PeoplesBank mortgage approval rate & lending review
PeoplesBank decided 2,312 mortgage applications and funded 1,927 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions PeoplesBank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
PeoplesBank at a glance
Approval is 9.9 points above the 75.6% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 93% | 700 / 752 | 98% | $315K | 683 |
| Home improvement loans | 79% | 645 / 820 | 97% | $55K | 628 |
| Refinance | 84% | 456 / 540 | 98% | $95K | 445 |
| Investment property purchase | 96% | 131 / 137 | 96% | $265K | 126 |
| Investment refinance | 72% | 18 / 25 | 100% | $285K | 18 |
PeoplesBank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Massachusetts | 85% | $95K | 1,866 | 1,544 |
| Connecticut | 90% | $355K | 417 | 364 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where PeoplesBank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Hampden County, MA | Home improvement loans | 74% | 494 | 360 |
| Hampden County, MA | Mortgage lenders | 92% | 357 | 319 |
| Hampden County, MA | Refinance | 84% | 318 | 262 |
| Hampshire County, MA | Home improvement loans | 85% | 147 | 122 |
| Hampshire County, MA | Mortgage lenders | 95% | 130 | 119 |
| Capitol Planning Region, CT | Mortgage lenders | 94% | 114 | 104 |
| Hampshire County, MA | Refinance | 85% | 116 | 96 |
| Capitol Planning Region, CT | Home improvement loans | 83% | 108 | 88 |
| Hampden County, MA | Investment property purchase | 99% | 67 | 64 |
| Capitol Planning Region, CT | Refinance | 87% | 60 | 51 |
| South Central Connecticut Planning Region, CT | Mortgage lenders | 100% | 44 | 43 |
| Hampshire County, MA | Investment property purchase | 96% | 26 | 24 |
The county markets where PeoplesBank made the most loans. Each link opens that market with every lender ranked.
Questions about PeoplesBank
What is PeoplesBank's mortgage approval rate?
PeoplesBank approved 85.5% of the 2,312 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 9.9 points above the 75.6% national rate for the same mix of loan types.
How often do borrowers take the loan PeoplesBank offers?
Borrowers accepted 97% of the loans PeoplesBank approved, against 93% for all home improvement loan lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does PeoplesBank make?
The typical home improvement loan loan PeoplesBank made was $55K; across all loan types its typical loan ran from $55K to $315K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does PeoplesBank lend?
PeoplesBank decided applications in 8 of the states Fat Boy Data covers, most of them in Massachusetts, Connecticut and Rhode Island.
Can I apply to PeoplesBank directly?
Yes. PeoplesBank is a bank or credit union with 21 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show PeoplesBank's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how PeoplesBank treats applications, then get a rate quote from the lender.