Pinnacle Bank Mortgage Rates, Fees & Info
ELBERTON, GALEI: 2549006MTEQ1VE0AAQ20
Tax ID: 58-0232548
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Mortgage Data
Review & Overview
Pinnacle Bank is a smaller bank specializing in Home Purchase and Refi loans. Pinnacle Bank 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: Atlanta, Augusta, Jefferson, Gainesville, and Athens among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)Pinnacle Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
560Origination Dollar Volume (All Markets)
$128,870,000Top 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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 124 | $33,770,000 | $272,339 | $0 | 0.00% |
| Outside of Metro Areas | 205 | $29,945,000 | $146,073 | $0 | 0.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 59 | $14,135,000 | $239,576 | $0 | 0.00% |
| Jefferson, GA (FHA|USDA|VA) | 16 | $13,070,000 | $816,875 | $0 | 0.00% |
| GAINESVILLE, GA (FHA|USDA|VA) | 41 | $11,305,000 | $275,732 | $0 | 0.00% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 48 | $10,100,000 | $210,417 | $0 | 0.00% |
| Cornelia, GA (FHA|USDA|VA) | 39 | $7,845,000 | $201,154 | $0 | 0.00% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $2,505,000 | $2,505,000 | $0 | 0.00% |
| BRUNSWICK, GA (FHA|USDA|VA) | 2 | $1,800,000 | $900,000 | $0 | 0.00% |
| Toccoa, GA (FHA|USDA|VA) | 12 | $1,630,000 | $135,833 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Seneca, SC (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Thomaston, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
For 2024, Pinnacle Bank's most frequently originated type of loan was Conventional, with 519 originations. Their 2nd most popular type was FHA, with 29 originations.
Loan Reason
For 2024, Pinnacle Bank's most frequently cited loan purpose was Home Purchase, with 192 originations. The 2nd most popular reason was Refi, with 169 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 560 | $128,870,000 | $230,125 | $0 | 0.00% |
For 2024, Pinnacle Bank's most frequently cited loan duration was Other, with 560 originations.
Loan Sizing
2024 saw Pinnacle Bank place emphasis on $100,000 or less loans with 201 originations, totaling $11,795,000 in origination value.
Applicant Income
Pinnacle Bank lent most frequently to those with incomes in the $100k-150k range, with 109 originations. The second most popular income band? $75k-100k, with 96 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 560 | $128,870,000 | $230,125 | $0 | 0.00% |
Pinnacle Bank lent most frequently to those with DTI ratios of Exempt%, with 560 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.23%
Pinnacle Bank has an average approval rate.
Pick Rate
Approvals leading to origination73.75%
Pinnacle Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 560 | $128,870,000 | $230,125 |