Pioneer Mortgage Rates, Fees & Info

Mountain Home, ID

LEI: 549300OP314BNT2VUU11

Tax ID: 82-0230214

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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, Hailey, Mountain Home, and Ontario among others. We have data for 10 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 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.

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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

638

Origination Dollar Volume (All Markets)

$103,740,000
Show all (7) awards

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) 333 $57,055,000 $171,336 $6,355 4.74%
TWIN FALLS, ID (FHA|USDA|VA) 126 $18,650,000 $148,016 $5,141 4.67%
Hailey, ID (FHA|USDA|VA) 43 $10,205,000 $237,326 $6,664 4.20%
Mountain Home, ID (FHA|USDA|VA) 83 $10,075,000 $121,386 $4,906 4.50%
Outside of Metro Areas 35 $5,365,000 $153,286 $4,830 5.01%
Ontario, OR-ID (FHA|USDA|VA) 10 $1,560,000 $156,000 $5,896 4.60%
Burley, ID (FHA|USDA|VA) 5 $675,000 $135,000 $4,216 5.25%
Moscow, ID (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.50%
POCATELLO, ID (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.00%
Blackfoot, ID (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.75%
Pioneer's top markets include Boise City, Twin Falls, Hailey, Mountain Home, 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: 630
    Bank of Idaho
    Similarity Rank: 1210
    Stifel Bank and Trust
    Similarity Rank: 1648
    D. L. Evans Bank
    Similarity Rank: 2046
    WESTMARK Credit Union
    Similarity Rank: 2190
    First Republic Bank
    Similarity Rank: 2394
    HORIZON
    Similarity Rank: 4095
    Banner Bank
    Similarity Rank: 4424

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 350 $26,900,000 $76,857 n/a 5.00%
    Conventional 288 $76,840,000 $266,806 $5,751 4.28%

    For 2022, Pioneer's most frequently originated type of loan was HELOC, with 350 originations. Their 2nd most popular type was Conventional, with 288 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 176 $45,160,000 $256,591 $5,518 4.01%
    Home Improvement 159 $11,305,000 $71,101 $0 4.86%
    Other 157 $12,615,000 $80,350 $0 5.17%
    Home Purchase 99 $27,635,000 $279,141 $6,350 4.86%
    Refi 47 $7,025,000 $149,468 $5,164 4.49%

    For 2022, Pioneer's most frequently cited loan purpose was Cash Out Refi, with 176 originations. The 2nd most popular reason was Home Improvement, with 159 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 351 $27,095,000 $77,194 $1,877 5.00%
    30 Year 248 $72,250,000 $291,331 $6,209 4.24%
    15 Year 22 $3,280,000 $149,091 $4,209 3.70%
    10 Year 13 $165,000 $12,692 $231 6.14%
    20 Year 4 $950,000 $237,500 $4,769 3.66%

    For 2022, Pioneer's most frequently cited loan duration was Other, with 351 originations. The 2nd most popular length was 30 Year, with 248 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 86 $17,910,000 $208,256
    $3k-4k 73 $21,745,000 $297,877
    $1k-2k 47 $5,165,000 $109,894
    $5k+ 34 $18,510,000 $544,412
    $4k-5k 32 $12,900,000 $403,125
    $<1k 16 $610,000 $38,125

    Pioneer's average total fees were $6,209, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 86 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 248 $42,930,000 $173,105
    4-5% 172 $30,290,000 $176,105
    5-6% 113 $19,035,000 $168,451
    6-7% 69 $6,265,000 $90,797
    7-8% 17 $1,445,000 $85,000
    2.5-3% 16 $3,190,000 $199,375
    Over 8% 2 $110,000 $55,000
    <2.5% 1 $475,000 $475,000

    During 2022, Pioneer's average interest rate for loans was 4.24%, while their most frequently originated rate bucket for loans was 3-4%, with 248 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 297 $14,365,000 $48,367 $2,001 5.03%
    $200k-400k 155 $43,385,000 $279,903 $6,254 4.34%
    $100k-200k 134 $18,710,000 $139,627 $4,159 4.39%
    $400k-600k 38 $17,930,000 $471,842 $8,595 4.33%
    $600k-1MM 14 $9,350,000 $667,857 $10,532 4.46%

    2022 saw Pioneer place emphasis on $100,000 or less loans with 297 originations, totaling $14,365,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 161 $20,545,000 $127,609 $4,875 4.72%
    $100k-150k 152 $27,910,000 $183,618 $6,585 4.76%
    $75k-100k 143 $23,535,000 $164,580 $5,704 4.59%
    $50k or less 89 $9,515,000 $106,910 $4,329 4.51%
    $150k-250k 63 $12,225,000 $194,048 $7,414 4.77%
    $250k+ 24 $9,110,000 $379,583 $9,248 4.80%

    Pioneer lent most frequently to those with incomes in the $50k-75k range, with 161 originations. The second most popular income band? $100k-150k, with 152 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 155 $23,365,000 $150,742 $5,173 4.47%
    30-36% 110 $17,470,000 $158,818 $6,022 4.60%
    <20% 45 $7,965,000 $177,000 $5,786 4.44%
    44% 36 $5,720,000 $158,889 $6,193 5.16%
    45% 29 $4,305,000 $148,448 $5,207 4.94%
    37% 28 $4,790,000 $171,071 $5,490 4.34%
    42% 24 $4,360,000 $181,667 $5,780 4.68%
    36% 24 $4,320,000 $180,000 $5,934 4.47%
    41% 24 $4,330,000 $180,417 $5,867 5.15%
    38% 23 $4,455,000 $193,696 $6,378 4.66%
    39% 21 $2,805,000 $133,571 $4,943 4.89%
    46% 20 $2,490,000 $124,500 $5,096 4.97%
    47% 20 $3,420,000 $171,000 $7,155 4.73%
    50-60% 18 $3,950,000 $219,444 $6,844 4.63%
    43% 17 $2,475,000 $145,588 $5,849 4.96%
    48% 16 $2,410,000 $150,625 $7,171 5.41%
    40% 16 $3,330,000 $208,125 $7,721 4.62%
    49% 10 $1,680,000 $168,000 $5,381 4.94%

    Pioneer lent most frequently to those with DTI ratios of 20-30%, with 155 originations. The next most common DTI ratio? 30-36%, with 110 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 441 $65,605,000 $148,764 $5,570 4.67%
    Not provided 179 $34,405,000 $192,207 $5,973 4.66%
    American Indian 7 $1,145,000 $163,571 $4,732 5.11%
    Black 3 $975,000 $325,000 $13,147 4.75%
    Asian Indian 1 $755,000 $755,000 $9,047 4.50%
    Asian 6 $700,000 $116,667 $6,910 5.25%
    Other Pacific Islander 1 $155,000 $155,000 $0 4.00%

    Approval Rates

    Total approvals of all applications
    92.87%

    Pioneer has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.59%

    Pioneer has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 638 $103,740,000 $162,602

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    638 $103,740,000 $162,602

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 113 $15,645,000 $138,451 $4,026 4.58%
    40-60% 75 $18,995,000 $253,267 $5,619 4.04%
    60-80% 105 $31,545,000 $300,429 $6,327 4.11%
    80-100% 65 $23,155,000 $356,231 $7,313 4.72%
    Under 20% 280 $14,400,000 $51,429 $1,082 5.08%