Pinnacle Bank Mortgage Rates, Fees & Info

Lincoln, NE

LEI: 549300PZ44DNQDPOV865

Tax ID: 47-0098450

5 stars - Updated: 9/18/23 - out of 5 stars, based on 57 reviews

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

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Mortgage Data

Review & Overview

Pinnacle Bank is a smaller 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: Omaha, Lincoln, Denver, Kearney, and Columbus among others. We have data for 51 markets. (Some data included below & more in-depth data is available with an active subscription.)

Pinnacle Bank has an above 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 a low 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 about average 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) 7.62% 9/18/23
30 Year Conventional Purchase 6.49% 9/18/23
30 Year Conventional Refi 6.44% 9/18/23
30 Year Cash-out Refi 6.68% 9/18/23
30 Year FHA Purchase 6.98% 9/18/23
30 Year FHA Refi 7.28% 9/18/23
30 Year VA Purchase 5.92% 9/18/23
30 Year VA Refi 6.27% 9/18/23
30 Year USDA Purchase 6.71% 9/18/23
15 Year Conventional Purchase 6.13% 9/18/23
15 Year Conventional Refi 5.96% 9/18/23
15 Year Cash-out Refi 5.96% 9/18/23
15 Year FHA Purchase 6.76% 9/18/23
15 Year VA Purchase 6.40% 9/18/23
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

3,234

Origination Dollar Volume (All Markets)

$861,600,000
Show all (34) awards

Relative Rate

Pinnacle Bank's average 30 year fixed mortgage rate was 4.58%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.18%.

Relative Fees (Closing Costs)

Pinnacle Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $3,071.

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 $4,750.

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
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 708 $253,990,000 $358,743 $2,357 4.88%
LINCOLN, NE (FHA|USDA|VA) 632 $180,010,000 $284,826 $1,872 4.94%
Outside of Metro Areas 675 $93,715,000 $138,837 $1,875 5.04%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 12 $71,680,000 $5,973,333 $2,485 4.48%
Kearney, NE (FHA|USDA|VA) 227 $45,125,000 $198,789 $2,897 4.72%
Columbus, NE (FHA|USDA|VA) 154 $31,800,000 $206,494 $2,726 4.99%
Fremont, NE (FHA|USDA|VA) 162 $26,470,000 $163,395 $1,879 5.03%
GRAND ISLAND, NE (FHA|USDA|VA) 131 $25,825,000 $197,137 $2,875 5.01%
Hastings, NE (FHA|USDA|VA) 142 $22,910,000 $161,338 $2,647 5.04%
JOPLIN, MO (FHA|USDA|VA) 117 $21,065,000 $180,043 $2,468 5.14%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 4 $20,730,000 $5,182,500 $6,226 4.00%
Norfolk, NE (FHA|USDA|VA) 24 $11,710,000 $487,917 $1,571 5.24%
Lexington, NE (FHA|USDA|VA) 67 $11,495,000 $171,567 $2,011 5.06%
KANSAS CITY, MO-KS (FHA|USDA|VA) 46 $11,460,000 $249,130 $1,962 4.75%
Beatrice, NE (FHA|USDA|VA) 56 $8,040,000 $143,571 $1,455 5.04%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $2,505,000 $2,505,000 $0 4.75%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 7 $1,955,000 $279,286 $3,339 4.56%
Salina, KS (FHA|USDA|VA) 8 $1,600,000 $200,000 $779 5.47%
Edwards, CO (FHA|USDA|VA) 1 $1,465,000 $1,465,000 $0 3.80%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $1,400,000 $700,000 $6,654 4.48%
North Platte, NE (FHA|USDA|VA) 9 $1,315,000 $146,111 $1,828 5.07%
Miami, OK (FHA|USDA|VA) 2 $1,190,000 $595,000 $0 5.37%
SPRINGFIELD, MO (FHA|USDA|VA) 7 $1,145,000 $163,571 $0 4.50%
BOULDER, CO (FHA|USDA|VA) 2 $1,100,000 $550,000 $2,129 5.63%
WICHITA, KS (FHA|USDA|VA) 2 $900,000 $450,000 $3,521 5.81%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $885,000 $885,000 $0 3.75%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $840,000 $420,000 $5,811 4.44%
Scottsbluff, NE (FHA|USDA|VA) 3 $835,000 $278,333 $1,897 4.63%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $800,000 $400,000 $2,389 3.88%
FORT COLLINS, CO (FHA|USDA|VA) 2 $780,000 $390,000 $2,403 5.63%
Cañon City, CO (FHA|USDA|VA) 1 $635,000 $635,000 $3,474 3.00%
Hays, KS (FHA|USDA|VA) 2 $590,000 $295,000 $2,530 4.38%
Branson, MO (FHA|USDA|VA) 2 $530,000 $265,000 $0 5.50%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 3 $455,000 $151,667 $2,732 3.38%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $435,000 $435,000 $0 4.25%
GREELEY, CO (FHA|USDA|VA) 1 $395,000 $395,000 $0 5.50%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $395,000 $395,000 $3,024 4.25%
Steamboat Springs, CO (FHA|USDA|VA) 1 $375,000 $375,000 $0 5.25%
Aberdeen, SD (FHA|USDA|VA) 1 $375,000 $375,000 $3,614 5.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $325,000 $325,000 $2,474 3.50%
Spirit Lake, IA (FHA|USDA|VA) 1 $315,000 $315,000 $0 5.25%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $310,000 $155,000 $0 7.25%
Alexandria, MN (FHA|USDA|VA) 1 $305,000 $305,000 $3,453 5.13%
Warrensburg, MO (FHA|USDA|VA) 1 $295,000 $295,000 $0 6.25%
SIOUX FALLS, SD (FHA|USDA|VA) 1 $265,000 $265,000 $0 4.25%
Yankton, SD (FHA|USDA|VA) 1 $225,000 $225,000 $0 4.50%
Pittsburg, KS (FHA|USDA|VA) 1 $165,000 $165,000 $1,733 2.25%
Paragould, AR (FHA|USDA|VA) 1 $155,000 $155,000 $2,439 5.13%
LOUISVILLE, KY (FHA|USDA|VA) 1 $155,000 $155,000 $2,609 3.25%
TULSA, OK (FHA|USDA|VA) 1 $125,000 $125,000 $1,958 5.00%
CASPER, WY (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.75%
Pinnacle Bank's top markets include Omaha, Lincoln, Denver, Kearney, and Columbus among others.

Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Similar Lenders

    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.

    Southwest Missouri Bank
    Similarity Rank: 207
    MUTUAL FIRST
    Similarity Rank: 242
    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 355
    METRO CU
    Similarity Rank: 360
    Cobalt Credit Union
    Similarity Rank: 420
    U.S. HOME MORTGAGE, INC.
    Similarity Rank: 553
    The District Federal Credit Union
    Similarity Rank: 588
    FRONTIER COMMUNITY CREDIT UNION
    Similarity Rank: 594

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,323 $712,215,000 $306,593 $1,856 4.83%
    HELOC 743 $113,705,000 $153,035 n/a 5.44%
    FHA 83 $17,595,000 $211,988 $6,374 4.81%
    USDA 46 $6,700,000 $145,652 $4,173 4.13%
    VA 39 $11,385,000 $291,923 $5,171 3.98%

    For 2022, Pinnacle Bank's most frequently originated type of loan was Conventional, with 2,323 originations. Their 2nd most popular type was HELOC, with 743 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,825 $621,115,000 $340,337 $2,640 4.87%
    Refi 618 $158,140,000 $255,890 $1,203 4.96%
    Home Improvement 410 $33,730,000 $82,268 $547 5.47%
    Other 251 $20,275,000 $80,777 $852 5.23%
    Cash Out Refi 130 $28,340,000 $218,000 $2,563 3.81%

    For 2022, Pinnacle Bank's most frequently cited loan purpose was Home Purchase, with 1,825 originations. The 2nd most popular reason was Refi, with 618 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 1,073 $206,005,000 $191,990 $407 5.33%
    30 Year 937 $230,715,000 $246,227 $3,071 4.58%
    Other 659 $129,375,000 $196,320 $967 5.13%
    1 Year 263 $59,765,000 $227,243 $0 5.50%
    10 Year 128 $198,070,000 $1,547,422 $688 3.90%
    15 Year 125 $27,425,000 $219,400 $2,384 3.56%
    20 Year 27 $7,255,000 $268,704 $2,395 3.87%
    3 Year 22 $2,990,000 $135,909 $324 5.81%

    For 2022, Pinnacle Bank's most frequently cited loan duration was 5 Year, with 1,073 originations. The 2nd most popular length was 30 Year, with 937 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,463 $301,625,000 $206,169
    $1k-2k 294 $62,880,000 $213,878
    $2k-3k 43 $11,315,000 $263,140
    $3k-4k 15 $3,525,000 $235,000
    $4k-5k 8 $2,520,000 $315,000
    $5k+ 3 $1,495,000 $498,333

    Pinnacle Bank's average total fees were $3,071, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,463 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,040 $336,250,000 $323,317
    5-6% 774 $153,820,000 $198,734
    3-4% 632 $243,500,000 $385,285
    6-7% 490 $72,600,000 $148,163
    7-8% 117 $15,265,000 $130,470
    2.5-3% 107 $30,325,000 $283,411
    <2.5% 59 $8,975,000 $152,119
    Over 8% 15 $865,000 $57,667

    During 2022, Pinnacle Bank's average interest rate for loans was 4.58%, while their most frequently originated rate bucket for loans was 4-5%, with 1,040 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,133 $57,155,000 $50,446 $842 5.23%
    $100k-200k 977 $142,675,000 $146,034 $2,474 4.92%
    $200k-400k 852 $232,590,000 $272,993 $2,728 4.73%
    $400k-600k 174 $82,510,000 $474,195 $3,041 4.57%
    $600k-1MM 62 $43,870,000 $707,581 $3,254 4.65%
    $1MM+ 36 $302,800,000 $8,411,111 $3,768 4.47%

    2022 saw Pinnacle Bank place emphasis on $100,000 or less loans with 1,133 originations, totaling $57,155,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 637 $116,815,000 $183,383 $2,269 4.94%
    $50k-75k 493 $68,135,000 $138,205 $2,331 4.87%
    $75k-100k 464 $79,420,000 $171,164 $2,365 4.87%
    $150k-250k 427 $92,155,000 $215,820 $2,029 5.02%
    $50k or less 372 $37,600,000 $101,075 $1,990 4.86%
    $250k+ 275 $78,445,000 $285,255 $2,213 4.95%

    Pinnacle Bank lent most frequently to those with incomes in the $100k-150k range, with 637 originations. The second most popular income band? $50k-75k, with 493 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 737 $118,925,000 $161,364 $1,990 4.87%
    30-36% 486 $85,190,000 $175,288 $2,320 4.89%
    <20% 475 $66,175,000 $139,316 $1,430 5.02%
    40% 89 $18,715,000 $210,281 $2,570 4.84%
    36% 84 $17,570,000 $209,167 $2,299 4.78%
    41% 83 $16,945,000 $204,157 $2,218 4.53%
    39% 82 $17,060,000 $208,049 $2,638 5.22%
    37% 82 $14,140,000 $172,439 $2,218 4.81%
    38% 79 $17,025,000 $215,506 $2,348 5.04%
    44% 62 $13,140,000 $211,935 $2,561 4.80%
    43% 59 $10,455,000 $177,203 $2,256 4.94%
    42% 57 $13,175,000 $231,140 $2,625 4.69%
    45% 42 $7,750,000 $184,524 $2,816 4.74%
    48% 38 $10,610,000 $279,211 $3,061 4.95%
    50-60% 38 $8,000,000 $210,526 $3,911 5.42%
    46% 33 $6,765,000 $205,000 $3,182 4.86%
    49% 32 $6,650,000 $207,813 $3,333 4.59%
    47% 30 $6,450,000 $215,000 $3,055 4.94%
    >60% 23 $7,845,000 $341,087 $1,139 5.38%

    Pinnacle Bank lent most frequently to those with DTI ratios of 20-30%, with 737 originations. The next most common DTI ratio? 30-36%, with 486 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,534 $438,240,000 $172,944 $2,188 4.93%
    Not applicable 490 $377,800,000 $771,020 $556 5.14%
    Not provided 143 $31,315,000 $218,986 $2,676 4.80%
    Asian 29 $7,225,000 $249,138 $2,197 4.46%
    Black 17 $2,865,000 $168,529 $2,442 5.02%
    American Indian 10 $1,540,000 $154,000 $2,392 5.07%
    Asian Indian 4 $1,500,000 $375,000 $2,586 3.19%
    Other Asian 3 $545,000 $181,667 $2,241 4.09%
    Filipino 1 $255,000 $255,000 $2,377 5.38%
    Native Hawaiian or Islander 2 $190,000 $95,000 $0 6.23%
    Vietnamese 1 $125,000 $125,000 $0 5.25%

    Approval Rates

    Total approvals of all applications
    94.79%

    Pinnacle Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.56%

    Pinnacle Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $155,000 $155,000
    150.0 2 $50,000 $25,000
    250.0 4 $50,000 $12,500
    50.0 1 $5,000 $5,000
    500.0 1 $295,000 $295,000
    NA 3,225 $861,045,000 $266,991

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,234 $861,600,000 $266,419

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 467 $65,355,000 $139,946 $1,076 5.27%
    40-60% 460 $217,060,000 $471,870 $1,904 4.87%
    60-80% 897 $322,235,000 $359,236 $2,185 4.83%
    80-100% 766 $191,590,000 $250,117 $3,110 4.75%
    Over 100% 13 $29,215,000 $2,247,308 $9,937 4.41%
    Under 20% 631 $36,145,000 $57,282 $358 5.20%