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 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 a below average pick rate when compared to similar lenders.

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Originations

25

Origination Dollar Volume (All Markets)

$2,995,000

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
Outside of Metro Areas 25 $2,995,000 $119,800 $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 25 $2,995,000 $119,800 $0 0.00%

    For 2019, Pioneer Valley Federal Credit Union's most frequently originated type of loan was Conventional, with 25 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 15 $2,445,000 $163,000 $0 0.00%
    Home Improvement 8 $260,000 $32,500 $0 0.00%
    Home Purchase 2 $290,000 $145,000 $0 0.00%

    For 2019, Pioneer Valley Federal Credit Union's most frequently cited loan purpose was Refi, with 15 originations. The 2nd most popular reason was Home Improvement, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 25 $2,995,000 $119,800 $0 0.00%

    For 2019, Pioneer Valley Federal Credit Union's most frequently cited loan duration was Other, with 25 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 12 $460,000 $38,333 $0 0.00%
    $100k-200k 7 $955,000 $136,429 $0 0.00%
    $200k-400k 6 $1,580,000 $263,333 $0 0.00%

    2019 saw Pioneer Valley Federal Credit Union place emphasis on $100,000 or less loans with 12 originations, totaling $460,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 6 $720,000 $120,000 $0 0.00%
    $100k-150k 5 $745,000 $149,000 $0 0.00%
    $50k-75k 5 $215,000 $43,000 $0 0.00%
    $150k-250k 4 $510,000 $127,500 $0 0.00%
    $50k or less 4 $440,000 $110,000 $0 0.00%
    $250k+ 1 $365,000 $365,000 $0 0.00%

    Pioneer Valley Federal Credit Union lent most frequently to those with incomes in the $75k-100k range, with 6 originations. The second most popular income band? $100k-150k, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 25 $2,995,000 $119,800 $0 0.00%

    Pioneer Valley Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 25 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 23 $2,745,000 $119,348 $0 0.00%
    Asian 1 $235,000 $235,000 $0 0.00%
    Black 1 $15,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    82.86%

    Pioneer Valley Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    84.00%

    Pioneer Valley Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 25 $2,995,000 $119,800

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 25 $2,995,000 $119,800