Pinnacle Bank Mortgage Rates, Fees & Info
Fort Worth, TXLEI: 549300SDQ83FUC7IK543
Tax ID: 74-1666441
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Mortgage Data
Review & Overview
Pinnacle Bank is a smaller bank specializing in Home Purchase loans. Pinnacle Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Dallas, Austin, Kerrville, Corpus Christi, and College Station among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)Pinnacle Bank 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.
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Originations
117Origination Dollar Volume (All Markets)
$41,215,000Top 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) | 83 | $23,365,000 | $281,506 | $0 | 0.00% |
| Outside of Metro Areas | 11 | $8,345,000 | $758,636 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $1,750,000 | $875,000 | $0 | 0.00% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $1,085,000 | $1,085,000 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $815,000 | $815,000 | $0 | 0.00% |
| Stephenville, TX (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $0 | 0.00% |
| Granbury, TX (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $0 | 0.00% |
| SAN ANGELO, TX (FHA|USDA|VA) | 4 | $570,000 | $142,500 | $0 | 0.00% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| Ruidoso, NM (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| Rockport, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| TYLER, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 114 | $40,210,000 | $352,719 | $0 | 0.00% |
| FHA | 2 | $400,000 | $200,000 | $0 | 0.00% |
| VA | 1 | $605,000 | $605,000 | $0 | 0.00% |
For 2024, Pinnacle Bank's most frequently originated type of loan was Conventional, with 114 originations. Their 2nd most popular type was FHA, with 2 originations.
Loan Reason
For 2024, Pinnacle Bank's most frequently cited loan purpose was Home Purchase, with 98 originations. The 2nd most popular reason was Other, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 117 | $41,215,000 | $352,265 | $0 | 0.00% |
For 2024, Pinnacle Bank's most frequently cited loan duration was Other, with 117 originations.
Loan Sizing
2024 saw Pinnacle Bank place emphasis on $200k-400k loans with 39 originations, totaling $10,975,000 in origination value.
Applicant Income
Pinnacle Bank lent most frequently to those with incomes in the $150k-250k range, with 17 originations. The second most popular income band? $250k+, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 117 | $41,215,000 | $352,265 | $0 | 0.00% |
Pinnacle Bank lent most frequently to those with DTI ratios of Exempt%, with 117 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.03%
Pinnacle Bank has an average approval rate.
Pick Rate
Approvals leading to origination87.18%
Pinnacle Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 117 | $41,215,000 | $352,265 |