Pyramid Mortgage Rates, Fees & Info

Tucson, AZ

LEI: 54930083FPG64S0CPC15

Tax ID: 86-0049558

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Pyramid is a smaller mortgage company specializing in Refi and Cash Out Refi loans. Pyramid has a high proportion of conventional loans. Their top markets by origination volume include: Tucson, Phoenix, Sierra Vista, and Nogales among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Pyramid 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. Pyramid 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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    Originations

    119

    Origination Dollar Volume (All Markets)

    $11,975,000

    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) 113 $11,445,000 $101,283 $1,391 4.68%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $390,000 $195,000 $1,013 4.63%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 3 $105,000 $35,000 $2,424 4.58%
    Nogales, AZ (FHA|USDA|VA) 1 $35,000 $35,000 $690 5.25%
    Pyramid's top markets include Tucson, Phoenix, Sierra Vista, and Nogales among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 119 $11,975,000 $100,630 $1,405 4.68%

    For 2018, Pyramid's most frequently originated type of loan was Conventional, with 119 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 68 $7,160,000 $105,294 $1,076 4.28%
    Cash Out Refi 33 $3,005,000 $91,061 $1,382 5.16%
    Home Purchase 8 $1,320,000 $165,000 $5,118 4.56%
    Home Improvement 8 $370,000 $46,250 $745 5.98%
    Other 2 $120,000 $60,000 $749 5.75%

    For 2018, Pyramid's most frequently cited loan purpose was Refi, with 68 originations. The 2nd most popular reason was Cash Out Refi, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 71 $8,155,000 $114,859 $1,204 4.33%
    10 Year 36 $1,920,000 $53,333 $902 5.33%
    30 Year 10 $1,750,000 $175,000 $4,763 4.70%
    Other 2 $150,000 $75,000 $778 5.25%

    For 2018, Pyramid's most frequently cited loan duration was 15 Year, with 71 originations. The 2nd most popular length was 10 Year, with 36 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 7 $1,075,000 $153,571
    $1k-2k 2 $70,000 $35,000
    $3k-4k 2 $410,000 $205,000
    $4k-5k 2 $630,000 $315,000

    Pyramid's average total fees were $4,763, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 7 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 50 $6,130,000 $122,600
    3-4% 40 $4,240,000 $106,000
    5-6% 19 $1,285,000 $67,632
    6-7% 9 $285,000 $31,667
    7-8% 1 $35,000 $35,000

    During 2018, Pyramid's average interest rate for loans was 4.70%, while their most frequently originated rate bucket for loans was 4-5%, with 50 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 67 $3,485,000 $52,015 $984 4.93%
    $100k-200k 42 $6,080,000 $144,762 $1,685 4.31%
    $200k-400k 10 $2,410,000 $241,000 $3,046 4.56%

    2018 saw Pyramid place emphasis on $100,000 or less loans with 67 originations, totaling $3,485,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 32 $1,670,000 $52,188 $1,156 4.58%
    $50k-75k 31 $3,205,000 $103,387 $1,714 4.68%
    $100k-150k 25 $2,975,000 $119,000 $1,301 4.61%
    $75k-100k 18 $1,830,000 $101,667 $1,004 4.81%
    $150k-250k 8 $1,170,000 $146,250 $1,008 5.06%
    $250k+ 3 $495,000 $165,000 $927 4.50%

    Pyramid lent most frequently to those with incomes in the $50k or less range, with 32 originations. The second most popular income band? $50k-75k, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 37 $4,005,000 $108,243 $1,557 4.69%
    <20% 30 $2,770,000 $92,333 $1,193 4.32%
    30-36% 14 $1,430,000 $102,143 $1,140 4.86%
    36% 9 $915,000 $101,667 $1,777 4.84%
    50-60% 4 $350,000 $87,500 $924 4.98%
    48% 4 $550,000 $137,500 $2,547 5.31%
    49% 4 $550,000 $137,500 $3,016 4.26%
    39% 3 $185,000 $61,667 $833 4.93%
    46% 3 $175,000 $58,333 $773 5.50%
    44% 2 $230,000 $115,000 $1,058 4.63%
    40% 2 $120,000 $60,000 $1,125 4.80%
    42% 2 $160,000 $80,000 $1,040 4.75%
    37% 2 $290,000 $145,000 $808 5.60%
    41% 1 $35,000 $35,000 $995 4.00%
    38% 1 $125,000 $125,000 $995 4.50%
    45% 1 $85,000 $85,000 $995 4.25%

    Pyramid lent most frequently to those with DTI ratios of 20-30%, with 37 originations. The next most common DTI ratio? <20%, with 30 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 105 $10,595,000 $100,905 $1,348 4.62%
    Black 7 $495,000 $70,714 $881 5.46%
    Chinese 2 $310,000 $155,000 $5,013 4.00%
    Asian 2 $290,000 $145,000 $1,103 5.00%
    American Indian 1 $215,000 $215,000 $995 5.80%
    Not provided 2 $70,000 $35,000 $3,139 4.75%

    Approval Rates

    Total approvals of all applications
    95.04%

    Pyramid 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
    89.92%

    Pyramid has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 119 $11,975,000 $100,630

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $125,000 $125,000
    Single Family (1-4 Units):Site-Built 118 $11,850,000 $100,424

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 26 $1,430,000 $55,000 $952 4.80%
    40-60% 21 $2,185,000 $104,048 $1,141 4.25%
    60-80% 43 $5,175,000 $120,349 $1,204 4.44%
    80-100% 14 $2,620,000 $187,143 $3,960 4.47%
    Under 20% 15 $565,000 $37,667 $750 5.95%