# Peoples Bank

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


> **📋 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 Bellingham, WA, with 266 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 72% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 61% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 5493001VH4ZJNSI25781
- **Headquarters:** Bellingham, WA
- **Geographic Reach:** Single State
- **States Served:** 1
- **State List:** WA
- **Markets (MSAs):** 6
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Acceptable 🙂
- Score: 28/100
- Rating: ●●○○○ (2/5)

### Pull Through: Acceptable 🙂
- Score: 39/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** +0.177%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $3,143
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 266
- **Dollar Volume:** $159 million
- **Applications Received:** 469
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $596,842
- **Average Borrower Income:** $218,492
- **Average Property Value:** $901,729

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 62/100 | 216 | +0.197% | $3,131 | Strong 😀 |
| Jumbo | 76/100 | 42 | +0.028% | $3,058 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 201 loans, Score: 62/100 (Strong)

**Jumbo:**
- Purchase: 38 loans, Score: 76/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 62/100 | 247 | $150M | +0.143% | Strong 😀 |
| Refinance | 29/100 | 19 | $9M | +0.539% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| WA | 265 | 0.31% | 81/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Bellingham, WA | WA | 83 | 85/100 |
| Mount Vernon | WA | 49 | 98/100 |
| Non |  | 42 | 43/100 |
| Wenatchee | WA | 35 | 79/100 |
| Everett, WA | WA | 23 | 59/100 |
| Seattle | WA | 23 | 54/100 |

## Where This Lender Ranks

Peoples Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥉 **#3** in Bellingham, WA for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/bellingham-wa/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#4** in Mount Vernon for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/mount-vernon/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#5** in Wenatchee for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/wenatchee/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#6** in Bellingham, WA Banks
  - [View Full Rankings](https://saferate.com/bellingham-wa/best-mortgage-lenders/banks)
- 🏆 **#6** in Bellingham, WA for Jumbo Loans
  - [View Full Rankings](https://saferate.com/bellingham-wa/best-mortgage-lenders/jumbo-loans)
- 🏆 **#7** in Bellingham, WA for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/bellingham-wa/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#13** in Mount Vernon
  - [View Full Rankings](https://saferate.com/mount-vernon/best-mortgage-lenders)
- 🏆 **#13** in Wenatchee
  - [View Full Rankings](https://saferate.com/wenatchee/best-mortgage-lenders)
- 🏆 **#16** in Washington for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/washington-state/best-mortgage-lenders/banks/va-loans)
- 🏆 **#16** in Mount Vernon for Conventional Loans
  - [View Full Rankings](https://saferate.com/mount-vernon/best-mortgage-lenders/conventional-loans)
- 🏆 **#18** in Washington for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/washington-state/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#19** in Wenatchee for Conventional Loans
  - [View Full Rankings](https://saferate.com/wenatchee/best-mortgage-lenders/conventional-loans)
- 🏆 **#19** in Everett, WA Banks
  - [View Full Rankings](https://saferate.com/everett-wa/best-mortgage-lenders/banks)
- 🏆 **#19** in Everett, WA for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/everett-wa/best-mortgage-lenders/banks/conventional-loans)

## Frequently Asked Questions

### What loan types does Peoples Bank offer?

Peoples Bank offers the following mortgage loan types: Conventional, Jumbo. 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 1 states: WA.

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

Peoples Bank has a pricing score of 28/100 (Acceptable), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.177% 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 Bellingham, WA.

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

Peoples Bank has a pull-through score of 39/100 (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/peoples-bank-wa

### How to Cite

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

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