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, Laramie, Spearfish, and Scottsbluff 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 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 | 6.13% | 12/4/23 |
| 30 Year Conventional Refi | 6.79% | 12/4/23 |
| 30 Year Cash-out Refi | 6.66% | 12/4/23 |
| 30 Year FHA Purchase | 6.77% | 12/4/23 |
| 30 Year FHA Refi | 6.46% | 12/4/23 |
| 30 Year VA Purchase | 5.77% | 12/4/23 |
| 30 Year VA Refi | 5.84% | 12/4/23 |
| 30 Year USDA Purchase | 6.21% | 12/4/23 |
| 30 Year USDA Refi | 6.44% | 12/4/23 |
| 15 Year Conventional Purchase | 5.96% | 12/4/23 |
| 15 Year Conventional Refi | 5.66% | 12/4/23 |
| 15 Year Cash-out Refi | 5.66% | 12/4/23 |
| 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 - Wyoming Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
509Origination Dollar Volume (All Markets)
$117,185,000Awards
Pinnacle Bank - Wyoming - 2022
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For 2022, 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
4.27%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.49%.
Relative Fees (Closing Costs)
Pinnacle Bank - Wyoming's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,358.
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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 317 | $73,415,000 | $231,593 | $4,785 | 4.51% |
| Gillette, WY (FHA|USDA|VA) | 113 | $22,535,000 | $199,425 | $4,349 | 4.26% |
| CHEYENNE, WY (FHA|USDA|VA) | 33 | $8,965,000 | $271,667 | $6,215 | 5.11% |
| Laramie, WY (FHA|USDA|VA) | 16 | $4,430,000 | $276,875 | $5,413 | 4.70% |
| Spearfish, SD (FHA|USDA|VA) | 3 | $1,535,000 | $511,667 | $7,227 | 4.69% |
| Scottsbluff, NE (FHA|USDA|VA) | 13 | $1,485,000 | $114,231 | $3,229 | 5.03% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $1,305,000 | $1,305,000 | $0 | 6.99% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $3,059 | 4.44% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 7.25% |
| CASPER, WY (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $4,018 | 6.19% |
| Riverton, WY (FHA|USDA|VA) | 4 | $390,000 | $97,500 | $2,670 | 6.58% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $14,939 | 2.25% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,791 | 4.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 4.25% |
| RAPID CITY, SD (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,228 | 6.50% |
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 2022, Pinnacle Bank - Wyoming's most frequently originated type of loan was Conventional, with 410 originations. Their 2nd most popular type was USDA, with 43 originations.
Loan Reason
For 2022, Pinnacle Bank - Wyoming's most frequently cited loan purpose was Home Purchase, with 380 originations. The 2nd most popular reason was Refi, with 64 originations.
Loan Duration/Length
For 2022, Pinnacle Bank - Wyoming's most frequently cited loan duration was 30 Year, with 315 originations. The 2nd most popular length was Other, with 78 originations.
Origination Fees/Closing Costs
Pinnacle Bank - Wyoming's average total fees were $5,358, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 112 originations.
Interest Rates
During 2022, Pinnacle Bank - Wyoming's average interest rate for loans was 4.27%, while their most frequently originated rate bucket for loans was 4-5%, with 157 originations.
Loan Sizing
2022 saw Pinnacle Bank - Wyoming place emphasis on $200k-400k loans with 197 originations, totaling $55,045,000 in origination value.
Applicant Income
Pinnacle Bank - Wyoming lent most frequently to those with incomes in the $50k-75k range, with 116 originations. The second most popular income band? $100k-150k, with 90 originations.
Applicant Debt to Income Ratio
Pinnacle Bank - Wyoming lent most frequently to those with DTI ratios of 20-30%, with 119 originations. The next most common DTI ratio? 30-36%, with 84 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.62%
Pinnacle Bank - Wyoming has an average approval rate.
Pick Rate
Approvals leading to origination76.03%
Pinnacle Bank - Wyoming has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 295.0 | 1 | $65,000 | $65,000 |
| 350.53 | 1 | $35,000 | $35,000 |
| NA | 507 | $117,085,000 | $230,937 |