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. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Las Vegas, Phoenix, Pahrump, Riverside, and San Diego among others. We have data for 9 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
30 Year Conventional Purchase | 6.89% | 12/5/24 |
30 Year Conventional Refi | 6.78% | 12/5/24 |
30 Year Cash-out Refi | 6.88% | 12/5/24 |
30 Year FHA Purchase | 7.64% | 12/5/24 |
30 Year FHA Refi | 7.30% | 12/5/24 |
30 Year VA Purchase | 14.43% | 12/5/24 |
30 Year VA Refi | 6.20% | 12/5/24 |
30 Year USDA Purchase | 6.53% | 12/5/24 |
15 Year Conventional Refi | 6.56% | 12/5/24 |
15 Year Cash-out Refi | 6.56% | 12/5/24 |
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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
525Origination Dollar Volume (All Markets)
$148,635,000PINNACLE LENDING GROUP - 2019
PINNACLE LENDING GROUP is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 494 | $140,100,000 | $283,603 | $4,935 | 4.28% |
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 11 | $2,935,000 | $266,818 | $3,817 | 4.49% |
Pahrump, NV (FHA|USDA|VA) | 7 | $1,575,000 | $225,000 | $3,118 | 4.11% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 4 | $1,160,000 | $290,000 | $0 | 4.25% |
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $0 | 4.81% |
RENO, NV (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $6,396 | 4.25% |
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $11,484 | 5.13% |
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $4,945 | 4.94% |
TUCSON, AZ (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $2,799 | 4.56% |
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.
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Product Mix
For 2019, Pinnacle Lending Group's most frequently originated type of loan was Conventional, with 319 originations. Their 2nd most popular type was FHA, with 120 originations.
Loan Reason
For 2019, Pinnacle Lending Group's most frequently cited loan purpose was Home Purchase, with 351 originations. The 2nd most popular reason was Refi, with 105 originations.
Loan Duration/Length
For 2019, Pinnacle Lending Group's most frequently cited loan duration was 30 Year, with 502 originations. The 2nd most popular length was 15 Year, with 15 originations.
Origination Fees/Closing Costs
Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
---|---|---|---|
$1k-2k | 266 | $75,610,000 | $284,248 |
$<1k | 2 | $360,000 | $180,000 |
Pinnacle Lending Group's average total fees were $4,909, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 266 originations.
Interest Rates
During 2019, Pinnacle Lending Group's average interest rate for loans was 4.31%, while their most frequently originated rate bucket for loans was 4-5%, with 257 originations.
Loan Sizing
2019 saw Pinnacle Lending Group place emphasis on $200k-400k loans with 369 originations, totaling $104,645,000 in origination value.
Applicant Income
Pinnacle Lending Group lent most frequently to those with incomes in the $50k-75k range, with 138 originations. The second most popular income band? $50k or less, with 120 originations.
Applicant Debt to Income Ratio
Pinnacle Lending Group lent most frequently to those with DTI ratios of 30-36%, with 70 originations. The next most common DTI ratio? 20-30%, with 53 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.77%
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 origination83.81%
Pinnacle Lending Group has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
0.0 | 3 | $595,000 | $198,333 |
1690.0 | 50 | $14,270,000 | $285,400 |
2152.5 | 1 | $185,000 | $185,000 |
2995.0 | 1 | $345,000 | $345,000 |
3062.44 | 1 | $135,000 | $135,000 |
3290.0 | 1 | $185,000 | $185,000 |
341.05 | 1 | $185,000 | $185,000 |
4282.5 | 1 | $335,000 | $335,000 |
4684.0 | 1 | $485,000 | $485,000 |
6098.69 | 1 | $255,000 | $255,000 |
7979.16 | 1 | $695,000 | $695,000 |
NA | 463 | $130,965,000 | $282,862 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
Single Family (1-4 Units):Manufactured | 4 | $550,000 | $137,500 |
Single Family (1-4 Units):Site-Built | 521 | $148,085,000 | $284,232 |
LTV Distribution
Complaints
Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
Pinnacle Lending Group, Inc. | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |