Pinnacle Lending Group Mortgage Rates, Fees & Info

LAS VEGAS, NV

LEI: 5493005T6ET3508ZXP66

Tax ID: 20-4095036

4.7 stars - out of 5 stars, based on 27 reviews

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

Jump to:

Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Pinnacle Lending Group is a smaller mortgage company specializing in Home Purchase and Refi loans. Pinnacle Lending Group has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Las Vegas, Phoenix, Los Angeles, Salt Lake City, and Reno among others. We have data for 32 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 7.00% 12/4/22
    30 Year Conventional Refi 5.94% 12/4/22
    30 Year Cash-out Refi 6.93% 12/4/22
    30 Year FHA Purchase 7.69% 12/4/22
    30 Year FHA Refi 7.24% 12/4/22
    30 Year VA Purchase 6.45% 12/4/22
    30 Year VA Refi 6.18% 12/4/22
    15 Year Conventional Purchase 5.76% 12/4/22
    15 Year Conventional Refi 5.79% 12/4/22
    15 Year Cash-out Refi 5.79% 12/4/22
    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.


    Originations

    710

    Origination Dollar Volume (All Markets)

    $215,170,000

    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 3.04%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.11%.

    Relative Fees (Closing Costs)

    Pinnacle Lending Group's average total fees/closing costs for a 30 year fixed rate mortgage were $5,436.

    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) 603 $178,675,000 $296,310 $5,185 3.00%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 39 $12,605,000 $323,205 $5,506 3.03%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 8 $4,890,000 $611,250 $7,659 3.06%
    SALT LAKE CITY, UT (FHA|USDA|VA) 13 $4,185,000 $321,923 $7,188 3.16%
    RENO, NV (FHA|USDA|VA) 4 $1,520,000 $380,000 $4,365 3.31%
    Outside of Metro Areas 3 $1,005,000 $335,000 $8,334 3.25%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $935,000 $935,000 $0 2.99%
    GRAND JUNCTION, CO (FHA|USDA|VA) 3 $915,000 $305,000 $5,090 2.66%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $900,000 $450,000 $16,327 2.81%
    Pahrump, NV (FHA|USDA|VA) 4 $810,000 $202,500 $5,008 2.84%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $800,000 $400,000 $3,682 2.69%
    TUCSON, AZ (FHA|USDA|VA) 3 $725,000 $241,667 $3,662 2.58%
    ALBUQUERQUE, NM (FHA|USDA|VA) 2 $690,000 $345,000 $4,896 3.50%
    BAKERSFIELD, CA (FHA|USDA|VA) 2 $650,000 $325,000 $8,607 2.75%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $600,000 $300,000 $4,340 4.18%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $570,000 $285,000 $5,544 2.88%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $545,000 $545,000 $4,792 3.00%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $515,000 $515,000 $4,840 3.25%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $455,000 $455,000 $3,426 2.99%
    BATTLE CREEK, MI (FHA|USDA|VA) 1 $345,000 $345,000 $14,409 2.88%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $310,000 $155,000 $3,037 2.75%
    Fallon, NV (FHA|USDA|VA) 1 $305,000 $305,000 $6,106 2.50%
    GREELEY, CO (FHA|USDA|VA) 1 $295,000 $295,000 $13,684 2.25%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $275,000 $275,000 $2,999 3.00%
    Fernley, NV (FHA|USDA|VA) 1 $265,000 $265,000 $3,938 3.38%
    CARSON CITY, NV (FHA|USDA|VA) 1 $245,000 $245,000 $5,585 3.49%
    YUMA, AZ (FHA|USDA|VA) 1 $225,000 $225,000 $3,843 2.25%
    Payson, AZ (FHA|USDA|VA) 1 $225,000 $225,000 $12,114 2.25%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $215,000 $215,000 $3,415 2.99%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $165,000 $165,000 $7,261 3.88%
    OCALA, FL (FHA|USDA|VA) 1 $155,000 $155,000 $7,455 4.25%
    FLAGSTAFF, AZ (FHA|USDA|VA) 1 $155,000 $155,000 $3,734 3.00%
    Pinnacle Lending Group's top markets include Las Vegas, Phoenix, Los Angeles, Salt Lake City, and Reno among others.

    Their top states include:
  • Nevada (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Florida (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: 378
    ALOHA PACIFIC
    Similarity Rank: 670
    S&S Financial
    Similarity Rank: 816
    ARIZONA CENTRAL
    Similarity Rank: 1166
    AERO Federal Credit Union
    Similarity Rank: 1428
    SIMPLIFI MORTGAGE, LLC
    Similarity Rank: 1432
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 1950
    ONE NEVADA CREDIT UNION
    Similarity Rank: 2047
    PIMA Federal Credit Union
    Similarity Rank: 2106

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 541 $160,065,000 $295,869 $4,248 3.09%
    FHA 97 $27,185,000 $280,258 $8,586 2.91%
    VA 72 $27,920,000 $387,778 $8,921 2.52%

    For 2021, Pinnacle Lending Group's most frequently originated type of loan was Conventional, with 541 originations. Their 2nd most popular type was FHA, with 97 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 296 $102,330,000 $345,709 $6,917 3.08%
    Refi 259 $70,555,000 $272,413 $4,008 2.88%
    Cash Out Refi 155 $42,285,000 $272,806 $4,507 3.09%

