Pilgrim Mortgage Rates, Fees & Info
SAN ANTONIO, TXLEI: 549300Y817BTHHMVNH95
Tax ID: 30-0382471
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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 a a high proportion of FHA 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: San Antonio, Dallas, Little Rock, Austin, and Houston among others. We have data for 40 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 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.
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% | 10/29/24 |
| 30 Year Conventional Refi | 6.68% | 10/29/24 |
| 30 Year Cash-out Refi | 7.07% | 10/29/24 |
| 30 Year FHA Purchase | 7.84% | 10/29/24 |
| 30 Year FHA Refi | 7.50% | 10/29/24 |
| 30 Year VA Purchase | 6.39% | 10/29/24 |
| 30 Year VA Refi | 5.14% | 10/29/24 |
| 30 Year USDA Purchase | 7.20% | 10/29/24 |
| 15 Year Conventional Purchase | 6.29% | 10/29/24 |
| 15 Year Conventional Refi | 6.45% | 10/29/24 |
| 15 Year Cash-out Refi | 6.45% | 10/29/24 |
| 15 Year VA Purchase | 5.68% | 10/29/24 |
| 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
921Origination Dollar Volume (All Markets)
$190,485,000Top 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) | 641 | $137,355,000 | $214,282 | $7,159 | 4.54% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 65 | $14,885,000 | $229,000 | $8,506 | 4.76% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 89 | $13,065,000 | $146,798 | $6,177 | 4.78% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 20 | $5,100,000 | $255,000 | $7,746 | 4.41% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 25 | $4,775,000 | $191,000 | $7,727 | 4.87% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 10 | $2,150,000 | $215,000 | $6,887 | 4.66% |
| Outside of Metro Areas | 9 | $1,945,000 | $216,111 | $6,961 | 4.57% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 5 | $1,305,000 | $261,000 | $7,072 | 4.70% |
| PINE BLUFF, AR (FHA|USDA|VA) | 8 | $950,000 | $118,750 | $6,381 | 4.72% |
| Kerrville, TX (FHA|USDA|VA) | 5 | $875,000 | $175,000 | $6,879 | 4.50% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $7,505 | 4.94% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $6,369 | 3.50% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $5,689 | 5.25% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $6,079 | 5.29% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $20,955 | 3.63% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $4,510 | 4.00% |
| Fredericksburg, TX (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $7,888 | 4.13% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,890 | 3.50% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $7,559 | 3.88% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $11,302 | 3.50% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,397 | 5.13% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $7,052 | 4.25% |
| Pearsall, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,853 | 3.63% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,966 | 3.99% |
| El Campo, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $10,524 | 4.75% |
| TYLER, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $10,236 | 4.13% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $9,915 | 3.38% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,964 | 4.00% |
| Eagle Pass, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,986 | 4.88% |
| Helena-West Helena, AR (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $4,634 | 4.56% |
| Russellville, AR (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $5,616 | 5.38% |
| Granbury, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $9,205 | 4.00% |
| Lamesa, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,316 | 4.50% |
| Raymondville, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,232 | 5.50% |
| Magnolia, AR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,111 | 4.88% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $8,375 | 5.13% |
| Hope, AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,823 | 5.25% |
| Brownwood, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $7,972 | 5.13% |
| Searcy, AR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,268 | 5.63% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $6,096 | 4.40% |
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.
Similarity Rank: 392
Similarity Rank: 549
Similarity Rank: 580
Similarity Rank: 707
Similarity Rank: 805
Similarity Rank: 888
Similarity Rank: 902
Similarity Rank: 1060
Similarity Rank: 1197
Similarity Rank: 1204
Product Mix
For 2019, Pilgrim Mortgage's most frequently originated type of loan was Conventional, with 387 originations. Their 2nd most popular type was FHA, with 369 originations.
Loan Reason
For 2019, Pilgrim Mortgage's most frequently cited loan purpose was Home Purchase, with 816 originations. The 2nd most popular reason was Refi, with 72 originations.
Loan Duration/Length
For 2019, Pilgrim Mortgage's most frequently cited loan duration was 30 Year, with 903 originations. The 2nd most popular length was 15 Year, with 14 originations.
Origination Fees/Closing Costs
Pilgrim Mortgage's average total fees were $7,209, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 443 originations.
Interest Rates
During 2019, Pilgrim Mortgage's average interest rate for loans was 4.59%, while their most frequently originated rate bucket for loans was 4-5%, with 477 originations.
Loan Sizing
2019 saw Pilgrim Mortgage place emphasis on $100k-200k loans with 475 originations, totaling $74,325,000 in origination value.
Applicant Income
Pilgrim Mortgage lent most frequently to those with incomes in the $50k-75k range, with 293 originations. The second most popular income band? $50k or less, with 191 originations.
Applicant Debt to Income Ratio
Pilgrim Mortgage lent most frequently to those with DTI ratios of 20-30%, with 308 originations. The next most common DTI ratio? <20%, with 204 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.01%
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 origination74.59%
Pilgrim Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 921 | $190,485,000 | $206,824 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 11 | $1,745,000 | $158,636 |
| Single Family (1-4 Units):Site-Built | 910 | $188,740,000 | $207,407 |