Dg Pinnacle Funding, LLC Mortgage Lending & HMDA Data, 2024

In 2024, Dg Pinnacle Funding, LLC of Miami, FL reported 388 mortgage applications totaling $142.9 million, up 140% from 2023. The average application was for $368,376, and applicants reported an average income of $166,858. 64% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (195), Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (52) and Cape Coral-Fort Myers, 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 388
Total Mortgage Loan Application Amount $142,930,000
Average Mortgage Loan Application Amount $368,376
Highest Mortgage Loan Application Amount $2,275,000
Average Applicant Income $166,858
Highest Applicant Income $2,743,000

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(HMDA) records Dg Pinnacle Funding, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2024

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 328 $117,970,000 $359,000 $1,475,000 $136,000 $1,456,000
Cash-out Refinancing 47 $21,025,000 $447,000 $2,275,000 $383,000 $2,743,000
Refinancing 13 $3,935,000 $302,000 $505,000 $164,000 $786,000
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 315 $123,015,000 $390,000 $2,275,000 $175,000 $2,743,000
White 30 $9,310,000 $310,000 $1,205,000 $178,000 $1,428,000
Black or African American 28 $6,910,000 $246,000 $505,000 $108,000 $183,000
Not Provided 10 $2,680,000 $268,000 $565,000 $93,000 $220,000
American Indian or Alaskan Native 4 $580,000 $145,000 $225,000 $48,000 $98,000
Not applicable 1 $435,000 $435,000 $435,000 $95,000 $95,000
Asian 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 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) 260 $91,230,000 $350,000 $2,275,000 $188,000 $2,743,000
FHA-insured (Federal Housing Administration) 124 $49,630,000 $400,000 $755,000 $121,000 $1,456,000
VA-guaranteed (Veterans Administration) 4 $2,070,000 $517,000 $735,000 $175,000 $270,000
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 249 $92,165,000 $370,000 $2,275,000 $157,000 $2,742,000
Application Withdrawn By Applicant 114 $42,040,000 $368,000 $1,475,000 $194,000 $2,743,000
Application Denied By Financial Institution 25 $8,725,000 $349,000 $845,000 $135,000 $285,000
Application Approved But Not Accepted 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 363 $134,205,000 $369,000 $2,275,000 $169,000 $2,743,000
Other 14 $5,130,000 $366,000 $845,000 $121,000 $285,000
Collateral 4 $670,000 $167,000 $295,000 $182,000 $230,000
Credit History 2 $1,010,000 $505,000 $605,000 $177,000 $240,000
Unverifiable Information 2 $670,000 $335,000 $355,000 $74,000 $75,000
Insufficient Cash (Downpayment, Closing Cost) 2 $830,000 $415,000 $525,000 $169,000 $170,000
Debt-To-Income Ratio 1 $415,000 $415,000 $415,000 $117,000 $117,000
Employment History 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Dg Pinnacle Funding, LLC's 2024 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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