Pioneer Valley Federal Credit Union Mortgage Rates, Fees & Info

Springfield, MA

LEI: 5493001YS08XHF42M037

Tax ID: 04-1288380

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Mortgage Data

Review & Overview

Pioneer Valley Federal Credit Union is a smaller credit union specializing in Refi and 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.

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Originations

66

Origination Dollar Volume (All Markets)

$13,030,000

Top Markets

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    Market Originations Total Value Average Loan Average Fees Average Rate
    Outside of Metro Areas 66 $13,030,000 $197,424 $0 0.00%
    Pioneer Valley Federal Credit Union's top markets include

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 66 $13,030,000 $197,424 $0 0.00%

    For 2018, Pioneer Valley Federal Credit Union's most frequently originated type of loan was Conventional, with 66 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 36 $6,430,000 $178,611 $0 0.00%
    Home Purchase 26 $6,440,000 $247,692 $0 0.00%
    Home Improvement 3 $65,000 $21,667 $0 0.00%
    Cash Out Refi 1 $95,000 $95,000 $0 0.00%

    For 2018, Pioneer Valley Federal Credit Union's most frequently cited loan purpose was Refi, with 36 originations. The 2nd most popular reason was Home Purchase, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 66 $13,030,000 $197,424 $0 0.00%

    For 2018, Pioneer Valley Federal Credit Union's most frequently cited loan duration was Other, with 66 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 28 $4,120,000 $147,143 $0 0.00%
    $200k-400k 23 $6,445,000 $280,217 $0 0.00%
    $100,000 or less 13 $665,000 $51,154 $0 0.00%
    $1MM+ 1 $1,355,000 $1,355,000 $0 0.00%
    $400k-600k 1 $445,000 $445,000 $0 0.00%

    2018 saw Pioneer Valley Federal Credit Union place emphasis on $100k-200k loans with 28 originations, totaling $4,120,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 21 $4,035,000 $192,143 $0 0.00%
    $50k-75k 15 $3,145,000 $209,667 $0 0.00%
    $75k-100k 14 $2,210,000 $157,857 $0 0.00%
    $150k-250k 9 $2,435,000 $270,556 $0 0.00%
    $50k or less 4 $520,000 $130,000 $0 0.00%
    $250k+ 3 $685,000 $228,333 $0 0.00%

    Pioneer Valley Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 21 originations. The second most popular income band? $50k-75k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 66 $13,030,000 $197,424 $0 0.00%

    Pioneer Valley Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 66 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 50 $10,120,000 $202,400 $0 0.00%
    Not provided 12 $2,060,000 $171,667 $0 0.00%
    Asian 2 $570,000 $285,000 $0 0.00%
    American Indian 1 $155,000 $155,000 $0 0.00%
    Black 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.00%

    Pioneer Valley Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 66 $13,030,000 $197,424

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 66 $13,030,000 $197,424