Pilgrim Bank Mortgage Rates, Fees & Info
Mt. Pleasant, TXLEI: 549300GMJ6RM02VXK542
Tax ID: 75-0270610
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Pilgrim Bank is a smaller bank specializing in Home Purchase loans. Pilgrim Bank has a high proportion of conventional loans. Their top markets by origination volume include: Mount Pleasant, Dallas, Wichita Falls, Houston, and San Antonio among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Pilgrim Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
110Origination Dollar Volume (All Markets)
$25,020,000Top 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 |
|---|---|---|---|---|---|
| Mount Pleasant, TX (FHA|USDA|VA) | 46 | $8,000,000 | $173,913 | $0 | 0.00% |
| Outside of Metro Areas | 31 | $6,845,000 | $220,806 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 10 | $3,660,000 | $366,000 | $0 | 0.00% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 11 | $1,965,000 | $178,636 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 6 | $1,830,000 | $305,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $1,275,000 | $1,275,000 | $0 | 0.00% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| Sulphur Springs, TX (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 0.00% |
| TYLER, TX (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 110 | $25,020,000 | $227,455 | $0 | 0.00% |
For 2023, Pilgrim Bank's most frequently originated type of loan was Conventional, with 110 originations.
Loan Reason
For 2023, Pilgrim Bank's most frequently cited loan purpose was Home Purchase, with 70 originations. The 2nd most popular reason was Refi, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 110 | $25,020,000 | $227,455 | $0 | 0.00% |
For 2023, Pilgrim Bank's most frequently cited loan duration was Other, with 110 originations.
Loan Sizing
2023 saw Pilgrim Bank place emphasis on $100k-200k loans with 40 originations, totaling $5,660,000 in origination value.
Applicant Income
Pilgrim Bank lent most frequently to those with incomes in the $100k-150k range, with 24 originations. The second most popular income band? $50k-75k, with 21 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 110 | $25,020,000 | $227,455 | $0 | 0.00% |
Pilgrim Bank lent most frequently to those with DTI ratios of Exempt%, with 110 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.80%
Pilgrim Bank has an average approval rate.
Pick Rate
Approvals leading to origination90.00%
Pilgrim Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 110 | $25,020,000 | $227,455 |