Is Pulte Mortgage LLC An Expensive Mortgage Lender?

We compare mortgage interest rate and loan related closing costs at Pulte Mortgage LLC with other lenders for mortgages with similar borrower characteristics:

Interest Rate: similar to average (-0.03%)
Loan Related Closing Costs: lower than average (-$2387)
Assessment: this lender tends to be a cheap lender.

This scoreboard is based on data reported to FFIEC. In the data, Pulte Mortgage LLC originated 14333 mortgages, a national market share of 0.2%. It was most active in NM (1.0% market share), SC (0.8% market share), and AZ (0.6% market share).

On average, Pulte Mortgage LLC’s interest rates were similar to those of comparable mortgages at other lenders (-0.03%).1The comparable mortgages control for Pulte Mortgage LLC’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages. Its average total loan related closing cost was $2593, which was lower than those of comparable mortgages at $4980, with a difference of -$2387. Overall, we estimate that Pulte Mortgage LLC tends to be an cheap lender, with a cost-adjusted-rate difference of -0.18% compared to comparable mortgages at other lenders.2Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate. Nevertheless, we recommend comparing your rate and fees with at least a few other lenders before signing with Pulte Mortgage LLC.

Pulte Mortgage LLC originated Conforming, FHA, Jumbo and VA mortgages for new home purchases. We breakdown its interest rate and total loan related closing cost on by each of the mortgage types it originated below:

Home Purchase Mortgages from Pulte Mortgage LLC compared to other lenders

Conforming FHA Jumbo VA
Interest Rate Difference -0.03% +0.03% -0.04% -0.03%
Loan related Closing Cost Difference -$2429 -$2785 -$3643 -$1357
Cost Adjusted Rate Difference -0.20% -0.15% -0.14% -0.11%

Based on the table above, Pulte Mortgage LLC is cheap for Conforming, FHA, Jumbo and VA purchase mortgages.

Other information about Pulte Mortgage LLC:

Regulator: United States Department of Housing and Urban Development (HUD) 
Registered city and state: Englewood, CO, 80112

Lender Reviews:

Subscribe
Notify of
guest
Closed on time?
Did the lender have difficulty closing the loan on time?
Rating
What's your rating for the lender
0 Reviews
Inline Feedbacks
View all comments

Footnotes   [ + ]

1. The comparable mortgages control for Pulte Mortgage LLC’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages.
2. Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate.