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 and Refi loans. Pilgrim Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Mount Pleasant, Wichita Falls, Austin, and Tyler among others. We have data for 18 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
145Origination Dollar Volume (All Markets)
$44,115,000Top 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) | 18 | $13,600,000 | $755,556 | $0 | 0.00% |
| Mount Pleasant, TX (FHA|USDA|VA) | 60 | $12,710,000 | $211,833 | $0 | 0.00% |
| Outside of Metro Areas | 29 | $8,315,000 | $286,724 | $0 | 0.00% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 18 | $1,930,000 | $107,222 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $1,440,000 | $720,000 | $0 | 0.00% |
| TYLER, TX (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $0 | 0.00% |
| Sulphur Springs, TX (FHA|USDA|VA) | 4 | $710,000 | $177,500 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 0.00% |
| Paris, TX (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 0.00% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $405,000 | $405,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Vernon, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 145 | $44,115,000 | $304,241 | $0 | 0.00% |
For 2022, Pilgrim Bank's most frequently originated type of loan was Conventional, with 145 originations.
Loan Reason
For 2022, Pilgrim Bank's most frequently cited loan purpose was Home Purchase, with 98 originations. The 2nd most popular reason was Refi, with 31 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 145 | $44,115,000 | $304,241 | $0 | 0.00% |
For 2022, Pilgrim Bank's most frequently cited loan duration was Other, with 145 originations.
Loan Sizing
2022 saw Pilgrim Bank place emphasis on $100k-200k loans with 45 originations, totaling $6,545,000 in origination value.
Applicant Income
Pilgrim Bank lent most frequently to those with incomes in the $100k-150k range, with 37 originations. The second most popular income band? $75k-100k, with 24 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 145 | $44,115,000 | $304,241 | $0 | 0.00% |
Pilgrim Bank lent most frequently to those with DTI ratios of Exempt%, with 145 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.60%
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 origination87.59%
Pilgrim Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 145 | $44,115,000 | $304,241 |