Pioneer Valley Federal Credit Union Mortgage Rates, Fees & Info

Springfield, MA

LEI: 5493001YS08XHF42M037

Tax ID: 04-1288380

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
  • 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 Valley Federal Credit Union is a smaller credit union specializing in Cash Out 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 an above average pick rate when compared to similar lenders.

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    Originations

    74

    Origination Dollar Volume (All Markets)

    $11,970,000

    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 74 $11,970,000 $161,757 $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 74 $11,970,000 $161,757 $0 0.00%

    For 2020, Pioneer Valley Federal Credit Union's most frequently originated type of loan was Conventional, with 74 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 45 $8,325,000 $185,000 $0 0.00%
    Refi 11 $1,545,000 $140,455 $0 0.00%
    Home Improvement 9 $375,000 $41,667 $0 0.00%
    Home Purchase 8 $1,680,000 $210,000 $0 0.00%
    Other 1 $45,000 $45,000 $0 0.00%

    For 2020, Pioneer Valley Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 45 originations. The 2nd most popular reason was Refi, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 74 $11,970,000 $161,757 $0 0.00%

    For 2020, Pioneer Valley Federal Credit Union's most frequently cited loan duration was Other, with 74 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 33 $4,915,000 $148,939 $0 0.00%
    $100,000 or less 22 $1,220,000 $55,455 $0 0.00%
    $200k-400k 17 $4,935,000 $290,294 $0 0.00%
    $400k-600k 2 $900,000 $450,000 $0 0.00%

    2020 saw Pioneer Valley Federal Credit Union place emphasis on $100k-200k loans with 33 originations, totaling $4,915,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 25 $4,055,000 $162,200 $0 0.00%
    $150k-250k 18 $3,860,000 $214,444 $0 0.00%
    $50k-75k 14 $1,470,000 $105,000 $0 0.00%
    $75k-100k 10 $1,600,000 $160,000 $0 0.00%
    $50k or less 4 $350,000 $87,500 $0 0.00%
    $250k+ 3 $635,000 $211,667 $0 0.00%

    Pioneer Valley Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 25 originations. The second most popular income band? $150k-250k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 74 $11,970,000 $161,757 $0 0.00%

    Pioneer Valley Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 74 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 57 $8,795,000 $154,298 $0 0.00%
    Not provided 10 $2,060,000 $206,000 $0 0.00%
    Black 4 $670,000 $167,500 $0 0.00%
    Asian 1 $225,000 $225,000 $0 0.00%
    American Indian 1 $115,000 $115,000 $0 0.00%
    Native Hawaiian or Islander 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    76.24%

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

    Pick Rate

    Approvals leading to origination
    95.95%

    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 74 $11,970,000 $161,757

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 74 $11,970,000 $161,757