Pilgrim Bank Mortgage Rates, Fees & Info
Mt. Pleasant, TXLEI: 549300GMJ6RM02VXK542
Tax ID: 75-0270610
Latest/2024 | 2023 Data | 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: Dallas, Mount Pleasant, Longview, Tyler, and Houston among others. We have data for 13 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
122Origination Dollar Volume (All Markets)
$38,770,000Top 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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 19 | $11,695,000 | $615,526 | $0 | 0.00% |
| Mount Pleasant, TX (FHA|USDA|VA) | 55 | $11,325,000 | $205,909 | $0 | 0.00% |
| Outside of Metro Areas | 25 | $6,075,000 | $243,000 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 5 | $3,595,000 | $719,000 | $0 | 0.00% |
| TYLER, TX (FHA|USDA|VA) | 2 | $2,180,000 | $1,090,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $1,140,000 | $570,000 | $0 | 0.00% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 6 | $890,000 | $148,333 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $0 | 0.00% |
| Dumas, TX (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Searcy, AR (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Sulphur Springs, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 122 | $38,770,000 | $317,787 | $0 | 0.00% |
For 2024, Pilgrim Bank's most frequently originated type of loan was Conventional, with 122 originations.
Loan Reason
For 2024, Pilgrim Bank's most frequently cited loan purpose was Home Purchase, with 72 originations. The 2nd most popular reason was Refi, with 24 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 122 | $38,770,000 | $317,787 | $0 | 0.00% |
For 2024, Pilgrim Bank's most frequently cited loan duration was Other, with 122 originations.
Loan Sizing
2024 saw Pilgrim Bank place emphasis on $200k-400k loans with 34 originations, totaling $9,700,000 in origination value.
Applicant Income
Pilgrim Bank lent most frequently to those with incomes in the $100k-150k range, with 33 originations. The second most popular income band? $150k-250k, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 122 | $38,770,000 | $317,787 | $0 | 0.00% |
Pilgrim Bank lent most frequently to those with DTI ratios of Exempt%, with 122 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.53%
Pilgrim Bank has an average approval rate.
Pick Rate
Approvals leading to origination93.44%
Pilgrim Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 122 | $38,770,000 | $317,787 |