# PeoplesBank

> **Canonical URL:** https://saferate.com/lenders/peoplesbank


> **📋 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


PeoplesBank is a bank, headquartered in Holyoke, MA, serving borrowers across 6 states, with 243 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 9% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 28% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300IYKILIU506KA05
- **Headquarters:** Holyoke, MA
- **Geographic Reach:** Multi-Region
- **States Served:** 6
- **State List:** CT, MA, ME, NH, RI, VT
- **Markets (MSAs):** 5
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 91/100
- Rating: ●●●●● (5/5)

### Pull Through: Strong 😀
- Score: 72/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** -0.101%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $708
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 243
- **Dollar Volume:** $93 million
- **Applications Received:** 307
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $383,765
- **Average Borrower Income:** $175,938
- **Average Property Value:** $500,967

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (78%)
- ⭐ **Purchase Gold Superstar** (71%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 61/100 | 226 | -0.085% | $688 | Strong 😀 |
| Jumbo | 45/100 | 17 | -0.317% | $971 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 196 loans, Score: 59/100 (Sound)
- Refinance: 30 loans, Score: 52/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 59/100 | 213 | $88M | -0.146% | Sound ☺️ |
| Refinance | 50/100 | 30 | $5M | +0.268% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MA | 167 | 0.28% | 74/100 |
| CT | 65 | 0.19% | 65/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Springfield, MA | MA | 106 | 85/100 |
| Hartford | CT | 40 | 62/100 |
| Amherst Town | MA | 39 | 78/100 |
| New Haven, CT | CT | 19 | 54/100 |
| Worcester, MA | MA | 10 | 44/100 |

## Where This Lender Ranks

PeoplesBank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Amherst Town
  - [View Full Rankings](https://saferate.com/amherst-town/best-mortgage-lenders)
- 🥇 **#1** in Amherst Town Banks
  - [View Full Rankings](https://saferate.com/amherst-town/best-mortgage-lenders/banks)
- 🥈 **#2** in Springfield, MA Banks
  - [View Full Rankings](https://saferate.com/springfield-ma/best-mortgage-lenders/banks)
- 🥈 **#2** in Springfield, MA for Conventional Loans
  - [View Full Rankings](https://saferate.com/springfield-ma/best-mortgage-lenders/conventional-loans)
- 🥈 **#2** in Springfield, MA for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/springfield-ma/best-mortgage-lenders/banks/conventional-loans)
- 🥉 **#3** in Springfield, MA
  - [View Full Rankings](https://saferate.com/springfield-ma/best-mortgage-lenders)
- 🥉 **#3** in Amherst Town for Conventional Loans
  - [View Full Rankings](https://saferate.com/amherst-town/best-mortgage-lenders/conventional-loans)
- 🥉 **#3** in Amherst Town for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/amherst-town/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#5** in Hartford Banks
  - [View Full Rankings](https://saferate.com/hartford/best-mortgage-lenders/banks)
- 🏆 **#6** in Hartford
  - [View Full Rankings](https://saferate.com/hartford/best-mortgage-lenders)
- 🏆 **#8** in Hartford for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/hartford/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#8** in Hartford for Jumbo Loans
  - [View Full Rankings](https://saferate.com/hartford/best-mortgage-lenders/jumbo-loans)
- 🏆 **#8** in Hartford for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/hartford/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#8** in New Haven, CT for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/new-haven-ct/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#9** in Hartford for Conventional Loans
  - [View Full Rankings](https://saferate.com/hartford/best-mortgage-lenders/conventional-loans)
- 🏆 **#10** in Massachusetts for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/massachusetts/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#13** in Massachusetts Banks
  - [View Full Rankings](https://saferate.com/massachusetts/best-mortgage-lenders/banks)
- 🏆 **#13** in Massachusetts for Conventional Loans
  - [View Full Rankings](https://saferate.com/massachusetts/best-mortgage-lenders/conventional-loans)
- 🏆 **#15** in Massachusetts
  - [View Full Rankings](https://saferate.com/massachusetts/best-mortgage-lenders)
- 🏆 **#15** in New Haven, CT for Conventional Loans
  - [View Full Rankings](https://saferate.com/new-haven-ct/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

### What loan types does PeoplesBank offer?

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

### Where does PeoplesBank offer mortgages?

PeoplesBank offers mortgages in 6 states: CT, MA, ME, NH, RI, VT.

### How competitive are PeoplesBank's mortgage rates?

PeoplesBank has a pricing score of 91/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.101% below market average.

### What type of lender is PeoplesBank?

PeoplesBank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Holyoke, MA.

### What is PeoplesBank's loan approval success rate?

PeoplesBank has a pull-through score of 72/100 (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/peoplesbank

### How to Cite

> "PeoplesBank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/peoplesbank

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