Pioneer Bank & Trust Mortgage Rates, Fees & Info

Belle Fourche, SD

LEI: 254900CYWJYH3ES8BV63

Tax ID: 46-0108155

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Pioneer Bank & Trust is a smaller bank specializing in Home Purchase loans. Pioneer Bank & Trust has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Spearfish, Rapid City, Phoenix, Denver, and Dayton among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Pioneer Bank & Trust 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

134

Origination Dollar Volume (All Markets)

$46,820,000

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
Spearfish, SD (FHA\|USDA\|VA)	45	$18,475,000	$410,556	$0	0.00%
RAPID CITY, SD (FHA\|USDA\|VA)	49	$18,325,000	$373,980	$0	0.00%
Outside of Metro Areas	33	$8,435,000	$255,606	$0	0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	2	$630,000	$315,000	$0	0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA\|USDA\|VA)	1	$305,000	$305,000	$0	0.00%
DAYTON-KETTERING, OH (FHA\|USDA\|VA)	1	$215,000	$215,000	$0	0.00%
Laramie, WY (FHA\|USDA\|VA)	1	$205,000	$205,000	$0	0.00%
Pierre, SD (FHA\|USDA\|VA)	1	$155,000	$155,000	$0	0.00%
Gillette, WY (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	0.00%

Pioneer Bank & Trust's top markets include Spearfish, Rapid City, Phoenix, Denver, and Dayton among others.

Their top states include:

South Dakota (FHA|USDA|VA)

Arizona (FHA|USDA|VA)

Colorado (FHA|USDA|VA)

Wyoming (FHA|USDA|VA)

North Dakota (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	118	$41,120,000	$348,475	$0	0.00%
VA	10	$3,930,000	$393,000	$0	0.00%
FHA	5	$1,565,000	$313,000	$0	0.00%
USDA	1	$205,000	$205,000	$0	0.00%

For 2024, Pioneer Bank & Trust's most frequently originated type of loan was Conventional, with 118 originations. Their 2nd most popular type was VA, with 10 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	94	$33,950,000	$361,170	$0	0.00%
Cash Out Refi	14	$2,630,000	$187,857	$0	0.00%
Refi	13	$8,745,000	$672,692	$0	0.00%
Other	9	$1,045,000	$116,111	$0	0.00%
Home Improvement	4	$450,000	$112,500	$0	0.00%

For 2024, Pioneer Bank & Trust's most frequently cited loan purpose was Home Purchase, with 94 originations. The 2nd most popular reason was Cash Out Refi, with 14 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	134	$46,820,000	$349,403	$0	0.00%

For 2024, Pioneer Bank & Trust's most frequently cited loan duration was Other, with 134 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	56	$15,590,000	$278,393	$0	0.00%
$100,000 or less	22	$1,390,000	$63,182	$0	0.00%
$100k-200k	22	$3,180,000	$144,545	$0	0.00%
$400k-600k	19	$8,785,000	$462,368	$0	0.00%
$600k-1MM	11	$7,745,000	$704,091	$0	0.00%
$1MM+	4	$10,130,000	$2,532,500	$0	0.00%

2024 saw Pioneer Bank & Trust place emphasis on $200k-400k loans with 56 originations, totaling $15,590,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$150k-250k	29	$9,195,000	$317,069	$0	0.00%
$100k-150k	25	$6,095,000	$243,800	$0	0.00%
$75k-100k	21	$4,825,000	$229,762	$0	0.00%
$50k-75k	16	$2,900,000	$181,250	$0	0.00%
$250k+	15	$10,555,000	$703,667	$0	0.00%
$50k or less	9	$715,000	$79,444	$0	0.00%

Pioneer Bank & Trust lent most frequently to those with incomes in the $150k-250k range, with 29 originations. The second most popular income band? $100k-150k, with 25 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	134	$46,820,000	$349,403	$0	0.00%

Pioneer Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 134 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	98	$29,430,000	$300,306	$0	0.00%
Not applicable	16	$11,200,000	$700,000	$0	0.00%
Not provided	15	$4,965,000	$331,000	$0	0.00%
Asian	2	$740,000	$370,000	$0	0.00%
American Indian	2	$330,000	$165,000	$0	0.00%
Black	1	$155,000	$155,000	$0	0.00%

Approval Rates

Total approvals of all applications
95.38%

Pioneer Bank & Trust has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
76.87%

Pioneer Bank & Trust has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	134	$46,820,000	$349,403

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	134	$46,820,000	$349,403