Pilgrim Mortgage Rates, Fees & Info

SAN ANTONIO, TX

LEI: 549300Y817BTHHMVNH95

Tax ID: 30-0382471

Latest/2022 | 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 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% 3/24/24
30 Year Conventional Refi 6.68% 3/24/24
30 Year Cash-out Refi 7.07% 3/24/24
30 Year FHA Purchase 7.84% 3/24/24
30 Year FHA Refi 7.50% 3/24/24
30 Year VA Purchase 6.39% 3/24/24
30 Year VA Refi 5.14% 3/24/24
30 Year USDA Purchase 7.20% 3/24/24
15 Year Conventional Purchase 6.29% 3/24/24
15 Year Conventional Refi 6.45% 3/24/24
15 Year Cash-out Refi 6.45% 3/24/24
15 Year VA Purchase 5.68% 3/24/24
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

921

Origination Dollar Volume (All Markets)

$190,485,000

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) 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%
Pilgrim Mortgage's top markets include San Antonio, Dallas, Little Rock, Austin, and Houston among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Louisiana (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.

    First Arkansas Bank and Trust
    Similarity Rank: 392
    MEMBERS CHOICE Credit Union
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    First Security Bank
    Similarity Rank: 580
    SMART FINANCIAL CREDIT UNION
    Similarity Rank: 707
    Farmers Bank & Trust Company
    Similarity Rank: 805
    TEXAS BAY
    Similarity Rank: 888
    TELCOE FEDERAL CREDIT UNION
    Similarity Rank: 902
    AMERANT BANK, NATIONAL ASSOCIATION
    Similarity Rank: 1060
    First National Bank
    Similarity Rank: 1197
    TEXANS
    Similarity Rank: 1204

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 387 $84,745,000 $218,979 $5,854 4.63%
    FHA 369 $65,385,000 $177,195 $8,173 4.66%
    VA 137 $35,855,000 $261,715 $8,341 4.28%
    USDA 21 $3,315,000 $157,857 $6,202 4.55%
    FHA 4 $540,000 $135,000 $0 5.22%
    VA 2 $470,000 $235,000 $0 3.94%
    USDA 1 $175,000 $175,000 $0 5.00%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 816 $167,090,000 $204,767 $7,313 4.60%
    Refi 72 $16,280,000 $226,111 $5,901 4.23%
    Cash Out Refi 31 $6,745,000 $217,581 $6,556 5.01%
    Home Improvement 1 $165,000 $165,000 $4,508 6.13%
    Other 1 $205,000 $205,000 $4,747 4.88%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 903 $187,505,000 $207,647 $7,209 4.59%
    15 Year 14 $2,040,000 $145,714 $4,763 4.99%
    20 Year 3 $705,000 $235,000 $4,751 4.04%
    Other 1 $235,000 $235,000 $14,616 4.38%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 443 $86,145,000 $194,458
    $2k-3k 223 $43,895,000 $196,839
    $3k-4k 114 $23,850,000 $209,211
    $5k+ 58 $18,250,000 $314,655
    $4k-5k 56 $14,150,000 $252,679
    $<1k 20 $3,010,000 $150,500

    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

    Loan Rate Originations Total Value Average Loan
    4-5% 477 $101,005,000 $211,751
    3-4% 219 $49,365,000 $225,411
    5-6% 212 $37,060,000 $174,811
    6-7% 6 $820,000 $136,667
    2.5-3% 5 $1,715,000 $343,000
    Over 8% 2 $520,000 $260,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 475 $74,325,000 $156,474 $6,448 4.65%
    $200k-400k 355 $95,605,000 $269,310 $8,369 4.50%
    $100,000 or less 55 $4,315,000 $78,455 $4,514 4.87%
    $400k-600k 36 $16,240,000 $451,111 $9,020 4.28%

    2019 saw Pilgrim Mortgage place emphasis on $100k-200k loans with 475 originations, totaling $74,325,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 293 $52,725,000 $179,949 $6,939 4.60%
    $50k or less 191 $26,825,000 $140,445 $6,296 4.64%
    $100k-150k 176 $45,050,000 $255,966 $7,811 4.54%
    $75k-100k 175 $38,225,000 $218,429 $7,684 4.58%
    $150k-250k 66 $20,790,000 $315,000 $7,922 4.54%
    $250k+ 20 $6,870,000 $343,500 $6,504 4.69%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 308 $67,670,000 $219,708 $7,477 4.64%
    <20% 204 $41,560,000 $203,725 $6,403 4.50%
    30-36% 139 $27,735,000 $199,532 $7,011 4.56%
    50-60% 40 $7,460,000 $186,500 $8,086 4.50%
    41% 24 $5,390,000 $224,583 $6,739 4.81%
    45% 20 $3,760,000 $188,000 $6,419 4.46%
    38% 19 $3,725,000 $196,053 $8,032 4.70%
    36% 19 $3,285,000 $172,895 $7,167 4.48%
    44% 18 $3,920,000 $217,778 $7,175 4.84%
    40% 17 $3,055,000 $179,706 $6,712 4.70%
    49% 17 $3,425,000 $201,471 $8,095 4.57%
    46% 17 $3,945,000 $232,059 $8,128 4.57%
    42% 15 $2,895,000 $193,000 $7,817 4.67%
    39% 15 $2,885,000 $192,333 $7,988 4.64%
    43% 15 $2,605,000 $173,667 $7,279 4.64%
    37% 14 $2,570,000 $183,571 $7,882 4.69%
    47% 9 $1,895,000 $210,556 $6,805 4.40%
    48% 7 $1,515,000 $216,429 $8,182 4.86%
    >60% 4 $1,190,000 $297,500 $8,404 4.47%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 751 $158,435,000 $210,965 $7,143 4.58%
    Black 134 $24,220,000 $180,746 $7,294 4.67%
    Asian 20 $4,660,000 $233,000 $6,941 4.49%
    Not provided 11 $2,195,000 $199,545 $8,287 4.53%
    American Indian 3 $645,000 $215,000 $9,848 4.54%
    Native Hawaiian or Islander 2 $330,000 $165,000 $4,593 4.56%

    Approval Rates

    Total approvals of all applications
    98.01%

    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 origination
    74.59%

    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

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $620,000 $103,333 $4,415 4.73%
    40-60% 24 $4,110,000 $171,250 $5,167 4.33%
    60-80% 146 $31,120,000 $213,151 $5,776 4.76%
    80-100% 712 $145,160,000 $203,876 $7,266 4.58%
    Over 100% 32 $9,200,000 $287,500 $13,446 4.32%