Pinnacle Lending Group Mortgage Rates, Fees & Info

LAS VEGAS, NV

LEI: 5493005T6ET3508ZXP66

Tax ID: 20-4095036

3.9 stars - Updated: 9/25/23 - out of 5 stars, based on 15 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Pinnacle Lending Group is a smaller mortgage company specializing in Home Purchase loans. Pinnacle Lending Group 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: Las Vegas, Phoenix, Joplin, Orlando, and Pahrump among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Pinnacle Lending Group 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. Pinnacle Lending Group 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 6.89% 9/25/23
    30 Year Conventional Refi 6.78% 9/25/23
    30 Year Cash-out Refi 6.88% 9/25/23
    30 Year FHA Purchase 7.64% 9/25/23
    30 Year FHA Refi 7.30% 9/25/23
    30 Year VA Purchase 14.43% 9/25/23
    30 Year VA Refi 6.20% 9/25/23
    30 Year USDA Purchase 6.53% 9/25/23
    15 Year Conventional Refi 6.56% 9/25/23
    15 Year Cash-out Refi 6.56% 9/25/23
    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.

    Pinnacle Lending Group Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Pinnacle Lending Group. 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

    216

    Origination Dollar Volume (All Markets)

    $74,840,000

    Awards

    PINNACLE LENDING GROUP FHA Loans bronze PINNACLE LENDING GROUP FHA Loans bronze PINNACLE LENDING GROUP VA Loans silver
    Show all (3) awards

    Relative Rate

    Pinnacle Lending Group's average 30 year fixed mortgage rate was 4.83%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of 0.07%.

    Relative Fees (Closing Costs)

    Pinnacle Lending Group's average total fees/closing costs for a 30 year fixed rate mortgage were $7,416.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 176 $62,660,000 $356,023 $7,321 4.79%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 18 $5,860,000 $325,556 $9,551 5.25%
    JOPLIN, MO (FHA|USDA|VA) 6 $1,390,000 $231,667 $5,444 5.31%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $850,000 $425,000 $10,291 4.56%
    Pahrump, NV (FHA|USDA|VA) 2 $820,000 $410,000 $12,550 5.00%
    RENO, NV (FHA|USDA|VA) 1 $615,000 $615,000 $10,104 3.75%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $445,000 $445,000 $7,998 3.88%
    SALT LAKE CITY, UT (FHA|USDA|VA) 1 $425,000 $425,000 $12,076 5.25%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $360,000 $180,000 $3,829 3.44%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $355,000 $355,000 $9,086 6.50%
    Outside of Metro Areas 2 $280,000 $140,000 $6,493 4.81%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $255,000 $255,000 $3,693 3.38%
    GRAND JUNCTION, CO (FHA|USDA|VA) 1 $195,000 $195,000 $4,501 5.75%
    Cedar City, UT (FHA|USDA|VA) 1 $195,000 $195,000 $5,892 5.49%
    TUCSON, AZ (FHA|USDA|VA) 1 $135,000 $135,000 $4,678 3.75%
    Pinnacle Lending Group's top markets include Las Vegas, Phoenix, Joplin, Orlando, and Pahrump among others.

    Their top states include:
  • Nevada (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • California (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against PINNACLE LENDING GROUP based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Credit Union
    Similarity Rank: 210
    S&S Financial
    Similarity Rank: 264
    ALOHA PACIFIC
    Similarity Rank: 536
    SIMPLIFI MORTGAGE, LLC
    Similarity Rank: 1074
    ARIZONA CENTRAL
    Similarity Rank: 1166
    UNITED SECURITY FINANCIAL CORP
    Similarity Rank: 1170
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 1170
    PIMA Federal Credit Union
    Similarity Rank: 1404
    Bank Iowa
    Similarity Rank: 1470
    Western State Bank
    Similarity Rank: 1710

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 157 $54,395,000 $346,465 $6,034 4.87%
    FHA 42 $14,080,000 $335,238 $11,502 4.80%
    VA 16 $6,220,000 $388,750 $11,297 4.41%
    USDA 1 $145,000 $145,000 $6,234 4.99%

    For 2022, Pinnacle Lending Group's most frequently originated type of loan was Conventional, with 157 originations. Their 2nd most popular type was FHA, with 42 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 168 $59,370,000 $353,393 $7,716 4.99%
    Refi 30 $9,730,000 $324,333 $5,573 4.17%
    Cash Out Refi 18 $5,740,000 $318,889 $8,551 4.40%

    For 2022, Pinnacle Lending Group's most frequently cited loan purpose was Home Purchase, with 168 originations. The 2nd most popular reason was Refi, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 213 $73,985,000 $347,347 $7,416 4.83%
    15 Year 2 $380,000 $190,000 $3,681 3.50%
    Other 1 $475,000 $475,000 $30,385 6.75%

