Pulte Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 5493004WMLN60ZJ2ON46

Tax ID: 42-1554181

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, Las Vegas, Austin, Orlando, and San Antonio among others. They have an above average approval rate for mortages when compared nationally -- and 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

18,387

Origination Dollar Volume (All Markets)

$6,069,715,000

Relative Rate

Pulte Mortgage 's average 30 year fixed rate mortgage was 3.25%.

The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.

This yields a difference of -0.11%.

Relative Fees

Pulte Mortgage 's average total fees for a 30 year fixed rate mortgage are $2,526.

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 $5,021.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 14,246 $4,780,810,000 $335,590 $1,523 3.22%
FHA 2,058 $569,540,000 $276,744 $5,651 3.27%
VA 1,928 $682,970,000 $354,238 $5,718 3.06%
USDA 155 $36,395,000 $234,806 $3,275 3.15%

For the 2020 period, Pulte Mortgage 's most frequently originated loan type was Conventional, with 14,246 originations. Their 2nd most popular type is FHA, with 2,058 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 18,241 $6,027,345,000 $330,428 $2,451 3.21%
Refi 111 $31,715,000 $285,721 $903 3.07%
Cash Out Refi 35 $10,655,000 $304,429 $1,692 3.37%

For the 2020, Pulte Mortgage 's most frequently cited loan purpose was Home Purchase, with 18,241 originations. The 2nd most popular reason was Refi, with 111 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 17,005 $5,720,695,000 $336,413 $2,526 3.25%
15 Year 1,071 $285,725,000 $266,783 $1,446 2.83%
20 Year 172 $51,150,000 $297,384 $1,600 3.10%
3 Year 74 $400,000 $5,405 $4 0.08%
10 Year 48 $7,920,000 $165,000 $1,325 2.71%
Other 16 $3,820,000 $238,750 $777 2.48%
5 Year 1 $5,000 $5,000 $0 0.00%

For the 2020, Pulte Mortgage 's most frequently cited loan length was 30 Year, with 17,005 originations. The 2nd most popular length was 15 Year, with 1,071 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 15,894 $5,212,390,000 $327,947
$1k-2k 1,242 $413,540,000 $332,963
$2k-3k 533 $176,795,000 $331,698
$3k-4k 454 $158,630,000 $349,405
$5k+ 254 $108,310,000 $426,417

