Pinnacle Bank Mortgage Rates, Fees & Info

Nashville, TN

LEI: 549300CDOC4F7XSRG390

Tax ID: 62-1829917

5 stars - Updated: 4/14/24 - out of 5 stars, based on 79 reviews

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

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Mortgage Data

Review & Overview

Pinnacle Bank is a small bank specializing in Home Purchase loans. Pinnacle Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Nashville, Memphis, Knoxville, Charleston, and Charlotte among others. We have data for 189 markets. (Some data included below & more in-depth data is available with an active subscription.)

Pinnacle Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Pinnacle Bank 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 relatively high 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
Home Equity Line of Credit (HELOC) 5.50% 4/14/24
30 Year Conventional Purchase 6.50% 4/14/24
30 Year Conventional Refi 6.39% 4/14/24
30 Year Cash-out Refi 6.61% 4/14/24
30 Year FHA Purchase 7.05% 4/14/24
30 Year VA Purchase 6.19% 4/14/24
30 Year VA Refi 6.27% 4/14/24
30 Year USDA Purchase 6.62% 4/14/24
30 Year USDA Refi 6.68% 4/14/24
15 Year Conventional Purchase 5.92% 4/14/24
15 Year Conventional Refi 6.01% 4/14/24
15 Year Cash-out Refi 6.01% 4/14/24
15 Year VA Purchase 5.68% 4/14/24
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 Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Pinnacle Bank. 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

6,240

Origination Dollar Volume (All Markets)

$2,202,310,000
Show all (15) awards

Relative Rate

Pinnacle Bank's average 30 year fixed mortgage rate was 6.57%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.09%.

Relative Fees (Closing Costs)