    For 2022, Pinnacle Lending Group's most frequently cited loan duration was 30 Year, with 213 originations. The 2nd most popular length was 15 Year, with 2 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 80 $28,470,000 $355,875
    $5k+ 45 $18,455,000 $410,111
    $3k-4k 33 $10,165,000 $308,030
    $2k-3k 26 $7,440,000 $286,154
    $4k-5k 26 $7,500,000 $288,462
    $<1k 6 $2,810,000 $468,333

    Pinnacle Lending Group's average total fees were $7,416, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 80 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 70 $24,650,000 $352,143
    3-4% 62 $20,240,000 $326,452
    4-5% 60 $22,070,000 $367,833
    6-7% 15 $5,475,000 $365,000
    7-8% 6 $1,810,000 $301,667
    2.5-3% 2 $580,000 $290,000
    <2.5% 1 $15,000 $15,000

    During 2022, Pinnacle Lending Group's average interest rate for loans was 4.83%, while their most frequently originated rate bucket for loans was 5-6%, with 70 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 130 $39,430,000 $303,308 $7,352 4.83%
    $400k-600k 50 $22,890,000 $457,800 $8,503 4.90%
    $100k-200k 24 $3,990,000 $166,250 $5,213 4.81%
    $600k-1MM 9 $5,865,000 $651,667 $10,692 4.94%
    $1MM+ 2 $2,650,000 $1,325,000 $7,565 4.88%
    $100,000 or less 1 $15,000 $15,000 $0 0.00%

    2022 saw Pinnacle Lending Group place emphasis on $200k-400k loans with 130 originations, totaling $39,430,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 52 $14,310,000 $275,192 $6,593 4.56%
    $75k-100k 52 $18,540,000 $356,538 $8,888 5.04%
    $100k-150k 46 $17,500,000 $380,435 $7,203 4.79%
    $50k or less 27 $6,165,000 $228,333 $6,513 4.49%
    $150k-250k 25 $11,355,000 $454,200 $8,269 5.28%
    $250k+ 14 $6,970,000 $497,857 $7,035 4.94%

    Pinnacle Lending Group lent most frequently to those with incomes in the $50k-75k range, with 52 originations. The second most popular income band? $75k-100k, with 52 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 27 $9,335,000 $345,741 $11,341 4.35%
    30-36% 21 $7,155,000 $340,714 $6,565 4.74%
    20-30% 20 $7,100,000 $355,000 $6,622 4.71%
    44% 15 $7,005,000 $467,000 $7,415 5.16%
    43% 14 $4,820,000 $344,286 $7,693 4.80%
    49% 14 $4,770,000 $340,714 $5,524 5.07%
    48% 12 $4,280,000 $356,667 $7,580 5.04%
    40% 11 $4,475,000 $406,818 $7,815 5.11%
    37% 11 $3,385,000 $307,727 $5,761 4.43%
    46% 11 $3,885,000 $353,182 $6,966 4.91%
    39% 9 $2,795,000 $310,556 $6,335 4.64%
    47% 9 $2,425,000 $269,444 $7,010 5.25%
    45% 9 $3,035,000 $337,222 $8,481 5.39%
    36% 8 $2,590,000 $323,750 $6,443 4.33%
    41% 8 $3,060,000 $382,500 $10,399 5.08%
    42% 6 $1,910,000 $318,333 $4,522 4.46%
    <20% 5 $1,245,000 $249,000 $5,590 5.15%
    38% 4 $1,040,000 $260,000 $6,739 4.97%
    >60% 2 $530,000 $265,000 $7,252 5.56%

    Pinnacle Lending Group lent most frequently to those with DTI ratios of 50-60%, with 27 originations. The next most common DTI ratio? 30-36%, with 21 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 152 $52,390,000 $344,671 $7,251 4.75%
    Asian 23 $7,905,000 $343,696 $7,675 4.76%
    Not provided 22 $7,290,000 $331,364 $8,064 5.13%
    Black 10 $3,800,000 $380,000 $8,524 4.87%
    Native Hawaiian or Islander 4 $1,610,000 $402,500 $6,905 5.16%
    Other Asian 2 $750,000 $375,000 $6,023 4.74%
    American Indian 1 $605,000 $605,000 $25,371 4.99%
    Chinese 1 $315,000 $315,000 $5,624 7.63%
    Other Pacific Islander 1 $175,000 $175,000 $5,450 5.88%

    Approval Rates

    Total approvals of all applications
    92.90%

    Pinnacle Lending Group has an average approval rate.

    Pick Rate

    Approvals leading to origination
    68.52%

    Pinnacle Lending Group has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 216 $74,840,000 $346,481

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    216 $74,840,000 $346,481

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $980,000 $245,000 $5,015 4.75%
    40-60% 23 $6,385,000 $277,609 $5,350 4.52%
    60-80% 62 $21,090,000 $340,161 $6,871 4.83%
    80-100% 120 $43,960,000 $366,333 $8,027 4.95%
    Over 100% 5 $2,205,000 $441,000 $16,285 4.42%
    Under 20% 2 $220,000 $110,000 $1,843 1.81%