Pilgrim Mortgage Rates, Fees & Info
SAN ANTONIO, TXLEI: 549300Y817BTHHMVNH95
Tax ID: 30-0382471
Latest/2021 | 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 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 by origination volume include: San Antonio, Dallas, Little Rock, Houston, and Austin among others. We have data for 58 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 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.
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 | 6.80% | 1/29/23 |
| 30 Year Conventional Refi | 6.58% | 1/29/23 |
| 30 Year Cash-out Refi | 6.77% | 1/29/23 |
| 30 Year FHA Purchase | 7.76% | 1/29/23 |
| 30 Year FHA Refi | 7.19% | 1/29/23 |
| 30 Year VA Purchase | 6.49% | 1/29/23 |
| 30 Year VA Refi | 5.90% | 1/29/23 |
| 30 Year USDA Purchase | 7.04% | 1/29/23 |
| 30 Year USDA Refi | 6.90% | 1/29/23 |
| 15 Year Conventional Purchase | 6.22% | 1/29/23 |
| 15 Year Conventional Refi | 6.11% | 1/29/23 |
| 15 Year Cash-out Refi | 6.11% | 1/29/23 |
| 15 Year FHA Refi | 5.68% | 1/29/23 |
| 15 Year VA Purchase | 6.43% | 1/29/23 |
| 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. | ||
Originations
1,453Origination Dollar Volume (All Markets)
$368,095,000Relative Rate
Pilgrim Mortgage's average 30 year fixed mortgage rate was
3.18%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of 0.03%.
Relative Fees (Closing Costs)
Pilgrim Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,455.
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 $4,750.
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) | 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% |
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Product Mix
For 2021, Pilgrim Mortgage's most frequently originated type of loan was Conventional, with 746 originations. Their 2nd most popular type was FHA, with 430 originations.
Loan Reason
For 2021, Pilgrim Mortgage's most frequently cited loan purpose was Home Purchase, with 1,079 originations. The 2nd most popular reason was Refi, with 308 originations.
Loan Duration/Length
For 2021, Pilgrim Mortgage's most frequently cited loan duration was 30 Year, with 1,383 originations. The 2nd most popular length was 15 Year, with 50 originations.
Origination Fees/Closing Costs
Pilgrim Mortgage's average total fees were $7,455, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.18%, while their most frequently originated rate bucket for loans was 3-4%, with 766 originations.
Loan Sizing
2021 saw Pilgrim Mortgage place emphasis on $200k-400k loans with 746 originations, totaling $203,120,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications99.13%
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 origination60.43%
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 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Pilgrim Mortgage LLC | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |