# New Peoples Bank, Inc.

> **Canonical URL:** https://saferate.com/lenders/new-peoples-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


New Peoples Bank, Inc. is a bank, headquartered in Honaker, VA, serving borrowers across 5 states, with 43 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 90% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 68% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300GIR2ODBIF9VF65
- **Headquarters:** Honaker, VA
- **Geographic Reach:** Regional
- **States Served:** 5
- **State List:** NC, SC, TN, VA, WV
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Mediocre 😐
- Score: 10/100
- Rating: ●○○○○ (1/5)

### Pull Through: Acceptable 🙂
- Score: 32/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** +0.178%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,750
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 43
- **Dollar Volume:** $14 million
- **Applications Received:** 67
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $314,535
- **Average Borrower Income:** $167,116
- **Average Property Value:** $438,721

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 29/100 | 42 | +0.178% | $2,750 | Acceptable 🙂 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 29 loans, Score: 19/100 (Mediocre)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 20/100 | 30 | $11M | +0.231% | Mediocre 😐 |
| Refinance | 22/100 | 13 | $3M | +0.084% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| VA | 22 | 0.02% | 55/100 |
| WV | 10 | 0.06% | 48/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 28 | 46/100 |
| Kingsport | TN-VA | 11 | 52/100 |

## Where This Lender Ranks

New Peoples Bank, Inc. appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#12** in Kingsport for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/kingsport/best-mortgage-lenders/banks/conventional-loans)

## Frequently Asked Questions

### What loan types does New Peoples Bank, Inc. offer?

New Peoples Bank, Inc. offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does New Peoples Bank, Inc. offer mortgages?

New Peoples Bank, Inc. offers mortgages in 5 states: NC, SC, TN, VA, WV.

### How competitive are New Peoples Bank, Inc.'s mortgage rates?

New Peoples Bank, Inc. has a pricing score of 10/100 (Mediocre), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.178% above market average.

### What type of lender is New Peoples Bank, Inc.?

New Peoples Bank, Inc. is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Honaker, VA.

### What is New Peoples Bank, Inc.'s loan approval success rate?

New Peoples Bank, Inc. has a pull-through score of 32/100 (Acceptable). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/new-peoples-bank

### How to Cite

> "New Peoples Bank, Inc. Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/new-peoples-bank

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