Pioneer Bank Mortgage Rates, Fees & Info
STANLEY, VALEI: 549300IDUXRYG23KYY13
Tax ID: 54-0208079
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Mortgage Data
Review & Overview
Pioneer Bank is a smaller bank specializing in Home Purchase and Refi loans. Pioneer Bank has a high proportion of conventional loans. Their top markets by origination volume include: Harrisonburg, Charlottesville, Washington, Staunton, and Lynchburg among others. We have data for 6 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 a below average pick rate when compared to similar lenders.
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Originations
57Origination Dollar Volume (All Markets)
$8,355,000Top 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 | 47 | $5,795,000 | $123,298 | $0 | 0.00% |
| HARRISONBURG, VA (FHA|USDA|VA) | 5 | $1,355,000 | $271,000 | $0 | 0.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 57 | $8,355,000 | $146,579 | $0 | 0.00% |
For 2019, Pioneer Bank's most frequently originated type of loan was Conventional, with 57 originations.
Loan Reason
For 2019, Pioneer Bank's most frequently cited loan purpose was Home Purchase, with 32 originations. The 2nd most popular reason was Refi, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 57 | $8,355,000 | $146,579 | $0 | 0.00% |
For 2019, Pioneer Bank's most frequently cited loan duration was Other, with 57 originations.
Loan Sizing
2019 saw Pioneer Bank place emphasis on $100,000 or less loans with 23 originations, totaling $1,355,000 in origination value.
Applicant Income
Pioneer Bank lent most frequently to those with incomes in the $50k or less range, with 14 originations. The second most popular income band? $50k-75k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 57 | $8,355,000 | $146,579 | $0 | 0.00% |
Pioneer Bank lent most frequently to those with DTI ratios of Exempt%, with 57 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.19%
Pioneer Bank has an average approval rate.
Pick Rate
Approvals leading to origination84.21%
Pioneer Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 57 | $8,355,000 | $146,579 |