Pioneer Trust Bank N.a. Mortgage Rates, Fees & Info
Salem, ORLEI: 254900IVPAGO4BK3EO35
Tax ID: 93-0208010
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Pioneer Trust Bank N.a. is a smaller bank specializing in Home Purchase loans. Pioneer Trust Bank N.a. has a high proportion of conventional loans. Their top markets by origination volume include: Salem, Albany, Bend, and Portland among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Pioneer Trust Bank N.a. 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
13Origination Dollar Volume (All Markets)
$13,645,000Top 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 |
|---|---|---|---|---|---|
| SALEM, OR (FHA|USDA|VA) | 8 | $6,910,000 | $863,750 | $0 | 0.00% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 2 | $3,500,000 | $1,750,000 | $0 | 0.00% |
| BEND, OR (FHA|USDA|VA) | 2 | $2,610,000 | $1,305,000 | $0 | 0.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 13 | $13,645,000 | $1,049,615 | $0 | 0.00% |
For 2023, Pioneer Trust Bank N.a.'s most frequently originated type of loan was Conventional, with 13 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 9 | $12,415,000 | $1,379,444 | $0 | 0.00% |
| Home Improvement | 3 | $1,005,000 | $335,000 | $0 | 0.00% |
| Refi | 1 | $225,000 | $225,000 | $0 | 0.00% |
For 2023, Pioneer Trust Bank N.a.'s most frequently cited loan purpose was Home Purchase, with 9 originations. The 2nd most popular reason was Home Improvement, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 13 | $13,645,000 | $1,049,615 | $0 | 0.00% |
For 2023, Pioneer Trust Bank N.a.'s most frequently cited loan duration was Other, with 13 originations.
Loan Sizing
2023 saw Pioneer Trust Bank N.a. place emphasis on $200k-400k loans with 5 originations, totaling $1,375,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 3 | $1,345,000 | $448,333 | $0 | 0.00% |
Pioneer Trust Bank N.a. lent most frequently to those with incomes in the $250k+ range, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 13 | $13,645,000 | $1,049,615 | $0 | 0.00% |
Pioneer Trust Bank N.a. lent most frequently to those with DTI ratios of Exempt%, with 13 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 10 | $12,300,000 | $1,230,000 | $0 | 0.00% |
| White | 3 | $1,345,000 | $448,333 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Pioneer Trust Bank N.a. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination84.62%
Pioneer Trust Bank N.a. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 13 | $13,645,000 | $1,049,615 |