Peoples Bank Mortgage Rates, Fees & Info
Lebanon, KYLEI: 549300V1L2AOAAI26J57
Tax ID: 61-0305670
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Peoples Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Peoples Bank has a high proportion of conventional loans. Their top markets by origination volume include: Louisville, Frankfort, Panama City, Elizabethtown, and Bardstown among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Peoples Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
32Origination Dollar Volume (All Markets)
$6,010,000Top 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) | 27 | $5,165,000 | $191,296 | $0 | 0.00% |
| Frankfort, KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Bardstown, 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 | 32 | $6,010,000 | $187,813 | $0 | 0.00% |
For 2022, Peoples Bank's most frequently originated type of loan was Conventional, with 32 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 14 | $3,680,000 | $262,857 | $0 | 0.00% |
| Refi | 11 | $1,005,000 | $91,364 | $0 | 0.00% |
| Cash Out Refi | 7 | $1,325,000 | $189,286 | $0 | 0.00% |
For 2022, Peoples Bank's most frequently cited loan purpose was Home Purchase, with 14 originations. The 2nd most popular reason was Refi, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 32 | $6,010,000 | $187,813 | $0 | 0.00% |
For 2022, Peoples Bank's most frequently cited loan duration was Other, with 32 originations.
Loan Sizing
2022 saw Peoples Bank place emphasis on $100k-200k loans with 12 originations, totaling $1,740,000 in origination value.
Applicant Income
Peoples Bank lent most frequently to those with incomes in the $50k-75k range, with 9 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% | 32 | $6,010,000 | $187,813 | $0 | 0.00% |
Peoples Bank lent most frequently to those with DTI ratios of Exempt%, with 32 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 25 | $4,925,000 | $197,000 | $0 | 0.00% |
| Black | 5 | $935,000 | $187,000 | $0 | 0.00% |
| Not applicable | 2 | $150,000 | $75,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications87.18%
Peoples Bank has an average approval rate.
Pick Rate
Approvals leading to origination93.75%
Peoples Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 32 | $6,010,000 | $187,813 |