$2,526 was Pulte Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 15,894 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
PHOENIX-MESA-CHANDLER, AZ 1,163 $379,745,000 $326,522 $1,746 3.26%
LAS VEGAS-HENDERSON-PARADISE, NV 784 $308,030,000 $392,895 $2,699 3.25%
AUSTIN-ROUND ROCK-GEORGETOWN, TX 1,044 $283,630,000 $271,676 $2,902 3.21%
ORLANDO-KISSIMMEE-SANFORD, FL 750 $245,940,000 $327,920 $3,138 3.28%
SAN ANTONIO-NEW BRAUNFELS, TX 917 $229,575,000 $250,354 $3,436 3.14%
DALLAS-PLANO-IRVING, TX 798 $210,870,000 $264,248 $3,111 3.20%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 913 $200,005,000 $219,064 $2,828 3.13%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 616 $195,300,000 $317,045 $2,286 3.21%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 438 $188,120,000 $429,498 $2,462 3.14%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 662 $187,340,000 $282,991 $2,705 3.29%
INDIANAPOLIS-CARMEL-ANDERSON, IN 613 $183,995,000 $300,155 $1,832 3.26%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 501 $181,255,000 $361,786 $1,660 3.20%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 245 $171,485,000 $699,939 $550 3.20%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 424 $159,610,000 $376,439 $1,465 3.14%
SEATTLE-BELLEVUE-KENT, WA 293 $156,055,000 $532,611 $1,530 2.94%
CHARLESTON-NORTH CHARLESTON, SC 468 $153,950,000 $328,953 $2,021 3.30%
COLUMBUS, OH 503 $153,455,000 $305,080 $2,602 3.17%
CAPE CORAL-FORT MYERS, FL 476 $153,100,000 $321,639 $2,584 3.29%
RALEIGH-CARY, NC 441 $140,485,000 $318,560 $1,156 3.12%
NORTH PORT-SARASOTA-BRADENTON, FL 439 $136,905,000 $311,856 $2,739 3.25%
OAKLAND-BERKELEY-LIVERMORE, CA 187 $118,895,000 $635,802 $2,345 3.17%
CHICAGO-NAPERVILLE-EVANSTON, IL 303 $118,355,000 $390,611 $3,361 3.17%
WARREN-TROY-FARMINGTON HILLS, MI 307 $116,275,000 $378,746 $2,089 3.14%
ALBUQUERQUE, NM 316 $96,750,000 $306,171 $2,110 3.18%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 254 $85,860,000 $338,031 $2,129 3.19%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 206 $84,490,000 $410,146 $3,357 3.16%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 192 $83,860,000 $436,771 $3,022 3.13%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 196 $72,730,000 $371,071 $2,210 3.37%
FORT WORTH-ARLINGTON-GRAPEVINE, TX 261 $70,905,000 $271,667 $3,465 3.13%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 275 $70,825,000 $257,545 $1,652 3.30%
HILTON HEAD ISLAND-BLUFFTON, SC 237 $70,825,000 $298,840 $2,244 3.35%
JACKSONVILLE, FL 285 $70,745,000 $248,228 $2,718 3.30%
DURHAM-CHAPEL HILL, NC 251 $66,215,000 $263,805 $1,228 3.18%
NAPLES-MARCO ISLAND, FL 182 $65,160,000 $358,022 $2,530 3.29%
BALTIMORE-COLUMBIA-TOWSON, MD 146 $61,250,000 $419,521 $4,782 3.11%
TUCSON, AZ 173 $57,735,000 $333,728 $1,780 3.18%
NEWARK, NJ-PA 117 $51,045,000 $436,282 $2,358 3.09%
LOS ANGELES-LONG BEACH-GLENDALE, CA 65 $50,985,000 $784,385 $2,066 3.16%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 104 $47,200,000 $453,846 $2,332 3.02%
CLEVELAND-ELYRIA, OH 125 $43,735,000 $349,880 $2,476 3.08%
PORT ST. LUCIE, FL 154 $43,440,000 $282,078 $2,502 3.22%
AKRON, OH 113 $43,125,000 $381,637 $2,816 3.14%
LOUISVILLE/JEFFERSON COUNTY, KY-IN 163 $42,255,000 $259,233 $2,177 3.23%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 108 $41,530,000 $384,537 $2,229 3.31%
LAKELAND-WINTER HAVEN, FL 184 $40,760,000 $221,522 $3,067 3.37%
SANTA FE, NM 76 $31,220,000 $410,789 $2,994 3.11%
ANN ARBOR, MI 77 $28,455,000 $369,545 $2,541 3.02%
DETROIT-DEARBORN-LIVONIA, MI 84 $28,070,000 $334,167 $3,310 3.21%
GAINESVILLE, GA 89 $24,235,000 $272,303 $1,901 3.20%
ANAHEIM-SANTA ANA-IRVINE, CA 43 $24,105,000 $560,581 $1,314 3.15%
OCALA, FL 81 $17,485,000 $215,864 $2,350 3.30%
PUNTA GORDA, FL 62 $17,370,000 $280,161 $2,299 3.33%
WILMINGTON, NC 52 $14,450,000 $277,885 $591 3.37%
DENVER-AURORA-LAKEWOOD, CO 43 $14,295,000 $332,442 $1,168 3.13%
NEW BRUNSWICK-LAKEWOOD, NJ 34 $13,940,000 $410,000 $1,551 2.94%
WORCESTER, MA-CT 53 $13,675,000 $258,019 $1,437 3.08%
LAKE COUNTY-KENOSHA COUNTY, IL-WI 27 $13,645,000 $505,370 $4,671 3.31%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 22 $12,270,000 $557,727 $2,762 3.07%
SEBASTIAN-VERO BEACH, FL 47 $11,855,000 $252,234 $2,452 3.27%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 22 $10,740,000 $488,182 $1,844 2.98%
TACOMA-LAKEWOOD, WA 18 $9,480,000 $526,667 $3,353 2.95%
Outside of Metro Areas 38 $9,300,000 $244,737 $1,833 3.30%
BOSTON, MA 27 $9,085,000 $336,481 $1,722 3.29%
SALISBURY, MD-DE 24 $8,480,000 $353,333 $2,358 3.32%
STOCKTON, CA 15 $7,775,000 $518,333 $1,196 3.27%
SAVANNAH, GA 22 $7,310,000 $332,273 $2,208 3.28%
ELGIN, IL 22 $4,650,000 $211,364 $2,842 3.20%
NEW HAVEN-MILFORD, CT 14 $3,330,000 $237,857 $1,706 3.10%
GAINESVILLE, FL 1 $315,000 $315,000 $2,443 3.25%
SHERMAN-DENISON, TX 1 $195,000 $195,000 $3,951 3.00%
COLLEGE STATION-BRYAN, TX 1 $185,000 $185,000 $3,489 3.50%

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

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 10,300 $3,387,210,000 $328,855
2.5-3% 6,523 $2,185,255,000 $335,008
<2.5% 1,005 $315,935,000 $314,363
4-5% 553 $179,085,000 $323,843
5-6% 6 $2,230,000 $371,667

