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, Brownwood, Granbury, Houston, and Longview among others. We have data for 16 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 an above average pick rate when compared to similar lenders.
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Originations
164Origination Dollar Volume (All Markets)
$134,870,000Top 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) | 122 | $114,840,000 | $941,311 | $0 | 0.00% |
| Brownwood, TX (FHA|USDA|VA) | 1 | $9,305,000 | $9,305,000 | $0 | 0.00% |
| Granbury, TX (FHA|USDA|VA) | 11 | $4,125,000 | $375,000 | $0 | 0.00% |
| Outside of Metro Areas | 10 | $2,370,000 | $237,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 0.00% |
| Mineral Wells, TX (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| ABILENE, TX (FHA|USDA|VA) | 5 | $335,000 | $67,000 | $0 | 0.00% |
| Ruidoso, NM (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Stephenville, TX (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| Shawnee, OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 159 | $133,165,000 | $837,516 | $0 | 0.00% |
| VA | 3 | $1,225,000 | $408,333 | $0 | 0.00% |
| FHA | 2 | $480,000 | $240,000 | $0 | 0.00% |
For 2022, Pinnacle Bank's most frequently originated type of loan was Conventional, with 159 originations. Their 2nd most popular type was VA, with 3 originations.
Loan Reason
For 2022, Pinnacle Bank's most frequently cited loan purpose was Home Purchase, with 104 originations. The 2nd most popular reason was Refi, with 31 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 164 | $134,870,000 | $822,378 | $0 | 0.00% |
For 2022, Pinnacle Bank's most frequently cited loan duration was Other, with 164 originations.
Loan Sizing
2022 saw Pinnacle Bank place emphasis on $100k-200k loans with 52 originations, totaling $7,560,000 in origination value.
Applicant Income
Pinnacle Bank lent most frequently to those with incomes in the $100k-150k range, with 25 originations. The second most popular income band? $150k-250k, with 19 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 164 | $134,870,000 | $822,378 | $0 | 0.00% |
Pinnacle Bank lent most frequently to those with DTI ratios of Exempt%, with 164 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.70%
Pinnacle Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination92.68%
Pinnacle Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 164 | $134,870,000 | $822,378 |