Pilgrim Mortgage Rates, Fees & Info
SAN ANTONIO, TXLEI: 549300Y817BTHHMVNH95
Tax ID: 30-0382471
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Pilgrim Mortgage is a smaller mortgage company specializing in Home Purchase and Refi 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 include San Antonio, Dallas, Little Rock, Houston, and Austin among others. Pilgrim Mortgage has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Pilgrim Mortgage is typically a high fee lendor.Originations
1,453Origination Dollar Volume (All Markets)
$368,095,000Relative Rate
Pilgrim Mortgage 's average 30 year fixed rate mortgage of loans were
3.18%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.03%.
Relative Fees
Pilgrim Mortgage 's average total fees for a 30 year fixed rate
mortgage are $7,455.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 864 | $231,240,000 | $267,639 | $7,398 | 3.13% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 163 | $43,725,000 | $268,252 | $7,285 | 3.11% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 209 | $40,565,000 | $194,091 | $7,601 | 3.35% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 27 | $6,635,000 | $245,741 | $6,834 | 2.98% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 21 | $6,415,000 | $305,476 | $7,349 | 3.05% |
| Outside of Metro Areas | 22 | $4,670,000 | $212,273 | $7,458 | 3.34% |
| EL PASO, TX (FHA|USDA|VA) | 17 | $3,665,000 | $215,588 | $6,681 | 3.17% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 13 | $3,065,000 | $235,769 | $5,869 | 3.13% |
| Kerrville, TX (FHA|USDA|VA) | 10 | $3,030,000 | $303,000 | $7,676 | 3.11% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 6 | $2,900,000 | $483,333 | $10,772 | 3.25% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 9 | $2,105,000 | $233,889 | $5,451 | 2.58% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 10 | $1,920,000 | $192,000 | $7,050 | 3.15% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 9 | $1,685,000 | $187,222 | $6,313 | 3.19% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 6 | $1,480,000 | $246,667 | $8,211 | 3.33% |
| PINE BLUFF, AR (FHA|USDA|VA) | 11 | $1,415,000 | $128,636 | $5,051 | 3.36% |
| MIDLAND, TX (FHA|USDA|VA) | 5 | $1,245,000 | $249,000 | $6,779 | 3.28% |
| Fredericksburg, TX (FHA|USDA|VA) | 2 | $1,070,000 | $535,000 | $10,875 | 2.88% |
| TYLER, TX (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $8,402 | 2.88% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $8,648 | 3.31% |
| LAREDO, TX (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $8,660 | 3.44% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $8,483 | 2.63% |
| Uvalde, TX (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $9,324 | 3.06% |
| LONGVIEW, TX (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $5,089 | 2.68% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,005 | 3.00% |
| Del Rio, TX (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,287 | 2.25% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $8,671 | 2.99% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $8,298 | 3.63% |
| Rockport, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $11,368 | 3.38% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,788 | 2.00% |
| Eagle Pass, TX (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $7,049 | 2.81% |
| Harrison, AR (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $11,899 | 4.13% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $8,825 | 4.00% |
| Russellville, AR (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,599 | 3.31% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,722 | 3.63% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,080 | 2.25% |
| Camden, AR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,876 | 3.13% |
| Beeville, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,461 | 2.63% |
| Sulphur Springs, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,384 | 3.25% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,528 | 2.25% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,917 | 3.88% |
| Rio Grande City-Roma, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,071 | 4.13% |
| Alice, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,803 | 3.25% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,760 | 1.88% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,004 | 3.75% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,112 | 4.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,736 | 3.63% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,933 | 3.38% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,291 | 3.37% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,077 | 3.13% |
| Paris, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,051 | 3.25% |
| Plainview, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,814 | 4.38% |
| Borger, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,296 | 3.25% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,104 | 2.63% |
| Arkadelphia, AR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,940 | 3.99% |
| Pearsall, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $9,934 | 3.75% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,466 | 2.63% |
| Forrest City, AR (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $6,066 | 3.25% |
| Raymondville, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,754 | 3.25% |
Pilgrim Mortgage 's top markets include San Antonio, Dallas, Little Rock, Houston, and Austin among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 746 | $191,020,000 | $256,059 | $5,998 | 3.18% |
