Peoples Bank Mortgage Rates, Fees & Info

Marietta, OH

LEI: I70W3N0Z6KOX8FYIH023

Tax ID: 31-1278433

5 stars - Updated: 5/19/24 - out of 5 stars, based on 43 reviews

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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Marietta, Cincinnati, Parkersburg, Huntington, and Columbus among others. We have data for 65 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 a below average pick rate when compared to similar lenders. Peoples Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 4.95% 5/19/24
30 Year Conventional Purchase 7.07% 5/19/24
30 Year Conventional Refi 6.67% 5/19/24
30 Year Cash-out Refi 6.95% 5/19/24
30 Year FHA Purchase 7.33% 5/19/24
30 Year FHA Refi 6.27% 5/19/24
30 Year VA Purchase 6.27% 5/19/24
30 Year USDA Purchase 7.07% 5/19/24
15 Year Conventional Purchase 6.39% 5/19/24
15 Year Conventional Refi 6.83% 5/19/24
15 Year Cash-out Refi 6.83% 5/19/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Peoples Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Peoples Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,891

Origination Dollar Volume (All Markets)

$215,295,000
Show all (14) awards

Relative Rate

Peoples Bank's average 30 year fixed mortgage rate was 6.84%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.36%.

Relative Fees (Closing Costs)

Peoples Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $3,561.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
Outside of Metro Areas 427 $32,555,000 $76,241 $2,760 7.43%
Marietta, OH (FHA|USDA|VA) 200 $21,450,000 $107,250 $3,551 7.29%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 187 $20,745,000 $110,936 $2,689 6.32%
PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 155 $17,585,000 $113,452 $4,027 6.79%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 108 $14,450,000 $133,796 $2,873 7.35%
COLUMBUS, OH (FHA|USDA|VA) 79 $10,735,000 $135,886 $3,003 6.60%
Cambridge, OH (FHA|USDA|VA) 81 $10,535,000 $130,062 $2,548 7.39%
MORGANTOWN, WV (FHA|USDA|VA) 7 $8,285,000 $1,183,571 $3,656 6.78%
LOUISVILLE, KY (FHA|USDA|VA) 52 $5,980,000 $115,000 $1,741 6.31%
BOWLING GREEN, KY (FHA|USDA|VA) 11 $5,955,000 $541,364 $3,713 7.15%
CANTON-MASSILLON, OH (FHA|USDA|VA) 6 $5,510,000 $918,333 $2,763 6.51%
Portsmouth, OH (FHA|USDA|VA) 68 $5,070,000 $74,559 $2,321 7.38%
Wilmington, OH (FHA|USDA|VA) 61 $4,685,000 $76,803 $1,976 6.49%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 17 $4,345,000 $255,588 $2,442 6.02%
Athens, OH (FHA|USDA|VA) 45 $4,185,000 $93,000 $3,609 6.96%
Point Pleasant, WV-OH (FHA|USDA|VA) 52 $3,810,000 $73,269 $3,263 6.56%
CHARLESTON, WV (FHA|USDA|VA) 39 $3,645,000 $93,462 $4,418 6.71%
Zanesville, OH (FHA|USDA|VA) 33 $3,355,000 $101,667 $3,510 7.71%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 6 $3,200,000 $533,333 $0 6.23%
AKRON, OH (FHA|USDA|VA) 29 $2,975,000 $102,586 $2,792 7.40%
Key West, FL (FHA|USDA|VA) 2 $2,930,000 $1,465,000 $7,886 6.38%
DAYTON-KETTERING, OH (FHA|USDA|VA) 26 $2,470,000 $95,000 $2,341 6.95%
Coshocton, OH (FHA|USDA|VA) 31 $2,185,000 $70,484 $5,271 6.43%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 20 $2,080,000 $104,000 $2,955 7.32%
Jackson, OH (FHA|USDA|VA) 31 $1,985,000 $64,032 $3,570 7.23%
Maysville, KY (FHA|USDA|VA) 19 $1,925,000 $101,316 $2,567 7.06%
Glasgow, KY (FHA|USDA|VA) 6 $1,100,000 $183,333 $3,837 7.77%
Campbellsville, KY (FHA|USDA|VA) 8 $950,000 $118,750 $1,491 6.03%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $925,000 $925,000 $5,036 6.50%
OWENSBORO, KY (FHA|USDA|VA) 7 $855,000 $122,143 $0 8.00%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $755,000 $755,000 $3,620 6.59%
Mount Vernon, OH (FHA|USDA|VA) 8 $640,000 $80,000 $2,288 6.66%
WHEELING, WV-OH (FHA|USDA|VA) 4 $590,000 $147,500 $4,111 6.37%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $555,000 $555,000 $15,277 8.00%
Mount Gay-Shamrock, WV (FHA|USDA|VA) 12 $550,000 $45,833 $4,231 7.70%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 4 $440,000 $110,000 $4,207 7.18%
Frankfort, KY (FHA|USDA|VA) 3 $435,000 $145,000 $3,721 8.71%
Washington Court House, OH (FHA|USDA|VA) 6 $430,000 $71,667 $1,827 8.23%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $365,000 $365,000 $5,779 6.50%
Bluefield, WV-VA (FHA|USDA|VA) 1 $345,000 $345,000 $6,451 7.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $275,000 $275,000 $9,383 7.13%
Bellefontaine, OH (FHA|USDA|VA) 1 $255,000 $255,000 $3,711 7.13%
RICHMOND, VA (FHA|USDA|VA) 4 $250,000 $62,500 $0 6.31%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $245,000 $245,000 $4,278 7.38%
New Philadelphia-Dover, OH (FHA|USDA|VA) 4 $230,000 $57,500 $0 8.31%
ROANOKE, VA (FHA|USDA|VA) 1 $225,000 $225,000 $5,335 6.13%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $215,000 $215,000 $5,156 6.13%
Chillicothe, OH (FHA|USDA|VA) 2 $210,000 $105,000 $754 5.82%
Bardstown, KY (FHA|USDA|VA) 1 $195,000 $195,000 $1,208 4.99%
PITTSBURGH, PA (FHA|USDA|VA) 2 $190,000 $95,000 $5,860 7.13%
BOISE CITY, ID (FHA|USDA|VA) 1 $185,000 $185,000 $4,614 5.88%
JACKSON, TN (FHA|USDA|VA) 1 $185,000 $185,000 $2,842 6.38%
St. Marys, GA (FHA|USDA|VA) 1 $175,000 $175,000 $3,661 6.00%
Mount Sterling, KY (FHA|USDA|VA) 2 $130,000 $65,000 $0 5.87%
BECKLEY, WV (FHA|USDA|VA) 1 $125,000 $125,000 $2,998 6.75%
Clarksburg, WV (FHA|USDA|VA) 2 $110,000 $55,000 $0 7.12%
MUNCIE, IN (FHA|USDA|VA) 1 $105,000 $105,000 $2,905 6.38%
Wooster, OH (FHA|USDA|VA) 2 $90,000 $45,000 $0 7.88%
Richmond-Berea, KY (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.99%
Danville, KY (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.99%
Fairmont, WV (FHA|USDA|VA) 1 $55,000 $55,000 $2,012 6.50%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $45,000 $45,000 $0 9.00%
Sandusky, OH (FHA|USDA|VA) 1 $45,000 $45,000 $3,551 7.63%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $45,000 $45,000 $0 8.75%
SPRINGFIELD, OH (FHA|USDA|VA) 1 $25,000 $25,000 $0 11.25%
Peoples Bank's top markets include Marietta, Cincinnati, Parkersburg, Huntington, and Columbus among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Florida (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.

