Peoples Bank Mortgage Rates, Fees & Info
Lubbock, TXLEI: 549300X7PN8KSYQHY415
Tax ID: 75-1254812
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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 a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Lubbock, Dallas, Amarillo, Midland, and Corpus Christi among others. We have data for 11 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
313Origination Dollar Volume (All Markets)
$83,045,000Top 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) | 210 | $54,990,000 | $261,857 | $0 | 0.00% |
| Outside of Metro Areas | 73 | $18,665,000 | $255,685 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 10 | $3,990,000 | $399,000 | $0 | 0.00% |
| AMARILLO, TX (FHA|USDA|VA) | 8 | $1,590,000 | $198,750 | $0 | 0.00% |
| MIDLAND, TX (FHA|USDA|VA) | 5 | $1,485,000 | $297,000 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 0.00% |
| WACO, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 293 | $78,375,000 | $267,491 | $0 | 0.00% |
| FHA | 18 | $4,090,000 | $227,222 | $0 | 0.00% |
| VA | 2 | $580,000 | $290,000 | $0 | 0.00% |
For 2022, Peoples Bank's most frequently originated type of loan was Conventional, with 293 originations. Their 2nd most popular type was FHA, with 18 originations.
Loan Reason
For 2022, Peoples Bank's most frequently cited loan purpose was Home Purchase, with 232 originations. The 2nd most popular reason was Cash Out Refi, with 31 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 313 | $83,045,000 | $265,319 | $0 | 0.00% |
For 2022, Peoples Bank's most frequently cited loan duration was Other, with 313 originations.
Loan Sizing
2022 saw Peoples Bank place emphasis on $200k-400k loans with 109 originations, totaling $30,325,000 in origination value.
Applicant Income
Peoples Bank lent most frequently to those with incomes in the $100k-150k range, with 62 originations. The second most popular income band? $250k+, with 58 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 313 | $83,045,000 | $265,319 | $0 | 0.00% |
Peoples Bank lent most frequently to those with DTI ratios of Exempt%, with 313 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.18%
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 origination83.71%
Peoples Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 313 | $83,045,000 | $265,319 |