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. They have a a high proportion of FHA loans. Pilgrim Mortgage has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: San Antonio, Little Rock, Dallas, Houston, and Austin among others. We have data for 33 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 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 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% | 4/21/24 |
| 30 Year Conventional Refi | 6.68% | 4/21/24 |
| 30 Year Cash-out Refi | 7.07% | 4/21/24 |
| 30 Year FHA Purchase | 7.84% | 4/21/24 |
| 30 Year FHA Refi | 7.50% | 4/21/24 |
| 30 Year VA Purchase | 6.39% | 4/21/24 |
| 30 Year VA Refi | 5.14% | 4/21/24 |
| 30 Year USDA Purchase | 7.20% | 4/21/24 |
| 15 Year Conventional Purchase | 6.29% | 4/21/24 |
| 15 Year Conventional Refi | 6.45% | 4/21/24 |
| 15 Year Cash-out Refi | 6.45% | 4/21/24 |
| 15 Year VA Purchase | 5.68% | 4/21/24 |
| 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™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
940Origination Dollar Volume (All Markets)
$190,990,000Top 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) | 677 | $145,995,000 | $215,650 | $7,542 | 69.82% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 99 | $13,525,000 | $136,616 | $5,939 | 5.15% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 51 | $12,235,000 | $239,902 | $8,884 | 5.15% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 20 | $3,520,000 | $176,000 | $7,391 | 4.95% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 7 | $2,285,000 | $326,429 | $7,984 | 4.98% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 11 | $1,475,000 | $134,091 | $6,740 | 5.31% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 9 | $1,255,000 | $139,444 | $5,455 | 5.22% |
| Kerrville, TX (FHA|USDA|VA) | 6 | $1,040,000 | $173,333 | $7,350 | 5.00% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 6 | $970,000 | $161,667 | $8,027 | 5.21% |
| Outside of Metro Areas | 7 | $815,000 | $116,429 | $4,806 | 5.13% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 6 | $680,000 | $113,333 | $6,349 | 5.30% |
| PINE BLUFF, AR (FHA|USDA|VA) | 5 | $665,000 | $133,000 | $5,306 | 5.33% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $6,789 | 4.52% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $7,086 | 4.94% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $5,388 | 5.38% |
| Pearsall, TX (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $11,614 | 4.88% |
| Athens, TX (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $7,833 | 4.75% |
| Granbury, TX (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $5,733 | 4.88% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $6,501 | 4.25% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $15,730 | 5.25% |
| Russellville, AR (FHA|USDA|VA) | 4 | $360,000 | $90,000 | $4,585 | 5.25% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $4,930 | 5.06% |
| Brownwood, TX (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $8,954 | 5.13% |
| Raymondville, TX (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $6,669 | 5.29% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,356 | 5.38% |
| Rio Grande City-Roma, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $9,217 | 5.00% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,816 | 4.38% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,631 | 4.63% |
| JONESBORO, AR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,541 | 5.00% |
| North Wilkesboro, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,050 | 5.25% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,047 | 5.25% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,278 | 4.63% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,603 | 5.63% |
Similar Lenders
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Product Mix
For 2018, Pilgrim Mortgage's most frequently originated type of loan was FHA, with 393 originations. Their 2nd most popular type was Conventional, with 356 originations.
Loan Reason
For 2018, Pilgrim Mortgage's most frequently cited loan purpose was Home Purchase, with 872 originations. The 2nd most popular reason was Refi, with 39 originations.
Loan Duration/Length
For 2018, Pilgrim Mortgage's most frequently cited loan duration was 30 Year, with 906 originations. The 2nd most popular length was 15 Year, with 20 originations.
Origination Fees/Closing Costs
Pilgrim Mortgage's average total fees were $7,397, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 459 originations.
Interest Rates
During 2018, Pilgrim Mortgage's average interest rate for loans was 53.51%, while their most frequently originated rate bucket for loans was 4-5%, with 524 originations.
Loan Sizing
2018 saw Pilgrim Mortgage place emphasis on $100k-200k loans with 477 originations, totaling $73,975,000 in origination value.
Applicant Income
Pilgrim Mortgage lent most frequently to those with incomes in the $50k-75k range, with 296 originations. The second most popular income band? $50k or less, with 219 originations.
Applicant Debt to Income Ratio
Pilgrim Mortgage lent most frequently to those with DTI ratios of 20-30%, with 298 originations. The next most common DTI ratio? <20%, with 180 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.55%
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 origination76.60%
Pilgrim Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 940 | $190,990,000 | $203,181 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 18 | $2,910,000 | $161,667 |
| Single Family (1-4 Units):Site-Built | 922 | $188,080,000 | $203,991 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Pilgrim Mortgage LLC | FHA mortgage | Closing on a mortgage | 1 | 100.0% |