Pioneer Bank & Trust Mortgage Rates, Fees & Info
Belle Fourche, SDLEI: 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: Rapid City, Spearfish, Gillette, and Tucson among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Pioneer Bank & Trust has an 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
110Origination Dollar Volume (All Markets)
$31,340,000Top 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 |
|---|---|---|---|---|---|
| RAPID CITY, SD (FHA|USDA|VA) | 47 | $14,245,000 | $303,085 | $0 | 0.00% |
| Spearfish, SD (FHA|USDA|VA) | 32 | $9,920,000 | $310,000 | $0 | 0.00% |
| Outside of Metro Areas | 27 | $5,615,000 | $207,963 | $0 | 0.00% |
| Gillette, WY (FHA|USDA|VA) | 3 | $1,305,000 | $435,000 | $0 | 0.00% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
Product Mix
For 2023, Pioneer Bank & Trust's most frequently originated type of loan was Conventional, with 97 originations. Their 2nd most popular type was FHA, with 5 originations.
Loan Reason
For 2023, Pioneer Bank & Trust's most frequently cited loan purpose was Home Purchase, with 87 originations. The 2nd most popular reason was Refi, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 110 | $31,340,000 | $284,909 | $0 | 0.00% |
For 2023, Pioneer Bank & Trust's most frequently cited loan duration was Other, with 110 originations.
Loan Sizing
2023 saw Pioneer Bank & Trust place emphasis on $200k-400k loans with 51 originations, totaling $14,235,000 in origination value.
Applicant Income
Pioneer Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 27 originations. The second most popular income band? $150k-250k, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 110 | $31,340,000 | $284,909 | $0 | 0.00% |
Pioneer Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 110 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.44%
Pioneer Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination71.82%
Pioneer Bank & Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 110 | $31,340,000 | $284,909 |