Pulte Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 5493004WMLN60ZJ2ON46

Tax ID: 42-1554181

5 stars - out of 5 stars, based on 145 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Pulte Mortgage is a mid-sized mortgage company specializing in Home Purchase loans. Pulte Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Phoenix, Dallas, Las Vegas, Orlando, and Austin among others. Pulte Mortgage has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Pulte Mortgage is typically a low fee lendor.


Originations

21,164

Origination Dollar Volume (All Markets)

$7,432,050,000
Show all (94) awards

Relative Rate

Pulte Mortgage 's average 30 year fixed rate mortgage of loans were 3.05%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.1%.

Relative Fees

Pulte Mortgage 's average total fees for a 30 year fixed rate mortgage are $2,585.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1,232 $446,130,000 $362,119 $1,827 3.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1,355 $383,205,000 $282,808 $3,192 3.04%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 892 $379,850,000 $425,841 $1,666 2.99%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 897 $320,705,000 $357,531 $3,207 3.11%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1,086 $310,950,000 $286,326 $2,936 2.99%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1,158 $279,510,000 $241,373 $3,078 3.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 750 $274,320,000 $365,760 $2,448 2.93%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 548 $250,690,000 $457,464 $2,883 2.94%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 961 $248,595,000 $258,684 $3,820 2.96%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 739 $225,955,000 $305,758 $2,762 3.07%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 514 $225,730,000 $439,163 $2,848 2.98%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 707 $218,515,000 $309,074 $1,403 2.96%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 548 $216,740,000 $395,511 $1,604 2.93%
COLUMBUS, OH (FHA|USDA|VA) 578 $197,090,000 $340,986 $2,137 2.89%
RALEIGH-CARY, NC (FHA|USDA|VA) 624 $195,780,000 $313,750 $1,240 3.00%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 514 $184,370,000 $358,696 $1,788 3.05%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 521 $183,525,000 $352,255 $2,773 3.05%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 480 $180,470,000 $375,979 $1,839 2.96%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 550 $179,320,000 $326,036 $3,131 3.07%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 266 $165,710,000 $622,970 $1,937 2.91%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 419 $163,365,000 $389,893 $2,958 2.90%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 401 $149,215,000 $372,107 $2,249 2.91%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 320 $140,960,000 $440,500 $3,138 3.07%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 203 $140,095,000 $690,123 $1,757 3.02%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 347 $134,325,000 $387,104 $1,717 2.96%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 265 $114,455,000 $431,906 $2,595 2.87%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 154 $114,150,000 $741,234 $1,220 3.04%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 386 $106,930,000 $277,021 $1,401 3.11%
JACKSONVILLE, FL (FHA|USDA|VA) 359 $101,875,000 $283,774 $2,887 3.04%
ALBUQUERQUE, NM (FHA|USDA|VA) 276 $94,790,000 $343,442 $2,765 2.98%
TUCSON, AZ (FHA|USDA|VA) 231 $89,275,000 $386,472 $2,041 2.93%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 239 $88,815,000 $371,611 $3,572 3.06%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 277 $87,565,000 $316,119 $2,610 3.09%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 239 $67,335,000 $281,736 $1,303 3.06%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 147 $66,755,000 $454,116 $4,187 3.02%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 184 $63,560,000 $345,435 $2,740 2.86%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 137 $62,595,000 $456,898 $2,245 2.85%
STOCKTON, CA (FHA|USDA|VA) 106 $60,360,000 $569,434 $1,709 3.11%
AKRON, OH (FHA|USDA|VA) 161 $59,995,000 $372,640 $2,893 2.84%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 77 $59,165,000 $768,377 $1,985 2.89%
ANN ARBOR, MI (FHA|USDA|VA) 138 $55,480,000 $402,029 $2,647 2.83%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 185 $52,345,000 $282,946 $2,636 3.01%
PORT ST. LUCIE, FL (FHA|USDA|VA) 147 $44,745,000 $304,388 $2,870 3.07%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 159 $41,885,000 $263,428 $3,643 3.15%
PUNTA GORDA, FL (FHA|USDA|VA) 101 $29,405,000 $291,139 $2,945 3.04%
WILMINGTON, NC (FHA|USDA|VA) 80 $22,580,000 $282,250 $863 3.04%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 45 $22,375,000 $497,222 $3,964 2.78%
OCALA, FL (FHA|USDA|VA) 105 $22,035,000 $209,857 $2,485 3.01%
SANTA FE, NM (FHA|USDA|VA) 49 $17,495,000 $357,041 $2,366 2.91%
Outside of Metro Areas 58 $16,840,000 $290,345 $2,325 3.02%
GAINESVILLE, GA (FHA|USDA|VA) 48 $14,840,000 $309,167 $1,476 2.88%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 53 $14,675,000 $276,887 $2,545 3.02%
SAVANNAH, GA (FHA|USDA|VA) 37 $13,045,000 $352,568 $2,286 3.09%
WORCESTER, MA-CT (FHA|USDA|VA) 47 $12,125,000 $257,979 $1,745 2.95%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 25 $8,805,000 $352,200 $1,613 3.11%
SALISBURY, MD-DE (FHA|USDA|VA) 14 $4,550,000 $325,000 $2,233 3.08%
SHERMAN-DENISON, TX (FHA|USDA|VA) 9 $2,245,000 $249,444 $2,711 2.86%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 11 $2,145,000 $195,000 $2,109 2.92%
Marion, OH (FHA|USDA|VA) 1 $465,000 $465,000 $14,268 3.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $425,000 $425,000 $263 2.38%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $365,000 $365,000 $2,101 2.75%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $245,000 $245,000 $2,014 2.50%
COLUMBIA, SC (FHA|USDA|VA) 1 $195,000 $195,000 $634 3.25%

