Pinnacle Bank - Wyoming Mortgage Rates, Fees & Info

Cody, WY

LEI: 549300QG83M0EX7VC434

Tax ID: 83-0110575

5 stars - Updated: 12/5/24 - out of 5 stars, based on 18 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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.

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
30 Year Conventional Purchase 6.13% 12/5/24
30 Year Conventional Refi 6.79% 12/5/24
30 Year Cash-out Refi 6.66% 12/5/24
30 Year FHA Purchase 6.77% 12/5/24
30 Year FHA Refi 6.46% 12/5/24
30 Year VA Purchase 5.77% 12/5/24
30 Year VA Refi 5.84% 12/5/24
30 Year USDA Purchase 6.21% 12/5/24
30 Year USDA Refi 6.44% 12/5/24
15 Year Conventional Purchase 5.96% 12/5/24
15 Year Conventional Refi 5.66% 12/5/24
15 Year Cash-out Refi 5.66% 12/5/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Pinnacle Bank - Wyoming. 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

307

Origination Dollar Volume (All Markets)

$70,105,000
Show all (7) awards

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%
Pinnacle Bank - Wyoming's top markets include Gillette, Cheyenne, Jackson, Laramie, and Casper among others.

Their top states include:
  • Wyoming (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • 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.

    Pinnacle Bank - Wyoming
    Similarity Rank: 120
    CENTENNIAL LENDING, LLC
    Similarity Rank: 126
    Unify Home Lending Inc.
    Similarity Rank: 198
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    NAVY FEDERAL CREDIT UNION
    Similarity Rank: 1778
    First National Bank of Omaha
    Similarity Rank: 1980
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 234 $51,730,000 $221,068 $3,433 6.84%
    FHA 29 $7,305,000 $251,897 $9,329 6.16%
    USDA 28 $5,800,000 $207,143 $6,628 5.80%
    VA 16 $5,270,000 $329,375 $9,466 6.20%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 235 $58,945,000 $250,830 $5,739 6.30%
    Refi 35 $7,775,000 $222,143 $2,128 7.74%
    Home Improvement 18 $1,610,000 $89,444 $1,534 7.76%
    Other 17 $1,195,000 $70,294 $1,393 8.00%
    Cash Out Refi 2 $580,000 $290,000 $9,418 6.75%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 206 $47,210,000 $229,175 $5,487 6.08%
    Other 34 $8,450,000 $248,529 $2,922 7.90%
    1 Year 19 $5,965,000 $313,947 $5,454 7.99%
    15 Year 17 $2,325,000 $136,765 $2,501 7.33%
    20 Year 15 $2,155,000 $143,667 $1,694 7.89%
    10 Year 11 $695,000 $63,182 $1,065 7.98%
    5 Year 4 $80,000 $20,000 $685 7.25%
    3 Year 1 $3,225,000 $3,225,000 $0 7.99%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 62 $14,250,000 $229,839
    $<1k 61 $3,055,000 $50,082
    $1k-2k 55 $8,745,000 $159,000
    $3k-4k 51 $16,785,000 $329,118
    $4k-5k 13 $5,755,000 $442,692
    $5k+ 13 $6,495,000 $499,615

    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

    Loan Rate Originations Total Value Average Loan
    7-8% 80 $19,710,000 $246,375
    6-7% 76 $20,650,000 $271,711
    5-6% 70 $16,950,000 $242,143
    Over 8% 61 $12,115,000 $198,607
    <2.5% 19 $195,000 $10,263
    2.5-3% 1 $485,000 $485,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 108 $30,630,000 $283,611 $6,988 6.74%
    $100k-200k 90 $13,500,000 $150,000 $4,256 7.01%
    $100,000 or less 73 $3,035,000 $41,575 $793 5.77%
    $400k-600k 23 $11,005,000 $478,478 $8,285 7.16%
    $600k-1MM 11 $7,305,000 $664,091 $8,014 7.40%
    $1MM+ 2 $4,630,000 $2,315,000 $0 7.50%

    2023 saw Pinnacle Bank - Wyoming place emphasis on $200k-400k loans with 108 originations, totaling $30,630,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 73 $10,765,000 $147,466 $4,003 5.83%
    $75k-100k 67 $13,975,000 $208,582 $5,142 6.17%
    $100k-150k 56 $14,180,000 $253,214 $6,522 7.19%
    $150k-250k 37 $11,685,000 $315,811 $5,730 7.11%
    $50k or less 34 $3,960,000 $116,471 $3,097 6.86%
    $250k+ 14 $4,890,000 $349,286 $5,505 7.37%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 60 $12,620,000 $210,333 $4,751 6.75%
    20-30% 53 $7,635,000 $144,057 $3,551 6.76%
    <20% 25 $4,365,000 $174,600 $3,010 7.17%
    38% 14 $2,370,000 $169,286 $3,760 6.25%
    50-60% 14 $4,310,000 $307,857 $6,460 7.53%
    37% 13 $2,665,000 $205,000 $5,348 5.61%
    44% 13 $3,345,000 $257,308 $7,816 5.08%
    40% 11 $2,325,000 $211,364 $5,708 6.29%
    39% 10 $1,790,000 $179,000 $4,760 5.31%
    43% 10 $2,450,000 $245,000 $5,992 5.26%
    46% 7 $3,005,000 $429,286 $8,639 6.82%
    41% 7 $1,605,000 $229,286 $4,966 4.57%
    42% 6 $1,950,000 $325,000 $4,897 7.65%
    49% 5 $2,045,000 $409,000 $8,141 6.53%
    36% 5 $985,000 $197,000 $5,954 4.53%
    45% 4 $680,000 $170,000 $6,824 6.88%
    >60% 4 $1,020,000 $255,000 $2,764 7.81%
    47% 3 $865,000 $288,333 $7,892 6.21%
    48% 3 $485,000 $161,667 $5,096 6.50%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 265 $54,735,000 $206,547 $4,826 6.55%
    Not applicable 21 $10,015,000 $476,905 $6,780 7.68%
    Not provided 15 $3,295,000 $219,667 $5,021 7.03%
    Asian 3 $1,115,000 $371,667 $5,575 7.67%
    Black 2 $810,000 $405,000 $8,034 5.56%
    American Indian 1 $135,000 $135,000 $6,193 6.00%

    Approval Rates

    Total approvals of all applications
    90.84%

    Pinnacle Bank - Wyoming has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.50%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    307 $70,105,000 $228,355

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 50 $7,590,000 $151,800 $2,475 7.49%
    40-60% 54 $15,960,000 $295,556 $4,287 7.27%
    60-80% 64 $19,770,000 $308,906 $5,434 7.45%
    80-100% 91 $23,995,000 $263,681 $7,511 6.31%
    Over 100% 3 $1,165,000 $388,333 $16,196 5.88%
    Under 20% 45 $1,625,000 $36,111 $661 4.58%