $144,306 $2,369 4.95%
    40% 24 $3,080,000 $128,333 $2,597 5.09%
    36% 23 $3,875,000 $168,478 $2,752 5.55%
    42% 22 $4,380,000 $199,091 $3,150 5.40%
    39% 22 $3,290,000 $149,545 $3,325 5.39%
    41% 22 $3,600,000 $163,636 $2,534 5.13%
    37% 21 $4,445,000 $211,667 $3,074 5.26%
    38% 19 $2,835,000 $149,211 $2,617 5.01%
    45% 17 $2,515,000 $147,941 $1,981 5.43%
    43% 17 $2,905,000 $170,882 $2,071 5.28%
    44% 16 $2,200,000 $137,500 $2,678 5.14%
    50-60% 14 $1,840,000 $131,429 $2,453 5.21%
    48% 13 $1,695,000 $130,385 $2,534 5.28%
    46% 12 $1,660,000 $138,333 $2,677 5.20%
    47% 11 $1,915,000 $174,091 $3,472 4.99%
    >60% 11 $1,045,000 $95,000 $0 5.47%
    49% 4 $610,000 $152,500 $2,663 5.28%

    Peoples National Bank N.a. lent most frequently to those with DTI ratios of 20-30%, with 168 originations. The next most common DTI ratio? 30-36%, with 141 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 585 $89,785,000 $153,479 $2,659 5.12%
    Not applicable 51 $18,265,000 $358,137 $0 5.08%
    Not provided 34 $5,180,000 $152,353 $2,723 5.45%
    Black 25 $2,625,000 $105,000 $3,625 5.28%
    Asian 4 $1,050,000 $262,500 $2,578 4.53%
    Asian Indian 1 $685,000 $685,000 $3,811 4.10%
    Other Asian 1 $145,000 $145,000 $1,950 4.50%
    American Indian 1 $75,000 $75,000 $2,058 6.50%
    Japanese 1 $55,000 $55,000 $0 6.13%

    Approval Rates

    Total approvals of all applications
    91.82%

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

    Pick Rate

    Approvals leading to origination
    75.82%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 703 $117,865,000 $167,660

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    703 $117,865,000 $167,660

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 15 $1,995,000 $133,000 $2,002 4.60%
    40-60% 45 $6,385,000 $141,889 $2,562 4.71%
    60-80% 237 $46,595,000 $196,603 $2,397 5.15%
    80-100% 399 $62,485,000 $156,604 $2,864 5.19%
    Over 100% 2 $210,000 $105,000 $5,425 5.50%
    Under 20% 5 $195,000 $39,000 $1,986 5.45%