| FHA | 430 | $91,740,000 | $213,349 | $9,012 | 3.32% |
| VA | 233 | $76,935,000 | $330,193 | $8,757 | 2.78% |
| USDA | 44 | $8,400,000 | $190,909 | $6,632 | 3.17% |
For the 2021 period, Pilgrim Mortgage 's most frequently originated loan type of loans were Conventional, with 746 originations. Their 2nd most popular type is FHA, with 430 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 1,079 | $279,065,000 | $258,633 | $7,931 | 3.26% |
| Refi | 308 | $74,010,000 | $240,292 | $5,483 | 2.82% |
| Cash Out Refi | 57 | $12,995,000 | $227,982 | $6,524 | 3.13% |
| Home Improvement | 9 | $2,025,000 | $225,000 | $7,045 | 3.36% |
For the 2021, Pilgrim Mortgage 's most frequently cited loan purpose of loans were Home Purchase, with 1,079 originations. The 2nd most popular reason of loans were Refi, with 308 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 1,383 | $352,995,000 | $255,239 | $7,455 | 3.18% |
| 15 Year | 50 | $11,650,000 | $233,000 | $5,485 | 2.58% |
| 20 Year | 11 | $2,075,000 | $188,636 | $5,574 | 2.81% |
| 10 Year | 5 | $515,000 | $103,000 | $3,257 | 2.73% |
| Other | 4 | $860,000 | $215,000 | $4,807 | 3.62% |
For the 2021, Pilgrim Mortgage 's most frequently cited loan length of loans were 30 Year, with 1,383 originations. The 2nd most popular length of loans were 15 Year, with 50 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 752 | $189,420,000 | $251,888 |
| $3k-4k | 261 | $60,405,000 | $231,437 |
| $2k-3k | 249 | $56,995,000 | $228,896 |
| $5k+ | 156 | $55,240,000 | $354,103 |
| $<1k | 35 | $6,035,000 | $172,429 |
$7,455 of loans were Pilgrim Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 752 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 766 | $182,010,000 | $237,611 |
| 2.5-3% | 468 | $127,410,000 | $272,244 |
| <2.5% | 159 | $45,035,000 | $283,239 |
| 4-5% | 59 | $13,415,000 | $227,373 |
| 5-6% | 1 | $225,000 | $225,000 |
During 2021, Pilgrim Mortgage 's average interest rate of loans were 3.18%, while their most frequently originated rate bucket of loans were 3-4%, with 766 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 746 | $203,120,000 | $272,279 | $7,839 | 3.14% |
| $100k-200k | 495 | $78,005,000 | $157,586 | $5,942 | 3.23% |
| $400k-600k | 145 | $68,345,000 | $471,345 | $9,537 | 3.09% |
| $100,000 or less | 47 | $3,845,000 | $81,809 | $4,379 | 3.19% |
| $600k-1MM | 20 | $14,780,000 | $739,000 | $15,179 | 2.73% |
2021 saw Pilgrim Mortgage place emphasis on $200k-400k loans with 746 originations, totaling $203,120,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 374 | $80,460,000 | $215,134 | $7,158 | 3.25% |
| $50k or less | 322 | $59,930,000 | $186,118 | $6,190 | 3.05% |
| $100k-150k | 318 | $94,980,000 | $298,679 | $7,926 | 3.17% |
| $75k-100k | 233 | $58,785,000 | $252,296 | $7,927 | 3.18% |
| $150k-250k | 156 | $56,170,000 | $360,064 | $7,720 | 3.11% |
| $250k+ | 49 | $17,675,000 | $360,714 | $8,888 | 3.23% |
Pilgrim Mortgage lent most frequently to those with incomes in the $50k-75k range, with 374 originations. The second most popular income band? $50k or less, with 322 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 561 | $144,595,000 | $257,745 | $7,687 | 3.20% |
| <20% | 460 | $112,900,000 | $245,435 | $6,791 | 3.17% |
| 30-36% | 205 | $49,845,000 | $243,146 | $7,914 | 3.27% |
| 36% | 28 | $6,850,000 | $244,643 | $7,023 | 3.31% |
| 37% | 20 | $5,450,000 | $272,500 | $7,869 | 3.21% |
| 38% | 18 | $4,010,000 | $222,778 | $8,619 | 3.29% |
| 41% | 16 | $3,820,000 | $238,750 | $7,985 | 3.18% |
| 40% | 15 | $3,775,000 | $251,667 | $7,753 | 3.42% |
| 39% | 14 | $3,740,000 | $267,143 | $8,096 | 3.21% |
| 43% | 11 | $2,705,000 | $245,909 | $5,920 | 3.25% |
| 44% | 9 | $2,295,000 | $255,000 | $9,134 | 3.32% |
| 42% | 7 | $2,105,000 | $300,714 | $10,136 | 2.96% |
| 45% | 6 | $1,570,000 | $261,667 | $8,090 | 3.21% |
| 47% | 5 | $1,875,000 | $375,000 | $5,418 | 3.02% |
| 46% | 2 | $740,000 | $370,000 | $15,903 | 2.75% |
| 48% | 2 | $1,070,000 | $535,000 | $25,817 | 2.56% |
| 50-60% | 1 | $195,000 | $195,000 | $2,821 | 2.50% |
Pilgrim Mortgage lent most frequently to those with DTI ratios of 20-30%, with 561 originations. The next most common DTI ratio? <20%, with 460 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1,055 | $274,825,000 | $260,498 | $7,259 | 3.13% |
| Black | 290 | $63,730,000 | $219,759 | $7,696 | 3.26% |
| Not provided | 71 | $19,125,000 | $269,366 | $7,705 | 3.24% |
| Asian | 24 | $7,250,000 | $302,083 | $6,450 | 3.16% |
| American Indian | 8 | $1,830,000 | $228,750 | $6,924 | 3.13% |
| Native Hawaiian | 3 | $775,000 | $258,333 | $6,609 | 3.04% |
| Filipino | 1 | $335,000 | $335,000 | $4,087 | 2.99% |
| Other Asian | 1 | $225,000 | $225,000 | $10,004 | 3.00% |
Approval Rates
Total approvals of all applications98.64%
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 origination69.37%
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 | 1,453 | $368,095,000 | $253,334 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,453 | $368,095,000 | $253,334 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 14 | $2,610,000 | $186,429 | $6,955 | 2.92% |
| 40-60% | 90 | $17,230,000 | $191,444 | $5,174 | 2.87% |
| 60-80% | 338 | $86,760,000 | $256,686 | $6,094 | 3.12% |
| 80-100% | 962 | $245,450,000 | $255,146 | $7,637 | 3.21% |
| Over 100% | 46 | $15,840,000 | $344,348 | $15,289 | 3.04% |
| Under 20% | 2 | $110,000 | $55,000 | $1,945 | 2.94% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Pilgrim Mortgage LLC | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |
