Pioneer Community Bank Mortgage Rates, Fees & Info

Sophia, WV

LEI: 549300ZZ7K4DPF84PF16

Tax ID: 55-0118920

Latest/2024 | 2023 Data | 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 Community Bank is a smaller bank specializing in Home Purchase and Refi loans. Pioneer Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Beckley, Bluefield, and Charleston among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Pioneer Community Bank has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Pioneer Community Bank 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.

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    Originations

    54

    Origination Dollar Volume (All Markets)

    $4,170,000

    Awards

    Pioneer Community Bank 30 Year Conventional Loans bronze
    Show all (1) 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
    BECKLEY, WV (FHA|USDA|VA) 38 $3,070,000 $80,789 $2,936 4.98%
    Outside of Metro Areas 11 $575,000 $52,273 $2,213 5.99%
    Bluefield, WV-VA (FHA|USDA|VA) 4 $470,000 $117,500 $3,200 5.62%
    CHARLESTON, WV (FHA|USDA|VA) 1 $55,000 $55,000 $2,578 5.99%
    Pioneer Community Bank's top markets include Beckley, Bluefield, and Charleston among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 54 $4,170,000 $77,222 $2,730 5.25%

    For 2018, Pioneer Community Bank's most frequently originated type of loan was Conventional, with 54 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 30 $1,960,000 $65,333 $2,587 5.45%
    Refi 21 $2,095,000 $99,762 $2,847 4.88%
    Home Improvement 3 $115,000 $38,333 $2,621 5.82%

    For 2018, Pioneer Community Bank's most frequently cited loan purpose was Home Purchase, with 30 originations. The 2nd most popular reason was Refi, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 17 $1,325,000 $77,941 $2,709 5.23%
    15 Year 12 $660,000 $55,000 $2,586 5.72%
    30 Year 11 $1,425,000 $129,545 $2,689 4.60%
    10 Year 9 $385,000 $42,778 $2,689 5.60%
    Other 4 $330,000 $82,500 $3,386 4.74%
    5 Year 1 $45,000 $45,000 $0 5.99%

    For 2018, Pioneer Community Bank's most frequently cited loan duration was 20 Year, with 17 originations. The 2nd most popular length was 15 Year, with 12 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 32 $2,590,000 $80,938

    Pioneer Community Bank's average total fees were $2,689, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 32 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 34 $2,340,000 $68,824
    4-5% 16 $1,520,000 $95,000
    6-7% 4 $310,000 $77,500

    During 2018, Pioneer Community Bank's average interest rate for loans was 4.60%, while their most frequently originated rate bucket for loans was 5-6%, with 34 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 39 $1,745,000 $44,744 $2,572 5.35%
    $100k-200k 12 $1,650,000 $137,500 $3,001 4.95%
    $200k-400k 3 $775,000 $258,333 $3,248 5.16%

    2018 saw Pioneer Community Bank place emphasis on $100,000 or less loans with 39 originations, totaling $1,745,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 17 $855,000 $50,294 $2,235 5.62%
    $75k-100k 12 $980,000 $81,667 $3,061 5.05%
    $50k-75k 11 $835,000 $75,909 $3,028 5.17%
    $100k-150k 5 $415,000 $83,000 $3,014 4.69%
    $150k-250k 2 $330,000 $165,000 $2,779 5.24%
    $250k+ 1 $105,000 $105,000 $0 5.24%

    Pioneer Community Bank lent most frequently to those with incomes in the $50k or less range, with 17 originations. The second most popular income band? $75k-100k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 18 $1,040,000 $57,778 $2,416 5.45%
    20-30% 13 $775,000 $59,615 $2,812 5.20%
    30-36% 13 $1,425,000 $109,615 $2,857 5.11%
    36% 2 $110,000 $55,000 $3,267 4.87%
    38% 1 $105,000 $105,000 $0 5.25%
    42% 1 $65,000 $65,000 $2,621 5.24%

    Pioneer Community Bank lent most frequently to those with DTI ratios of <20%, with 18 originations. The next most common DTI ratio? 20-30%, with 13 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 48 $3,520,000 $73,333 $2,730 5.26%
    Not applicable 6 $650,000 $108,333 $0 5.21%

    Approval Rates

    Total approvals of all applications
    60.53%

    Pioneer Community Bank has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    75.93%

    Pioneer Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 54 $4,170,000 $77,222

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 15 $825,000 $55,000
    Single Family (1-4 Units):Site-Built 39 $3,345,000 $85,769

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $90,000 $45,000 $2,702 5.62%
    40-60% 6 $280,000 $46,667 $2,288 5.49%
    60-80% 21 $1,745,000 $83,095 $3,034 5.30%
    80-100% 23 $1,995,000 $86,739 $2,639 5.16%
    Under 20% 2 $60,000 $30,000 $2,482 4.74%