Pike Creek Mortgage Services Rates, Fees & Info

WILMINGTON, DE

LEI: 549300XED7IBK9VVQH70

Tax ID: 51-0370645

1.9 stars - out of 5 stars, based on 55 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Pike Creek Mortgage Services is a smaller mortgage company specializing in Home Purchase and Refi loans. Pike Creek Mortgage Services 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 by origination volume include: Philadelphia, Dover, Salisbury, Washington, and New York among others. We have data for 90 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Pike Creek Mortgage Services has an above average approval rate when compared to the average across all lenders. Pike Creek Mortgage Services is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.73% 10/3/22
    30 Year Conventional Refi 6.74% 10/3/22
    30 Year Cash-out Refi 6.73% 10/3/22
    30 Year FHA Purchase 7.67% 10/3/22
    30 Year FHA Refi 7.77% 10/3/22
    30 Year VA Purchase 6.75% 10/3/22
    30 Year VA Refi 6.61% 10/3/22
    30 Year USDA Purchase 6.91% 10/3/22
    30 Year USDA Refi 6.73% 10/3/22
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    2,978

    Origination Dollar Volume (All Markets)

    $812,640,000
    Show all (11) awards

    Relative Rate

    Pike Creek Mortgage Services 's average 30 year fixed mortgage rate was 4.11%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.96%.

    Relative Fees (Closing Costs)

