Pinnacle Bank Mortgage Rates, Fees & Info
Fort Worth, TXLEI: 549300SDQ83FUC7IK543
Tax ID: 74-1666441
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Pinnacle Bank is a smaller bank specializing in Home Purchase loans. Pinnacle Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Houston, Austin, Stephenville, and Granbury among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)Pinnacle Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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.
Originations
121Origination Dollar Volume (All Markets)
$40,145,000Top 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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 81 | $22,995,000 | $283,889 | $0 | 0.00% |
| Outside of Metro Areas | 13 | $6,625,000 | $509,615 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $3,110,000 | $777,500 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $2,155,000 | $718,333 | $0 | 0.00% |
| Stephenville, TX (FHA|USDA|VA) | 3 | $1,315,000 | $438,333 | $0 | 0.00% |
| Granbury, TX (FHA|USDA|VA) | 4 | $1,110,000 | $277,500 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $0 | 0.00% |
| Mineral Wells, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| SAN ANGELO, TX (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Ruidoso, NM (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 119 | $39,305,000 | $330,294 | $0 | 0.00% |
| VA | 2 | $840,000 | $420,000 | $0 | 0.00% |
For 2023, Pinnacle Bank's most frequently originated type of loan was Conventional, with 119 originations. Their 2nd most popular type was VA, with 2 originations.
Loan Reason
For 2023, Pinnacle Bank's most frequently cited loan purpose was Home Purchase, with 98 originations. The 2nd most popular reason was Refi, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 121 | $40,145,000 | $331,777 | $0 | 0.00% |
For 2023, Pinnacle Bank's most frequently cited loan duration was Other, with 121 originations.
Loan Sizing
2023 saw Pinnacle Bank place emphasis on $200k-400k loans with 44 originations, totaling $12,410,000 in origination value.
Applicant Income
Pinnacle Bank lent most frequently to those with incomes in the $100k-150k range, with 23 originations. The second most popular income band? $250k+, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 121 | $40,145,000 | $331,777 | $0 | 0.00% |
Pinnacle Bank lent most frequently to those with DTI ratios of Exempt%, with 121 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.63%
Pinnacle Bank has an average approval rate.
Pick Rate
Approvals leading to origination78.51%
Pinnacle Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 121 | $40,145,000 | $331,777 |