Peoples Bank Mortgage Rates, Fees & Info

Lebanon, KY

LEI: 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.

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.

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Originations

32

Origination Dollar Volume (All Markets)

$6,010,000

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) 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%
Peoples Bank's top markets include Louisville, Frankfort, Panama City, Elizabethtown, and Bardstown among others.

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

    The Peoples Bank
    Similarity Rank: 420
    COMMONWEALTH
    Similarity Rank: 425
    INDIANA MEMBERS CREDIT UNION
    Similarity Rank: 442
    TRANSCEND
    Similarity Rank: 558
    Abound Federal Credit Union
    Similarity Rank: 561
    Forcht Bank
    Similarity Rank: 980
    VILLAGE CAPITAL MORTGAGE
    Similarity Rank: 1188
    Central Bank
    Similarity Rank: 1260

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 12 $1,740,000 $145,000 $0 0.00%
    $200k-400k 10 $2,890,000 $289,000 $0 0.00%
    $100,000 or less 8 $480,000 $60,000 $0 0.00%
    $400k-600k 2 $900,000 $450,000 $0 0.00%

    2022 saw Peoples Bank place emphasis on $100k-200k loans with 12 originations, totaling $1,740,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 9 $1,585,000 $176,111 $0 0.00%
    $100k-150k 7 $2,125,000 $303,571 $0 0.00%
    $50k or less 5 $395,000 $79,000 $0 0.00%
    $75k-100k 5 $835,000 $167,000 $0 0.00%
    $150k-250k 4 $920,000 $230,000 $0 0.00%

    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 applications
    87.18%

    Peoples Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.75%

    Peoples Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 32 $6,010,000 $187,813

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    32 $6,010,000 $187,813