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 Cash Out Refi and 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
127Origination Dollar Volume (All Markets)
$19,975,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Outside of Metro Areas | 127 | $19,975,000 | $157,283 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 127 | $19,975,000 | $157,283 | $0 | 0.00% |
For 2021, Pioneer Valley Federal Credit Union's most frequently originated type of loan was Conventional, with 127 originations.
Loan Reason
For 2021, Pioneer Valley Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 63 originations. The 2nd most popular reason was Refi, with 31 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 127 | $19,975,000 | $157,283 | $0 | 0.00% |
For 2021, Pioneer Valley Federal Credit Union's most frequently cited loan duration was Other, with 127 originations.
Loan Sizing
2021 saw Pioneer Valley Federal Credit Union place emphasis on $100k-200k loans with 48 originations, totaling $7,310,000 in origination value.
Applicant Income
Pioneer Valley Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 36 originations. The second most popular income band? $75k-100k, with 29 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 127 | $19,975,000 | $157,283 | $0 | 0.00% |
Pioneer Valley Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 127 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.51%
Pioneer Valley Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination82.68%
Pioneer Valley Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 127 | $19,975,000 | $157,283 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PMR Progressive, LLC | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |