Pioneer Bank Mortgage Rates, Fees & Info

Auburndale, WI

LEI: 5493007DQGMVKRNOMA84

Tax ID: 39-0139100

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 Purchase, Cash Out Refi, and Refi loans. Pioneer Bank has a high proportion of conventional loans. Their top (well, only) market is Wausau.

    Pioneer Bank 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. Pioneer Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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

    41

    Origination Dollar Volume (All Markets)

    $5,345,000

    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 36 $4,590,000 $127,500 $1,342 4.83%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 5 $755,000 $151,000 $1,661 4.63%
    Pioneer Bank's top markets include and Wausau among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 41 $5,345,000 $130,366 $1,395 4.81%

    For 2018, Pioneer Bank's most frequently originated type of loan was Conventional, with 41 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 22 $2,480,000 $112,727 $1,612 4.77%
    Cash Out Refi 11 $1,285,000 $116,818 $1,345 4.87%
    Refi 6 $1,430,000 $238,333 $781 4.60%
    Home Improvement 1 $105,000 $105,000 $1,575 4.25%
    Other 1 $45,000 $45,000 $1,406 6.83%

    For 2018, Pioneer Bank's most frequently cited loan purpose was Home Purchase, with 22 originations. The 2nd most popular reason was Cash Out Refi, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 12 $1,430,000 $119,167 $1,363 5.18%
    10 Year 10 $1,430,000 $143,000 $1,405 4.22%
    3 Year 9 $1,085,000 $120,556 $1,569 5.23%
    30 Year 5 $825,000 $165,000 $1,422 4.73%
    5 Year 2 $250,000 $125,000 $0 4.39%
    15 Year 2 $230,000 $115,000 $1,572 4.63%
    20 Year 1 $95,000 $95,000 $993 4.13%

    For 2018, Pioneer Bank's most frequently cited loan duration was Other, with 12 originations. The 2nd most popular length was 10 Year, with 10 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 30 $3,670,000 $122,333

    Pioneer Bank's average total fees were $1,422, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 30 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 28 $3,700,000 $132,143
    5-6% 9 $1,125,000 $125,000
    3-4% 2 $440,000 $220,000
    6-7% 2 $80,000 $40,000

    During 2018, Pioneer Bank's average interest rate for loans was 4.73%, while their most frequently originated rate bucket for loans was 4-5%, with 28 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 18 $2,610,000 $145,000 $1,488 4.74%
    $100,000 or less 17 $1,035,000 $60,882 $1,365 5.02%
    $200k-400k 6 $1,700,000 $283,333 $1,092 4.42%

    2018 saw Pioneer Bank place emphasis on $100k-200k loans with 18 originations, totaling $2,610,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 13 $1,195,000 $91,923 $1,429 4.86%
    $75k-100k 11 $1,745,000 $158,636 $1,363 4.61%
    $50k-75k 8 $900,000 $112,500 $1,325 4.97%
    $100k-150k 3 $505,000 $168,333 $1,543 4.48%
    $150k-250k 1 $45,000 $45,000 $1,406 6.83%

    Pioneer Bank lent most frequently to those with incomes in the $50k or less range, with 13 originations. The second most popular income band? $75k-100k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 14 $1,570,000 $112,143 $1,461 4.92%
    <20% 10 $1,090,000 $109,000 $1,563 4.90%
    30-36% 5 $695,000 $139,000 $1,528 4.45%
    39% 3 $435,000 $145,000 $718 4.97%
    44% 1 $165,000 $165,000 $1,557 4.75%
    50-60% 1 $145,000 $145,000 $0 4.27%
    36% 1 $55,000 $55,000 $0 5.25%
    37% 1 $315,000 $315,000 $436 5.00%
    41% 1 $105,000 $105,000 $1,562 5.13%

    Pioneer Bank lent most frequently to those with DTI ratios of 20-30%, with 14 originations. The next most common DTI ratio? <20%, with 10 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 37 $4,575,000 $123,649 $1,395 4.85%
    Not applicable 4 $770,000 $192,500 $0 4.45%

    Approval Rates

    Total approvals of all applications
    81.36%

    Pioneer Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.93%

    Pioneer Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 41 $5,345,000 $130,366

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $205,000 $205,000
    Single Family (1-4 Units):Site-Built 40 $5,140,000 $128,500

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $255,000 $85,000 $1,346 5.62%
    40-60% 12 $1,400,000 $116,667 $1,434 4.82%
    60-80% 13 $1,955,000 $150,385 $1,231 4.62%
    80-100% 12 $1,630,000 $135,833 $1,591 4.84%
    Over 100% 1 $105,000 $105,000 $0 4.50%