# Peoples Bank

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


> **📋 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


Peoples Bank is a bank, headquartered in Munster, IN, serving borrowers across 10 states, with 181 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 30% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 30% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300Y7HCU10KIRLG30
- **Headquarters:** Munster, IN
- **Geographic Reach:** Multi-Region
- **States Served:** 10
- **State List:** AZ, FL, IL, IN, KY, MI, MO, TN, TX, WI
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 70/100
- Rating: ●●●●○ (4/5)

### Pull Through: Strong 😀
- Score: 70/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.035%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,548
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 181
- **Dollar Volume:** $61 million
- **Applications Received:** 232
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $335,055
- **Average Borrower Income:** $157,702
- **Average Property Value:** $475,608

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (64%)
- ⭐ **Refinance Gold Superstar** (64%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 51/100 | 172 | +0.017% | $1,578 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 135 loans, Score: 50/100 (Sound)
- Refinance: 37 loans, Score: 51/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 49/100 | 144 | $49M | +0.080% | Sound ☺️ |
| Refinance | 48/100 | 37 | $11M | -0.103% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IN | 135 | 0.15% | 70/100 |
| IL | 29 | 0.02% | 53/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Lake County | IN | 129 | 90/100 |
| Chicago | IL | 26 | 53/100 |

## Where This Lender Ranks

Peoples Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Lake County
  - [View Full Rankings](https://saferate.com/lake-county/best-mortgage-lenders)
- 🥇 **#1** in Lake County Banks
  - [View Full Rankings](https://saferate.com/lake-county/best-mortgage-lenders/banks)
- 🥉 **#3** in Lake County for Jumbo Loans
  - [View Full Rankings](https://saferate.com/lake-county/best-mortgage-lenders/jumbo-loans)
- 🥉 **#3** in Lake County for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/lake-county/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#7** in Lake County for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/lake-county/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#12** in Lake County for Conventional Loans
  - [View Full Rankings](https://saferate.com/lake-county/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

### What loan types does Peoples Bank offer?

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

### Where does Peoples Bank offer mortgages?

Peoples Bank offers mortgages in 10 states: AZ, FL, IL, IN, KY, MI, MO, TN, TX, WI.

### How competitive are Peoples Bank's mortgage rates?

Peoples Bank has a pricing score of 70/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.035% above market average.

### What type of lender is Peoples Bank?

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

### What is Peoples Bank's loan approval success rate?

Peoples Bank has a pull-through score of 70/100 (Strong). 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/peoples-bank-in

### How to Cite

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

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