Dg Pinnacle Funding, LLC Mortgage Lending & HMDA Data, 2022

In 2022, Dg Pinnacle Funding, LLC of Miami, FL reported 161 mortgage applications totaling $66.0 million, down 36% from 2021. The average application was for $409,658, and applicants reported an average income of $121,813. 91% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (107), Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (23) and Tampa-St. Petersburg-Clearwater, FL (5) (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 161
Total Mortgage Loan Application Amount $65,955,000
Average Mortgage Loan Application Amount $409,658
Highest Mortgage Loan Application Amount $3,505,000
Average Applicant Income $121,813
Highest Applicant Income $2,597,000

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(HMDA) records Dg Pinnacle Funding, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Dg Pinnacle Funding, LLC in 2022

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 123 $48,155,000 $391,000 $2,445,000 $114,000 $980,000
Cash-out Refinancing 27 $12,405,000 $459,000 $3,505,000 $183,000 $2,597,000
Refinancing 11 $5,395,000 $490,000 $2,495,000 $59,000 $107,000
Home Improvement 0 $0 $0 $0 $0 $0
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 0 $0 $0 $0 $0 $0

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 136 $55,440,000 $407,000 $3,505,000 $125,000 $2,597,000
White 17 $7,675,000 $451,000 $1,405,000 $108,000 $365,000
Black or African American 5 $1,825,000 $365,000 $635,000 $104,000 $145,000
Not Provided 2 $670,000 $335,000 $475,000 $85,000 $119,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
Not applicable 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Asian 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) 133 $56,805,000 $427,000 $3,505,000 $131,000 $2,597,000
FHA-insured (Federal Housing Administration) 27 $8,895,000 $329,000 $465,000 $84,000 $150,000
VA-guaranteed (Veterans Administration) 1 $255,000 $255,000 $255,000 $58,000 $58,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0

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 147 $60,465,000 $411,000 $3,505,000 $122,000 $2,597,000
Application Denied By Financial Institution 13 $5,065,000 $389,000 $1,405,000 $120,000 $365,000
Preapproval Denied by Financial Institution 1 $425,000 $425,000 $425,000 $73,000 $73,000
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
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

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 147 $60,465,000 $411,000 $3,505,000 $122,000 $2,597,000
Other 7 $1,985,000 $283,000 $465,000 $114,000 $195,000
Debt-To-Income Ratio 5 $3,005,000 $601,000 $1,405,000 $166,000 $365,000
Unverifiable Information 1 $245,000 $245,000 $245,000 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 1 $255,000 $255,000 $255,000 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Dg Pinnacle Funding, LLC's 2022 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.
For a list of all lenders in Florida, download the full spreadsheet with aggregated HMDA statistics today.

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