Pinnacle Lending Group Mortgage Rates, Fees & Info
LAS VEGAS, NVLEI: 5493005T6ET3508ZXP66
Tax ID: 20-4095036
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Mortgage Data
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.
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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
710Origination Dollar Volume (All Markets)
$215,170,000Awards
PINNACLE LENDING GROUP - 2021
PINNACLE LENDING GROUP is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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% |
Similar Lenders
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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
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
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
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
2021 saw Pinnacle Lending Group place emphasis on $200k-400k loans with 437 originations, totaling $126,165,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications95.31%
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 origination66.90%
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 |
LTV Distribution
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% |