Pinnacle Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $5,657.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1,729 $633,405,000 $366,342 $5,842 7.34%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 882 $185,150,000 $209,921 $5,559 6.74%
KNOXVILLE, TN (FHA|USDA|VA) 389 $182,285,000 $468,599 $5,660 7.35%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 227 $155,985,000 $687,159 $4,909 7.68%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 417 $134,265,000 $321,978 $5,801 7.41%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 277 $125,205,000 $452,004 $4,726 7.36%
HUNTSVILLE, AL (FHA|USDA|VA) 90 $79,900,000 $887,778 $4,932 6.30%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 260 $53,150,000 $204,423 $6,530 7.53%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 292 $49,730,000 $170,308 $4,777 7.25%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 52 $43,950,000 $845,192 $4,937 7.45%
RALEIGH-CARY, NC (FHA|USDA|VA) 100 $39,610,000 $396,100 $5,016 7.23%
Outside of Metro Areas 104 $38,110,000 $366,442 $5,385 7.35%
WINSTON-SALEM, NC (FHA|USDA|VA) 211 $36,835,000 $174,573 $3,699 7.15%
Wilson, NC (FHA|USDA|VA) 1 $34,345,000 $34,345,000 $0 7.95%
ROANOKE, VA (FHA|USDA|VA) 130 $27,600,000 $212,308 $4,283 7.02%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 108 $23,420,000 $216,852 $4,977 7.53%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 21 $22,635,000 $1,077,857 $9,656 6.97%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 70 $22,290,000 $318,429 $5,043 7.26%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 91 $21,435,000 $235,549 $4,337 6.48%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 15 $20,875,000 $1,391,667 $5,567 7.19%
BURLINGTON, NC (FHA|USDA|VA) 48 $10,560,000 $220,000 $4,109 6.37%
Tullahoma-Manchester, TN (FHA|USDA|VA) 24 $9,520,000 $396,667 $7,177 7.22%
CLEVELAND, TN (FHA|USDA|VA) 22 $9,160,000 $416,364 $5,115 7.59%
Albemarle, NC (FHA|USDA|VA) 59 $8,655,000 $146,695 $4,093 7.71%
Georgetown, SC (FHA|USDA|VA) 8 $8,330,000 $1,041,250 $6,414 7.25%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 4 $8,080,000 $2,020,000 $6,304 6.59%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 10 $7,140,000 $714,000 $6,870 7.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $6,750,000 $1,687,500 $6,177 7.02%
PANAMA CITY, FL (FHA|USDA|VA) 6 $6,560,000 $1,093,333 $9,475 6.52%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 5 $6,455,000 $1,291,000 $6,546 6.16%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 12 $6,420,000 $535,000 $7,142 7.30%
COLUMBIA, SC (FHA|USDA|VA) 8 $6,020,000 $752,500 $3,657 7.13%
Sevierville, TN (FHA|USDA|VA) 16 $6,000,000 $375,000 $8,121 7.80%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 5 $5,865,000 $1,173,000 $3,214 6.27%
WILMINGTON, NC (FHA|USDA|VA) 14 $5,840,000 $417,143 $5,439 7.54%
SPARTANBURG, SC (FHA|USDA|VA) 37 $5,755,000 $155,541 $5,363 7.43%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 10 $5,200,000 $520,000 $3,820 8.00%
COLUMBUS, OH (FHA|USDA|VA) 2 $5,030,000 $2,515,000 $0 6.36%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 16 $5,020,000 $313,750 $3,755 7.45%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 5 $4,885,000 $977,000 $8,969 6.36%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $4,685,000 $1,561,667 $3,896 6.49%
Shelbyville, TN (FHA|USDA|VA) 28 $4,630,000 $165,357 $4,391 6.94%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $4,510,000 $2,255,000 $5,324 6.50%
Boone, NC (FHA|USDA|VA) 7 $4,285,000 $612,143 $6,898 7.53%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 21 $4,145,000 $197,381 $5,930 6.45%
Kalispell, MT (FHA|USDA|VA) 2 $3,770,000 $1,885,000 $7,903 7.63%
Cookeville, TN (FHA|USDA|VA) 14 $3,500,000 $250,000 $4,450 7.01%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 28 $3,360,000 $120,000 $3,586 6.09%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $3,315,000 $3,315,000 $0 5.55%
LYNCHBURG, VA (FHA|USDA|VA) 20 $3,310,000 $165,500 $4,271 8.11%
Cullman, AL (FHA|USDA|VA) 6 $3,300,000 $550,000 $8,763 7.92%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 5 $3,235,000 $647,000 $6,572 7.35%
Lewisburg, TN (FHA|USDA|VA) 12 $3,180,000 $265,000 $5,853 7.60%
TUSCALOOSA, AL (FHA|USDA|VA) 13 $2,935,000 $225,769 $3,898 6.46%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 12 $2,610,000 $217,500 $4,450 7.75%
Jackson, WY-ID (FHA|USDA|VA) 1 $2,485,000 $2,485,000 $11,744 7.25%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 4 $2,390,000 $597,500 $10,064 6.53%
Morehead City, NC (FHA|USDA|VA) 6 $2,270,000 $378,333 $4,416 6.58%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $2,235,000 $745,000 $10,215 7.13%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 6 $2,170,000 $361,667 $4,675 7.13%
Dayton, TN (FHA|USDA|VA) 7 $2,025,000 $289,286 $6,088 7.16%
Heber, UT (FHA|USDA|VA) 2 $1,990,000 $995,000 $4,727 6.56%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $1,980,000 $990,000 $6,976 6.19%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 4 $1,870,000 $467,500 $5,640 7.34%
Cullowhee, NC (FHA|USDA|VA) 4 $1,730,000 $432,500 $7,367 8.13%
ASHEVILLE, NC (FHA|USDA|VA) 4 $1,680,000 $420,000 $4,941 7.34%
MORRISTOWN, TN (FHA|USDA|VA) 10 $1,590,000 $159,000 $3,919 7.03%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 5 $1,565,000 $313,000 $3,896 7.98%
Oxford, MS (FHA|USDA|VA) 5 $1,535,000 $307,000 $6,722 7.33%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $8,860 5.75%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 5 $1,505,000 $301,000 $4,882 7.25%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 5 $1,455,000 $291,000 $7,505 7.28%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $1,395,000 $465,000 $6,631 7.08%
ST. LOUIS, MO-IL (FHA|USDA|VA) 4 $1,250,000 $312,500 $3,861 6.88%
FAYETTEVILLE, NC (FHA|USDA|VA) 8 $1,210,000 $151,250 $4,155 7.61%
Crossville, TN (FHA|USDA|VA) 7 $1,205,000 $172,143 $5,266 7.89%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $1,155,000 $1,155,000 $20,396 7.50%
BOWLING GREEN, KY (FHA|USDA|VA) 8 $1,150,000 $143,750 $6,044 7.33%
DECATUR, AL (FHA|USDA|VA) 7 $1,095,000 $156,429 $7,670 6.00%
DALTON, GA (FHA|USDA|VA) 7 $1,085,000 $155,000 $3,115 8.13%
BOISE CITY, ID (FHA|USDA|VA) 1 $1,055,000 $1,055,000 $0 6.06%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $1,055,000 $1,055,000 $0 5.81%
Forest City, NC (FHA|USDA|VA) 3 $1,035,000 $345,000 $0 8.17%
AKRON, OH (FHA|USDA|VA) 1 $1,025,000 $1,025,000 $0 5.42%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 3 $965,000 $321,667 $5,325 6.68%
LOUISVILLE, KY (FHA|USDA|VA) 3 $875,000 $291,667 $5,132 6.33%
McMinnville, TN (FHA|USDA|VA) 5 $785,000 $157,000 $5,505 6.60%
Moultrie, GA (FHA|USDA|VA) 1 $755,000 $755,000 $3,059 6.25%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $755,000 $755,000 $6,483 5.88%
Mount Airy, NC (FHA|USDA|VA) 4 $740,000 $185,000 $3,660 6.81%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $740,000 $370,000 $8,042 7.81%
JACKSON, TN (FHA|USDA|VA) 3 $735,000 $245,000 $2,893 6.63%
SALINAS, CA (FHA|USDA|VA) 1 $725,000 $725,000 $6,352 6.88%
JACKSONVILLE, NC (FHA|USDA|VA) 3 $715,000 $238,333 $3,546 7.46%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $700,000 $350,000 $4,466 7.94%
KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $685,000 $228,333 $6,566 6.42%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $630,000 $315,000 $3,260 6.94%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $590,000 $295,000 $3,891 7.19%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 3 $585,000 $195,000 $2,962 6.71%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $580,000 $290,000 $0 8.13%
Brevard, NC (FHA|USDA|VA) 1 $545,000 $545,000 $5,083 7.75%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $545,000 $545,000 $7,817 6.63%
YORK-HANOVER, PA (FHA|USDA|VA) 2 $540,000 $270,000 $0 8.63%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $540,000 $270,000 $6,300 7.56%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $510,000 $255,000 $0 7.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $510,000 $255,000 $0 7.13%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $505,000 $505,000 $0 8.25%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $485,000 $485,000 $8,663 8.13%
ANN ARBOR, MI (FHA|USDA|VA) 1 $475,000 $475,000 $4,693 6.25%
Farmington, MO (FHA|USDA|VA) 1 $455,000 $455,000 $5,713 6.75%
Jefferson, GA (FHA|USDA|VA) 4 $430,000 $107,500 $0 8.75%
Nacogdoches, TX (FHA|USDA|VA) 1 $425,000 $425,000 $5,787 6.25%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $425,000 $425,000 $2,603 6.38%
PROVO-OREM, UT (FHA|USDA|VA) 1 $425,000 $425,000 $2,760 6.63%
SUMTER, SC (FHA|USDA|VA) 2 $420,000 $210,000 $0 7.00%
Corinth, MS (FHA|USDA|VA) 2 $420,000 $210,000 $2,649 7.44%
OCALA, FL (FHA|USDA|VA) 2 $370,000 $185,000 $3,868 6.00%
Greenwood, SC (FHA|USDA|VA) 2 $370,000 $185,000 $0 8.25%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $370,000 $185,000 $3,629 7.63%
SAVANNAH, GA (FHA|USDA|VA) 2 $360,000 $180,000 $13,961 7.38%
Summerville, GA (FHA|USDA|VA) 1 $355,000 $355,000 $10,860 7.00%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $355,000 $355,000 $0 8.50%
