Pioneer Mortgage Rates, Fees & Info

Mountain Home, ID

LEI: 549300OP314BNT2VUU11

Tax ID: 82-0230214

5 stars - Updated: 7/20/24 - out of 5 stars, based on 19 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Pioneer is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Pioneer has a high proportion of conventional loans. Their top markets by origination volume include: Boise City, Twin Falls, Mountain Home, Hailey, and Ontario among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

Pioneer 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. Pioneer is typically an average 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 relatively high 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.03% 7/20/24
30 Year Conventional Purchase 5.87% 7/20/24
30 Year Conventional Refi 5.70% 7/20/24
30 Year Cash-out Refi 5.36% 7/20/24
15 Year Conventional Purchase 5.16% 7/20/24
15 Year Conventional Refi 5.66% 7/20/24
15 Year Cash-out Refi 5.66% 7/20/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Pioneer Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Pioneer. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

371

Origination Dollar Volume (All Markets)

$47,885,000
Show all (8) awards

Relative Rate

Pioneer's average 30 year fixed mortgage rate was 5.93%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.55%.

Relative Fees (Closing Costs)

Pioneer's average total fees/closing costs for a 30 year fixed rate mortgage were $6,235.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
BOISE CITY, ID (FHA|USDA|VA) 186 $24,120,000 $129,677 $6,307 7.89%
TWIN FALLS, ID (FHA|USDA|VA) 65 $8,115,000 $124,846 $5,546 7.68%
Mountain Home, ID (FHA|USDA|VA) 62 $7,220,000 $116,452 $4,939 7.48%
Outside of Metro Areas 31 $4,535,000 $146,290 $5,761 7.66%
Hailey, ID (FHA|USDA|VA) 20 $3,320,000 $166,000 $6,166 7.54%
Ontario, OR-ID (FHA|USDA|VA) 4 $270,000 $67,500 $3,137 8.28%
Burley, ID (FHA|USDA|VA) 2 $250,000 $125,000 $5,771 7.69%
POCATELLO, ID (FHA|USDA|VA) 1 $55,000 $55,000 $0 8.25%
Pioneer's top markets include Boise City, Twin Falls, Mountain Home, Hailey, and Ontario among others.

Their top states include:
  • Idaho (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against PIONEER based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    PIONEER
    Similarity Rank: 152
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 528
    WESTMARK Credit Union
    Similarity Rank: 880
    Shea Mortgage Inc.
    Similarity Rank: 1026
    D. L. Evans Bank
    Similarity Rank: 1920
    EAGLE HOME MORTGAGE, LLC
    Similarity Rank: 2280
    HORIZON
    Similarity Rank: 2635
    Bank of Idaho
    Similarity Rank: 2860

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 246 $16,630,000 $67,602 n/a 8.64%
    Conventional 124 $30,960,000 $249,677 $5,752 6.00%
    VA 1 $295,000 $295,000 $8,952 5.88%

    For 2023, Pioneer's most frequently originated type of loan was HELOC, with 246 originations. Their 2nd most popular type was Conventional, with 124 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 135 $8,305,000 $61,519 $0 8.73%
    Home Improvement 92 $6,400,000 $69,565 $0 8.54%
    Cash Out Refi 82 $17,970,000 $219,146 $5,205 5.78%
    Home Purchase 47 $13,415,000 $285,426 $6,804 6.82%
    Refi 15 $1,795,000 $119,667 $8,198 7.78%

    For 2023, Pioneer's most frequently cited loan purpose was Other, with 135 originations. The 2nd most popular reason was Home Improvement, with 92 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 245 $16,425,000 $67,041 $0 8.64%
    30 Year 101 $28,265,000 $279,851 $6,235 5.93%
    15 Year 21 $2,705,000 $128,810 $3,895 6.32%
    10 Year 2 $200,000 $100,000 $2,824 7.75%
    20 Year 2 $290,000 $145,000 $4,438 5.88%

    For 2023, Pioneer's most frequently cited loan duration was Other, with 245 originations. The 2nd most popular length was 30 Year, with 101 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 38 $3,980,000 $104,737
    $2k-3k 34 $6,660,000 $195,882
    $3k-4k 22 $6,420,000 $291,818
    $5k+ 20 $11,170,000 $558,500
    $4k-5k 9 $2,965,000 $329,444
    $<1k 2 $60,000 $30,000

