Pilgrim Bank Mortgage Rates, Fees & Info
Mt. Pleasant, TXLEI: 549300GMJ6RM02VXK542
Tax ID: 75-0270610
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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, Houston, Wichita Falls, and Tyler 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 a below average pick rate when compared to similar lenders.
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Originations
85Origination Dollar Volume (All Markets)
$13,945,000Top 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) | 41 | $4,535,000 | $110,610 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 6 | $4,060,000 | $676,667 | $0 | 0.00% |
| Outside of Metro Areas | 18 | $1,720,000 | $95,556 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $1,595,000 | $531,667 | $0 | 0.00% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 10 | $980,000 | $98,000 | $0 | 0.00% |
| TYLER, TX (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Vernon, TX (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 0.00% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| Sulphur Springs, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 85 | $13,945,000 | $164,059 | $0 | 0.00% |
For 2019, Pilgrim Bank's most frequently originated type of loan was Conventional, with 85 originations.
Loan Reason
For 2019, Pilgrim Bank's most frequently cited loan purpose was Home Purchase, with 50 originations. The 2nd most popular reason was Refi, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 85 | $13,945,000 | $164,059 | $0 | 0.00% |
For 2019, Pilgrim Bank's most frequently cited loan duration was Other, with 85 originations.
Loan Sizing
2019 saw Pilgrim Bank place emphasis on $100,000 or less loans with 55 originations, totaling $2,665,000 in origination value.
Applicant Income
Pilgrim Bank lent most frequently to those with incomes in the $50k or less range, with 19 originations. The second most popular income band? $50k-75k, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 85 | $13,945,000 | $164,059 | $0 | 0.00% |
Pilgrim Bank lent most frequently to those with DTI ratios of Exempt%, with 85 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.15%
Pilgrim Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination84.71%
Pilgrim Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 85 | $13,945,000 | $164,059 |