Peoples Bank Mortgage Rates, Fees & Info
Lubbock, TXLEI: 549300X7PN8KSYQHY415
Tax ID: 75-1254812
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 loans. Peoples Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Lubbock, Dallas, Austin, Odessa, and Amarillo 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 above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
185Origination Dollar Volume (All Markets)
$49,025,000Top 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 |
|---|---|---|---|---|---|
| LUBBOCK, TX (FHA|USDA|VA) | 135 | $33,675,000 | $249,444 | $0 | 0.00% |
| Outside of Metro Areas | 42 | $11,820,000 | $281,429 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $1,585,000 | $317,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $1,245,000 | $1,245,000 | $0 | 0.00% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 145 | $40,105,000 | $276,586 | $0 | 0.00% |
| FHA | 37 | $8,225,000 | $222,297 | $0 | 0.00% |
| VA | 3 | $695,000 | $231,667 | $0 | 0.00% |
For 2023, Peoples Bank's most frequently originated type of loan was Conventional, with 145 originations. Their 2nd most popular type was FHA, with 37 originations.
Loan Reason
For 2023, Peoples Bank's most frequently cited loan purpose was Home Purchase, with 151 originations. The 2nd most popular reason was Cash Out Refi, with 20 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 185 | $49,025,000 | $265,000 | $0 | 0.00% |
For 2023, Peoples Bank's most frequently cited loan duration was Other, with 185 originations.
Loan Sizing
2023 saw Peoples Bank place emphasis on $200k-400k loans with 79 originations, totaling $20,865,000 in origination value.
Applicant Income
Peoples Bank lent most frequently to those with incomes in the $100k-150k range, with 34 originations. The second most popular income band? $50k-75k, with 32 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 185 | $49,025,000 | $265,000 | $0 | 0.00% |
Peoples Bank lent most frequently to those with DTI ratios of Exempt%, with 185 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.67%
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 origination80.00%
Peoples Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 185 | $49,025,000 | $265,000 |