Peoples Bank Of East Tennessee Mortgage Rates, Fees & Info

Madisonville, TN

LEI: 549300Z52CLXKDXGPH16

Tax ID: 62-1663360

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Peoples Bank Of East Tennessee is a smaller bank specializing in Home Purchase and Refi loans. Peoples Bank Of East Tennessee has a high proportion of conventional loans. Their top markets by origination volume include: Knoxville, Athens, Cleveland, Panama City, and Sevierville among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Peoples Bank Of East Tennessee has an average approval rate when compared to the average across all lenders. They have a below 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

    85

    Origination Dollar Volume (All Markets)

    $17,835,000

    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
    KNOXVILLE, TN (FHA|USDA|VA) 28 $8,410,000 $300,357 $0 0.00%
    Outside of Metro Areas 40 $8,000,000 $200,000 $0 0.00%
    Athens, TN (FHA|USDA|VA) 10 $760,000 $76,000 $0 0.00%
    CLEVELAND, TN (FHA|USDA|VA) 5 $385,000 $77,000 $0 0.00%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
    Sevierville, TN (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    Peoples Bank Of East Tennessee's top markets include Knoxville, Athens, Cleveland, Panama City, and Sevierville among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 85 $17,835,000 $209,824 $0 0.00%

    For 2023, Peoples Bank Of East Tennessee's most frequently originated type of loan was Conventional, with 85 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 34 $9,020,000 $265,294 $0 0.00%
    Refi 33 $7,455,000 $225,909 $0 0.00%
    Home Improvement 12 $1,090,000 $90,833 $0 0.00%
    Other 6 $270,000 $45,000 $0 0.00%

    For 2023, Peoples Bank Of East Tennessee's most frequently cited loan purpose was Home Purchase, with 34 originations. The 2nd most popular reason was Refi, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 85 $17,835,000 $209,824 $0 0.00%

    For 2023, Peoples Bank Of East Tennessee's most frequently cited loan duration was Other, with 85 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 32 $1,800,000 $56,250 $0 0.00%
    $100k-200k 24 $3,670,000 $152,917 $0 0.00%
    $200k-400k 18 $5,330,000 $296,111 $0 0.00%
    $400k-600k 8 $3,800,000 $475,000 $0 0.00%
    $600k-1MM 2 $1,310,000 $655,000 $0 0.00%
    $1MM+ 1 $1,925,000 $1,925,000 $0 0.00%

    2023 saw Peoples Bank Of East Tennessee place emphasis on $100,000 or less loans with 32 originations, totaling $1,800,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 14 $1,410,000 $100,714 $0 0.00%
    $50k or less 14 $1,150,000 $82,143 $0 0.00%
    $250k+ 13 $6,015,000 $462,692 $0 0.00%
    $100k-150k 12 $2,200,000 $183,333 $0 0.00%
    $150k-250k 11 $2,995,000 $272,273 $0 0.00%
    $75k-100k 9 $1,235,000 $137,222 $0 0.00%

    Peoples Bank Of East Tennessee lent most frequently to those with incomes in the $50k-75k range, with 14 originations. The second most popular income band? $50k or less, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 85 $17,835,000 $209,824 $0 0.00%

    Peoples Bank Of East Tennessee lent most frequently to those with DTI ratios of Exempt%, with 85 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 73 $15,205,000 $208,288 $0 0.00%
    Not applicable 9 $1,945,000 $216,111 $0 0.00%
    Asian Indian 1 $445,000 $445,000 $0 0.00%
    Asian 1 $155,000 $155,000 $0 0.00%
    Black 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.08%

    Peoples Bank Of East Tennessee has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.47%

    Peoples Bank Of East Tennessee has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 85 $17,835,000 $209,824

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    85 $17,835,000 $209,824