TUCSON, AZ (FHA|USDA|VA) 1 $335,000 $335,000 $6,171 6.88%
Jasper, AL (FHA|USDA|VA) 4 $330,000 $82,500 $0 6.78%
Dyersburg, TN (FHA|USDA|VA) 2 $330,000 $165,000 $3,152 6.69%
Statesboro, GA (FHA|USDA|VA) 1 $325,000 $325,000 $12,425 7.25%
REDDING, CA (FHA|USDA|VA) 1 $325,000 $325,000 $2,558 6.75%
COLUMBUS, GA-AL (FHA|USDA|VA) 2 $310,000 $155,000 $6,440 7.00%
Fort Payne, AL (FHA|USDA|VA) 2 $310,000 $155,000 $3,052 6.44%
Washington, NC (FHA|USDA|VA) 1 $305,000 $305,000 $0 7.50%
HOT SPRINGS, AR (FHA|USDA|VA) 1 $305,000 $305,000 $0 8.50%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $305,000 $305,000 $0 7.75%
Marion, OH (FHA|USDA|VA) 3 $305,000 $101,667 $0 6.50%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $300,000 $150,000 $0 6.69%
Shelby, NC (FHA|USDA|VA) 2 $300,000 $150,000 $8,676 6.56%
Tupelo, MS (FHA|USDA|VA) 1 $285,000 $285,000 $3,764 6.63%
Albertville, AL (FHA|USDA|VA) 1 $275,000 $275,000 $4,603 6.88%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $275,000 $275,000 $4,609 6.50%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $275,000 $275,000 $0 8.25%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $265,000 $265,000 $3,183 6.25%
JACKSON, MS (FHA|USDA|VA) 1 $255,000 $255,000 $0 8.50%
MONTGOMERY, AL (FHA|USDA|VA) 1 $255,000 $255,000 $0 8.25%
Madisonville, KY (FHA|USDA|VA) 1 $245,000 $245,000 $0 7.75%
Durango, CO (FHA|USDA|VA) 1 $245,000 $245,000 $3,247 8.75%
Forrest City, AR (FHA|USDA|VA) 1 $245,000 $245,000 $7,325 6.13%
Orangeburg, SC (FHA|USDA|VA) 3 $225,000 $75,000 $0 8.25%
ROCHESTER, MN (FHA|USDA|VA) 1 $215,000 $215,000 $3,018 6.13%
MOBILE, AL (FHA|USDA|VA) 1 $205,000 $205,000 $2,228 7.38%
GREENVILLE, NC (FHA|USDA|VA) 1 $205,000 $205,000 $0 6.50%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $205,000 $205,000 $0 8.50%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $205,000 $205,000 $0 7.75%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 2 $200,000 $100,000 $3,451 7.19%
DeRidder, LA (FHA|USDA|VA) 1 $195,000 $195,000 $2,686 6.25%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $195,000 $195,000 $3,286 6.25%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $190,000 $95,000 $0 6.56%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $185,000 $185,000 $0 7.25%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $185,000 $185,000 $3,624 6.63%
Seneca, SC (FHA|USDA|VA) 2 $180,000 $90,000 $0 8.38%
Marion, IN (FHA|USDA|VA) 1 $175,000 $175,000 $3,955 5.75%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $175,000 $175,000 $0 8.50%
Murray, KY (FHA|USDA|VA) 1 $175,000 $175,000 $2,453 6.88%
SYRACUSE, NY (FHA|USDA|VA) 1 $165,000 $165,000 $6,628 5.88%
Martinsville, VA (FHA|USDA|VA) 1 $165,000 $165,000 $2,647 5.25%
ALBANY, GA (FHA|USDA|VA) 1 $165,000 $165,000 $0 7.75%
Newport, TN (FHA|USDA|VA) 2 $160,000 $80,000 $0 9.00%
GAINESVILLE, GA (FHA|USDA|VA) 2 $160,000 $80,000 $0 8.50%
CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $155,000 $155,000 $2,840 6.25%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $155,000 $155,000 $5,767 7.50%
BRUNSWICK, GA (FHA|USDA|VA) 1 $135,000 $135,000 $0 8.25%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $135,000 $135,000 $3,032 5.38%
TOLEDO, OH (FHA|USDA|VA) 1 $125,000 $125,000 $0 6.13%
Macomb, IL (FHA|USDA|VA) 1 $125,000 $125,000 $6,052 6.25%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $125,000 $125,000 $3,141 6.38%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $125,000 $125,000 $0 7.13%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $115,000 $115,000 $5,239 7.63%
Sanford, NC (FHA|USDA|VA) 1 $115,000 $115,000 $2,951 6.50%
Dublin, GA (FHA|USDA|VA) 1 $115,000 $115,000 $3,437 6.38%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.00%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.25%
Henderson, NC (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.75%
Lawrenceburg, TN (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.75%
Toccoa, GA (FHA|USDA|VA) 1 $95,000 $95,000 $0 8.50%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.25%
Glasgow, KY (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.75%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $75,000 $75,000 $0 8.25%
Athens, TN (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.00%
Greeneville, TN (FHA|USDA|VA) 2 $60,000 $30,000 $0 9.38%
Roanoke Rapids, NC (FHA|USDA|VA) 1 $45,000 $45,000 $2,334 5.88%
Gaffney, SC (FHA|USDA|VA) 1 $45,000 $45,000 $0 8.50%
Pinnacle Bank's top markets include Nashville, Memphis, Knoxville, Charleston, and Charlotte among others.

