Pioneer Bank Mortgage Rates, Fees & Info
Auburndale, WILEI: 5493007DQGMVKRNOMA84
Tax ID: 39-0139100
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Mortgage Data
Review & Overview
Pioneer Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Pioneer Bank has a high proportion of conventional loans. Their top (well, only) market is Wausau.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.
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Originations
50Origination Dollar Volume (All Markets)
$6,030,000Top 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 | 42 | $5,170,000 | $123,095 | $0 | 0.00% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 8 | $860,000 | $107,500 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 50 | $6,030,000 | $120,600 | $0 | 0.00% |
For 2019, Pioneer Bank's most frequently originated type of loan was Conventional, with 50 originations.
Loan Reason
For 2019, Pioneer Bank's most frequently cited loan purpose was Home Purchase, with 25 originations. The 2nd most popular reason was Cash Out Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 50 | $6,030,000 | $120,600 | $0 | 0.00% |
For 2019, Pioneer Bank's most frequently cited loan duration was Other, with 50 originations.
Loan Sizing
2019 saw Pioneer Bank place emphasis on $100k-200k loans with 29 originations, totaling $3,985,000 in origination value.
Applicant Income
Pioneer Bank lent most frequently to those with incomes in the $50k-75k range, with 13 originations. The second most popular income band? $50k or less, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 50 | $6,030,000 | $120,600 | $0 | 0.00% |
Pioneer Bank lent most frequently to those with DTI ratios of Exempt%, with 50 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 44 | $5,380,000 | $122,273 | $0 | 0.00% |
| Not applicable | 6 | $650,000 | $108,333 | $0 | 0.00% |
Approval Rates
Total approvals of all applications93.33%
Pioneer Bank has an average approval rate.
Pick Rate
Approvals leading to origination88.00%
Pioneer Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 50 | $6,030,000 | $120,600 |