Pinnacle Bank - Wyoming Mortgage Rates, Fees & Info
Cody, WYLEI: 549300QG83M0EX7VC434
Tax ID: 83-0110575
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Mortgage Data
Review & Overview
Pinnacle Bank - Wyoming is a smaller bank specializing in Home Purchase loans. Pinnacle Bank - Wyoming has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Gillette, Cheyenne, Jackson, Laramie, and Casper among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)Pinnacle Bank - Wyoming 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 - Wyoming is typically an average 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 relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.13% | 11/17/24 |
| 30 Year Conventional Refi | 6.79% | 11/17/24 |
| 30 Year Cash-out Refi | 6.66% | 11/17/24 |
| 30 Year FHA Purchase | 6.77% | 11/17/24 |
| 30 Year FHA Refi | 6.46% | 11/17/24 |
| 30 Year VA Purchase | 5.77% | 11/17/24 |
| 30 Year VA Refi | 5.84% | 11/17/24 |
| 30 Year USDA Purchase | 6.21% | 11/17/24 |
| 30 Year USDA Refi | 6.44% | 11/17/24 |
| 15 Year Conventional Purchase | 5.96% | 11/17/24 |
| 15 Year Conventional Refi | 5.66% | 11/17/24 |
| 15 Year Cash-out Refi | 5.66% | 11/17/24 |
| 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. | ||
Pinnacle Bank - Wyoming Mortgage Calculator
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This is not an official calculator from Pinnacle Bank - Wyoming. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
307Origination Dollar Volume (All Markets)
$70,105,000Awards
Pinnacle Bank - Wyoming - 2023
Pinnacle Bank - Wyoming is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Pinnacle Bank - Wyoming's average 30 year fixed mortgage rate was
6.08%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.4%.
Relative Fees (Closing Costs)
Pinnacle Bank - Wyoming's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,487.
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 $9,089.
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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 195 | $42,905,000 | $220,026 | $4,694 | 6.84% |
| Gillette, WY (FHA|USDA|VA) | 72 | $13,110,000 | $182,083 | $5,240 | 5.89% |
| CHEYENNE, WY (FHA|USDA|VA) | 15 | $4,645,000 | $309,667 | $6,719 | 7.03% |
| Jackson, WY-ID (FHA|USDA|VA) | 1 | $3,225,000 | $3,225,000 | $0 | 7.99% |
| Laramie, WY (FHA|USDA|VA) | 7 | $2,345,000 | $335,000 | $6,370 | 7.11% |
| CASPER, WY (FHA|USDA|VA) | 5 | $1,055,000 | $211,000 | $5,176 | 5.65% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 9.25% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 8.00% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 9.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 7.50% |
| Scottsbluff, NE (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $1,780 | 7.21% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 7.19% |
| Sheridan, WY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,315 | 5.88% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 6.95% |
| RAPID CITY, SD (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,214 | 8.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against Pinnacle Bank - Wyoming 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 2023, Pinnacle Bank - Wyoming's most frequently originated type of loan was Conventional, with 234 originations. Their 2nd most popular type was FHA, with 29 originations.
Loan Reason
For 2023, Pinnacle Bank - Wyoming's most frequently cited loan purpose was Home Purchase, with 235 originations. The 2nd most popular reason was Refi, with 35 originations.
Loan Duration/Length
For 2023, Pinnacle Bank - Wyoming's most frequently cited loan duration was 30 Year, with 206 originations. The 2nd most popular length was Other, with 34 originations.
Origination Fees/Closing Costs
Pinnacle Bank - Wyoming's average total fees were $5,487, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 62 originations.
Interest Rates
During 2023, Pinnacle Bank - Wyoming's average interest rate for loans was 6.08%, while their most frequently originated rate bucket for loans was 7-8%, with 80 originations.
Loan Sizing
2023 saw Pinnacle Bank - Wyoming place emphasis on $200k-400k loans with 108 originations, totaling $30,630,000 in origination value.
Applicant Income
Pinnacle Bank - Wyoming lent most frequently to those with incomes in the $50k-75k range, with 73 originations. The second most popular income band? $75k-100k, with 67 originations.
Applicant Debt to Income Ratio
Pinnacle Bank - Wyoming lent most frequently to those with DTI ratios of 30-36%, with 60 originations. The next most common DTI ratio? 20-30%, with 53 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.84%
Pinnacle Bank - Wyoming has an average approval rate.
Pick Rate
Approvals leading to origination78.50%
Pinnacle Bank - Wyoming has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 307 | $70,105,000 | $228,355 |