Pinnacle Bank Mortgage Rates, Fees & Info
Scottsdale, AZLEI: 549300X7MQSQIIC2D475
Tax ID: 20-0383856
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Mortgage Data
Review & Overview
Pinnacle Bank is a smaller bank specializing in Home Purchase and Refi loans. Pinnacle Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Phoenix, Prescott Valley, Detroit, San Francisco, and Bloomington among others. We have data for 28 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.
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Originations
132Origination Dollar Volume (All Markets)
$49,480,000Top 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 |
---|---|---|---|---|---|
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 95 | $37,805,000 | $397,947 | $0 | 0.00% |
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 7 | $3,225,000 | $460,714 | $0 | 0.00% |
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $0 | 0.00% |
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
BLOOMINGTON, IL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $0 | 0.00% |
Show Low, AZ (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
TUCSON, AZ (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 0.00% |
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
Sandpoint, ID (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
Sanford, NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
Payson, AZ (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 0.00% |
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
FLINT, MI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
Traverse City, MI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
VALDOSTA, GA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
Carlsbad-Artesia, NM (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
Norfolk, NE (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
Fairmont, WV (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
MUNCIE, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 106 | $42,980,000 | $405,472 | $0 | 0.00% |
VA | 14 | $3,890,000 | $277,857 | $0 | 0.00% |
FHA | 12 | $2,610,000 | $217,500 | $0 | 0.00% |
For 2019, Pinnacle Bank's most frequently originated type of loan was Conventional, with 106 originations. Their 2nd most popular type was VA, with 14 originations.
Loan Reason
For 2019, Pinnacle Bank's most frequently cited loan purpose was Home Purchase, with 76 originations. The 2nd most popular reason was Refi, with 36 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Other | 132 | $49,480,000 | $374,848 | $0 | 0.00% |
For 2019, Pinnacle Bank's most frequently cited loan duration was Other, with 132 originations.
Loan Sizing
2019 saw Pinnacle Bank place emphasis on $200k-400k loans with 74 originations, totaling $20,960,000 in origination value.
Applicant Income
Pinnacle Bank lent most frequently to those with incomes in the $100k-150k range, with 35 originations. The second most popular income band? $150k-250k, with 29 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Exempt% | 132 | $49,480,000 | $374,848 | $0 | 0.00% |
Pinnacle Bank lent most frequently to those with DTI ratios of Exempt%, with 132 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.67%
Pinnacle Bank has an average approval rate.
Pick Rate
Approvals leading to origination73.48%
Pinnacle Bank has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
Exempt | 132 | $49,480,000 | $374,848 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
Single Family (1-4 Units):Site-Built | 132 | $49,480,000 | $374,848 |
Complaints
Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
Pinnacle Finance LLC | Other type of mortgage | Trouble during payment process | 1 | 100.0% |