Pilgrim Mortgage Rates, Fees & Info
SAN ANTONIO, TXLEI: 549300Y817BTHHMVNH95
Tax ID: 30-0382471
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Mortgage Data
Review & Overview
Pilgrim Mortgage is a smaller mortgage company specializing in Home Purchase loans. Pilgrim Mortgage 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: San Antonio, College Station, Little Rock, Dallas, and Kerrville among others. We have data for 34 markets. (Some data included below & more in-depth data is available with an active subscription.)Pilgrim Mortgage 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. Pilgrim Mortgage is typically a high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.88% | 11/17/24 |
| 30 Year Conventional Refi | 6.68% | 11/17/24 |
| 30 Year Cash-out Refi | 7.07% | 11/17/24 |
| 30 Year FHA Purchase | 7.84% | 11/17/24 |
| 30 Year FHA Refi | 7.50% | 11/17/24 |
| 30 Year VA Purchase | 6.39% | 11/17/24 |
| 30 Year VA Refi | 5.14% | 11/17/24 |
| 30 Year USDA Purchase | 7.20% | 11/17/24 |
| 15 Year Conventional Purchase | 6.29% | 11/17/24 |
| 15 Year Conventional Refi | 6.45% | 11/17/24 |
| 15 Year Cash-out Refi | 6.45% | 11/17/24 |
| 15 Year VA Purchase | 5.68% | 11/17/24 |
| 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. | ||
Pilgrim Mortgage Mortgage Calculator
Your Estimates
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This is not an official calculator from Pilgrim Mortgage. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
859Origination Dollar Volume (All Markets)
$245,435,000Awards
PILGRIM MORTGAGE - 2023
PILGRIM MORTGAGE is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Pilgrim Mortgage's average 30 year fixed mortgage rate was
6.69%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.21%.
Relative Fees (Closing Costs)
Pilgrim Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $10,441.
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 $9,089.
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 |
|---|---|---|---|---|---|
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 437 | $143,585,000 | $328,570 | $11,264 | 6.62% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 103 | $30,535,000 | $296,456 | $9,411 | 6.87% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 118 | $18,450,000 | $156,356 | $6,854 | 7.01% |
| Outside of Metro Areas | 46 | $12,400,000 | $269,565 | $9,032 | 6.78% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 21 | $7,845,000 | $373,571 | $14,304 | 6.61% |
| Kerrville, TX (FHA|USDA|VA) | 27 | $6,295,000 | $233,148 | $9,634 | 6.36% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 18 | $5,790,000 | $321,667 | $13,223 | 6.55% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 10 | $3,110,000 | $311,000 | $9,184 | 6.79% |
| Beeville, TX (FHA|USDA|VA) | 13 | $2,295,000 | $176,538 | $6,632 | 6.55% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 6 | $1,580,000 | $263,333 | $7,940 | 6.83% |
| PINE BLUFF, AR (FHA|USDA|VA) | 14 | $1,550,000 | $110,714 | $4,767 | 6.93% |
| WACO, TX (FHA|USDA|VA) | 2 | $1,510,000 | $755,000 | $10,125 | 7.06% |
| TYLER, TX (FHA|USDA|VA) | 5 | $1,465,000 | $293,000 | $10,499 | 6.67% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 5 | $1,435,000 | $287,000 | $8,238 | 6.33% |
| Rockport, TX (FHA|USDA|VA) | 5 | $1,175,000 | $235,000 | $10,563 | 6.23% |
| Edwards, CO (FHA|USDA|VA) | 1 | $815,000 | $815,000 | $0 | 7.50% |
| LUBBOCK, TX (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $7,461 | 6.96% |
| AMARILLO, TX (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $6,819 | 6.62% |
| Searcy, AR (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $5,766 | 7.12% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $7,779 | 6.38% |
| Alice, TX (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $7,349 | 7.38% |
| Helena-West Helena, AR (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $3,006 | 6.50% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $10,451 | 7.25% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $10,957 | 7.13% |
| Brenham, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,416 | 6.62% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,818 | 6.38% |
| Bonham, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,171 | 6.50% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $9,566 | 7.38% |
| Arkadelphia, AR (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $3,118 | 6.38% |
| Nacogdoches, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $675 | 6.88% |
| Eagle Pass, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $9,967 | 5.38% |
| Camden, AR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,407 | 6.63% |
| Malvern, AR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,243 | 5.49% |
| Russellville, AR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,308 | 6.13% |
Similar Lenders
We use machine learning to identify the top lenders compared against PILGRIM MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2023, Pilgrim Mortgage's most frequently originated type of loan was Conventional, with 449 originations. Their 2nd most popular type was FHA, with 280 originations.
Loan Reason
For 2023, Pilgrim Mortgage's most frequently cited loan purpose was Home Purchase, with 816 originations. The 2nd most popular reason was Refi, with 37 originations.
Loan Duration/Length
For 2023, Pilgrim Mortgage's most frequently cited loan duration was 30 Year, with 811 originations. The 2nd most popular length was 10 Year, with 37 originations.
Origination Fees/Closing Costs
Pilgrim Mortgage's average total fees were $10,441, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 331 originations.
Interest Rates
During 2023, Pilgrim Mortgage's average interest rate for loans was 6.69%, while their most frequently originated rate bucket for loans was 6-7%, with 437 originations.
Loan Sizing
2023 saw Pilgrim Mortgage place emphasis on $200k-400k loans with 450 originations, totaling $126,200,000 in origination value.
Applicant Income
Pilgrim Mortgage lent most frequently to those with incomes in the $100k-150k range, with 245 originations. The second most popular income band? $50k-75k, with 190 originations.
Applicant Debt to Income Ratio
Pilgrim Mortgage lent most frequently to those with DTI ratios of 20-30%, with 337 originations. The next most common DTI ratio? <20%, with 167 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.43%
Pilgrim Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination63.45%
Pilgrim Mortgage has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 859 | $245,435,000 | $285,722 |