    Pioneer's average total fees were $6,235, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 38 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 206 $15,060,000 $73,107
    6-7% 64 $16,320,000 $255,000
    7-8% 55 $4,295,000 $78,091
    5-6% 18 $3,620,000 $201,111
    3-4% 15 $4,465,000 $297,667
    4-5% 12 $3,920,000 $326,667
    2.5-3% 1 $205,000 $205,000

    During 2023, Pioneer's average interest rate for loans was 5.93%, while their most frequently originated rate bucket for loans was Over 8%, with 206 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 220 $11,010,000 $50,045 $3,094 8.43%
    $100k-200k 75 $10,325,000 $137,667 $4,150 7.51%
    $200k-400k 56 $15,190,000 $271,250 $6,128 6.09%
    $400k-600k 12 $5,700,000 $475,000 $9,679 5.77%
    $600k-1MM 8 $5,660,000 $707,500 $11,831 5.86%

    2023 saw Pioneer place emphasis on $100,000 or less loans with 220 originations, totaling $11,010,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 99 $14,825,000 $149,747 $6,541 7.73%
    $50k-75k 90 $8,850,000 $98,333 $4,752 7.65%
    $75k-100k 75 $8,155,000 $108,733 $5,778 8.03%
    $150k-250k 46 $8,650,000 $188,043 $8,397 7.79%
    $50k or less 41 $3,155,000 $76,951 $3,906 7.76%
    $250k+ 8 $3,140,000 $392,500 $8,828 6.66%

    Pioneer lent most frequently to those with incomes in the $100k-150k range, with 99 originations. The second most popular income band? $50k-75k, with 90 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 69 $9,405,000 $136,304 $5,763 7.54%
    30-36% 68 $8,740,000 $128,529 $5,505 7.52%
    <20% 21 $2,025,000 $96,429 $4,952 7.30%
    40% 20 $2,340,000 $117,000 $5,935 8.06%
    44% 20 $2,440,000 $122,000 $6,550 8.10%
    43% 18 $3,250,000 $180,556 $7,303 7.92%
    38% 17 $1,625,000 $95,588 $5,118 7.96%
    45% 17 $1,545,000 $90,882 $4,888 8.01%
    42% 16 $1,900,000 $118,750 $4,711 7.63%
    41% 16 $1,420,000 $88,750 $5,299 8.32%
    46% 13 $2,105,000 $161,923 $6,578 7.88%
    50-60% 12 $2,670,000 $222,500 $7,322 7.41%
    36% 12 $1,550,000 $129,167 $3,988 7.13%
    47% 12 $2,010,000 $167,500 $6,786 8.35%
    48% 11 $1,305,000 $118,636 $6,415 8.03%
    39% 9 $475,000 $52,778 $2,756 8.26%
    37% 9 $1,475,000 $163,889 $7,750 7.93%
    49% 8 $1,050,000 $131,250 $13,163 8.06%
    >60% 3 $555,000 $185,000 $5,803 7.50%

    Pioneer lent most frequently to those with DTI ratios of 20-30%, with 69 originations. The next most common DTI ratio? 30-36%, with 68 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 270 $33,300,000 $123,333 $5,992 7.79%
    Not provided 97 $14,005,000 $144,381 $5,325 7.64%
    Chinese 1 $325,000 $325,000 $8,506 4.88%
    Asian 2 $230,000 $115,000 $0 8.63%
    Black 1 $25,000 $25,000 $0 8.75%

    Approval Rates

    Total approvals of all applications
    92.17%

    Pioneer has an average approval rate.

    Pick Rate

    Approvals leading to origination
    57.41%

    Pioneer has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 371 $47,885,000 $129,070

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    371 $47,885,000 $129,070

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 69 $8,575,000 $124,275 $4,548 8.21%
    40-60% 37 $6,765,000 $182,838 $4,856 6.25%
    60-80% 39 $12,595,000 $322,949 $6,833 5.65%
    80-100% 27 $9,895,000 $366,481 $7,603 6.44%
    Under 20% 199 $10,055,000 $50,528 $2,726 8.46%