Peoples Bank of the South at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A grade breaks down
Each component is a percentile rank among 220 investment-property lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
88th0.7% deniedProcesswithdrawn + incomplete share, weight 15%
86th0.4%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 245 | 242 | 1.2% | 1.2% | 8.00% | $36M |
| 2024 | 255 | 251 | 0.8% | 0.8% | — | $46M |
| 2025 | 276 | 273 | 0.7% | 0.7% | 7.00% | $54M |
What Peoples Bank of the South 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, 3 manufactured homes, 197 investment properties.
Who gets approved at Peoples Bank of the South
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 52 | 51 | 1.9% |
| $50k – $100k | 37 | 36 | 2.7% |
| $100k – $150k | 33 | 33 | 0.0% |
| $150k – $250k | 40 | 40 | 0.0% |
| Over $250k | 36 | 36 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 23 | 23 | 0.0% |
| 35–44 | 36 | 34 | 5.6% |
| 45–54 | 38 | 38 | 0.0% |
| 55–64 | 52 | 52 | 0.0% |
| 65–74 | 42 | 42 | 0.0% |
Where Peoples Bank of the South lends
4 states and 21 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Tennessee | 272 | 269 | 0.7% | 7.00% | #173 |
Frequently asked questions
Peoples Bank of the South denied 0.7% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 88th percentile of investment-property lenders.
The median interest rate on loans Peoples Bank of the South originated in 2025 was 7.00%, and its median rate spread over the average prime offer rate was 0.00 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 30% of its applications were for home purchases, 61% for refinancing (including cash-out), and 9% for home improvement or other purposes. By loan type: 100% conventional, 0% 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.