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Loans

Low rates, flexible terms, and local support.

We feel a loan application doesn't always tell the whole story, which is why we take the time to listen and consider your particular needs. Every member of our team works for you - from our lending officers and support teams to our branch managers and tellers. Our lending team is empowered to make local loan decisions based on their knowledge and experience.

Our goal at Pioneer is to provide competitive lending rates along with the highest level of service. We are committed to serving our community and our customers, and we want to earn your business as a financial partner and local resource.

Our Lending Team is only a phone call away if you have questions or need help. Contact us at 518.730.3000.

Find a branch near you

View current rates and repayment terms available

Mortgages

Pioneer offers home financing options through a strategic partnership with Homestead Funding Corp.

Buying a home is one of the biggest financial decisions you will make. Working with a trustworthy and experienced lender can make the loan process as simple as possible.

As a licensed mortgage banker, Homestead Funding Corp. is headquartered in Albany, NY, and understands the home financing needs of Capital Region residents better than anyone in the local mortgage market. Since 1992, they have provided home financing options and outstanding customer service to all of their borrowers. We are excited to have the opportunity to offer Homestead Funding's services to our bank customers.

Click here to have a Licensed Loan Originator contact you.

Homestead Funding has it all!

  • Founded in 1992 - consistently ranked as the number one Residential Mortgage Lender*
  • Local in-house underwriting, processing, closing and funding for superior, responsive, and on-time closings
  • Highly experienced and knowledgeable Licensed Loan Originators help guide buyers through the process

Extensive Home Financing Options

  • FHA - including 203k Renovation and Energy Efficient Mortgages
  • Conventional - including Homestyle Renovation
  • VA
  • JUMBO
  • USDA Rural Housing
  • Investment Property and Second Home Options
  • New Construction Disbursement Loans

*In the Albany Business Review Book of lists 1997-2002, 2005-2010, 2013-2020.

Homestead Funding Corp. is a separate legal entity and is not owned or controlled by Pioneer Bank.

Home Equity Lines & Loans

Put your home's equity to work with low-interest financing

What would you do with some extra money? Would you do home repairs or improvements, finance a college education, or take a much-needed vacation? Home equity loans and lines of credit from Pioneer offer an easy and affordable way to realize your goals.

What is a Home Equity Loan?

Home equity lending uses the equity of your home as collateral, so you can borrow at a lower interest rate and often with no closing costs. Choose from a home equity line of credit (or HELOC) - a variable rate, revolving line of credit that's there for ongoing projects or expenses - or a home equity loan for borrowing a lump sum to cover one-time expenses or mortgage financing. Pioneer can help you find the best fixed or variable rates and flexible term options to meet your borrowing needs. Learn about our home equity line of credit and loans below.

Home Equity Line of Credit

  • The rate is variable at Prime plus 0.00%, currently 3.25% APR.1
  • No closing costs for loans up to $150,0002
  • Flexible borrowing
  • Fix a portion of the line3
  • Minimum loan amount $5,000

If you're interested in applying for a home equity line of credit, click the link below.

Apply Now

Fixed Rate Home Equity Loans

  • No closing costs for loans up to $150,0002
  • Various repayment terms available
  • Fixed monthly payments
  • Minimum loan amount $5,000

If you're interested in applying for a home equity loan, click the link below.

Apply Now

Pioneer Bank NMLS ID#612446.
For a list of Pioneer Bank NMLS licensed representatives, click here.

1) APR (Annual Percentage Rate). The rate is variable at Prime plus 0.00%, currently 3.25% APR, with a floor of 4.00% APR for the remainder of the loan. This rate will be based on the Prime Rate as published in the Wall Street Journal. The maximum APR is 15%. This offer is valid for all applications with a minimum line of $5,000. 90% maximum combined loan to value. Minimum loan amount: $5,000. Flood insurance may be required. Property insurance is required. Loan approval is subject to credit approval and program guidelines. Interest rates and program terms are subject to change without notice. Consult your tax advisor regarding interest deductibility.

2) Bank will pay closing costs on lines up to $150,000. For lines in excess of $150,000, borrower will pay for the cost of title insurance ranging from $549.00 to $2,103.00. If the line is cancelled for any reason within the first three years, your repayment amount will include reimbursement to Pioneer Bank for bona fide fees it paid to third parties on your behalf in connection with the opening of your account. Some lines may require NYS Mortgage Tax.

3) Option to lock in a fixed rate on all or any part of the variable-rate balance with a minimum balance of $5,000.

Unsecured Home Improvement Loan

Bring your dream home to life

Looking to update your kitchen, bathroom, or backyard? Take the first step toward your dream home with a loan from Pioneer. Fixed rates and flexible borrowing options will help you get started on your next exciting project.

Take the first step with the help of Pioneer:

  • No collateral required
  • Loans amounts from $10,000 to $25,000
  • Quick approval from local decision-makers
  • Various repayment terms available depending on loan amount
  • Fixed rate
  • Fixed monthly payments
  • No appraisals or estimates required

Download credit application below to complete in advance or apply at any Pioneer branch.

