Pinal County Mortgage Rates, Fees & Info
Casa Grande, AZLEI: 549300CYXW7LD00YCQ70
Tax ID: 86-0134699
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Pinal County is a smaller mortgage company specializing in Home Improvement, Other, and Cash Out Refi loans. Pinal County has a high proportion of conventional loans. Their top two markets are Phoenix and Payson .Pinal County 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.
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 |
|---|---|---|
| 15 Year Conventional Refi | 4.90% | 11/23/24 |
| 15 Year Cash-out Refi | 4.90% | 11/23/24 |
| 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
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Pinal County. 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
51Origination Dollar Volume (All Markets)
$2,425,000Top 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 |
|---|---|---|---|---|---|
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 50 | $2,390,000 | $47,800 | $329 | 5.71% |
| Payson, AZ (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.25% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 51 | $2,425,000 | $47,549 | $329 | 5.71% |
For 2020, Pinal County's most frequently originated type of loan was Conventional, with 51 originations.
Loan Reason
For 2020, Pinal County's most frequently cited loan purpose was Home Improvement, with 23 originations. The 2nd most popular reason was Other, with 18 originations.
Loan Duration/Length
For 2020, Pinal County's most frequently cited loan duration was 20 Year, with 27 originations. The 2nd most popular length was 15 Year, with 11 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 47 | $2,335,000 | $49,681 |
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 47 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 27 | $1,085,000 | $40,185 |
| 6-7% | 14 | $740,000 | $52,857 |
| 4-5% | 9 | $575,000 | $63,889 |
During 2020, Pinal County's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 27 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 50 | $2,220,000 | $44,400 | $329 | 5.73% |
| $200k-400k | 1 | $205,000 | $205,000 | $0 | 4.50% |
2020 saw Pinal County place emphasis on $100,000 or less loans with 50 originations, totaling $2,220,000 in origination value.
Applicant Income
Pinal County lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $50k-75k, with 14 originations.
Applicant Debt to Income Ratio
Pinal County lent most frequently to those with DTI ratios of 20-30%, with 19 originations. The next most common DTI ratio? <20%, with 12 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 47 | $2,315,000 | $49,255 | $329 | 5.73% |
| American Indian | 2 | $60,000 | $30,000 | $0 | 5.38% |
| Asian | 2 | $50,000 | $25,000 | $0 | 5.38% |
Approval Rates
Total approvals of all applications76.62%
Pinal County has a below average approval rate.
Pick Rate
Approvals leading to origination84.31%
Pinal County has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 1 | $35,000 | $35,000 |
| NA | 50 | $2,390,000 | $47,800 |