Pioneer Mortgage Rates, Fees & Info

Mountain Home, ID

LEI: 549300OP314BNT2VUU11

Tax ID: 82-0230214

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, Mountain Home, Hailey, Twin Falls, and Ontario among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

Pioneer 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 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.

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% 10/29/24
30 Year Conventional Purchase 5.87% 10/29/24
30 Year Conventional Refi 5.70% 10/29/24
30 Year Cash-out Refi 5.36% 10/29/24
15 Year Conventional Purchase 5.16% 10/29/24
15 Year Conventional Refi 5.66% 10/29/24
15 Year Cash-out Refi 5.66% 10/29/24
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

272

Origination Dollar Volume (All Markets)

$25,560,000

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
BOISE CITY, ID (FHA|USDA|VA) 166 $16,440,000 $99,036 $4,645 5.66%
Mountain Home, ID (FHA|USDA|VA) 38 $3,150,000 $82,895 $4,066 5.43%
Hailey, ID (FHA|USDA|VA) 18 $2,200,000 $122,222 $5,110 5.40%
TWIN FALLS, ID (FHA|USDA|VA) 28 $2,080,000 $74,286 $4,358 5.80%
Outside of Metro Areas 21 $1,615,000 $76,905 $3,721 5.42%
Ontario, OR-ID (FHA|USDA|VA) 1 $75,000 $75,000 $2,905 5.25%
Pioneer's top markets include Boise City, Mountain Home, Hailey, Twin Falls, and Ontario among others.

Their top states include:
  • Idaho (FHA|USDA|VA)
  • Oregon (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.

    FIRST MORTGAGE COMPANY, INC.
    Similarity Rank: 380
    PIONEER
    Similarity Rank: 420
    Bank of Idaho
    Similarity Rank: 483
    Idaho Independent Bank
    Similarity Rank: 688
    Stifel Bank and Trust
    Similarity Rank: 1029
    Banner Bank
    Similarity Rank: 2080
    D. L. Evans Bank
    Similarity Rank: 2162
    CLEARPATH LENDING
    Similarity Rank: 3220

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 169 $8,725,000 $51,627 n/a 6.08%
    Conventional 103 $16,835,000 $163,447 $4,458 4.82%

    For 2018, Pioneer's most frequently originated type of loan was HELOC, with 169 originations. Their 2nd most popular type was Conventional, with 103 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 96 $5,110,000 $53,229 $0 6.10%
    Home Improvement 63 $3,035,000 $48,175 $0 6.10%
    Cash Out Refi 42 $5,480,000 $130,476 $4,031 4.88%
    Home Purchase 41 $7,475,000 $182,317 $4,825 4.96%
    Refi 30 $4,460,000 $148,667 $4,630 4.87%

    For 2018, Pioneer's most frequently cited loan purpose was Other, with 96 originations. The 2nd most popular reason was Home Improvement, with 63 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 170 $8,920,000 $52,471 $4,724 6.07%
    15 Year 52 $8,300,000 $159,615 $4,430 4.86%
    30 Year 45 $7,445,000 $165,444 $4,489 4.79%
    20 Year 5 $895,000 $179,000 $4,419 4.88%

    For 2018, Pioneer's most frequently cited loan duration was Other, with 170 originations. The 2nd most popular length was 15 Year, with 52 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 46 $4,500,000 $97,826
    $2k-3k 39 $6,665,000 $170,897
    $3k-4k 10 $2,460,000 $246,000
    $4k-5k 4 $1,210,000 $302,500
    $5k+ 4 $2,000,000 $500,000

    Pioneer's average total fees were $4,489, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 46 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 108 $9,130,000 $84,537
    4-5% 85 $12,725,000 $149,706
    6-7% 60 $2,640,000 $44,000
    7-8% 11 $435,000 $39,545
    3-4% 4 $480,000 $120,000
    Over 8% 4 $150,000 $37,500

    During 2018, Pioneer's average interest rate for loans was 4.79%, while their most frequently originated rate bucket for loans was 5-6%, with 108 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 179 $8,015,000 $44,777 $3,064 5.92%
    $100k-200k 67 $9,675,000 $144,403 $4,270 4.98%
    $200k-400k 22 $5,820,000 $264,545 $5,937 5.05%
    $400k-600k 3 $1,315,000 $438,333 $7,978 4.83%
    $600k-1MM 1 $735,000 $735,000 $11,406 5.00%

    2018 saw Pioneer place emphasis on $100,000 or less loans with 179 originations, totaling $8,015,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 92 $7,570,000 $82,283 $4,479 5.74%
    $50k or less 65 $5,605,000 $86,231 $3,677 5.30%
    $100k-150k 48 $4,820,000 $100,417 $5,155 5.75%
    $75k-100k 45 $4,325,000 $96,111 $5,273 5.61%
    $150k-250k 19 $2,725,000 $143,421 $6,599 5.59%
    $250k+ 2 $460,000 $230,000 $0 5.75%

    Pioneer lent most frequently to those with incomes in the $50k-75k range, with 92 originations. The second most popular income band? $50k or less, with 65 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 66 $5,820,000 $88,182 $3,958 5.39%
    30-36% 65 $4,155,000 $63,923 $3,923 5.85%
    <20% 19 $1,185,000 $62,368 $4,003 5.51%
    40% 15 $1,165,000 $77,667 $4,005 5.86%
    37% 12 $1,040,000 $86,667 $5,203 5.79%
    50-60% 9 $1,395,000 $155,000 $5,036 5.35%
    39% 9 $765,000 $85,000 $3,936 5.32%
    41% 8 $680,000 $85,000 $4,856 5.91%
    46% 8 $1,130,000 $141,250 $4,404 5.38%
    38% 7 $1,425,000 $203,571 $6,438 5.68%
    44% 7 $795,000 $113,571 $4,405 5.21%
    45% 7 $455,000 $65,000 $3,847 6.05%
    43% 7 $975,000 $139,286 $4,584 5.32%
    36% 7 $1,285,000 $183,571 $6,258 5.30%
    >60% 6 $1,370,000 $228,333 $5,734 5.10%
    48% 5 $455,000 $91,000 $4,305 5.80%
    49% 5 $625,000 $125,000 $4,450 5.38%
    42% 4 $200,000 $50,000 $0 6.06%
    47% 2 $440,000 $220,000 $5,305 5.00%

    Pioneer lent most frequently to those with DTI ratios of 20-30%, with 66 originations. The next most common DTI ratio? 30-36%, with 65 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 242 $22,900,000 $94,628 $4,380 5.59%
    Not provided 23 $1,815,000 $78,913 $5,638 5.64%
    American Indian 3 $385,000 $128,333 $4,743 5.17%
    Vietnamese 1 $325,000 $325,000 $6,661 5.00%
    Not applicable 2 $100,000 $50,000 $0 7.63%
    Asian 1 $35,000 $35,000 $0 5.50%

    Approval Rates

    Total approvals of all applications
    84.48%

    Pioneer has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    60.66%

    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 272 $25,560,000 $93,971

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 13 $1,345,000 $103,462
    Single Family (1-4 Units):Site-Built 259 $24,215,000 $93,494

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 61 $4,215,000 $69,098 $3,534 5.86%
    40-60% 19 $2,235,000 $117,632 $3,876 4.93%
    60-80% 54 $9,050,000 $167,593 $4,588 4.99%
    80-100% 31 $5,795,000 $186,935 $4,871 4.95%
    Under 20% 107 $4,265,000 $39,860 $0 6.08%