Pyramid Mortgage Rates, Fees & Info

Tucson, AZ

LEI: 54930083FPG64S0CPC15

Tax ID: 86-0049558

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Mortgage Data

Review & Overview

Pyramid is a smaller mortgage company specializing in Cash Out Refi loans. Pyramid has a high proportion of conventional loans. Their top markets by origination volume include: Tucson, Phoenix, and Sierra Vista among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

Pyramid has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.

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Originations

120

Origination Dollar Volume (All Markets)

$9,250,000

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
TUCSON, AZ (FHA|USDA|VA) 115 $8,975,000 $78,043 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $195,000 $65,000 $0 0.00%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 2 $80,000 $40,000 $0 0.00%
Pyramid's top markets include Tucson, Phoenix, and Sierra Vista among others.

Their top states include:
  • Arizona (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 120 $9,250,000 $77,083 $0 0.00%

    For 2023, Pyramid's most frequently originated type of loan was Conventional, with 120 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 117 $8,745,000 $74,744 $0 0.00%
    Home Purchase 2 $240,000 $120,000 $0 0.00%
    Refi 1 $265,000 $265,000 $0 0.00%

    For 2023, Pyramid's most frequently cited loan purpose was Cash Out Refi, with 117 originations. The 2nd most popular reason was Home Purchase, with 2 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 120 $9,250,000 $77,083 $0 0.00%

    For 2023, Pyramid's most frequently cited loan duration was Other, with 120 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 94 $4,650,000 $49,468 $0 0.00%
    $100k-200k 17 $2,315,000 $136,176 $0 0.00%
    $200k-400k 8 $1,880,000 $235,000 $0 0.00%
    $400k-600k 1 $405,000 $405,000 $0 0.00%

    2023 saw Pyramid place emphasis on $100,000 or less loans with 94 originations, totaling $4,650,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 30 $1,780,000 $59,333 $0 0.00%
    $75k-100k 29 $1,835,000 $63,276 $0 0.00%
    $150k-250k 22 $2,070,000 $94,091 $0 0.00%
    $50k or less 18 $1,230,000 $68,333 $0 0.00%
    $100k-150k 15 $1,235,000 $82,333 $0 0.00%
    $250k+ 6 $1,100,000 $183,333 $0 0.00%

    Pyramid lent most frequently to those with incomes in the $50k-75k range, with 30 originations. The second most popular income band? $75k-100k, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 120 $9,250,000 $77,083 $0 0.00%

    Pyramid lent most frequently to those with DTI ratios of Exempt%, with 120 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 109 $8,145,000 $74,725 $0 0.00%
    Asian 3 $415,000 $138,333 $0 0.00%
    Black 5 $405,000 $81,000 $0 0.00%
    American Indian 2 $160,000 $80,000 $0 0.00%
    Native Hawaiian or Islander 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.26%

    Pyramid has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.67%

    Pyramid has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 120 $9,250,000 $77,083

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    120 $9,250,000 $77,083