Mortgage lender · Belle Fourche, SD · LEI 254900CYWJYH3ES8BV63

Pioneer Bank & Trust review: approval odds, rates and grade (2025)

Pioneer Bank & Trust earns a C, in line with the typical performance of small mortgage lenders. It turned down 10.1% of the applications it decided on in 2025, which ranks in the 48th percentile for approval odds. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

192Applications2025
72.4%Originatedof applications
10.1%Decision denial ratenational 22.6%
Median ratenational 6.63%
$53MLoan volume7 states

Pioneer Bank & Trust at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

8.3%Denial rate (all applications)-9.65 pts vs national
10.1%Denial rate (decided applications)-12.53 pts vs national
72.4%Origination rate+14.37 pts vs national
15.6%Withdrawn by applicant
1.6%Closed for incompleteness
Median interest rate
Median rate spread (pts over APOR)
$305,000Median loan amount
Median total loan costs
$118kMedian applicant income
Median loan-to-value
0High-cost (HOEPA) loans

How the C grade breaks down

Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.

Approval oddsdecision denial rate, weight 45%

48th10.1% denied

Processwithdrawn + incomplete share, weight 15%

27th17.2%

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
202316111010.6%12.9%$31M
20241731344.6%5.4%$47M
20251921398.3%10.1%$53M

What Pioneer Bank & Trust lends

Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.

By loan purpose

Home purchase 141 73% · 4.3% denied
Refinance 23 12% · 17.4% denied
Cash-out refinance 17 9% · 29.4% denied
Home improvement 6 3% · 0.0% denied
Other / HELOC 5 3% · 20.0% denied

By loan type

Conventional 163 85% · 6.8% denied
FHA 12 6% · 16.7% denied
VA 16 8% · 18.8% denied
USDA / RHS 1 1% · 0.0% denied

Also: 0 home-equity lines, 0 reverse mortgages, 21 manufactured homes, 32 investment properties.

Who gets approved at Pioneer Bank & Trust

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
$50k – $100k483118.0%
$100k – $150k593811.1%
$150k – $250k23195.0%
Over $250k26190.0%
Applicant ageApplicationsOriginatedDecision denial rate
25–34372712.1%
35–4444355.3%
45–54392815.2%
55–6421109.1%

Where Pioneer Bank & Trust lends

7 states and 18 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
South Dakota1801308.3%#38
Wyoming6416.7%#178

Frequently asked questions

Pioneer Bank & Trust denied 10.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 48th percentile of small mortgage lenders.

In 2025, 73% of its applications were for home purchases, 21% for refinancing (including cash-out), and 6% for home improvement or other purposes. By loan type: 85% conventional, 6% FHA, 8% VA.

Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with Pioneer Bank & Trust. Data sources · Methodology