Pulte Mortgage 's top markets include Phoenix, Dallas, Las Vegas, Orlando, and Austin among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 16,825 $5,982,405,000 $355,566 $1,620 3.00%
FHA 2,233 $660,085,000 $295,605 $6,250 3.12%
VA 1,974 $755,630,000 $382,791 $5,711 2.83%
USDA 132 $33,930,000 $257,045 $3,681 3.00%

For the 2021 period, Pulte Mortgage 's most frequently originated loan type of loans were Conventional, with 16,825 originations. Their 2nd most popular type is FHA, with 2,233 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 21,086 $7,409,170,000 $351,379 $2,507 3.00%
Refi 50 $15,390,000 $307,800 $1,374 2.94%
Cash Out Refi 28 $7,490,000 $267,500 $1,848 3.08%

For the 2021, Pulte Mortgage 's most frequently cited loan purpose of loans were Home Purchase, with 21,086 originations. The 2nd most popular reason of loans were Refi, with 50 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 19,599 $7,020,325,000 $358,198 $2,585 3.05%
15 Year 1,333 $372,575,000 $279,501 $1,534 2.48%
20 Year 95 $30,555,000 $321,632 $2,059 2.90%
3 Year 92 $600,000 $6,522 $0 0.00%
10 Year 36 $5,910,000 $164,167 $895 2.55%
Other 9 $2,085,000 $231,667 $3,149 2.03%

For the 2021, Pulte Mortgage 's most frequently cited loan length of loans were 30 Year, with 19,599 originations. The 2nd most popular length of loans were 15 Year, with 1,333 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 18,411 $6,418,145,000 $348,604
$1k-2k 1,190 $421,340,000 $354,067
$2k-3k 624 $222,750,000 $356,971
$3k-4k 553 $202,915,000 $366,935
$5k+ 378 $166,830,000 $441,349

$2,585 of loans were Pulte Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 18,411 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 10,394 $3,775,480,000 $363,236
3-4% 8,939 $3,058,435,000 $342,145
<2.5% 1,813 $589,025,000 $324,890
4-5% 18 $9,110,000 $506,111

During 2021, Pulte Mortgage 's average interest rate of loans were 3.05%, while their most frequently originated rate bucket of loans were 2.5-3%, with 10,394 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 12,619 $3,779,515,000 $299,510 $2,648 3.05%
$400k-600k 5,340 $2,543,220,000 $476,258 $2,552 2.96%
$100k-200k 1,634 $255,770,000 $156,530 $1,312 2.97%
$600k-1MM 1,088 $781,460,000 $718,254 $3,212 2.99%
$100,000 or less 439 $22,855,000 $52,062 $504 2.07%
$1MM+ 44 $49,230,000 $1,118,864 $1,396 2.98%