    For 2021, Pinnacle Lending Group's most frequently cited loan purpose was Home Purchase, with 296 originations. The 2nd most popular reason was Refi, with 259 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 663 $204,025,000 $307,730 $5,436 3.04%
    15 Year 28 $6,820,000 $243,571 $3,519 2.49%
    20 Year 16 $3,520,000 $220,000 $4,154 2.68%
    Other 2 $710,000 $355,000 $3,860 3.25%
    10 Year 1 $95,000 $95,000 $4,676 2.25%

    For 2021, Pinnacle Lending Group's most frequently cited loan duration was 30 Year, with 663 originations. The 2nd most popular length was 15 Year, with 28 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 649 $194,985,000 $300,439
    $2k-3k 21 $6,195,000 $295,000
    $3k-4k 13 $3,505,000 $269,615
    $4k-5k 6 $1,690,000 $281,667
    $5k+ 6 $3,390,000 $565,000
    $<1k 2 $720,000 $360,000

    Pinnacle Lending Group's average total fees were $5,436, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 649 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 315 $93,455,000 $296,683
    3-4% 261 $81,675,000 $312,931
    <2.5% 116 $34,810,000 $300,086
    4-5% 17 $4,655,000 $273,824
    5-6% 1 $575,000 $575,000

    During 2021, Pinnacle Lending Group's average interest rate for loans was 3.04%, while their most frequently originated rate bucket for loans was 2.5-3%, with 315 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 437 $126,165,000 $288,707 $5,510 3.00%
    $100k-200k 139 $22,065,000 $158,741 $3,888 3.02%
    $400k-600k 107 $51,665,000 $482,850 $5,443 2.99%
    $600k-1MM 12 $8,740,000 $728,333 $12,404 2.97%
    $100,000 or less 10 $870,000 $87,000 $3,774 3.12%
    $1MM+ 5 $5,665,000 $1,133,000 $13,952 3.53%

    2021 saw Pinnacle Lending Group place emphasis on $200k-400k loans with 437 originations, totaling $126,165,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 212 $57,010,000 $268,915 $5,745 3.02%
    $50k or less 152 $33,280,000 $218,947 $4,738 2.87%
    $75k-100k 112 $34,290,000 $306,161 $5,284 3.06%
    $100k-150k 106 $36,480,000 $344,151 $5,604 3.07%
    $150k-250k 96 $39,760,000 $414,167 $5,284 3.05%
    $250k+ 32 $14,350,000 $448,438 $4,651 3.07%

    Pinnacle Lending Group lent most frequently to those with incomes in the $50k-75k range, with 212 originations. The second most popular income band? $50k or less, with 152 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 107 $30,335,000 $283,505 $4,353 3.04%
    30-36% 103 $30,465,000 $295,777 $5,079 2.99%
    50-60% 53 $17,575,000 $331,604 $9,544 2.90%
    41% 38 $11,500,000 $302,632 $4,873 2.98%
    44% 35 $10,195,000 $291,286 $6,099 3.14%
    49% 33 $9,645,000 $292,273 $4,740 2.99%
    <20% 33 $9,325,000 $282,576 $3,887 2.96%
    43% 29 $9,365,000 $322,931 $5,016 3.24%
    47% 29 $8,815,000 $303,966 $5,372 3.12%
    42% 28 $8,340,000 $297,857 $4,541 3.17%
    46% 27 $7,955,000 $294,630 $5,427 2.97%
    39% 25 $8,055,000 $322,200 $5,529 3.07%
    48% 24 $7,420,000 $309,167 $4,976 2.94%
    37% 23 $7,245,000 $315,000 $4,148 3.08%
    40% 23 $6,855,000 $298,043 $5,138 2.88%
    38% 22 $6,650,000 $302,273 $5,961 2.98%
    45% 19 $5,995,000 $315,526 $4,323 3.08%
    36% 19 $6,525,000 $343,421 $4,525 3.25%
    >60% 6 $2,880,000 $480,000 $13,685 3.17%

    Pinnacle Lending Group lent most frequently to those with DTI ratios of 20-30%, with 107 originations. The next most common DTI ratio? 30-36%, with 103 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 511 $154,225,000 $301,810 $5,321 2.99%
    Not provided 78 $22,540,000 $288,974 $4,864 3.13%
    Asian 58 $19,490,000 $336,034 $4,598 3.03%
    Black 53 $16,045,000 $302,736 $6,862 2.91%
    American Indian 3 $975,000 $325,000 $4,301 3.62%
    Native Hawaiian or Islander 3 $945,000 $315,000 $6,793 2.87%
    Filipino 2 $370,000 $185,000 $5,787 3.31%
    Asian Indian 1 $365,000 $365,000 $3,458 3.25%
    Other Asian 1 $215,000 $215,000 $4,534 2.50%

    Approval Rates

    Total approvals of all applications
    95.31%

    Pinnacle Lending Group 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
    66.90%

    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 710 $215,170,000 $303,056

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    710 $215,170,000 $303,056

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 34 $7,120,000 $209,412 $3,205 2.86%
    40-60% 94 $23,090,000 $245,638 $3,582 2.90%
    60-80% 308 $93,480,000 $303,506 $4,737 3.09%
    80-100% 257 $83,635,000 $325,428 $6,088 2.98%
    Over 100% 16 $7,470,000 $466,875 $18,680 2.62%
    Under 20% 1 $375,000 $375,000 $8,195 3.38%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Pinnacle Lending Group, Inc. Conventional home mortgage Closing on a mortgage 1 100.0%