Pinnacle Lending Group Mortgage Rates, Fees & Info

LAS VEGAS, NV

LEI: 5493005T6ET3508ZXP66

Tax ID: 20-4095036

3.5 stars - Updated: 7/14/24 - out of 5 stars, based on 14 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

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. Their top markets by origination volume include: Las Vegas, Pahrump, Phoenix, Houston, and San Francisco among others. We have data for 26 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 a high 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 relatively high 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% 7/14/24
30 Year Conventional Refi 6.78% 7/14/24
30 Year Cash-out Refi 6.88% 7/14/24
30 Year FHA Purchase 7.64% 7/14/24
30 Year FHA Refi 7.30% 7/14/24
30 Year VA Purchase 14.43% 7/14/24
30 Year VA Refi 6.20% 7/14/24
30 Year USDA Purchase 6.53% 7/14/24
15 Year Conventional Refi 6.56% 7/14/24
15 Year Cash-out Refi 6.56% 7/14/24
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.

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

208

Origination Dollar Volume (All Markets)

$73,460,000

Awards

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

Relative Rate

Pinnacle Lending Group's average 30 year fixed mortgage rate was 6.61%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.13%.

Relative Fees (Closing Costs)

Pinnacle Lending Group's average total fees/closing costs for a 30 year fixed rate mortgage were $10,190.

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 $9,089.

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) 165 $59,785,000 $362,333 $10,198 6.57%
Pahrump, NV (FHA|USDA|VA) 7 $2,365,000 $337,857 $8,732 6.84%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 4 $1,740,000 $435,000 $11,142 6.59%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 7 $1,715,000 $245,000 $9,855 6.82%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $875,000 $875,000 $19,420 7.50%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $825,000 $275,000 $12,126 6.63%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $515,000 $515,000 $13,341 6.12%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $495,000 $495,000 $11,557 7.99%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $460,000 $230,000 $6,664 7.06%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $445,000 $445,000 $17,753 6.50%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $405,000 $405,000 $0 8.13%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $385,000 $385,000 $20,073 6.13%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $365,000 $365,000 $5,069 7.88%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $355,000 $355,000 $11,811 6.63%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $335,000 $335,000 $17,225 5.38%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $325,000 $325,000 $11,499 5.63%
Fernley, NV (FHA|USDA|VA) 1 $265,000 $265,000 $8,368 6.99%
KNOXVILLE, TN (FHA|USDA|VA) 1 $255,000 $255,000 $12,649 6.75%
Winnemucca, NV (FHA|USDA|VA) 1 $245,000 $245,000 $6,711 7.38%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $235,000 $235,000 $10,939 6.75%
Outside of Metro Areas 1 $205,000 $205,000 $4,655 7.25%
Show Low, AZ (FHA|USDA|VA) 1 $205,000 $205,000 $7,644 7.13%
Clearlake, CA (FHA|USDA|VA) 1 $185,000 $185,000 $8,174 5.75%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $185,000 $185,000 $5,353 5.99%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $155,000 $155,000 $3,339 6.13%
VICTORIA, TX (FHA|USDA|VA) 1 $135,000 $135,000 $6,743 7.13%
Pinnacle Lending Group's top markets include Las Vegas, Pahrump, Phoenix, Houston, and San Francisco among others.

Their top states include:
  • Nevada (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • California (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.

    Cathay Bank
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    CREDIT UNION WEST
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    NEST HOME LENDING, LLC
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    Canyon State Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 126 $42,570,000 $337,857 $8,061 6.79%
    FHA 61 $20,825,000 $341,393 $13,008 6.28%
    VA 21 $10,065,000 $479,286 $14,680 6.49%

    For 2023, Pinnacle Lending Group's most frequently originated type of loan was Conventional, with 126 originations. Their 2nd most popular type was FHA, with 61 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 199 $71,225,000 $357,915 $10,264 6.61%
    Refi 6 $1,450,000 $241,667 $7,455 6.50%
    Cash Out Refi 3 $785,000 $261,667 $10,819 7.00%

    For 2023, Pinnacle Lending Group's most frequently cited loan purpose was Home Purchase, with 199 originations. The 2nd most popular reason was Refi, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 208 $73,460,000 $353,173 $10,190 6.61%

