Pilgrim Mortgage Rates, Fees & Info

SAN ANTONIO, TX

LEI: 549300Y817BTHHMVNH95

Tax ID: 30-0382471

3 stars - Updated: 12/4/24 - out of 5 stars, based on 29 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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.

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 6.88% 12/4/24
30 Year Conventional Refi 6.68% 12/4/24
30 Year Cash-out Refi 7.07% 12/4/24
30 Year FHA Purchase 7.84% 12/4/24
30 Year FHA Refi 7.50% 12/4/24
30 Year VA Purchase 6.39% 12/4/24
30 Year VA Refi 5.14% 12/4/24
30 Year USDA Purchase 7.20% 12/4/24
15 Year Conventional Purchase 6.29% 12/4/24
15 Year Conventional Refi 6.45% 12/4/24
15 Year Cash-out Refi 6.45% 12/4/24
15 Year VA Purchase 5.68% 12/4/24
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

Estimated Loan Payment: Update the calculator values and click calculate payment!

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

859

Origination Dollar Volume (All Markets)

$245,435,000

Awards

PILGRIM MORTGAGE 30 Year Conventional Loans gold
Show all (1) awards

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%
Pilgrim Mortgage's top markets include San Antonio, College Station, Little Rock, Dallas, and Kerrville among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • 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.

    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 220
    AMOCO
    Similarity Rank: 258
    GIBRALTAR MORTGAGE SERVICES, LLC
    Similarity Rank: 360
    First Security Bank
    Similarity Rank: 408
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 432
    COMMUNITY RESOURCE CREDIT UNION
    Similarity Rank: 714
    DATCU
    Similarity Rank: 981

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 449 $125,415,000 $279,321 $8,209 6.84%
    FHA 280 $71,130,000 $254,036 $11,710 6.62%
    VA 123 $47,725,000 $388,008 $12,697 6.41%
    USDA 7 $1,165,000 $166,429 $5,382 6.77%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 816 $232,990,000 $285,527 $9,997 6.71%
    Refi 37 $11,015,000 $297,703 $9,631 6.67%
    Cash Out Refi 6 $1,430,000 $238,333 $8,892 7.04%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 811 $242,305,000 $298,773 $10,441 6.69%
    10 Year 37 $365,000 $9,865 $0 7.04%
    15 Year 7 $1,775,000 $253,571 $7,962 6.12%
    20 Year 4 $990,000 $247,500 $8,580 7.28%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 331 $122,555,000 $370,257
    $<1k 149 $30,195,000 $202,651
    $4k-5k 101 $26,965,000 $266,980
    $1k-2k 100 $24,810,000 $248,100
    $3k-4k 96 $23,340,000 $243,125
    $2k-3k 81 $16,755,000 $206,852

    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

    Loan Rate Originations Total Value Average Loan
    6-7% 437 $125,035,000 $286,121
    7-8% 235 $67,665,000 $287,936
    5-6% 153 $44,945,000 $293,758
    Over 8% 25 $5,525,000 $221,000
    4-5% 7 $2,245,000 $320,714
    <2.5% 2 $20,000 $10,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 450 $126,200,000 $280,444 $10,275 6.70%
    $100k-200k 197 $30,975,000 $157,234 $6,543 6.68%
    $400k-600k 120 $57,300,000 $477,500 $15,149 6.63%
    $100,000 or less 52 $1,460,000 $28,077 $1,328 6.90%
    $600k-1MM 37 $25,725,000 $695,270 $18,919 6.78%
    $1MM+ 3 $3,775,000 $1,258,333 $22,665 7.88%

    2023 saw Pilgrim Mortgage place emphasis on $200k-400k loans with 450 originations, totaling $126,200,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 245 $74,785,000 $305,245 $10,752 6.70%
    $50k-75k 190 $36,290,000 $191,000 $7,983 6.65%
    $75k-100k 157 $37,445,000 $238,503 $8,811 6.69%
    $150k-250k 155 $63,105,000 $407,129 $12,632 6.69%
    $50k or less 62 $8,270,000 $133,387 $5,982 6.66%
    $250k+ 50 $25,540,000 $510,800 $14,130 7.12%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 337 $96,265,000 $285,653 $9,736 6.66%
    <20% 167 $44,545,000 $266,737 $8,610 6.83%
    30-36% 160 $44,990,000 $281,188 $10,205 6.78%
    36% 28 $9,540,000 $340,714 $11,684 6.68%
    37% 27 $7,935,000 $293,889 $10,880 6.83%
    40% 20 $5,180,000 $259,000 $12,260 6.61%
    38% 18 $5,590,000 $310,556 $11,576 6.37%
    42% 15 $4,025,000 $268,333 $12,170 6.42%
    41% 14 $5,090,000 $363,571 $12,325 6.66%
    39% 12 $2,840,000 $236,667 $9,697 6.63%
    43% 12 $4,480,000 $373,333 $12,431 6.70%
    44% 12 $3,650,000 $304,167 $11,439 6.47%
    46% 12 $3,090,000 $257,500 $10,768 6.33%
    45% 10 $2,430,000 $243,000 $5,769 6.71%
    47% 6 $2,380,000 $396,667 $10,883 6.52%
    48% 3 $625,000 $208,333 $9,213 7.13%
    >60% 3 $1,705,000 $568,333 $25,291 7.25%
    50-60% 2 $570,000 $285,000 $5,619 7.38%
    49% 1 $505,000 $505,000 $17,450 6.38%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 623 $191,925,000 $308,066 $10,439 6.69%
    Black 162 $30,190,000 $186,358 $7,654 6.81%
    Not provided 45 $12,775,000 $283,889 $10,545 6.54%
    Asian 20 $7,780,000 $389,000 $13,632 6.76%
    American Indian 6 $1,700,000 $283,333 $8,489 6.58%
    Filipino 1 $405,000 $405,000 $9,279 6.88%
    Asian Indian 1 $375,000 $375,000 $6,975 5.88%
    Native Hawaiian or Islander 1 $285,000 $285,000 $10,418 7.38%

    Approval Rates

    Total approvals of all applications
    98.43%

    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 origination
    63.45%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    859 $245,435,000 $285,722

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 17 $2,815,000 $165,588 $5,578 6.46%
    40-60% 59 $15,115,000 $256,186 $7,609 6.58%
    60-80% 156 $47,680,000 $305,641 $9,784 6.89%
    80-100% 556 $166,890,000 $300,162 $10,534 6.67%
    Over 100% 29 $12,165,000 $419,483 $21,238 6.42%
    Under 20% 42 $770,000 $18,333 $362 6.97%