Their top states include:
  • Tennessee (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
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    We use machine learning to identify the top lenders compared against Pinnacle Bank 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 3,266 $1,621,370,000 $496,439 $4,986 6.42%
    HELOC 2,751 $512,545,000 $186,312 n/a 8.25%
    FHA 166 $47,220,000 $284,458 $10,363 6.22%
    VA 54 $20,620,000 $381,852 $10,638 6.11%
    USDA 3 $555,000 $185,000 $5,505 5.46%

    For 2023, Pinnacle Bank's most frequently originated type of loan was Conventional, with 3,266 originations. Their 2nd most popular type was HELOC, with 2,751 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,122 $1,500,480,000 $480,615 $5,459 6.46%
    Home Improvement 1,310 $193,840,000 $147,969 $4,210 8.19%
    Other 1,142 $243,140,000 $212,907 $5,012 8.18%
    Refi 506 $223,310,000 $441,324 $4,696 7.42%
    Cash Out Refi 160 $41,540,000 $259,625 $5,863 6.60%

    For 2023, Pinnacle Bank's most frequently cited loan purpose was Home Purchase, with 3,122 originations. The 2nd most popular reason was Home Improvement, with 1,310 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,026 $1,113,910,000 $368,113 $5,657 6.57%
    20 Year 2,774 $498,060,000 $179,546 $4,918 8.21%
    30+ year 120 $1,250,000 $10,417 $0 0.00%
    5 Year 89 $344,945,000 $3,875,787 $0 7.04%
    3 Year 76 $82,100,000 $1,080,263 $0 8.29%
    15 Year 56 $29,930,000 $534,464 $6,379 6.19%
    1 Year 42 $15,810,000 $376,429 $0 8.47%
    Other 41 $97,135,000 $2,369,146 $0 7.84%
    10 Year 16 $19,170,000 $1,198,125 $0 6.28%

    For 2023, Pinnacle Bank's most frequently cited loan duration was 30 Year, with 3,026 originations. The 2nd most popular length was 20 Year, with 2,774 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,098 $531,760,000 $484,299
    $1k-2k 520 $145,420,000 $279,654
    $2k-3k 414 $106,090,000 $256,256
    $5k+ 295 $148,475,000 $503,305
    $3k-4k 290 $90,830,000 $313,207
    $4k-5k 156 $55,980,000 $358,846

    Pinnacle Bank's average total fees were $5,657, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,098 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 1,920 $387,800,000 $201,979
    6-7% 1,860 $824,780,000 $443,430
    7-8% 1,492 $637,720,000 $427,426
    5-6% 837 $327,265,000 $390,998
    <2.5% 125 $1,275,000 $10,200
    4-5% 4 $12,760,000 $3,190,000
    3-4% 1 $3,905,000 $3,905,000
    2.5-3% 1 $6,805,000 $6,805,000

    During 2023, Pinnacle Bank's average interest rate for loans was 6.57%, while their most frequently originated rate bucket for loans was Over 8%, with 1,920 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,766 $495,810,000 $280,753 $5,817 7.12%
    $100k-200k 1,730 $233,720,000 $135,098 $4,010 7.43%
    $100,000 or less 1,546 $90,900,000 $58,797 $1,175 7.24%
    $400k-600k 605 $289,395,000 $478,339 $6,949 7.12%
    $600k-1MM 314 $231,910,000 $738,567 $7,053 6.96%
    $1MM+ 279 $860,575,000 $3,084,498 $7,575 6.84%

