Peoples Bank Mortgage Rates, Fees & Info
Lebanon, KYLEI: 549300V1L2AOAAI26J57
Tax ID: 61-0305670
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Mortgage Data
Review & Overview
Peoples Bank is a smaller bank specializing in Home Purchase loans. Peoples Bank has a high proportion of conventional loans. Their top markets by origination volume include: Louisville, Cleveland, Bardstown, Indianapolis, and Bowling Green among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Peoples 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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Originations
38Origination Dollar Volume (All Markets)
$7,310,000Top 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 |
|---|---|---|---|---|---|
| LOUISVILLE, KY (FHA|USDA|VA) | 33 | $5,935,000 | $179,848 | $0 | 0.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $0 | 0.00% |
| Bardstown, KY (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Peoples Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 38 | $7,310,000 | $192,368 | $0 | 0.00% |
For 2023, Peoples Bank's most frequently originated type of loan was Conventional, with 38 originations.
Loan Reason
For 2023, Peoples Bank's most frequently cited loan purpose was Home Purchase, with 22 originations. The 2nd most popular reason was Refi, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 38 | $7,310,000 | $192,368 | $0 | 0.00% |
For 2023, Peoples Bank's most frequently cited loan duration was Other, with 38 originations.
Loan Sizing
2023 saw Peoples Bank place emphasis on $100,000 or less loans with 14 originations, totaling $980,000 in origination value.
Applicant Income
Peoples Bank lent most frequently to those with incomes in the $50k or less range, with 10 originations. The second most popular income band? $100k-150k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 38 | $7,310,000 | $192,368 | $0 | 0.00% |
Peoples Bank lent most frequently to those with DTI ratios of Exempt%, with 38 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 33 | $5,555,000 | $168,333 | $0 | 0.00% |
| Not applicable | 5 | $1,755,000 | $351,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications97.50%
Peoples Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination97.37%
Peoples 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 |
|---|---|---|---|
| Exempt | 38 | $7,310,000 | $192,368 |