Pinnacle Lending Group Mortgage Rates, Fees & Info

LAS VEGAS, NV

LEI: 5493005T6ET3508ZXP66

Tax ID: 20-4095036

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Mortgage Data

Review & Overview

Pinnacle Lending Group is a smaller mortgage company specializing in Refi and 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, Pahrump, Los Angeles, and Reno among others. We have data for 13 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% 12/7/24
30 Year Conventional Refi 6.78% 12/7/24
30 Year Cash-out Refi 6.88% 12/7/24
30 Year FHA Purchase 7.64% 12/7/24
30 Year FHA Refi 7.30% 12/7/24
30 Year VA Purchase 14.43% 12/7/24
30 Year VA Refi 6.20% 12/7/24
30 Year USDA Purchase 6.53% 12/7/24
15 Year Conventional Refi 6.56% 12/7/24
15 Year Cash-out Refi 6.56% 12/7/24
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

940

Origination Dollar Volume (All Markets)

$265,760,000

Awards

PINNACLE LENDING GROUP FHA Loans gold PINNACLE LENDING GROUP VA Loans silver PINNACLE LENDING GROUP FHA Loans gold PINNACLE LENDING GROUP VA Loans gold
Show all (4) 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) 857 $241,565,000 $281,873 $4,944 3.04%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 41 $11,975,000 $292,073 $5,543 3.04%
Pahrump, NV (FHA|USDA|VA) 10 $1,840,000 $184,000 $4,595 2.79%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 4 $1,750,000 $437,500 $4,500 3.06%
RENO, NV (FHA|USDA|VA) 5 $1,735,000 $347,000 $4,221 2.65%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 6 $1,710,000 $285,000 $4,426 3.40%
TUCSON, AZ (FHA|USDA|VA) 4 $1,480,000 $370,000 $4,772 2.47%
Fernley, NV (FHA|USDA|VA) 4 $920,000 $230,000 $6,357 2.97%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $780,000 $390,000 $6,658 2.62%
Gardnerville Ranchos, NV (FHA|USDA|VA) 2 $780,000 $390,000 $3,571 3.00%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $740,000 $370,000 $13,325 3.13%
Nogales, AZ (FHA|USDA|VA) 2 $260,000 $130,000 $6,706 3.06%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $225,000 $225,000 $3,340 2.75%
Pinnacle Lending Group's top markets include Las Vegas, Phoenix, Pahrump, Los Angeles, and Reno among others.

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 689 $189,475,000 $275,000 $4,018 3.12%
    FHA 130 $34,440,000 $264,923 $7,647 2.87%
    VA 121 $41,845,000 $345,826 $7,587 2.68%

    For 2020, Pinnacle Lending Group's most frequently originated type of loan was Conventional, with 689 originations. Their 2nd most popular type was FHA, with 130 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 447 $122,505,000 $274,060 $4,002 2.95%
    Home Purchase 340 $103,090,000 $303,206 $6,474 3.09%
    Cash Out Refi 153 $40,165,000 $262,516 $4,637 3.12%

    For 2020, Pinnacle Lending Group's most frequently cited loan purpose was Refi, with 447 originations. The 2nd most popular reason was Home Purchase, with 340 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 861 $247,215,000 $287,125 $5,071 3.06%
    15 Year 51 $11,195,000 $219,510 $3,732 2.70%
    20 Year 19 $4,985,000 $262,368 $4,816 2.83%
    10 Year 4 $860,000 $215,000 $3,696 2.16%
    Other 4 $1,030,000 $257,500 $4,820 3.13%
    30+ year 1 $475,000 $475,000 $4,329 2.63%

    For 2020, Pinnacle Lending Group's most frequently cited loan duration was 30 Year, with 861 originations. The 2nd most popular length was 15 Year, with 51 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 934 $264,230,000 $282,901
    $<1k 3 $725,000 $241,667
    $5k+ 2 $510,000 $255,000

    Pinnacle Lending Group's average total fees were $5,071, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 934 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 376 $103,130,000 $274,282
    3-4% 353 $99,935,000 $283,102
    <2.5% 177 $54,565,000 $308,277
    4-5% 33 $7,925,000 $240,152
    5-6% 1 $205,000 $205,000

