Pinnacle Bank Mortgage Rates, Fees & Info
Lincoln, NELEI: 549300PZ44DNQDPOV865
Tax ID: 47-0098450
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Mortgage Data
Review & Overview
Pinnacle Bank is a smaller bank specializing in 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.62% | 3/23/23 |
| 30 Year Conventional Purchase | 6.49% | 3/23/23 |
| 30 Year Conventional Refi | 6.44% | 3/23/23 |
| 30 Year Cash-out Refi | 6.68% | 3/23/23 |
| 30 Year FHA Purchase | 6.98% | 3/23/23 |
| 30 Year FHA Refi | 7.28% | 3/23/23 |
| 30 Year VA Purchase | 5.92% | 3/23/23 |
| 30 Year VA Refi | 6.27% | 3/23/23 |
| 30 Year USDA Purchase | 6.71% | 3/23/23 |
| 15 Year Conventional Purchase | 6.13% | 3/23/23 |
| 15 Year Conventional Refi | 5.96% | 3/23/23 |
| 15 Year Cash-out Refi | 5.96% | 3/23/23 |
| 15 Year FHA Purchase | 6.76% | 3/23/23 |
| 15 Year VA Purchase | 6.40% | 3/23/23 |
| 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. | ||
Originations
3,234Origination Dollar Volume (All Markets)
$861,600,000Awards
Pinnacle Bank - 2022
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For 2022, less than of lenders were eligible for this award.
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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/JEFFERSON COUNTY, KY-IN (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% |
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.
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Product Mix
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
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications94.79%
Pinnacle Bank has an average approval rate.
Pick Rate
Approvals leading to origination88.56%
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 |