Pioneer Bank Mortgage Rates, Fees & Info

SIOUX CITY, IA

LEI: 254900A0ZXGBI45YZX94

Tax ID: 42-0470700

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Mortgage Data

Review & Overview

Pioneer Bank is a smaller bank specializing in Home Purchase loans. Pioneer Bank has a high proportion of conventional loans. Their top (well, only) market is Sioux City.

Pioneer Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

59

Origination Dollar Volume (All Markets)

$23,165,000

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 49 $12,625,000 $257,653 $0 0.00%
Outside of Metro Areas 10 $10,540,000 $1,054,000 $0 0.00%
Pioneer Bank's top markets include and Sioux City among others.

Their top states include:
  • (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 59 $23,165,000 $392,627 $0 0.00%

    For 2019, Pioneer Bank's most frequently originated type of loan was Conventional, with 59 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 35 $19,485,000 $556,714 $0 0.00%
    Refi 20 $3,590,000 $179,500 $0 0.00%
    Other 3 $75,000 $25,000 $0 0.00%
    Home Improvement 1 $15,000 $15,000 $0 0.00%

    For 2019, Pioneer Bank's most frequently cited loan purpose was Home Purchase, with 35 originations. The 2nd most popular reason was Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 59 $23,165,000 $392,627 $0 0.00%

    For 2019, Pioneer Bank's most frequently cited loan duration was Other, with 59 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 31 $1,505,000 $48,548 $0 0.00%
    $100k-200k 8 $1,180,000 $147,500 $0 0.00%
    $200k-400k 6 $1,650,000 $275,000 $0 0.00%
    $400k-600k 5 $2,585,000 $517,000 $0 0.00%
    $600k-1MM 5 $4,115,000 $823,000 $0 0.00%
    $1MM+ 4 $12,130,000 $3,032,500 $0 0.00%

    2019 saw Pioneer Bank place emphasis on $100,000 or less loans with 31 originations, totaling $1,505,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 8 $1,130,000 $141,250 $0 0.00%
    $50k or less 6 $370,000 $61,667 $0 0.00%
    $250k+ 5 $3,805,000 $761,000 $0 0.00%
    $75k-100k 5 $505,000 $101,000 $0 0.00%
    $100k-150k 1 $75,000 $75,000 $0 0.00%
    $50k-75k 1 $35,000 $35,000 $0 0.00%

    Pioneer Bank lent most frequently to those with incomes in the $150k-250k range, with 8 originations. The second most popular income band? $50k or less, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 59 $23,165,000 $392,627 $0 0.00%

    Pioneer Bank lent most frequently to those with DTI ratios of Exempt%, with 59 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 33 $17,245,000 $522,576 $0 0.00%
    White 26 $5,920,000 $227,692 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.42%

    Pioneer Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.66%

    Pioneer Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 59 $23,165,000 $392,627

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $11,975,000 $2,395,000
    Single Family (1-4 Units):Site-Built 54 $11,190,000 $207,222