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, Laramie, Cheyenne, Sheridan, and Riverton 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.30% | 4/5/25 |
| 30 Year Conventional Refi | 6.89% | 4/5/25 |
| 30 Year Cash-out Refi | 6.88% | 4/5/25 |
| 30 Year FHA Purchase | 6.81% | 4/5/25 |
| 30 Year FHA Refi | 6.72% | 4/5/25 |
| 30 Year VA Purchase | 6.06% | 4/5/25 |
| 30 Year USDA Purchase | 6.58% | 4/5/25 |
| 15 Year Conventional Purchase | 6.17% | 4/5/25 |
| 15 Year Conventional Refi | 6.30% | 4/5/25 |
| 15 Year Cash-out Refi | 6.30% | 4/5/25 |
| 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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
276Origination Dollar Volume (All Markets)
$64,810,000Awards
Pinnacle Bank - Wyoming - 2024
Pinnacle Bank - Wyoming is a 2024 , due to their low .
For 2024, 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
6.35%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.2%.
Relative Fees (Closing Costs)
Pinnacle Bank - Wyoming's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,519.
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 $8,356.
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 | 177 | $42,165,000 | $238,220 | $4,996 | 6.81% |
| Gillette, WY (FHA|USDA|VA) | 73 | $17,645,000 | $241,712 | $4,791 | 6.82% |
| Laramie, WY (FHA|USDA|VA) | 4 | $1,170,000 | $292,500 | $4,132 | 7.14% |
| CHEYENNE, WY (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $0 | 7.25% |
| Sheridan, WY (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $8,036 | 7.63% |
| Riverton, WY (FHA|USDA|VA) | 6 | $540,000 | $90,000 | $5,843 | 7.57% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 7.51% |
| Scottsbluff, NE (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $2,894 | 7.71% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 7.25% |
| BISMARCK, ND (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 8.50% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,398 | 6.50% |
| Brookings, SD (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 8.25% |
| CASPER, WY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,121 | 5.63% |
| RAPID CITY, SD (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,317 | 8.25% |
| Pampa, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.00% |
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 2024, Pinnacle Bank - Wyoming's most frequently originated type of loan was Conventional, with 221 originations. Their 2nd most popular type was FHA, with 23 originations.
Loan Reason
For 2024, Pinnacle Bank - Wyoming's most frequently cited loan purpose was Home Purchase, with 202 originations. The 2nd most popular reason was Refi, with 36 originations.
Loan Duration/Length
For 2024, Pinnacle Bank - Wyoming's most frequently cited loan duration was 30 Year, with 167 originations. The 2nd most popular length was Other, with 43 originations.
Origination Fees/Closing Costs
Pinnacle Bank - Wyoming's average total fees were $5,519, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 68 originations.
Interest Rates
During 2024, Pinnacle Bank - Wyoming's average interest rate for loans was 6.35%, while their most frequently originated rate bucket for loans was 6-7%, with 87 originations.
Loan Sizing
2024 saw Pinnacle Bank - Wyoming place emphasis on $200k-400k loans with 119 originations, totaling $32,565,000 in origination value.
Applicant Income
Pinnacle Bank - Wyoming lent most frequently to those with incomes in the $100k-150k range, with 70 originations. The second most popular income band? $50k-75k, with 51 originations.
Applicant Debt to Income Ratio
Pinnacle Bank - Wyoming lent most frequently to those with DTI ratios of 30-36%, with 64 originations. The next most common DTI ratio? 20-30%, with 50 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.04%
Pinnacle Bank - Wyoming has an average approval rate.
Pick Rate
Approvals leading to origination82.61%
Pinnacle Bank - Wyoming has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 250.0 | 1 | $15,000 | $15,000 |
| 560.0 | 1 | $55,000 | $55,000 |
| NA | 274 | $64,740,000 | $236,277 |