New Peoples Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
68th5.9% deniedPricingmedian rate spread over APOR, weight 30%
49th0.28 ptsProcesswithdrawn + incomplete share, weight 15%
20th19.9%Closing coststotal loan costs ÷ loan amount, weight 10%
40th2.17% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 232 | 149 | 9.1% | 11.4% | 7.00% | $33M |
| 2024 | 159 | 116 | 4.4% | 5.7% | 7.99% | $27M |
| 2025 | 191 | 144 | 4.7% | 5.9% | 7.10% | $59M |
What New Peoples Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 19 manufactured homes, 92 investment properties.
Why New Peoples Bank denies applications
Primary reason reported for each of the 9 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at New Peoples Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 25 | 14 | 22.2% |
| $50k – $100k | 37 | 22 | 15.4% |
| $100k – $150k | 29 | 18 | 5.3% |
| Over $250k | 27 | 22 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 26 | 15 | 16.7% |
| 45–54 | 32 | 20 | 13.0% |
| 55–64 | 32 | 23 | 4.2% |
Where New Peoples Bank lends
5 states and 33 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Virginia | 107 | 80 | 5.6% | 7.05% | #285 |
| West Virginia | 32 | 25 | 0.0% | 7.25% | #171 |
| Tennessee | 26 | 19 | 3.9% | 7.09% | #502 |
| North Carolina | 24 | 18 | 8.3% | 7.05% | #499 |
Frequently asked questions
New Peoples Bank denied 5.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 68th percentile of small mortgage lenders.
The most common reason New Peoples Bank gave in 2025 was "debt-to-income ratio", cited on 55.6% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans New Peoples Bank originated in 2025 was 7.10%, and its median rate spread over the average prime offer rate was 0.28 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 63% of its applications were for home purchases, 27% for refinancing (including cash-out), and 9% for home improvement or other purposes. By loan type: 97% conventional, 3% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.