    FIRESTONE
    Similarity Rank: 9
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    Similarity Rank: 15
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    Similarity Rank: 150
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,144 $83,010,000 $72,561 n/a 7.05%
    Conventional 710 $126,210,000 $177,761 $2,905 7.02%
    FHA 28 $4,770,000 $170,357 $7,543 6.73%
    USDA 9 $1,305,000 $145,000 $5,402 6.46%

    For 2023, Peoples Bank's most frequently originated type of loan was HELOC, with 1,144 originations. Their 2nd most popular type was Conventional, with 710 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 613 $41,135,000 $67,104 $1,409 7.28%
    Home Purchase 505 $96,785,000 $191,653 $3,530 6.82%
    Cash Out Refi 438 $53,950,000 $123,174 $3,178 6.74%
    Other 265 $15,555,000 $58,698 $1,445 7.41%
    Refi 70 $7,870,000 $112,429 $2,854 6.90%

    For 2023, Peoples Bank's most frequently cited loan purpose was Home Improvement, with 613 originations. The 2nd most popular reason was Home Purchase, with 505 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 1,192 $101,330,000 $85,008 $1,202 7.06%
    30 Year 512 $85,460,000 $166,914 $3,561 6.84%
    20 Year 107 $9,685,000 $90,514 $1,664 7.80%
    15 Year 61 $4,925,000 $80,738 $3,144 6.82%
    5 Year 14 $6,790,000 $485,000 $1,129 6.96%
    Other 4 $6,900,000 $1,725,000 $2,901 6.36%
    1 Year 1 $205,000 $205,000 $0 7.68%