    2023 saw Pinnacle Bank place emphasis on $200k-400k loans with 1,766 originations, totaling $495,810,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 1,295 $738,835,000 $570,529 $6,451 7.49%
    $150k-250k 1,226 $293,830,000 $239,666 $6,152 7.64%
    $100k-150k 1,123 $225,535,000 $200,833 $5,929 7.50%
    $50k-75k 945 $160,205,000 $169,529 $4,778 6.45%
    $75k-100k 678 $121,700,000 $179,499 $5,549 7.05%
    $50k or less 489 $61,305,000 $125,368 $3,752 6.19%

    Pinnacle Bank lent most frequently to those with incomes in the $250k+ range, with 1,295 originations. The second most popular income band? $150k-250k, with 1,226 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,158 $279,050,000 $240,976 $4,961 7.46%
    30-36% 965 $249,075,000 $258,109 $5,179 7.29%
    <20% 712 $198,000,000 $278,090 $4,451 7.39%
    44% 591 $150,695,000 $254,983 $5,725 7.39%
    43% 303 $117,485,000 $387,739 $5,296 6.94%
    42% 260 $75,030,000 $288,577 $4,767 7.16%
    39% 227 $62,435,000 $275,044 $4,974 6.98%
    38% 219 $55,685,000 $254,269 $5,329 6.96%
    40% 214 $56,420,000 $263,645 $5,639 7.12%
    41% 210 $59,970,000 $285,571 $5,372 6.96%
    49% 208 $69,750,000 $335,337 $7,180 6.76%
    37% 196 $63,250,000 $322,704 $5,166 7.11%
    36% 160 $45,080,000 $281,750 $6,012 7.05%
    45% 141 $35,465,000 $251,525 $6,052 6.81%
    48% 119 $36,585,000 $307,437 $6,623 6.57%
    47% 99 $35,105,000 $354,596 $7,044 6.67%
    46% 97 $29,225,000 $301,289 $6,067 6.40%
    50-60% 16 $6,040,000 $377,500 $7,895 6.98%
    >60% 3 $635,000 $211,667 $0 5.42%

    Pinnacle Bank lent most frequently to those with DTI ratios of 20-30%, with 1,158 originations. The next most common DTI ratio? 30-36%, with 965 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,865 $1,168,365,000 $302,294 $5,402 7.24%
    Not applicable 261 $556,825,000 $2,133,429 $0 7.41%
    Not provided 1,251 $305,065,000 $243,857 $5,676 7.61%
    Black 614 $121,410,000 $197,736 $5,319 6.36%
    Asian 131 $29,955,000 $228,664 $6,251 6.72%
    American Indian 47 $7,135,000 $151,809 $4,957 6.51%
    Asian Indian 24 $6,950,000 $289,583 $5,772 7.40%
    Native Hawaiian or Islander 21 $2,735,000 $130,238 $3,550 5.69%
    Other Pacific Islander 11 $1,625,000 $147,727 $3,810 7.64%
    Other Asian 7 $1,295,000 $185,000 $4,174 6.32%
    Filipino 4 $390,000 $97,500 $0 7.81%
    Chinese 1 $215,000 $215,000 $3,018 6.13%
    Vietnamese 1 $155,000 $155,000 $0 9.25%
    Guamanian 1 $95,000 $95,000 $0 8.25%
    Korean 1 $95,000 $95,000 $0 8.25%

    Approval Rates

    Total approvals of all applications
    86.77%

    Pinnacle Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.73%

    Pinnacle Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 6,240 $2,202,310,000 $352,934

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    6,240 $2,202,310,000 $352,934

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,193 $306,615,000 $257,012 $4,051 7.81%
    40-60% 632 $519,930,000 $822,674 $4,808 7.23%
    60-80% 1,302 $624,320,000 $479,508 $5,834 6.86%
    80-100% 1,553 $606,005,000 $390,216 $6,106 6.72%
    Over 100% 12 $7,380,000 $615,000 $16,906 6.16%
    Under 20% 1,548 $138,060,000 $89,186 $783 7.55%