Access the credit application

Unsecured Personal Loan

Quick loans for the unexpected

When you need money fast, an Unsecured Personal Loan from Pioneer can help. With flexible borrowing options and a fixed rate, you can borrow confidently. And with the local service of Pioneer, your loan decision is usually made within 24 business hours so you can cover those unexpected costs, purchase a new car, finance home repairs, or consolidate higher-interest loans.

Get going with fast, flexible financing from Pioneer today:
  • No collateral required
  • Loan amounts from $2,000 - $10,000
  • Quick approval from local decision-makers
  • Various repayment terms available
  • Fixed rate
  • Fixed monthly payments

Download credit application below to complete in advance or apply at any Pioneer branch.

Access the credit application

Secured Personal Loans

Access lower interest rates for your needs

Access a lower interest rate by using your personal assets as collateral for a Secured Personal Loan from Pioneer. We provide financing up to 80% of NADA retail value for automobiles, boats, travel trailers, motor homes, motorcycles, or snowmobiles so that you can finance your next purchase - all with quick approval from our local lending team, and locked-in rates.

Finance your next purchase with the help of your current assets:
  • Loan amounts from $2,000 and up
  • Quick approval from local decision-makers
  • Various repayment terms available
  • Low, fixed rate
  • Fixed monthly payments

Download credit application below to complete in advance or apply at any Pioneer branch.

Access the credit application

Credit Cards

Simply RewardsTM VISA Credit Card

Earn more rewards for all your everyday purchases.1

  • 3x the points: Grocery Stores, Discount Stores, Gas Stations, Restaurants & Fast Food

  • 1x the points: All other purchases

We make it easy to redeem: Access your account to see how many points you've earned through online banking or your monthly statement at www.cardcenterdirect.com. Redeem your reward points for Account Credits, Gift Cards, Travel, Entertainment and more.1

​Additional Visa Benefits
  • Fraud Protection: Visa's Zero Liability Policy means you won't be held responsible for any unauthorized charges made with your card or account information.2

  • Others: Including auto rental coverage, emergency cash, travel/emergency assistance, warranty manager and more.3

  • Online Credit Card Control: View transactions, pay bills and track expenses; Includes eStatements with 18 months of history

Apply Now

Cardholder Self-Service Contacts

Cards issued by UMB Bank, n.a. 1Cardholders earn 3 points per dollar on purchases with MCC codes: 5411 (Grocery Stores), 5541 or 5542 (Gas), 5310 (Discount Stores), 5812 (Restaurants) and 5814 (Fast Food). Cardholders earn 1 point per dollar on all other purchases. See Simply Rewards Rules for details. 2Visa's Zero Liability Policy covers U.S. issued cards only and does not apply to certain commercial card transactions. You must notify your financial institution immediately of any unauthorized use. For specific restrictions, limitations and other details, please consult your issuer. 3See the Rewards Rules and Guide to Benefits that accompany your card for details. Certain terms and conditions may apply.

Servicing Fees

1. Subordination
$300.00 when Pioneer Bank is requested to subordinate an existing junior lien (equity line, fixed rate equity, home improvement loan, etc.) to a different lender who holds or will hold the first mortgage. Fee is collected at time of request.

2. Release of Parcel
$595.00 when Pioneer Bank is requested to release a parcel of land from a mortgage. Fee is collected at time of request.

3. Release of Liability
$595.00 when Pioneer Bank is requested to release a borrower from liability on a mortgage due to marital separation, partnership separation or divorce. Fee is collected at time of request.

4. Assignment of Mtg.
$600.00 when Pioneer Bank is requested to assign its mortgage to another lender. Fee is collected at time of request. Pioneer's attorney must review the documents, prepare the Assignment and coordinate the delivery of the Original Note and Mortgage to the requesting lender.
$300.00 when an assignment will be requested by Pioneer Bank from another lender.

5. ARM Conversion
$500.00 to convert an eligible ARM loan to a fixed rate.

6. HELOC Fixed Rate Loan Balance Transfer Request
$50 per request

7. Duplicate Discharge Fee
$50 per discharge

8. Research Fees
$20 per hr. and $.50 per page for copies

9. Late Fees - Mortgage Loans:
2% of overdue principal and interest payment or 2% of overdue principal, interest and escrow payment, depending on loan product; please check your loan documents or call Pioneer Bank for verification

10. Late Fees - Home Equity Loans:
2% of overdue principal and interest payment

11. Late Fees – Home Improvement Loans, Personal (Unsecured & Secured) Loans: 5% of overdue principal and interest payment or $5.00, whichever is lower.

12. Loan Extension Fee:
$35 per loan extension

 

Financial Knowledge is Power: Our Learning Center is full of personal finance tips and insight to help you make smarter choices about your money.

Financial Knowledge is Power

Our Learning Center is full of personal finance tips and insight to help you make smarter choices about your money.

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