During 2020, Pulte Mortgage 's average interest rate was 3.25%, while their most frequently originated rate bucket was 3-4%, with 10,300 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 11,280 $3,302,180,000 $292,746 $2,599 3.25%
$400k-600k 3,843 $1,806,105,000 $469,973 $2,656 3.15%
$100k-200k 1,935 $315,015,000 $162,798 $1,559 3.26%
$600k-1MM 835 $597,535,000 $715,611 $2,398 3.26%
$100,000 or less 472 $24,120,000 $51,102 $585 2.29%
$1MM+ 22 $24,760,000 $1,125,455 $1,593 3.53%

2020 saw Pulte Mortgage place emphasis on $200k-400k loans with 11,280 originations, totaling $3,302,180,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 5,603 $1,952,375,000 $348,452 $2,452 3.22%
$75k-100k 3,763 $1,102,835,000 $293,073 $2,658 3.21%
$50k-75k 3,582 $865,860,000 $241,725 $2,545 3.16%
$150k-250k 3,533 $1,478,895,000 $418,595 $2,325 3.22%
$250k+ 1,060 $504,430,000 $475,877 $2,137 3.24%
$50k or less 813 $154,365,000 $189,871 $1,827 3.19%

Pulte Mortgage lent most frequently to those with incomes in the $100k-150k range, with 5,603 originations. The second most popular income band? $75k-100k, with 3,763 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 3,544 $1,178,840,000 $332,630 $1,850 3.14%
30-36% 3,231 $1,078,125,000 $333,682 $2,061 3.18%
50-60% 1,275 $391,395,000 $306,976 $5,717 3.19%
<20% 1,036 $303,510,000 $292,963 $1,553 3.10%
44% 801 $275,605,000 $344,076 $2,479 3.30%
49% 763 $242,385,000 $317,674 $2,501 3.28%
41% 745 $262,355,000 $352,154 $2,169 3.27%
43% 698 $226,650,000 $324,713 $2,558 3.27%
42% 686 $233,640,000 $340,583 $2,165 3.28%
40% 685 $232,465,000 $339,365 $2,465 3.28%
45% 641 $201,775,000 $314,782 $2,583 3.27%
38% 628 $220,530,000 $351,162 $2,351 3.25%
39% 622 $217,530,000 $349,727 $2,289 3.25%
36% 600 $200,660,000 $334,433 $2,228 3.20%
37% 595 $205,305,000 $345,050 $2,199 3.22%
47% 593 $193,735,000 $326,703 $2,726 3.26%
48% 562 $179,250,000 $318,950 $2,717 3.26%
46% 561 $178,745,000 $318,619 $2,385 3.26%
>60% 121 $47,215,000 $390,207 $5,020 3.07%

Pulte Mortgage lent most frequently to those with DTI ratios of 20-30%, with 3,544 originations. The next most common DTI ratio? 30-36%, with 3,231 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 11,954 $3,714,330,000 $310,719 $2,402 3.23%
Asian 2,839 $1,165,715,000 $410,608 $1,846 3.14%
Black 1,685 $552,715,000 $328,021 $3,463 3.22%
Not provided 1,469 $482,395,000 $328,383 $2,792 3.19%
Asian Indian 158 $60,890,000 $385,380 $1,419 3.07%
American Indian 136 $42,450,000 $312,132 $2,920 3.18%
Native Hawaiian 45 $14,385,000 $319,667 $3,565 3.06%
Chinese 29 $11,295,000 $389,483 $1,467 3.25%
Filipino 24 $8,340,000 $347,500 $2,686 3.15%
Other Asian 21 $7,255,000 $345,476 $1,486 3.18%
Vietnamese 8 $3,520,000 $440,000 $2,178 3.23%
Other Pacific Islander 9 $3,125,000 $347,222 $2,150 3.10%
Korean 7 $2,265,000 $323,571 $2,244 3.12%
Japanese 2 $770,000 $385,000 $294 3.00%
Native Hawiian 1 $265,000 $265,000 $238 3.75%

Approval Rates

Total approvals of all applications
91.15%

Pulte Mortgage has an average approval rate.

Pick Rate

Approvals leading to origination
76.74%

Pulte Mortgage has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 18,387 $6,069,715,000 $330,109

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Site-Built 18,387 $6,069,715,000 $330,109

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 809 $118,295,000 $146,224 $1,029 3.12%
40-60% 1,361 $333,125,000 $244,765 $1,389 3.13%
60-80% 4,489 $1,582,965,000 $352,632 $1,718 3.23%
80-100% 10,819 $3,807,865,000 $351,961 $2,550 3.26%
Over 100% 596 $214,940,000 $360,638 $11,210 3.09%
Under 20% 313 $12,525,000 $40,016 $456 1.82%