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, 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 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% | 12/16/24 |
| 30 Year Conventional Refi | 6.79% | 12/16/24 |
| 30 Year Cash-out Refi | 6.80% | 12/16/24 |
| 30 Year FHA Purchase | 7.75% | 12/16/24 |
| 30 Year FHA Refi | 7.02% | 12/16/24 |
| 30 Year VA Purchase | 6.53% | 12/16/24 |
| 30 Year VA Refi | 6.43% | 12/16/24 |
| 30 Year USDA Purchase | 7.23% | 12/16/24 |
| 15 Year Conventional Purchase | 6.16% | 12/16/24 |
| 15 Year Conventional Refi | 6.33% | 12/16/24 |
| 15 Year Cash-out Refi | 6.33% | 12/16/24 |
| 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
2,978Origination Dollar Volume (All Markets)
$812,640,000Awards
PIKE CREEK MORTGAGE SERVICES - 2021
PIKE CREEK MORTGAGE SERVICES is a 2021 , due to their low .
For 2021, 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) | 1,988 | $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% |
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Product Mix
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
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
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
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
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
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
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 applications100.00%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,978 | $812,640,000 | $272,881 |
LTV Distribution
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% |