Pinnacle Lending Group Mortgage Rates, Fees & Info
LAS VEGAS, NVLEI: 5493005T6ET3508ZXP66
Tax ID: 20-4095036
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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 include Las Vegas, Phoenix, Los Angeles, Salt Lake City, and Reno among others. Pinnacle Lending Group has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Pinnacle Lending Group is typically an average fee lendor.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 rate mortgage of loans were
3.04%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.11%.
Relative Fees
Pinnacle Lending Group 's average total fees for a 30 year fixed rate
mortgage are $5,436.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| 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.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average 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 the 2021 period, Pinnacle Lending Group 's most frequently originated loan type of loans were Conventional, with 541 originations. Their 2nd most popular type is FHA, with 97 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average 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 the 2021, Pinnacle Lending Group 's most frequently cited loan purpose of loans were Home Purchase, with 296 originations. The 2nd most popular reason of loans were 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 the 2021, Pinnacle Lending Group 's most frequently cited loan length of loans were 30 Year, with 663 originations. The 2nd most popular length of loans were 15 Year, with 28 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 649 | $194,985,000 | $300,439 |
| $2k-3k | 21 | $6,195,000 | $295,000 |
| $3k-4k | 19 | $5,195,000 | $273,421 |
| $5k+ | 6 | $3,390,000 | $565,000 |
| $<1k | 2 | $720,000 | $360,000 |
$5,436 of loans were Pinnacle Lending Group 's average total fees, while their most frequently occuring range of origination fees 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 of loans were 3.04%, while their most frequently originated rate bucket of loans were 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 | 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 applications96.76%
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 origination74.91%
Pinnacle Lending Group has a below average pick rate.
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% |
