Pike Creek Mortgage Services Rates, Fees & Info
WILMINGTON, DELEI: 549300XED7IBK9VVQH70
Tax ID: 51-0370645
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Mortgage Data
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, Washington, Salisbury, and New York among others. We have data for 57 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. They have a below average pick rate when compared to similar 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 about average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.80% | 4/21/24 |
| 30 Year Conventional Refi | 6.79% | 4/21/24 |
| 30 Year Cash-out Refi | 6.80% | 4/21/24 |
| 30 Year FHA Purchase | 7.75% | 4/21/24 |
| 30 Year FHA Refi | 7.02% | 4/21/24 |
| 30 Year VA Purchase | 6.53% | 4/21/24 |
| 30 Year VA Refi | 6.43% | 4/21/24 |
| 30 Year USDA Purchase | 7.23% | 4/21/24 |
| 15 Year Conventional Purchase | 6.16% | 4/21/24 |
| 15 Year Conventional Refi | 6.33% | 4/21/24 |
| 15 Year Cash-out Refi | 6.33% | 4/21/24 |
| 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. | ||
Pike Creek Mortgage Services Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,232Origination Dollar Volume (All Markets)
$596,700,000Awards
PIKE CREEK MORTGAGE SERVICES - 2019
PIKE CREEK MORTGAGE SERVICES is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 1,507 | $375,025,000 | $248,855 | $5,095 | 4.22% |
| DOVER, DE (FHA|USDA|VA) | 239 | $56,575,000 | $236,715 | $6,558 | 4.29% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 75 | $31,435,000 | $419,133 | $2,855 | 3.43% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 117 | $29,205,000 | $249,615 | $4,789 | 4.15% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 39 | $16,065,000 | $411,923 | $3,814 | 3.67% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 35 | $12,335,000 | $352,429 | $3,694 | 3.78% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 25 | $9,275,000 | $371,000 | $2,702 | 3.54% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 17 | $6,155,000 | $362,059 | $3,348 | 3.38% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 15 | $5,545,000 | $369,667 | $4,839 | 3.58% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 13 | $4,735,000 | $364,231 | $3,320 | 3.40% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 10 | $4,070,000 | $407,000 | $2,878 | 3.33% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 11 | $3,925,000 | $356,818 | $4,571 | 3.45% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 8 | $3,120,000 | $390,000 | $3,878 | 3.19% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 8 | $2,830,000 | $353,750 | $3,468 | 3.75% |
| Outside of Metro Areas | 12 | $2,740,000 | $228,333 | $4,941 | 4.17% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 6 | $2,270,000 | $378,333 | $4,270 | 3.63% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 7 | $2,245,000 | $320,714 | $4,689 | 3.73% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 5 | $2,055,000 | $411,000 | $3,703 | 3.33% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 6 | $1,970,000 | $328,333 | $4,041 | 3.44% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 5 | $1,835,000 | $367,000 | $2,906 | 3.40% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 5 | $1,825,000 | $365,000 | $3,642 | 3.78% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 6 | $1,760,000 | $293,333 | $4,638 | 3.71% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 5 | $1,745,000 | $349,000 | $3,344 | 3.50% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 4 | $1,450,000 | $362,500 | $3,209 | 3.84% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 4 | $1,340,000 | $335,000 | $2,574 | 3.59% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 4 | $1,210,000 | $302,500 | $2,597 | 3.50% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $1,205,000 | $401,667 | $1,945 | 3.25% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $3,551 | 3.06% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $2,852 | 3.56% |
| READING, PA (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $3,595 | 3.96% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $4,480 | 3.88% |
| Boone, NC (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $2,195 | 3.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $2,566 | 3.56% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $1,764 | 3.88% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $3,346 | 3.56% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $3,926 | 3.50% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $2,675 | 3.25% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $2,769 | 3.50% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $4,153 | 3.13% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $3,609 | 2.88% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $5,379 | 3.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $3,554 | 4.44% |
| Shelby, NC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $2,428 | 3.88% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $2,380 | 2.88% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $6,106 | 3.75% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $1,998 | 3.50% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $9,761 | 3.88% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,286 | 3.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,802 | 4.25% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,302 | 3.13% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $1,921 | 3.50% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,019 | 4.13% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,031 | 4.63% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,018 | 3.63% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $1,800 | 3.25% |
| Lewisburg, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,920 | 3.75% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,884 | 5.00% |
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Product Mix
For 2019, Pike Creek Mortgage Services's most frequently originated type of loan was Conventional, with 1,613 originations. Their 2nd most popular type was FHA, with 448 originations.
Loan Reason
For 2019, Pike Creek Mortgage Services's most frequently cited loan purpose was Home Purchase, with 1,423 originations. The 2nd most popular reason was Refi, with 744 originations.
Loan Duration/Length
For 2019, Pike Creek Mortgage Services's most frequently cited loan duration was 30 Year, with 2,007 originations. The 2nd most popular length was 15 Year, with 146 originations.
Origination Fees/Closing Costs
Pike Creek Mortgage Services's average total fees were $5,152, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,510 originations.
Interest Rates
During 2019, Pike Creek Mortgage Services's average interest rate for loans was 4.18%, while their most frequently originated rate bucket for loans was 3-4%, with 1,176 originations.
Loan Sizing
2019 saw Pike Creek Mortgage Services place emphasis on $200k-400k loans with 1,284 originations, totaling $363,960,000 in origination value.
Applicant Income
Pike Creek Mortgage Services lent most frequently to those with incomes in the $50k-75k range, with 553 originations. The second most popular income band? $100k-150k, with 499 originations.
Applicant Debt to Income Ratio
Pike Creek Mortgage Services lent most frequently to those with DTI ratios of 20-30%, with 449 originations. The next most common DTI ratio? 30-36%, with 387 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.70%
Pike Creek Mortgage Services has an average approval rate.
Pick Rate
Approvals leading to origination76.75%
Pike Creek Mortgage Services has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,232 | $596,700,000 | $267,339 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 17 | $3,235,000 | $190,294 |
| Single Family (1-4 Units):Site-Built | 2,215 | $593,465,000 | $267,930 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PIKE CREEK MORTGAGE SERVICES | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |