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 Home Improvement and Other loans. Pinal County has a high proportion of conventional loans. Their top (well, only) market is Phoenix.Pinal County has a below average approval rate when compared to the average across all lenders. They have a below 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% | 4/28/24 |
| 15 Year Cash-out Refi | 4.90% | 4/28/24 |
| 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
61Origination Dollar Volume (All Markets)
$2,865,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 61 | $2,865,000 | $46,967 | $348 | 6.81% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 61 | $2,865,000 | $46,967 | $348 | 6.81% |
For 2019, Pinal County's most frequently originated type of loan was Conventional, with 61 originations.
Loan Reason
For 2019, Pinal County's most frequently cited loan purpose was Home Improvement, with 27 originations. The 2nd most popular reason was Other, with 26 originations.
Loan Duration/Length
For 2019, Pinal County's most frequently cited loan duration was 20 Year, with 29 originations. The 2nd most popular length was 10 Year, with 17 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 59 | $2,745,000 | $46,525 |
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 59 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 61 | $2,865,000 | $46,967 |
During 2019, Pinal County's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 61 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 56 | $2,150,000 | $38,393 | $326 | 6.81% |
| $100k-200k | 5 | $715,000 | $143,000 | $596 | 6.85% |
2019 saw Pinal County place emphasis on $100,000 or less loans with 56 originations, totaling $2,150,000 in origination value.
Applicant Income
Pinal County lent most frequently to those with incomes in the $50k or less range, with 25 originations. The second most popular income band? $50k-75k, with 18 originations.
Applicant Debt to Income Ratio
Pinal County lent most frequently to those with DTI ratios of <20%, with 20 originations. The next most common DTI ratio? 20-30%, with 15 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications67.92%
Pinal County has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination81.97%
Pinal County has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 61 | $2,865,000 | $46,967 |