Pioneer Bank Mortgage Rates, Fees & Info

Albany, NY

LEI: 549300256FCWXUM5FR50

Tax ID: 14-0970570

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 Bank is a smaller bank specializing in Home Improvement and Other loans. Pioneer Bank has a high proportion of conventional loans. Their top markets by origination volume include: Albany, Hudson, Glens Falls, Gloversville, and Amsterdam among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Pioneer Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    310

    Origination Dollar Volume (All Markets)

    $49,190,000

    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
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 273 $43,805,000 $160,458 $0 0.00%
    Hudson, NY (FHA|USDA|VA) 13 $2,625,000 $201,923 $0 0.00%
    GLENS FALLS, NY (FHA|USDA|VA) 7 $1,275,000 $182,143 $0 0.00%
    Outside of Metro Areas 12 $1,230,000 $102,500 $0 0.00%
    Gloversville, NY (FHA|USDA|VA) 2 $120,000 $60,000 $0 0.00%
    Amsterdam, NY (FHA|USDA|VA) 2 $100,000 $50,000 $0 0.00%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    Pioneer Bank's top markets include Albany, Hudson, Glens Falls, Gloversville, and Amsterdam among others.

    Their top states include:
  • New York (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 310 $49,190,000 $158,677 $0 0.00%

    For 2023, Pioneer Bank's most frequently originated type of loan was Conventional, with 310 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 155 $23,585,000 $152,161 $0 0.00%
    Other 91 $10,655,000 $117,088 $0 0.00%
    Refi 54 $9,000,000 $166,667 $0 0.00%
    Home Purchase 10 $5,950,000 $595,000 $0 0.00%

    For 2023, Pioneer Bank's most frequently cited loan purpose was Home Improvement, with 155 originations. The 2nd most popular reason was Other, with 91 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 310 $49,190,000 $158,677 $0 0.00%

    For 2023, Pioneer Bank's most frequently cited loan duration was Other, with 310 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 160 $9,240,000 $57,750 $0 0.00%
    $100k-200k 95 $12,855,000 $135,316 $0 0.00%
    $200k-400k 40 $10,110,000 $252,750 $0 0.00%
    $400k-600k 10 $4,760,000 $476,000 $0 0.00%
    $600k-1MM 3 $2,415,000 $805,000 $0 0.00%
    $1MM+ 2 $9,810,000 $4,905,000 $0 0.00%

    2023 saw Pioneer Bank place emphasis on $100,000 or less loans with 160 originations, totaling $9,240,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 76 $10,960,000 $144,211 $0 0.00%
    $100k-150k 69 $7,075,000 $102,536 $0 0.00%
    $75k-100k 46 $4,910,000 $106,739 $0 0.00%
    $50k-75k 43 $3,335,000 $77,558 $0 0.00%
    $250k+ 30 $6,450,000 $215,000 $0 0.00%
    $50k or less 25 $1,295,000 $51,800 $0 0.00%

    Pioneer Bank lent most frequently to those with incomes in the $150k-250k range, with 76 originations. The second most popular income band? $100k-150k, with 69 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 310 $49,190,000 $158,677 $0 0.00%

    Pioneer Bank lent most frequently to those with DTI ratios of Exempt%, with 310 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 259 $31,065,000 $119,942 $0 0.00%
    Not applicable 13 $13,985,000 $1,075,769 $0 0.00%
    Not provided 20 $1,710,000 $85,500 $0 0.00%
    Asian 7 $985,000 $140,714 $0 0.00%
    Black 8 $750,000 $93,750 $0 0.00%
    Other Asian 1 $535,000 $535,000 $0 0.00%
    Native Hawaiian or Islander 1 $105,000 $105,000 $0 0.00%
    American Indian 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.47%

    Pioneer Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.74%

    Pioneer Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 310 $49,190,000 $158,677

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    310 $49,190,000 $158,677