Pioneer Trust Bank N.a. Mortgage Rates, Fees & Info

Salem, OR

LEI: 254900IVPAGO4BK3EO35

Tax ID: 93-0208010

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, Portland, Newport, Albany, and Corvallis among others. We have data for 5 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 an above average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    51

    Origination Dollar Volume (All Markets)

    $18,355,000

    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
    SALEM, OR (FHA|USDA|VA) 39 $14,815,000 $379,872 $0 5.82%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 8 $2,350,000 $293,750 $0 5.88%
    Newport, OR (FHA|USDA|VA) 2 $550,000 $275,000 $0 6.25%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $345,000 $345,000 $0 6.50%
    CORVALLIS, OR (FHA|USDA|VA) 1 $295,000 $295,000 $0 5.50%
    Pioneer Trust Bank N.a.'s top markets include Salem, Portland, Newport, Albany, and Corvallis among others.

    Their top states include:
  • Oregon (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 51 $18,355,000 $359,902 $0 5.85%

    For 2018, Pioneer Trust Bank N.a.'s most frequently originated type of loan was Conventional, with 51 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 29 $13,305,000 $458,793 $0 5.82%
    Home Improvement 13 $3,345,000 $257,308 $0 5.81%
    Refi 9 $1,705,000 $189,444 $0 6.03%

    For 2018, Pioneer Trust Bank N.a.'s most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Home Improvement, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 46 $14,620,000 $317,826 $0 5.88%
    Other 5 $3,735,000 $747,000 $0 5.65%

    For 2018, Pioneer Trust Bank N.a.'s most frequently cited loan duration was 5 Year, with 46 originations. The 2nd most popular length was Other, with 5 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 40 $13,780,000 $344,500
    6-7% 10 $3,070,000 $307,000
    4-5% 1 $1,505,000 $1,505,000

    During 2018, Pioneer Trust Bank N.a.'s average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 40 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 18 $2,890,000 $160,556 $0 5.79%
    $200k-400k 14 $4,240,000 $302,857 $0 6.05%
    $100,000 or less 6 $390,000 $65,000 $0 6.00%
    $400k-600k 6 $3,070,000 $511,667 $0 5.75%
    $1MM+ 4 $5,880,000 $1,470,000 $0 5.38%
    $600k-1MM 3 $1,885,000 $628,333 $0 5.83%

    2018 saw Pioneer Trust Bank N.a. place emphasis on $100k-200k loans with 18 originations, totaling $2,890,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 9 $1,325,000 $147,222 $0 5.83%
    $250k+ 5 $2,305,000 $461,000 $0 5.70%
    $100k-150k 3 $345,000 $115,000 $0 5.83%
    $75k-100k 2 $190,000 $95,000 $0 5.75%
    $50k-75k 1 $175,000 $175,000 $0 5.75%

    Pioneer Trust Bank N.a. lent most frequently to those with incomes in the $150k-250k range, with 9 originations. The second most popular income band? $250k+, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    >60% 8 $1,100,000 $137,500 $0 5.88%
    <20% 3 $1,635,000 $545,000 $0 5.58%
    50-60% 3 $355,000 $118,333 $0 5.75%
    42% 1 $175,000 $175,000 $0 5.75%
    43% 1 $95,000 $95,000 $0 6.00%
    46% 1 $165,000 $165,000 $0 5.75%
    20-30% 1 $555,000 $555,000 $0 5.75%
    30-36% 1 $25,000 $25,000 $0 5.75%

    Pioneer Trust Bank N.a. lent most frequently to those with DTI ratios of >60%, with 8 originations. The next most common DTI ratio? <20%, with 3 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 29 $12,985,000 $447,759 $0 5.91%
    White 20 $5,130,000 $256,500 $0 5.79%
    Asian 1 $135,000 $135,000 $0 5.50%
    Black 1 $105,000 $105,000 $0 5.75%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination
    96.08%

    Pioneer Trust Bank N.a. has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 51 $18,355,000 $359,902

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $6,185,000 $883,571
    Single Family (1-4 Units):Manufactured 1 $345,000 $345,000
    Single Family (1-4 Units):Site-Built 43 $11,825,000 $275,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $475,000 $158,333 $0 6.08%
    40-60% 3 $835,000 $278,333 $0 5.75%
    60-80% 23 $10,885,000 $473,261 $0 5.85%
    80-100% 15 $5,545,000 $369,667 $0 5.82%
    Under 20% 7 $615,000 $87,857 $0 5.89%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    PHH Mortgage Services Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 1.2%
    PHH Mortgage Services Corporation Conventional home mortgage Closing on a mortgage 2 1.2%
    PHH Mortgage Services Corporation Conventional home mortgage Credit monitoring or identity theft protection services 1 0.6%
    PHH Mortgage Services Corporation Conventional home mortgage Improper use of your report 1 0.6%
    PHH Mortgage Services Corporation Conventional home mortgage Incorrect information on your report 2 1.2%
    PHH Mortgage Services Corporation Conventional home mortgage Struggling to pay mortgage 26 15.6%
    PHH Mortgage Services Corporation Conventional home mortgage Trouble during payment process 80 47.9%
    PHH Mortgage Services Corporation FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.6%
    PHH Mortgage Services Corporation FHA mortgage Closing on a mortgage 5 3.0%
    PHH Mortgage Services Corporation FHA mortgage Struggling to pay mortgage 9 5.4%
    PHH Mortgage Services Corporation FHA mortgage Trouble during payment process 7 4.2%
    PHH Mortgage Services Corporation Home equity loan or line of credit (HELOC) Struggling to pay mortgage 3 1.8%
    PHH Mortgage Services Corporation Home equity loan or line of credit (HELOC) Trouble during payment process 1 0.6%
    PHH Mortgage Services Corporation Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.6%
    PHH Mortgage Services Corporation Other type of mortgage Closing on a mortgage 2 1.2%
    PHH Mortgage Services Corporation Other type of mortgage Credit monitoring or identity theft protection services 1 0.6%
    PHH Mortgage Services Corporation Other type of mortgage Incorrect information on your report 2 1.2%
    PHH Mortgage Services Corporation Other type of mortgage Struggling to pay mortgage 1 0.6%
    PHH Mortgage Services Corporation Other type of mortgage Trouble during payment process 10 6.0%
    PHH Mortgage Services Corporation VA mortgage Struggling to pay mortgage 5 3.0%
    PHH Mortgage Services Corporation VA mortgage Trouble during payment process 5 3.0%