Pioneer Bank & Trust Mortgage Rates, Fees & Info

Belle Fourche, SD

LEI: 254900CYWJYH3ES8BV63

Tax ID: 46-0108155

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Mortgage 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, Dallas, Gillette, and Oklahoma City among others. We have data for 11 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

204

Origination Dollar Volume (All Markets)

$54,770,000

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) 64 $21,680,000 $338,750 $0 0.00%
RAPID CITY, SD (FHA|USDA|VA) 75 $16,785,000 $223,800 $0 0.00%
Outside of Metro Areas 56 $13,870,000 $247,679 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $525,000 $525,000 $0 0.00%
Gillette, WY (FHA|USDA|VA) 2 $520,000 $260,000 $0 0.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
Pierre, SD (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
SIOUX FALLS, SD (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
Sheridan, WY (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
Jamestown, ND (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
New Ulm, MN (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
Pioneer Bank & Trust's top markets include Spearfish, Rapid City, Dallas, Gillette, and Oklahoma City among others.

Their top states include:
  • South Dakota (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 197 $52,115,000 $264,543 $0 0.00%
    VA 5 $2,125,000 $425,000 $0 0.00%
    FHA 1 $285,000 $285,000 $0 0.00%
    USDA 1 $245,000 $245,000 $0 0.00%

    For 2022, Pioneer Bank & Trust's most frequently originated type of loan was Conventional, with 197 originations. Their 2nd most popular type was VA, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 139 $44,365,000 $319,173 $0 0.00%
    Refi 26 $3,650,000 $140,385 $0 0.00%
    Cash Out Refi 19 $4,335,000 $228,158 $0 0.00%
    Home Improvement 10 $660,000 $66,000 $0 0.00%
    Other 10 $1,760,000 $176,000 $0 0.00%

    For 2022, Pioneer Bank & Trust's most frequently cited loan purpose was Home Purchase, with 139 originations. The 2nd most popular reason was Refi, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 204 $54,770,000 $268,480 $0 0.00%

    For 2022, Pioneer Bank & Trust's most frequently cited loan duration was Other, with 204 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 86 $24,040,000 $279,535 $0 0.00%
    $100k-200k 53 $7,905,000 $149,151 $0 0.00%
    $100,000 or less 37 $2,005,000 $54,189 $0 0.00%
    $400k-600k 17 $8,265,000 $486,176 $0 0.00%
    $600k-1MM 8 $5,140,000 $642,500 $0 0.00%
    $1MM+ 3 $7,415,000 $2,471,667 $0 0.00%

    2022 saw Pioneer Bank & Trust place emphasis on $200k-400k loans with 86 originations, totaling $24,040,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 47 $10,065,000 $214,149 $0 0.00%
    $100k-150k 43 $11,365,000 $264,302 $0 0.00%
    $50k-75k 35 $7,235,000 $206,714 $0 0.00%
    $50k or less 26 $2,910,000 $111,923 $0 0.00%
    $150k-250k 23 $8,155,000 $354,565 $0 0.00%
    $250k+ 8 $2,670,000 $333,750 $0 0.00%

    Pioneer Bank & Trust lent most frequently to those with incomes in the $75k-100k range, with 47 originations. The second most popular income band? $100k-150k, with 43 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 204 $54,770,000 $268,480 $0 0.00%

    Pioneer Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 204 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 175 $40,305,000 $230,314 $0 0.00%
    Not applicable 15 $10,415,000 $694,333 $0 0.00%
    Not provided 10 $3,230,000 $323,000 $0 0.00%
    American Indian 2 $450,000 $225,000 $0 0.00%
    Native Hawaiian or Islander 1 $325,000 $325,000 $0 0.00%
    Black 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.21%

    Pioneer Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.94%

    Pioneer Bank & Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 204 $54,770,000 $268,480

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    204 $54,770,000 $268,480