Pioneer Bank Mortgage Rates, Fees & Info

STANLEY, VA

LEI: 549300IDUXRYG23KYY13

Tax ID: 54-0208079

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 and Refi loans. Pioneer Bank has a high proportion of conventional loans. Their top markets by origination volume include: Charlottesville, Harrisonburg, Washington, Staunton, and Lynchburg among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    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.

    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

    109

    Origination Dollar Volume (All Markets)

    $25,585,000

    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 60 $11,020,000 $183,667 $0 0.00%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 19 $6,605,000 $347,632 $0 0.00%
    HARRISONBURG, VA (FHA|USDA|VA) 15 $2,995,000 $199,667 $0 0.00%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 3 $1,595,000 $531,667 $0 0.00%
    STAUNTON, VA (FHA|USDA|VA) 10 $1,560,000 $156,000 $0 0.00%
    LYNCHBURG, VA (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $0 0.00%
    WINCHESTER, VA-WV (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    Pioneer Bank's top markets include Charlottesville, Harrisonburg, Washington, Staunton, and Lynchburg among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 109 $25,585,000 $234,725 $0 0.00%

    For 2022, Pioneer Bank's most frequently originated type of loan was Conventional, with 109 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 56 $13,070,000 $233,393 $0 0.00%
    Refi 33 $8,725,000 $264,394 $0 0.00%
    Home Improvement 13 $1,415,000 $108,846 $0 0.00%
    Other 7 $2,375,000 $339,286 $0 0.00%

    For 2022, Pioneer Bank's most frequently cited loan purpose was Home Purchase, with 56 originations. The 2nd most popular reason was Refi, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 109 $25,585,000 $234,725 $0 0.00%

    For 2022, Pioneer Bank's most frequently cited loan duration was Other, with 109 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 34 $9,400,000 $276,471 $0 0.00%
    $100k-200k 33 $5,125,000 $155,303 $0 0.00%
    $100,000 or less 31 $1,955,000 $63,065 $0 0.00%
    $600k-1MM 5 $3,765,000 $753,000 $0 0.00%
    $400k-600k 4 $1,920,000 $480,000 $0 0.00%
    $1MM+ 2 $3,420,000 $1,710,000 $0 0.00%

    2022 saw Pioneer Bank place emphasis on $200k-400k loans with 34 originations, totaling $9,400,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 18 $3,090,000 $171,667 $0 0.00%
    $50k-75k 17 $2,565,000 $150,882 $0 0.00%
    $75k-100k 11 $1,775,000 $161,364 $0 0.00%
    $50k or less 10 $810,000 $81,000 $0 0.00%
    $150k-250k 8 $1,560,000 $195,000 $0 0.00%
    $250k+ 6 $1,790,000 $298,333 $0 0.00%

    Pioneer Bank lent most frequently to those with incomes in the $100k-150k range, with 18 originations. The second most popular income band? $50k-75k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 109 $25,585,000 $234,725 $0 0.00%

    Pioneer Bank lent most frequently to those with DTI ratios of Exempt%, with 109 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 39 $13,995,000 $358,846 $0 0.00%
    White 66 $10,950,000 $165,909 $0 0.00%
    Not provided 2 $490,000 $245,000 $0 0.00%
    Black 1 $95,000 $95,000 $0 0.00%
    Asian 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.37%

    Pioneer Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.99%

    Pioneer Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 109 $25,585,000 $234,725

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    109 $25,585,000 $234,725