    For 2023, Pinnacle Lending Group's most frequently cited loan duration was 30 Year, with 208 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 95 $37,485,000 $394,579
    $1k-2k 52 $18,010,000 $346,346
    $3k-4k 24 $7,340,000 $305,833
    $2k-3k 17 $4,995,000 $293,824
    $4k-5k 17 $5,095,000 $299,706
    $<1k 3 $535,000 $178,333

    Pinnacle Lending Group's average total fees were $10,190, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 95 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 102 $36,010,000 $353,039
    5-6% 50 $16,930,000 $338,600
    7-8% 49 $17,985,000 $367,041
    Over 8% 5 $1,935,000 $387,000
    4-5% 2 $600,000 $300,000

    During 2023, Pinnacle Lending Group's average interest rate for loans was 6.61%, while their most frequently originated rate bucket for loans was 6-7%, with 102 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 114 $35,140,000 $308,246 $9,785 6.56%
    $400k-600k 47 $21,825,000 $464,362 $12,441 6.64%
    $100k-200k 31 $4,975,000 $160,484 $5,710 6.59%
    $600k-1MM 15 $10,335,000 $689,000 $13,170 6.95%
    $1MM+ 1 $1,185,000 $1,185,000 $47,018 6.88%

    2023 saw Pinnacle Lending Group place emphasis on $200k-400k loans with 114 originations, totaling $35,140,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 56 $20,830,000 $371,964 $10,453 6.65%
    $50k-75k 43 $11,915,000 $277,093 $9,134 6.33%
    $75k-100k 43 $14,535,000 $338,023 $11,629 6.44%
    $150k-250k 35 $16,545,000 $472,714 $10,710 6.87%
    $50k or less 18 $3,250,000 $180,556 $6,730 6.45%
    $250k+ 13 $6,385,000 $491,154 $11,208 7.46%

    Pinnacle Lending Group lent most frequently to those with incomes in the $100k-150k range, with 56 originations. The second most popular income band? $50k-75k, with 43 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 29 $12,535,000 $432,241 $14,283 6.33%
    30-36% 21 $7,335,000 $349,286 $11,305 6.89%
    42% 18 $5,510,000 $306,111 $9,340 6.50%
    49% 18 $5,000,000 $277,778 $8,293 6.68%
    46% 14 $4,630,000 $330,714 $10,689 6.56%
    20-30% 13 $3,885,000 $298,846 $6,792 6.83%
    48% 12 $3,750,000 $312,500 $9,706 6.34%
    36% 10 $4,330,000 $433,000 $8,310 6.87%
    45% 10 $4,410,000 $441,000 $10,227 6.85%
    47% 9 $3,755,000 $417,222 $12,688 6.58%
    41% 9 $2,915,000 $323,889 $10,560 6.58%
    43% 9 $3,125,000 $347,222 $9,926 6.19%
    38% 8 $2,120,000 $265,000 $8,497 7.14%
    44% 7 $2,235,000 $319,286 $8,744 6.45%
    >60% 5 $2,255,000 $451,000 $9,397 6.12%
    37% 5 $1,685,000 $337,000 $8,681 6.75%
    39% 5 $1,895,000 $379,000 $10,773 6.90%
    40% 3 $885,000 $295,000 $6,540 7.00%
    <20% 3 $1,205,000 $401,667 $5,251 6.50%

    Pinnacle Lending Group lent most frequently to those with DTI ratios of 50-60%, with 29 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 125 $42,465,000 $339,720 $9,069 6.66%
    Not provided 37 $13,395,000 $362,027 $12,156 6.56%
    Black 26 $11,240,000 $432,308 $12,744 6.35%
    Asian 14 $4,490,000 $320,714 $9,667 6.89%
    American Indian 4 $1,180,000 $295,000 $9,898 6.44%
    Other Asian 2 $690,000 $345,000 $14,411 6.50%

    Approval Rates

    Total approvals of all applications
    93.79%

    Pinnacle Lending Group has an average approval rate.

    Pick Rate

    Approvals leading to origination
    67.31%

    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 208 $73,460,000 $353,173

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    208 $73,460,000 $353,173

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $2,210,000 $157,857 $4,946 6.35%
    40-60% 14 $3,860,000 $275,714 $5,576 6.49%
    60-80% 43 $13,435,000 $312,442 $8,402 6.89%
    80-100% 130 $50,000,000 $384,615 $11,010 6.57%
    Over 100% 7 $3,955,000 $565,000 $25,424 6.41%