    Pike Creek Mortgage Services 's average total fees/closing costs for a 30 year fixed rate mortgage were $4,970.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    Top 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
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1,988 $538,280,000 $270,765 $5,047 4.12%
    DOVER, DE (FHA|USDA|VA) 334 $90,190,000 $270,030 $4,752 4.09%
    SALISBURY, MD-DE (FHA|USDA|VA) 193 $54,615,000 $282,979 $4,582 4.06%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 66 $18,220,000 $276,061 $5,534 4.12%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 54 $14,620,000 $270,741 $4,641 4.20%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 30 $8,430,000 $281,000 $5,147 3.97%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 20 $5,700,000 $285,000 $4,264 4.13%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 18 $4,890,000 $271,667 $5,068 4.18%
    RALEIGH-CARY, NC (FHA|USDA|VA) 15 $4,035,000 $269,000 $4,806 4.12%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 12 $3,870,000 $322,500 $3,784 3.81%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 14 $3,490,000 $249,286 $5,313 3.83%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 11 $3,365,000 $305,909 $5,387 4.19%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 14 $3,250,000 $232,143 $3,767 4.34%
    OCEAN CITY, NJ (FHA|USDA|VA) 9 $2,775,000 $308,333 $5,120 4.36%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 9 $2,705,000 $300,556 $4,918 4.20%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 8 $2,400,000 $300,000 $5,774 4.06%
    Outside of Metro Areas 9 $2,325,000 $258,333 $6,518 4.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 8 $2,300,000 $287,500 $6,143 4.04%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 9 $2,295,000 $255,000 $8,669 4.30%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 6 $2,060,000 $343,333 $4,577 4.21%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 7 $1,885,000 $269,286 $3,521 4.33%
    JACKSONVILLE, FL (FHA|USDA|VA) 5 $1,655,000 $331,000 $3,956 3.83%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 5 $1,645,000 $329,000 $4,473 3.56%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 4 $1,500,000 $375,000 $4,121 3.75%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 5 $1,455,000 $291,000 $4,803 3.97%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 5 $1,395,000 $279,000 $3,746 4.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 5 $1,245,000 $249,000 $5,221 4.43%
    LANCASTER, PA (FHA|USDA|VA) 5 $1,175,000 $235,000 $3,799 4.25%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 4 $1,160,000 $290,000 $4,250 3.96%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 5 $1,135,000 $227,000 $5,703 4.13%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 3 $1,125,000 $375,000 $3,060 3.19%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $1,115,000 $371,667 $5,833 4.19%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 4 $1,000,000 $250,000 $4,855 3.71%
    GREELEY, CO (FHA|USDA|VA) 3 $975,000 $325,000 $8,009 4.19%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 4 $950,000 $237,500 $5,619 3.96%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 4 $900,000 $225,000 $3,311 4.58%
    ASHEVILLE, NC (FHA|USDA|VA) 3 $885,000 $295,000 $3,029 4.06%
    READING, PA (FHA|USDA|VA) 4 $880,000 $220,000 $7,764 4.44%
    COLUMBIA, SC (FHA|USDA|VA) 3 $875,000 $291,667 $13,945 4.13%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 3 $835,000 $278,333 $3,309 4.50%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 3 $815,000 $271,667 $6,435 4.75%
    BOULDER, CO (FHA|USDA|VA) 2 $810,000 $405,000 $1,263 3.00%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $730,000 $365,000 $3,607 4.13%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $705,000 $235,000 $3,932 4.56%
    RICHMOND, VA (FHA|USDA|VA) 3 $645,000 $215,000 $6,700 4.50%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $640,000 $320,000 $5,840 3.88%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $630,000 $315,000 $3,500 3.44%
    STOCKTON, CA (FHA|USDA|VA) 2 $610,000 $305,000 $3,639 3.88%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $580,000 $290,000 $3,654 4.00%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $540,000 $270,000 $2,805 3.88%
    PUNTA GORDA, FL (FHA|USDA|VA) 2 $520,000 $260,000 $7,074 3.88%
    Durango, CO (FHA|USDA|VA) 1 $485,000 $485,000 $0 4.50%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $485,000 $485,000 $4,971 4.63%
    Fort Morgan, CO (FHA|USDA|VA) 1 $485,000 $485,000 $0 0.00%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $465,000 $465,000 $0 0.00%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $460,000 $230,000 $3,262 3.25%
    OCALA, FL (FHA|USDA|VA) 1 $455,000 $455,000 $3,475 4.75%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
    WACO, TX (FHA|USDA|VA) 1 $445,000 $445,000 $3,341 3.38%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $425,000 $425,000 $0 0.00%
    Key West, FL (FHA|USDA|VA) 1 $415,000 $415,000 $7,765 4.00%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $390,000 $195,000 $4,745 4.63%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $385,000 $385,000 $1,242 3.50%
    Huntsville, TX (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
    PUEBLO, CO (FHA|USDA|VA) 1 $375,000 $375,000 $3,303 3.88%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $335,000 $335,000 $3,161 3.88%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $305,000 $305,000 $2,616 3.88%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $305,000 $305,000 $1,968 4.50%
    Glenwood Springs, CO (FHA|USDA|VA) 2 $300,000 $150,000 $3,226 4.25%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $285,000 $285,000 $2,858 3.63%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
    Kill Devil Hills, NC (FHA|USDA|VA) 1 $265,000 $265,000 $3,725 3.75%
    NEW BERN, NC (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
    Easton, MD (FHA|USDA|VA) 1 $245,000 $245,000 $8,502 3.50%
    LONGVIEW, TX (FHA|USDA|VA) 1 $245,000 $245,000 $3,882 4.75%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $235,000 $235,000 $6,851 3.63%
    Bluefield, WV-VA (FHA|USDA|VA) 1 $235,000 $235,000 $6,384 4.13%
    MODESTO, CA (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $235,000 $235,000 $8,738 3.50%
    WINCHESTER, VA-WV (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    WILMINGTON, NC (FHA|USDA|VA) 1 $215,000 $215,000 $3,689 3.88%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $195,000 $195,000 $7,250 4.38%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $185,000 $185,000 $2,749 3.50%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $155,000 $155,000 $3,579 4.50%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $135,000 $135,000 $3,583 3.88%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $135,000 $135,000 $3,337 5.38%
    VALLEJO, CA (FHA|USDA|VA) 1 $125,000 $125,000 $4,581 5.25%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $75,000 $75,000 $3,463 4.88%

    Pike Creek Mortgage Services 's top markets include Philadelphia, Dover, Salisbury, Washington, and New York among others.

    Similar Lenders

    We use machine learning to identify the top lenders compared against PIKE CREEK MORTGAGE SERVICES based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    N C P D Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,399 $655,325,000 $273,166 $4,922 4.11%
    FHA 467 $125,565,000 $268,876 $5,270 4.17%
    VA 80 $21,840,000 $273,000 $5,043 3.98%
    USDA 32 $9,910,000 $309,688 $4,096 3.76%

    For 2021, Pike Creek Mortgage Services 's most frequently originated type of loan was Conventional, with 2,399 originations. Their 2nd most popular type was FHA, with 467 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,847 $476,735,000 $258,113 $5,585 4.31%
    Refi 996 $299,560,000 $300,763 $3,857 3.74%
    Cash Out Refi 130 $35,200,000 $270,769 $4,208 4.13%
    NA 5 $1,145,000 $229,000 $0 0.00%

    For 2021, Pike Creek Mortgage Services 's most frequently cited loan purpose was Home Purchase, with 1,847 originations. The 2nd most popular reason was Refi, with 996 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,978 $812,640,000 $272,881 $4,970 4.11%

