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 Home Purchase 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

157

Origination Dollar Volume (All Markets)

$20,175,000

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 157 $20,175,000 $128,503 $0 0.00%
Pioneer West Virginia's top markets include

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 157 $20,175,000 $128,503 $0 0.00%

    For 2022, Pioneer West Virginia's most frequently originated type of loan was Conventional, with 157 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 87 $10,175,000 $116,954 $0 0.00%
    Home Purchase 37 $7,585,000 $205,000 $0 0.00%
    Home Improvement 20 $930,000 $46,500 $0 0.00%
    Refi 13 $1,485,000 $114,231 $0 0.00%

    For 2022, Pioneer West Virginia's most frequently cited loan purpose was Cash Out Refi, with 87 originations. The 2nd most popular reason was Home Purchase, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 157 $20,175,000 $128,503 $0 0.00%

    For 2022, Pioneer West Virginia's most frequently cited loan duration was Other, with 157 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 81 $4,645,000 $57,346 $0 0.00%
    $100k-200k 49 $6,725,000 $137,245 $0 0.00%
    $200k-400k 21 $5,575,000 $265,476 $0 0.00%
    $400k-600k 5 $2,495,000 $499,000 $0 0.00%
    $600k-1MM 1 $735,000 $735,000 $0 0.00%

    2022 saw Pioneer West Virginia place emphasis on $100,000 or less loans with 81 originations, totaling $4,645,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 40 $5,260,000 $131,500 $0 0.00%
    $50k-75k 35 $2,845,000 $81,286 $0 0.00%
    $75k-100k 29 $2,515,000 $86,724 $0 0.00%
    $150k-250k 27 $5,445,000 $201,667 $0 0.00%
    $50k or less 19 $1,395,000 $73,421 $0 0.00%
    $250k+ 7 $2,715,000 $387,857 $0 0.00%

    Pioneer West Virginia lent most frequently to those with incomes in the $100k-150k range, with 40 originations. The second most popular income band? $50k-75k, with 35 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 154 $19,530,000 $126,818 $0 0.00%
    Asian Indian 1 $505,000 $505,000 $0 0.00%
    Black 2 $140,000 $70,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.77%

    Pioneer West Virginia has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.90%

    Pioneer West Virginia has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 157 $20,175,000 $128,503

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    157 $20,175,000 $128,503