2021 saw Pulte Mortgage place emphasis on $200k-400k loans with 12,619 originations, totaling $3,779,515,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 6,566 $2,433,900,000 $370,682 $2,455 3.00%
$75k-100k 4,391 $1,369,475,000 $311,882 $2,718 3.02%
$150k-250k 4,233 $1,833,635,000 $433,176 $2,317 3.00%
$50k-75k 3,757 $972,965,000 $258,974 $2,712 2.97%
$250k+ 1,335 $637,925,000 $477,846 $2,599 2.99%
$50k or less 861 $175,605,000 $203,955 $1,641 2.96%

Pulte Mortgage lent most frequently to those with incomes in the $100k-150k range, with 6,566 originations. The second most popular income band? $75k-100k, with 4,391 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 4,247 $1,481,525,000 $348,840 $1,863 2.93%
30-36% 3,897 $1,404,715,000 $360,461 $2,199 2.99%
<20% 1,330 $418,620,000 $314,752 $1,698 2.89%
50-60% 1,268 $416,450,000 $328,431 $6,016 2.99%
44% 853 $297,625,000 $348,916 $2,535 3.06%
49% 821 $277,835,000 $338,410 $2,672 3.04%
42% 816 $297,240,000 $364,265 $2,569 3.05%
40% 802 $297,750,000 $371,259 $2,338 3.05%
43% 782 $277,400,000 $354,731 $2,439 3.06%
39% 763 $280,315,000 $367,385 $2,519 3.04%
41% 754 $277,020,000 $367,401 $2,321 3.04%
38% 707 $265,635,000 $375,721 $2,441 3.02%
36% 701 $253,665,000 $361,862 $2,046 3.03%
37% 680 $248,900,000 $366,029 $2,348 3.03%
45% 673 $224,485,000 $333,559 $2,732 3.04%
48% 661 $230,605,000 $348,873 $2,677 3.03%
47% 657 $223,845,000 $340,708 $2,722 3.03%
46% 628 $211,940,000 $337,484 $2,828 3.01%
>60% 124 $46,480,000 $374,839 $6,175 2.88%

Pulte Mortgage lent most frequently to those with DTI ratios of 20-30%, with 4,247 originations. The next most common DTI ratio? 30-36%, with 3,897 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 12,834 $4,248,240,000 $331,014 $2,479 3.01%
Asian 3,750 $1,563,790,000 $417,011 $1,863 2.94%
Black 2,127 $763,565,000 $358,987 $3,668 3.02%
Not provided 1,725 $585,205,000 $339,249 $2,858 3.01%
Asian Indian 348 $135,260,000 $388,678 $1,339 2.88%
American Indian 152 $49,460,000 $325,395 $2,845 3.01%
Filipino 42 $16,730,000 $398,333 $2,645 3.01%
Chinese 41 $15,985,000 $389,878 $1,927 3.04%
Native Hawaiian 41 $15,985,000 $389,878 $3,787 3.10%
Other Asian 44 $15,810,000 $359,318 $1,632 2.85%
Vietnamese 26 $9,360,000 $360,000 $2,091 3.01%
Korean 22 $8,310,000 $377,727 $2,252 2.83%
Other Pacific Islander 7 $2,305,000 $329,286 $2,889 3.14%
Japanese 3 $1,105,000 $368,333 $2,564 2.75%
Native Hawiian 1 $575,000 $575,000 $0 3.25%
Samoan 1 $365,000 $365,000 $0 3.25%

Approval Rates

Total approvals of all applications
91.69%

Pulte Mortgage has an average approval rate.

Pick Rate

Approvals leading to origination
79.35%

Pulte Mortgage has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 21,164 $7,432,050,000 $351,165

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
21,164 $7,432,050,000 $351,165

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 1,041 $161,045,000 $154,702 $1,168 2.88%
40-60% 1,632 $440,520,000 $269,926 $1,541 2.91%
60-80% 5,571 $2,074,825,000 $372,433 $1,885 3.02%
80-100% 12,025 $4,531,445,000 $376,835 $2,668 3.05%
Over 100% 534 $205,690,000 $385,187 $12,117 2.87%
Under 20% 361 $18,525,000 $51,316 $474 1.88%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
PLATINUM HOME MORTGAGE CORPORATION Conventional home mortgage Trouble during payment process 4 80.0%
PLATINUM HOME MORTGAGE CORPORATION FHA mortgage Trouble during payment process 1 20.0%