    For 2021, Pike Creek Mortgage Services 's most frequently cited loan duration was 30 Year, with 2,978 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,495 $372,425,000 $249,114
    $<1k 198 $62,430,000 $315,303
    $2k-3k 179 $42,425,000 $237,011
    $3k-4k 59 $14,655,000 $248,390
    $5k+ 58 $19,800,000 $341,379
    $4k-5k 54 $15,110,000 $279,815

    Pike Creek Mortgage Services 's average total fees were $4,970, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,495 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,167 $339,845,000 $291,213
    4-5% 812 $196,830,000 $242,401
    5-6% 173 $32,735,000 $189,220
    2.5-3% 57 $21,885,000 $383,947
    6-7% 4 $660,000 $165,000
    Over 8% 4 $1,140,000 $285,000

    During 2021, Pike Creek Mortgage Services 's average interest rate for loans was 4.11%, while their most frequently originated rate bucket for loans was 3-4%, with 1,167 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,718 $489,790,000 $285,093 $5,344 4.04%
    $100k-200k 752 $119,450,000 $158,843 $4,512 4.40%
    $400k-600k 399 $180,155,000 $451,516 $4,484 3.71%
    $100,000 or less 84 $6,380,000 $75,952 $3,531 4.66%
    $600k-1MM 25 $16,865,000 $674,600 $6,149 3.90%

    2021 saw Pike Creek Mortgage Services place emphasis on $200k-400k loans with 1,718 originations, totaling $489,790,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 717 $192,465,000 $268,431 $5,189 4.13%
    $100k-150k 639 $174,495,000 $273,075 $4,936 4.11%
    $75k-100k 565 $155,445,000 $275,124 $4,924 4.12%
    $150k-250k 461 $125,845,000 $272,983 $5,059 4.13%
    $50k or less 431 $117,935,000 $273,631 $4,806 4.12%
    $250k+ 165 $46,455,000 $281,545 $4,483 3.96%

    Pike Creek Mortgage Services lent most frequently to those with incomes in the $50k-75k range, with 717 originations. The second most popular income band? $100k-150k, with 639 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 553 $150,425,000 $272,016 $4,967 4.13%
    30-36% 477 $129,155,000 $270,765 $4,962 4.15%
    <20% 237 $65,345,000 $275,717 $5,035 4.05%
    50-60% 135 $35,665,000 $264,185 $5,172 4.08%
    44% 109 $30,345,000 $278,394 $4,745 4.16%
    40% 99 $27,865,000 $281,465 $4,924 4.14%
    36% 95 $23,655,000 $249,000 $5,529 4.19%
    43% 87 $22,945,000 $263,736 $4,861 4.23%
    38% 87 $23,215,000 $266,839 $4,547 4.12%
    41% 83 $21,655,000 $260,904 $5,087 4.03%
    37% 78 $20,420,000 $261,795 $5,284 4.30%
    39% 77 $19,435,000 $252,403 $5,663 4.15%
    42% 69 $19,955,000 $289,203 $4,789 3.93%
    49% 65 $19,615,000 $301,769 $4,570 4.02%
    47% 59 $16,005,000 $271,271 $4,679 3.96%
    45% 59 $17,535,000 $297,203 $4,495 3.91%
    46% 53 $15,015,000 $283,302 $4,624 3.98%
    48% 48 $13,690,000 $285,208 $4,830 4.00%
    >60% 8 $1,980,000 $247,500 $4,310 4.17%

    Pike Creek Mortgage Services lent most frequently to those with DTI ratios of 20-30%, with 553 originations. The next most common DTI ratio? 30-36%, with 477 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,978 $812,640,000 $272,881 $4,970 4.11%

    Approval Rates

    Total approvals of all applications
    100.00%

    Pike Creek Mortgage Services has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,978 $812,640,000 $272,881

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,978 $812,640,000 $272,881

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 41 $7,015,000 $171,098 $3,218 3.83%
    40-60% 140 $36,620,000 $261,571 $3,441 3.84%
    60-80% 655 $190,765,000 $291,244 $3,724 3.98%
    80-100% 1,429 $368,085,000 $257,582 $5,570 4.21%
    Over 100% 78 $22,510,000 $288,590 $10,270 3.94%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    PIKE CREEK MORTGAGE SERVICES Conventional home mortgage Trouble during payment process 2 66.7%
    PIKE CREEK MORTGAGE SERVICES VA mortgage Trouble during payment process 1 33.3%