PeoplesBank, A Codorus Valley Company Mortgage Interest Rate and Cost Review

Is PeoplesBank, A Codorus Valley Company a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by PeoplesBank, A Codorus Valley Company to those of other lenders for a comparable set of borrowers. Here is our review of PeoplesBank, A Codorus Valley Company nationally:

On average, PeoplesBank, A Codorus Valley Company’s interest rates were similar to those of other lenders (-0.03%). On the other hand, its loan related closing costs were lower than those of other lenders, with a difference of -$313. Overall, combining interest rates and closing costs we estimate that PeoplesBank, A Codorus Valley Company tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 4 out of 5 stars.

We maintain our independence by not accepting any money from the mortgage lenders we review. To visit PeoplesBank, A Codorus Valley Company, check out its website at: https://www.peoplesbanknet.com.

PeoplesBank, A Codorus Valley Company’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders by city, click here. In particular, among the cities we track PeoplesBank, A Codorus Valley Company was most active in:

1. Lancaster, PA
2. Baltimore, MD
3. Ocean City, MD
4. Middletown, DE
5. Philadelphia, PA

PeoplesBank, A Codorus Valley Company’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, PeoplesBank, A Codorus Valley Company originated Conforming mortgages for new home purchases and refinances. Its average interest rate and total loan related closing cost difference relative to other lenders by mortgages type is as follows.

As a summary, PeoplesBank, A Codorus Valley Company is cheap for Conforming purchase mortgages. For refinancing, PeoplesBank, A Codorus Valley Company is cheap for Conforming mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about PeoplesBank, A Codorus Valley Company:

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for PeoplesBank, A Codorus Valley Company’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.