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: 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
204Origination Dollar Volume (All Markets)
$54,770,000Top 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 |
|---|---|---|---|---|---|
| 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% |
Product Mix
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
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
2022 saw Pioneer Bank & Trust place emphasis on $200k-400k loans with 86 originations, totaling $24,040,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications91.21%
Pioneer Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination77.94%
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 |