Pioneer West Virginia Mortgage Rates, Fees & Info

Charleston, WV

LEI: 5493003ST36V2G6YFH54

Tax ID: 55-0365729

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Mortgage Data

Review & Overview

Pioneer West Virginia is a smaller mortgage company specializing in Cash Out Refi and Refi loans. Pioneer West Virginia has a high proportion of conventional loans.

Pioneer West Virginia 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

122

Origination Dollar Volume (All Markets)

$14,560,000

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 122 $14,560,000 $119,344 $0 0.00%
Pioneer West Virginia's top markets include

Their top states include:
  • West Virginia (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 122 $14,560,000 $119,344 $0 0.00%

    For 2021, Pioneer West Virginia's most frequently originated type of loan was Conventional, with 122 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 62 $7,630,000 $123,065 $0 0.00%
    Refi 38 $4,230,000 $111,316 $0 0.00%
    Home Purchase 22 $2,700,000 $122,727 $0 0.00%

    For 2021, Pioneer West Virginia's most frequently cited loan purpose was Cash Out Refi, with 62 originations. The 2nd most popular reason was Refi, with 38 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 122 $14,560,000 $119,344 $0 0.00%

    For 2021, Pioneer West Virginia's most frequently cited loan duration was Other, with 122 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 60 $3,910,000 $65,167 $0 0.00%
    $100k-200k 45 $6,125,000 $136,111 $0 0.00%
    $200k-400k 16 $3,890,000 $243,125 $0 0.00%
    $600k-1MM 1 $635,000 $635,000 $0 0.00%

    2021 saw Pioneer West Virginia place emphasis on $100,000 or less loans with 60 originations, totaling $3,910,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 9 $1,085,000 $120,556 $0 0.00%
    $50k or less 5 $405,000 $81,000 $0 0.00%
    $150k-250k 3 $555,000 $185,000 $0 0.00%
    $75k-100k 3 $345,000 $115,000 $0 0.00%
    $100k-150k 2 $310,000 $155,000 $0 0.00%

    Pioneer West Virginia lent most frequently to those with incomes in the $50k-75k range, with 9 originations. The second most popular income band? $50k or less, with 5 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 120 $14,410,000 $120,083 $0 0.00%
    Japanese 1 $85,000 $85,000 $0 0.00%
    Black 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    80.91%

    Pioneer West Virginia has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    74.59%

    Pioneer West Virginia has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 122 $14,560,000 $119,344

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    122 $14,560,000 $119,344