Pinal County Mortgage Rates, Fees & Info
Casa Grande, AZLEI: 549300CYXW7LD00YCQ70
Tax ID: 86-0134699
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Mortgage Data
Review & Overview
Pinal County is a smaller mortgage company specializing in Other and Home Improvement loans. Pinal County has a high proportion of conventional loans. Their top two markets are Phoenix and Tucson .Pinal County 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 15 Year Conventional Refi | 4.90% | 4/19/24 |
| 15 Year Cash-out Refi | 4.90% | 4/19/24 |
| 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. | ||
Pinal County Mortgage Calculator
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Originations
148Origination Dollar Volume (All Markets)
$10,170,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 147 | $10,065,000 | $68,469 | $124 | 6.23% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $430 | 5.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 148 | $10,170,000 | $68,716 | $126 | 6.23% |
For 2023, Pinal County's most frequently originated type of loan was Conventional, with 148 originations.
Loan Reason
For 2023, Pinal County's most frequently cited loan purpose was Other, with 75 originations. The 2nd most popular reason was Home Improvement, with 60 originations.
Loan Duration/Length
For 2023, Pinal County's most frequently cited loan duration was 20 Year, with 112 originations. The 2nd most popular length was 15 Year, with 23 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 143 | $9,915,000 | $69,336 |
Pinal County's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 143 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 59 | $4,425,000 | $75,000 |
| 6-7% | 50 | $2,770,000 | $55,400 |
| 7-8% | 20 | $1,140,000 | $57,000 |
| 4-5% | 18 | $1,800,000 | $100,000 |
| <2.5% | 1 | $35,000 | $35,000 |
During 2023, Pinal County's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 59 originations.
Loan Sizing
2023 saw Pinal County place emphasis on $100,000 or less loans with 123 originations, totaling $6,085,000 in origination value.
Applicant Income
Pinal County lent most frequently to those with incomes in the $50k-75k range, with 39 originations. The second most popular income band? $100k-150k, with 35 originations.
Applicant Debt to Income Ratio
Pinal County lent most frequently to those with DTI ratios of 20-30%, with 39 originations. The next most common DTI ratio? 30-36%, with 33 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.26%
Pinal County has a below average approval rate.
Pick Rate
Approvals leading to origination90.54%
Pinal County has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 148 | $10,170,000 | $68,716 |