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 Cash Out Refi and Refi loans. Pyramid has a high proportion of conventional loans. Their top markets by origination volume include: Tucson, Show Low, Sierra Vista, Nogales, and Phoenix among others. We have data for 5 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 an above average pick rate when compared to similar lenders.

    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

    169

    Origination Dollar Volume (All Markets)

    $19,345,000

    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) 159 $18,075,000 $113,679 $0 0.00%
    Show Low, AZ (FHA|USDA|VA) 2 $540,000 $270,000 $0 0.00%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 2 $290,000 $145,000 $0 0.00%
    Nogales, AZ (FHA|USDA|VA) 2 $230,000 $115,000 $0 0.00%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 4 $210,000 $52,500 $0 0.00%
    Pyramid's top markets include Tucson, Show Low, Sierra Vista, Nogales, and Phoenix among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 169 $19,345,000 $114,467 $0 0.00%

    For 2021, Pyramid's most frequently originated type of loan was Conventional, with 169 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 121 $13,185,000 $108,967 $0 0.00%
    Refi 46 $5,810,000 $126,304 $0 0.00%
    Home Purchase 2 $350,000 $175,000 $0 0.00%

    For 2021, Pyramid's most frequently cited loan purpose was Cash Out Refi, with 121 originations. The 2nd most popular reason was Refi, with 46 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 169 $19,345,000 $114,467 $0 0.00%

    For 2021, Pyramid's most frequently cited loan duration was Other, with 169 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 79 $4,235,000 $53,608 $0 0.00%
    $100k-200k 68 $9,800,000 $144,118 $0 0.00%
    $200k-400k 21 $4,885,000 $232,619 $0 0.00%
    $400k-600k 1 $425,000 $425,000 $0 0.00%

    2021 saw Pyramid place emphasis on $100,000 or less loans with 79 originations, totaling $4,235,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 54 $5,660,000 $104,815 $0 0.00%
    $50k or less 42 $3,850,000 $91,667 $0 0.00%
    $75k-100k 27 $3,905,000 $144,630 $0 0.00%
    $100k-150k 26 $2,890,000 $111,154 $0 0.00%
    $150k-250k 16 $2,300,000 $143,750 $0 0.00%
    $250k+ 4 $740,000 $185,000 $0 0.00%

    Pyramid lent most frequently to those with incomes in the $50k-75k range, with 54 originations. The second most popular income band? $50k or less, with 42 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 169 $19,345,000 $114,467 $0 0.00%

    Pyramid lent most frequently to those with DTI ratios of Exempt%, with 169 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 145 $15,815,000 $109,069 $0 0.00%
    Not provided 17 $2,715,000 $159,706 $0 0.00%
    Black 4 $470,000 $117,500 $0 0.00%
    Asian 2 $250,000 $125,000 $0 0.00%
    American Indian 1 $95,000 $95,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.45%

    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
    92.90%

    Pyramid has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 169 $19,345,000 $114,467

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    169 $19,345,000 $114,467