Dg Pinnacle Funding, LLC Mortgage Lending & HMDA Data, 2020

In 2020, Dg Pinnacle Funding, LLC of Miami, FL reported 248 mortgage applications totaling $68.3 million, up 53% from 2019. The average application was for $275,201, and applicants reported an average income of $90,487. 87% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (159), Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (26) and Tampa-St. Petersburg-Clearwater, FL (26) (applications in parentheses).

Mortgage Company & Address Dg Pinnacle Funding, LLC
782 Nw 42nd Ave Suite 450
Miami, FL 33165
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  
Total Number of Mortgage Applications 248
Total Mortgage Loan Application Amount $68,250,000
Average Mortgage Loan Application Amount $275,201
Highest Mortgage Loan Application Amount $2,105,000
Average Applicant Income $90,487
Highest Applicant Income $1,240,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Dg Pinnacle Funding, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

Mortgage Loan Application Totals for Dg Pinnacle Funding, LLC by County in 2020

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Miami-Dade, Florida 159 $ 47,065,000 $ 296,006 $ 100,000
Broward, Florida 26 $ 7,580,000 $ 291,538 $ 89,000
Hillsborough, Florida 19 $ 4,345,000 $ 228,684 $ 57,000
Lee, Florida 9 $ 2,115,000 $ 235,000 $ 80,000
Pasco, Florida 5 $ 1,075,000 $ 215,000 $ 51,000
Palm Beach, Florida 3 $ 745,000 $ 248,333 $ 45,000
Harris, Texas 2 $ 350,000 $ 175,000 $ 79,000
Travis, Texas 2 $ 390,000 $ 195,000 $ 188,000
Charlotte, Florida 1 $ 205,000 $ 205,000 $ 40,000
Collier, Florida 1 $ 295,000 $ 295,000 $ 100,000
Hernando, Florida 1 $ 225,000 $ 225,000 $ 52,000
Indian River, Florida 1 $ 195,000 $ 195,000 $ 36,000
Manatee, Florida 1 $ 165,000 $ 165,000 $ 81,000
Marion, Florida 1 $ 155,000 $ 155,000 $ 47,000
Monroe, Florida 1 $ 245,000 $ 245,000 $ 72,000
Pinellas, Florida 1 $ 165,000 $ 165,000 $ 29,000
Seminole, Florida 1 $ 105,000 $ 105,000 $ 97,000
St. Lucie, Florida 1 $ 175,000 $ 175,000 $ 45,000
Volusia, Florida 1 $ 185,000 $ 185,000 $ 61,000
Harrison, Texas 1 $ 175,000 $ 175,000 $ 76,000
Hidalgo, Texas 1 $ 175,000 $ 175,000 $ 62,000
Johnson, Texas 1 $ 265,000 $ 265,000 $ 82,000
Kinney, Texas 1 $ 105,000 $ 105,000 $ 70,000
Montgomery, Texas 1 $ 245,000 $ 245,000 $ 100,000
Randall, Texas 1 $ 285,000 $ 285,000 $ 88,000
Stephens, Texas 1 $ 165,000 $ 165,000 $ 64,000
Tarrant, Texas 1 $ 195,000 $ 195,000 $ 57,000
Upshur, Texas 1 $ 175,000 $ 175,000 $ 77,000
Upton, Texas 1 $ 245,000 $ 245,000 $ 109,000

Mortgage Loan Application Detail Totals for Dg Pinnacle Funding, LLC in 2020

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Home Purchase 165 $45,175,000 $273,000 $1,715,000 $82,000 $766,000
Refinancing 71 $17,745,000 $249,000 $695,000 $91,000 $388,000
Cash-out Refinancing 9 $2,605,000 $289,000 $515,000 $114,000 $254,000
Home Improvement 1 $315,000 $315,000 $315,000 $79,000 $79,000
Not Applicable 1 $305,000 $305,000 $305,000 $105,000 $105,000
Other Purpose 1 $2,105,000 $2,105,000 $2,105,000 $1,240,000 $1,240,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Hispanic 225 $63,035,000 $280,000 $2,105,000 $90,000 $1,240,000
White 14 $3,280,000 $234,000 $395,000 $102,000 $152,000
Black or African American 5 $1,195,000 $239,000 $295,000 $72,000 $120,000
Not Provided 2 $300,000 $150,000 $175,000 $76,000 $76,000
Asian 2 $440,000 $220,000 $265,000 $125,000 $188,000
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
Not applicable 0 $0 $0 $0 $0 $0

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 176 $49,530,000 $281,000 $2,105,000 $101,000 $1,240,000
FHA-insured (Federal Housing Administration) 66 $17,170,000 $260,000 $385,000 $62,000 $162,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 4 $900,000 $225,000 $285,000 $80,000 $88,000
VA-guaranteed (Veterans Administration) 2 $650,000 $325,000 $385,000 $82,000 $112,000

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 215 $60,475,000 $281,000 $2,105,000 $94,000 $1,240,000
Application Denied By Financial Institution 32 $7,580,000 $236,000 $485,000 $67,000 $147,000
Application Approved But Not Accepted 1 $195,000 $195,000 $195,000 $135,000 $135,000
Application Withdrawn By Applicant 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Not applicable 216 $60,670,000 $280,000 $2,105,000 $94,000 $1,240,000
Debt-To-Income Ratio 11 $2,675,000 $243,000 $485,000 $61,000 $120,000
Other 9 $2,275,000 $252,000 $475,000 $78,000 $147,000
Unverifiable Information 6 $1,210,000 $201,000 $305,000 $59,000 $81,000
Employment History 3 $715,000 $238,000 $345,000 $65,000 $77,000
Credit History 2 $510,000 $255,000 $275,000 $68,000 $88,000
Insufficient Cash (Downpayment, Closing Cost) 1 $195,000 $195,000 $195,000 $70,000 $70,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Dg Pinnacle Funding, LLC's 2020 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.

This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics, and assess Dg Pinnacle Funding, LLC's mortgage approval patterns. Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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