Pioneer Valley Federal Credit Union Mortgage Rates, Fees & Info
Springfield, MALEI: 5493001YS08XHF42M037
Tax ID: 04-1288380
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Pioneer Valley Federal Credit Union is a smaller credit union specializing in Home Purchase loans. Pioneer Valley Federal Credit Union has a high proportion of conventional loans.Pioneer Valley Federal Credit Union has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
73Origination Dollar Volume (All Markets)
$12,835,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Outside of Metro Areas | 73 | $12,835,000 | $175,822 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 73 | $12,835,000 | $175,822 | $0 | 0.00% |
For 2023, Pioneer Valley Federal Credit Union's most frequently originated type of loan was Conventional, with 73 originations.
Loan Reason
For 2023, Pioneer Valley Federal Credit Union's most frequently cited loan purpose was Other, with 24 originations. The 2nd most popular reason was Home Improvement, with 20 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 73 | $12,835,000 | $175,822 | $0 | 0.00% |
For 2023, Pioneer Valley Federal Credit Union's most frequently cited loan duration was Other, with 73 originations.
Loan Sizing
2023 saw Pioneer Valley Federal Credit Union place emphasis on $100,000 or less loans with 46 originations, totaling $2,510,000 in origination value.
Applicant Income
Pioneer Valley Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 28 originations. The second most popular income band? $50k-75k, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 73 | $12,835,000 | $175,822 | $0 | 0.00% |
Pioneer Valley Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 73 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications75.73%
Pioneer Valley Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination95.89%
Pioneer Valley Federal Credit Union 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 |
|---|---|---|---|
| Exempt | 73 | $12,835,000 | $175,822 |