Pinnacle Lending Group Mortgage Rates, Fees & Info

LAS VEGAS, NV

LEI: 5493005T6ET3508ZXP66

Tax ID: 20-4095036

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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. Their top markets by origination volume include: Las Vegas, Phoenix, Gardnerville Ranchos, and Pahrump among others. We have data for 5 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% 4/18/24
    30 Year Conventional Refi 6.78% 4/18/24
    30 Year Cash-out Refi 6.88% 4/18/24
    30 Year FHA Purchase 7.64% 4/18/24
    30 Year FHA Refi 7.30% 4/18/24
    30 Year VA Purchase 14.43% 4/18/24
    30 Year VA Refi 6.20% 4/18/24
    30 Year USDA Purchase 6.53% 4/18/24
    15 Year Conventional Refi 6.56% 4/18/24
    15 Year Cash-out Refi 6.56% 4/18/24
    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

    248

    Origination Dollar Volume (All Markets)

    $66,260,000

    Awards

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

    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) 239 $64,335,000 $269,184 $5,147 4.86%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 4 $820,000 $205,000 $4,085 5.31%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $515,000 $515,000 $9,952 5.38%
    Pahrump, NV (FHA|USDA|VA) 3 $495,000 $165,000 $3,668 5.13%
    Outside of Metro Areas 1 $95,000 $95,000 $2,280 5.13%
    Pinnacle Lending Group's top markets include Las Vegas, Phoenix, Gardnerville Ranchos, and Pahrump among others.

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

    Nevada Mortgage Inc.
    Similarity Rank: 363
    ONE NEVADA CREDIT UNION
    Similarity Rank: 700
    IAPPROVE LENDING
    Similarity Rank: 816
    Credit Union 1
    Similarity Rank: 944
    SILVER STATE SCHOOLS SERVICE COMPANY, LLC
    Similarity Rank: 1002
    VANTAGE WEST
    Similarity Rank: 1113
    First Credit Union
    Similarity Rank: 1176
    CREDIT UNION WEST
    Similarity Rank: 1314
    First Federal Bank of Kansas City
    Similarity Rank: 1372
    PINNACLE LENDING GROUP, INC.
    Similarity Rank: 1425

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 136 $37,160,000 $273,235 $5,280 4.99%
    FHA 67 $16,125,000 $240,672 $4,252 4.76%
    VA 45 $12,975,000 $288,333 $5,929 4.69%

    For 2018, Pinnacle Lending Group's most frequently originated type of loan was Conventional, with 136 originations. Their 2nd most popular type was FHA, with 67 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 200 $53,990,000 $269,950 $5,241 4.87%
    Cash Out Refi 32 $7,680,000 $240,000 $4,755 4.89%
    Refi 16 $4,590,000 $286,875 $4,337 4.87%

    For 2018, Pinnacle Lending Group's most frequently cited loan purpose was Home Purchase, with 200 originations. The 2nd most popular reason was Cash Out Refi, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 245 $65,505,000 $267,367 $5,099 4.88%
    15 Year 2 $500,000 $250,000 $4,477 4.50%
    20 Year 1 $255,000 $255,000 $11,647 4.50%

    For 2018, Pinnacle Lending Group's most frequently cited loan duration was 30 Year, with 245 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 246 $65,740,000 $267,236
    $<1k 2 $520,000 $260,000

    Pinnacle Lending Group's average total fees were $5,099, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 246 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 164 $43,640,000 $266,098
    5-6% 71 $19,065,000 $268,521
    3-4% 11 $2,925,000 $265,909
    6-7% 2 $630,000 $315,000

    During 2018, Pinnacle Lending Group's average interest rate for loans was 4.88%, while their most frequently originated rate bucket for loans was 4-5%, with 164 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 173 $47,335,000 $273,613 $5,011 4.85%
    $100k-200k 51 $8,135,000 $159,510 $4,092 4.96%
    $400k-600k 21 $9,775,000 $465,476 $8,514 4.87%
    $100,000 or less 2 $190,000 $95,000 $3,874 4.88%
    $600k-1MM 1 $825,000 $825,000 $7,599 5.13%

    2018 saw Pinnacle Lending Group place emphasis on $200k-400k loans with 173 originations, totaling $47,335,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 75 $17,735,000 $236,467 $4,625 4.83%
    $75k-100k 58 $16,260,000 $280,345 $5,308 4.96%
    $100k-150k 49 $15,665,000 $319,694 $6,134 4.88%
    $50k or less 46 $8,690,000 $188,913 $3,932 4.85%
    $150k-250k 13 $5,645,000 $434,231 $7,679 4.83%
    $250k+ 7 $2,265,000 $323,571 $4,828 4.88%

    Pinnacle Lending Group lent most frequently to those with incomes in the $50k-75k range, with 75 originations. The second most popular income band? $75k-100k, with 58 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 34 $8,370,000 $246,176 $4,791 4.76%
    30-36% 28 $7,360,000 $262,857 $5,218 4.79%
    50-60% 20 $5,570,000 $278,500 $5,841 4.86%
    48% 19 $5,425,000 $285,526 $4,994 4.90%
    42% 16 $4,470,000 $279,375 $5,962 5.03%
    47% 14 $3,310,000 $236,429 $4,942 4.96%
    44% 13 $3,755,000 $288,846 $5,407 4.91%
    45% 13 $3,265,000 $251,154 $4,349 4.77%
    49% 12 $2,930,000 $244,167 $4,737 4.99%
    40% 12 $3,210,000 $267,500 $4,936 4.82%
    41% 9 $2,645,000 $293,889 $5,466 4.76%
    36% 9 $2,475,000 $275,000 $5,573 4.83%
    43% 8 $2,300,000 $287,500 $4,558 5.08%
    38% 8 $2,060,000 $257,500 $4,404 5.13%
    37% 8 $3,240,000 $405,000 $7,891 4.83%
    46% 8 $1,760,000 $220,000 $4,562 4.92%
    39% 8 $1,990,000 $248,750 $4,097 4.97%
    <20% 6 $1,450,000 $241,667 $4,027 4.88%
    >60% 2 $430,000 $215,000 $6,376 5.00%

    Pinnacle Lending Group lent most frequently to those with DTI ratios of 20-30%, with 34 originations. The next most common DTI ratio? 30-36%, with 28 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 172 $45,780,000 $266,163 $5,132 4.83%
    Asian 32 $7,730,000 $241,563 $4,899 5.11%
    Black 26 $7,040,000 $270,769 $5,274 4.84%
    Not provided 16 $5,150,000 $321,875 $4,978 4.91%
    Native Hawaiian or Islander 2 $560,000 $280,000 $6,765 4.88%

    Approval Rates

    Total approvals of all applications
    95.13%

    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
    81.85%

    Pinnacle Lending Group has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 248 $66,260,000 $267,177

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $145,000 $145,000
    Single Family (1-4 Units):Site-Built 247 $66,115,000 $267,672

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 20 $3,910,000 $195,500 $4,434 5.00%
    60-80% 53 $14,855,000 $280,283 $5,574 4.88%
    80-100% 161 $43,565,000 $270,590 $4,823 4.86%
    Over 100% 14 $3,930,000 $280,714 $7,794 4.80%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    PINNACLE FINANCIAL PARTNERS, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    PINNACLE FINANCIAL PARTNERS, INC. Conventional home mortgage Struggling to pay mortgage 1 33.3%
    PINNACLE FINANCIAL PARTNERS, INC. Other type of mortgage Trouble during payment process 1 33.3%