Peoples Security Bank and Trust Company Mortgage Interest Rate and Cost Review

Is Peoples Security Bank and Trust Company a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by Peoples Security Bank and Trust Company to those of other lenders for a comparable set of borrowers. We maintain our independence by not accepting any money from the mortgage lenders we review. Going by historical data, here is our review of Peoples Security Bank and Trust Company nationally:

Review ItemPeoples Security Bank and Trust Company
Interest Ratesimilar to other lenders (-0.07%)
Loan Related Closing Costssimilar to other lenders (-$121)
National Rate and Closing Cost Star Rating(4)

On average, Peoples Security Bank and Trust Company’s interest rates were similar to those of other lenders (-0.07%) for a comparable set of borrowers. Its loan related closing costs were also similar to those of other lenders, with a difference of -$121. Overall, combining interest rates and closing costs we estimate that Peoples Security Bank and Trust Company tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 4 out of 5 stars. To visit Peoples Security Bank and Trust Company, its website is located at: https://www.psbt.com.

Peoples Security Bank and Trust Company’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. In particular, among the cities we track Peoples Security Bank and Trust Company was most active in:

  1. Scranton, PA
  2. Binghamton, NY
  3. Allentown, PA
  4. Lancaster, PA
  5. Philadelphia, PA

You can click through to check out Peoples Security Bank and Trust Company’s mortgage rate relative to those of other lenders within each city. Or, for our entire list of the top mortgage lenders by city, click here.

Peoples Security Bank and Trust 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, Peoples Security Bank and Trust Company originated Conforming mortgages for new home purchases. It also originated Conforming and Jumbo mortgages for refinances. Its average interest rate and total loan related closing cost difference relative to other lenders for comparable borrowers by mortgages type is as follows.

Purchase/Refinance:
New Purchase MortgagesConforming
Interest Rate Difference-0.03%
Loan Related Closing Cost Difference-$49
Cost Adjusted Rate Difference-0.05%
National Star Rating(4)
Refinance MortgagesConformingJumbo
Interest Rate Difference-0.10%+0.00%
Loan Related Closing Cost Difference-$194-$3
Cost Adjusted Rate Difference-0.13%+0.00%
Average Star Rating(4)(3.5)

As a summary, Peoples Security Bank and Trust Company is cheap for Conforming purchase mortgages. For refinancing mortgages, Peoples Security Bank and Trust Company is cheap for Conforming mortgage refinance. It is similar to other lenders for Jumbo 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 Peoples Security Bank and Trust Company:

Registered name: Peoples Security Bank and Trust Company
Registered city and state: Scranton, PA, 18503
Regulator: Federal Deposit Insurance Corporation (FDIC)
Top holder: PEOPLES FINANCIAL SERVICES CORPORATION

* 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 Peoples Security Bank and Trust 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.