PlainLender

Peoples Mortgage Company

TEMPE, AZ

Peoples Mortgage Company processed 4,062 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 2,972 loans with a 2.7% denial rate. Home Purchase was the primary loan purpose. Based in TEMPE, AZ. The approval rate of 73.2% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Peoples Mortgage Company's 73.2% origination rate tells you how often an application turned into funded money; the 2.7% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (2,483 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

4,062
Applications
2,972
Originated
2.7%
Denial Rate
$317,752
Avg Loan Amount
Avg Interest Rate: 6.442% Avg Applicant Income: $40,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 2,483 1,805 59 $305,878
FHA 1,120 820 43 $317,643
VA 409 311 4 $404,584
USDA 50 36 2 $199,600

Top loan types - Peoples Mortgage Company

Top loan types - Peoples Mortgage Company Horizontal bar chart of the top 4 items by value (applications). Top loan types - Peoples Mortgage Company Top 4 1. Conventional 2,483 2. FHA 1,120 3. VA 409 4. USDA 50 Top 5 loan types by application volume at Peoples Mortgage Company (HMDA 2024). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Peoples Mortgage Company (LEI: 549300N3JBQ15RQ7AV97) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
48
Credit history
26
Collateral
24
Other
22
Unverifiable information
13
Employment history
11

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 3,351 2,540 $311,780
Refinancing 581 371 $352,935
Cash-out Refinancing 130 61 $314,462

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 2,457 74.5% 2.0%
Black or African American 243 63.4% 9.1%
Asian 160 70.6% 2.5%
Joint 76 69.7% 0.0%
American Indian or Alaska Native * 37 64.9% 8.1%
2 or more minority races * 11 45.5% 0.0%
Native Hawaiian or Other Pacific Islander * 6 66.7% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 2,072 73.0% 2.5%
Hispanic or Latino 829 74.2% 2.6%
Joint 136 74.3% 2.9%

Nearby Lenders in AZ

Other HMDA-reporting lenders in AZ with similar activity. Compare any two side-by-side.

The Loan Store, Inc

Tucson, AZ

37,522 apps 23,548 originated 12.7% denied

Desert Financial Credit Union

Phoenix, AZ

14,881 apps 8,747 originated 30.3% denied

V.I.P. Mortgage, INC.

SCOTTSDALE, AZ

10,272 apps 6,989 originated 2.0% denied

Geneva Financial LLC

Chandler, AZ

9,015 apps 5,938 originated 2.7% denied

Nova Financial & Investment Corporation

Tucson, AZ

6,917 apps 4,748 originated 5.3% denied
Compare Peoples Mortgage Company vs The Loan Store, Inc →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Peoples Mortgage Company process?
Peoples Mortgage Company processed 4,062 mortgage applications in the 2024 HMDA reporting year. Of these, 2,972 were originated (approved and funded), 814 were withdrawn by the applicant, and 108 were denied.
What is Peoples Mortgage Company's mortgage approval rate?
Peoples Mortgage Company has an approval (origination) rate of 73.2%, meaning 73.2% of all applications resulted in a funded mortgage. The denial rate is 2.7%.
What is the average loan amount at Peoples Mortgage Company?
The average mortgage loan amount at Peoples Mortgage Company is $317,752. The average interest rate is 6.442%. The average applicant income is $40,000.
What are the most common reasons for mortgage denial at Peoples Mortgage Company?
The most common reasons for mortgage denial at Peoples Mortgage Company are: Debt-to-income ratio, Credit history, Collateral. In total, 108 applications were denied out of 4,062 total applications.
What types of mortgage loans does Peoples Mortgage Company offer?
Peoples Mortgage Company processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 2,483 applications and an average loan amount of $305,878.
What loan purposes does Peoples Mortgage Company serve?
Peoples Mortgage Company serves the following loan purposes: Home Purchase (3,351 applications), Refinancing (581 applications), Cash-out Refinancing (130 applications). Home Purchase is the most common purpose.
Where is Peoples Mortgage Company located?
Peoples Mortgage Company is headquartered in TEMPE, AZ. The lender is identified by LEI 549300N3JBQ15RQ7AV97 in HMDA data.
How does Peoples Mortgage Company compare in lending across racial demographics?
Peoples Mortgage Company reports demographic lending data under HMDA requirements. White applicants have an approval rate of 74.5% and denial rate of 2.0%; Black or African American applicants have an approval rate of 63.4% and denial rate of 9.1%; Asian applicants have an approval rate of 70.6% and denial rate of 2.5%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.