Pioneer Bank Mortgage Rates, Fees & Info

Albany, NY

LEI: 549300256FCWXUM5FR50

Tax ID: 14-0970570

Latest/2024 | 2023 Data | 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, Refi, and Home Purchase loans. Pioneer Bank has a high proportion of conventional loans. Their top markets by origination volume include: Albany, Hudson, Gloversville, and Glens Falls among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Pioneer Bank 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.

    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

    224

    Origination Dollar Volume (All Markets)

    $59,870,000

    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) 198 $55,190,000 $278,737 $0 0.00%
    Hudson, NY (FHA|USDA|VA) 7 $1,545,000 $220,714 $0 0.00%
    Outside of Metro Areas 8 $1,230,000 $153,750 $0 0.00%
    Gloversville, NY (FHA|USDA|VA) 4 $1,090,000 $272,500 $0 0.00%
    GLENS FALLS, NY (FHA|USDA|VA) 7 $815,000 $116,429 $0 0.00%
    Pioneer Bank's top markets include Albany, Hudson, Gloversville, and Glens Falls 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 224 $59,870,000 $267,277 $0 0.00%

    For 2024, Pioneer Bank's most frequently originated type of loan was Conventional, with 224 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 118 $18,190,000 $154,153 $0 0.00%
    Refi 48 $12,110,000 $252,292 $0 0.00%
    Other 38 $4,260,000 $112,105 $0 0.00%
    Home Purchase 20 $25,310,000 $1,265,500 $0 0.00%

    For 2024, Pioneer Bank's most frequently cited loan purpose was Home Improvement, with 118 originations. The 2nd most popular reason was Refi, with 48 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 224 $59,870,000 $267,277 $0 0.00%

    For 2024, Pioneer Bank's most frequently cited loan duration was Other, with 224 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 105 $5,545,000 $52,810 $0 0.00%
    $100k-200k 62 $8,110,000 $130,806 $0 0.00%
    $200k-400k 35 $9,675,000 $276,429 $0 0.00%
    $400k-600k 12 $5,970,000 $497,500 $0 0.00%
    $1MM+ 7 $28,135,000 $4,019,286 $0 0.00%
    $600k-1MM 3 $2,435,000 $811,667 $0 0.00%

    2024 saw Pioneer Bank place emphasis on $100,000 or less loans with 105 originations, totaling $5,545,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 52 $4,860,000 $93,462 $0 0.00%
    $150k-250k 45 $7,375,000 $163,889 $0 0.00%
    $75k-100k 38 $3,850,000 $101,316 $0 0.00%
    $50k-75k 36 $2,960,000 $82,222 $0 0.00%
    $250k+ 13 $4,005,000 $308,077 $0 0.00%
    $50k or less 11 $705,000 $64,091 $0 0.00%

    Pioneer Bank lent most frequently to those with incomes in the $100k-150k range, with 52 originations. The second most popular income band? $150k-250k, with 45 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 224 $59,870,000 $267,277 $0 0.00%

    Pioneer Bank lent most frequently to those with DTI ratios of Exempt%, with 224 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 25 $35,845,000 $1,433,800 $0 0.00%
    White 173 $19,605,000 $113,324 $0 0.00%
    Asian 10 $2,470,000 $247,000 $0 0.00%
    Not provided 5 $955,000 $191,000 $0 0.00%
    Black 9 $835,000 $92,778 $0 0.00%
    Other Asian 1 $125,000 $125,000 $0 0.00%
    American Indian 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.46%

    Pioneer Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    95.09%

    Pioneer Bank 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 224 $59,870,000 $267,277

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    224 $59,870,000 $267,277