    For 2023, Peoples Bank's most frequently cited loan duration was 10 Year, with 1,192 originations. The 2nd most popular length was 30 Year, with 512 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 319 $56,125,000 $175,940
    $<1k 301 $27,395,000 $91,013
    $2k-3k 55 $9,005,000 $163,727
    $3k-4k 22 $3,550,000 $161,364
    $4k-5k 11 $1,755,000 $159,545
    $5k+ 10 $3,150,000 $315,000

    Peoples Bank's average total fees were $3,561, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 319 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 539 $58,585,000 $108,692
    Over 8% 538 $34,840,000 $64,758
    3-4% 379 $32,565,000 $85,923
    6-7% 326 $69,860,000 $214,294
    5-6% 82 $15,170,000 $185,000
    4-5% 24 $3,280,000 $136,667
    2.5-3% 3 $995,000 $331,667

    During 2023, Peoples Bank's average interest rate for loans was 6.84%, while their most frequently originated rate bucket for loans was 7-8%, with 539 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,218 $59,370,000 $48,744 $2,188 7.22%
    $100k-200k 471 $64,915,000 $137,824 $3,349 6.74%
    $200k-400k 155 $39,875,000 $257,258 $4,883 6.62%
    $400k-600k 24 $11,250,000 $468,750 $5,434 6.27%
    $600k-1MM 13 $9,955,000 $765,769 $4,731 6.24%
    $1MM+ 10 $29,930,000 $2,993,000 $11,827 6.78%

    2023 saw Peoples Bank place emphasis on $100,000 or less loans with 1,218 originations, totaling $59,370,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 467 $29,175,000 $62,473 $2,681 7.08%
    $50k-75k 461 $38,445,000 $83,395 $3,046 7.08%
    $100k-150k 343 $35,185,000 $102,580 $3,526 7.03%
    $75k-100k 326 $28,220,000 $86,564 $3,122 7.24%
    $150k-250k 161 $24,595,000 $152,764 $3,329 6.76%
    $250k+ 62 $24,690,000 $398,226 $4,768 6.50%

    Peoples Bank lent most frequently to those with incomes in the $50k or less range, with 467 originations. The second most popular income band? $50k-75k, with 461 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 454 $44,080,000 $97,093 $3,248 6.90%
    30-36% 410 $39,100,000 $95,366 $2,979 7.02%
    <20% 196 $19,120,000 $97,551 $3,319 6.67%
    42% 155 $11,945,000 $77,065 $2,134 7.57%
    41% 111 $9,195,000 $82,838 $2,494 7.28%
    40% 99 $10,145,000 $102,475 $3,007 7.05%
    36% 91 $10,135,000 $111,374 $2,638 7.08%
    39% 81 $8,405,000 $103,765 $3,244 7.36%
    37% 72 $6,460,000 $89,722 $2,767 7.20%
    38% 72 $7,330,000 $101,806 $3,050 7.06%
    43% 22 $3,210,000 $145,909 $3,966 7.08%
    45% 17 $2,765,000 $162,647 $5,007 6.90%
    50-60% 16 $1,930,000 $120,625 $5,792 6.71%
    44% 14 $1,880,000 $134,286 $3,838 6.84%
    47% 13 $2,155,000 $165,769 $3,987 6.97%
    48% 11 $2,185,000 $198,636 $4,401 6.84%
    >60% 11 $895,000 $81,364 $3,855 8.04%
    46% 10 $1,620,000 $162,000 $3,132 6.50%
    49% 7 $1,435,000 $205,000 $4,975 5.77%

    Peoples Bank lent most frequently to those with DTI ratios of 20-30%, with 454 originations. The next most common DTI ratio? 30-36%, with 410 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,746 $168,900,000 $96,735 $3,137 7.03%
    Not applicable 21 $29,965,000 $1,426,905 $0 6.82%
    Not provided 53 $7,485,000 $141,226 $3,302 7.59%
    Black 56 $6,330,000 $113,036 $2,337 6.93%
    Asian 11 $1,985,000 $180,455 $4,160 7.10%
    American Indian 3 $375,000 $125,000 $5,547 6.00%
    Other Asian 1 $255,000 $255,000 $0 3.99%

    Approval Rates

    Total approvals of all applications
    72.85%

    Peoples Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    83.98%

    Peoples Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,891 $215,295,000 $113,852

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,891 $215,295,000 $113,852

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 573 $43,895,000 $76,606 $1,887 7.11%
    40-60% 222 $27,920,000 $125,766 $3,011 6.95%
    60-80% 247 $67,975,000 $275,202 $3,933 6.80%
    80-100% 353 $55,985,000 $158,598 $3,477 6.90%
    Over 100% 1 $915,000 $915,000 $0 7.63%
    Under 20% 495 $18,605,000 $37,586 $967 7.19%