    During 2020, Pinnacle Lending Group's average interest rate for loans was 3.06%, while their most frequently originated rate bucket for loans was 2.5-3%, with 376 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 610 $173,350,000 $284,180 $5,122 3.03%
    $100k-200k 186 $29,000,000 $155,914 $3,728 3.08%
    $400k-600k 121 $56,305,000 $465,331 $6,242 2.96%
    $100,000 or less 14 $1,140,000 $81,429 $3,313 3.21%
    $600k-1MM 9 $5,965,000 $662,778 $6,857 2.83%

    2020 saw Pinnacle Lending Group place emphasis on $200k-400k loans with 610 originations, totaling $173,350,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 237 $57,075,000 $240,823 $4,742 2.90%
    $50k-75k 220 $54,670,000 $248,500 $5,091 3.01%
    $75k-100k 178 $50,200,000 $282,022 $5,062 3.10%
    $100k-150k 175 $58,565,000 $334,657 $5,368 3.16%
    $150k-250k 87 $28,975,000 $333,046 $4,620 3.02%
    $250k+ 43 $16,275,000 $378,488 $4,515 3.06%

    Pinnacle Lending Group lent most frequently to those with incomes in the $50k or less range, with 237 originations. The second most popular income band? $50k-75k, with 220 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 158 $43,830,000 $277,405 $4,642 3.02%
    20-30% 110 $29,810,000 $271,000 $3,926 2.96%
    <20% 71 $20,215,000 $284,718 $3,890 3.00%
    50-60% 59 $16,935,000 $287,034 $8,891 2.81%
    44% 53 $14,715,000 $277,642 $5,239 3.17%
    43% 46 $12,410,000 $269,783 $5,159 3.22%
    39% 44 $12,740,000 $289,545 $5,972 3.01%
    38% 44 $11,440,000 $260,000 $5,265 3.23%
    45% 38 $10,460,000 $275,263 $4,592 3.05%
    42% 36 $11,120,000 $308,889 $5,003 3.18%
    40% 33 $8,825,000 $267,424 $5,132 3.06%
    46% 31 $9,145,000 $295,000 $5,371 3.00%
    48% 31 $8,405,000 $271,129 $4,493 3.40%
    49% 27 $8,355,000 $309,444 $4,892 3.05%
    41% 26 $6,770,000 $260,385 $4,552 3.08%
    37% 26 $7,820,000 $300,769 $4,034 3.11%
    36% 22 $5,590,000 $254,091 $4,155 3.12%
    47% 21 $6,245,000 $297,381 $5,654 3.21%
    >60% 2 $650,000 $325,000 $9,023 2.69%

    Pinnacle Lending Group lent most frequently to those with DTI ratios of 30-36%, with 158 originations. The next most common DTI ratio? 20-30%, with 110 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 669 $190,355,000 $284,537 $5,017 3.00%
    Asian 100 $28,570,000 $285,700 $4,708 3.10%
    Not provided 92 $23,920,000 $260,000 $4,588 3.09%
    Black 61 $17,285,000 $283,361 $5,727 3.12%
    Native Hawaiian or Islander 12 $3,260,000 $271,667 $4,842 3.08%
    Filipino 3 $1,205,000 $401,667 $5,504 3.33%
    American Indian 3 $1,165,000 $388,333 $4,462 3.25%

    Approval Rates

    Total approvals of all applications
    97.86%

    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
    74.15%

    Pinnacle Lending Group has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    3030.0 1 $355,000 $355,000
    NA 939 $265,405,000 $282,646

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 940 $265,760,000 $282,723

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 28 $3,850,000 $137,500 $3,114 2.81%
    40-60% 118 $26,140,000 $221,525 $3,578 2.97%
    60-80% 347 $97,475,000 $280,908 $4,328 3.10%
    80-100% 417 $128,825,000 $308,933 $5,624 3.02%
    Over 100% 28 $9,320,000 $332,857 $11,779 2.79%
    Under 20% 2 $150,000 $75,000 $3,241 2.75%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    PINNACLE FINANCIAL PARTNERS, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    PINNACLE FINANCIAL PARTNERS, INC. Conventional home mortgage Trouble during payment process 1 25.0%
    PINNACLE FINANCIAL PARTNERS, INC. FHA mortgage Incorrect information on your report 1 25.0%
    PINNACLE FINANCIAL PARTNERS, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%