Pinnacle Lending Group, Inc. Mortgage Lending & HMDA Data, 2022
In 2022, Pinnacle Lending Group, Inc. of Las Vegas, NV reported 310 mortgage applications totaling $106.9 million, down 69% from 2021. The average application was for $344,870, and applicants reported an average income of $120,022. 70% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Las Vegas-Henderson-Paradise, NV (238), Phoenix-Mesa-Scottsdale, AZ (28) and Joplin, MO (13) (applications in parentheses).
| Mortgage Company & Address | Pinnacle Lending Group, Inc. 6475 S Rainbow Blvd #102 Las Vegas, NV 89118 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 |
| Total Number of Mortgage Applications | 310 |
| Total Mortgage Loan Application Amount | $106,910,000 |
| Average Mortgage Loan Application Amount | $344,870 |
| Highest Mortgage Loan Application Amount | $1,555,000 |
| Average Applicant Income | $120,022 |
| Highest Applicant Income | $1,355,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Pinnacle Lending Group, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Clark, Nevada | 238 | $ 84,270,000 | $ 354,075 | $ 121,000 |
| Maricopa, Arizona | 19 | $ 6,545,000 | $ 344,473 | $ 95,000 |
| Newton, Missouri | 10 | $ 2,240,000 | $ 224,000 | $ 200,000 |
| Pinal, Arizona | 9 | $ 3,275,000 | $ 363,888 | $ 99,000 |
| Salt Lake, Utah | 4 | $ 1,950,000 | $ 487,500 | $ 104,000 |
| Los Angeles, California | 3 | $ 1,505,000 | $ 501,666 | $ 191,000 |
| Jasper, Missouri | 3 | $ 715,000 | $ 238,333 | $ 145,000 |
| Mohave, Arizona | 2 | $ 380,000 | $ 190,000 | $ 129,000 |
| Miami-Dade, Florida | 2 | $ 620,000 | $ 310,000 | $ 71,000 |
| Nye, Nevada | 2 | $ 820,000 | $ 410,000 | $ 90,000 |
| Washoe, Nevada | 2 | $ 730,000 | $ 365,000 | $ 159,000 |
| Pima, Arizona | 1 | $ 135,000 | $ 135,000 | $ 103,000 |
| Alameda, California | 1 | $ 155,000 | $ 155,000 | $ 52,000 |
| Riverside, California | 1 | $ 445,000 | $ 445,000 | $ 62,000 |
| San Mateo, California | 1 | $ 205,000 | $ 205,000 | $ 125,000 |
| Mesa, Colorado | 1 | $ 195,000 | $ 195,000 | $ 39,000 |
| Lake, Florida | 1 | $ 365,000 | $ 365,000 | $ 104,000 |
| Orange, Florida | 1 | $ 485,000 | $ 485,000 | $ 106,000 |
| Pinellas, Florida | 1 | $ 255,000 | $ 255,000 | $ 65,000 |
| Cole, Missouri | 1 | $ 295,000 | $ 295,000 | $ 125,000 |
| McDonald, Missouri | 1 | $ 145,000 | $ 145,000 | $ 49,000 |
| Saline, Missouri | 1 | $ 55,000 | $ 55,000 | $ 27,000 |
| Sandoval, New Mexico | 1 | $ 335,000 | $ 335,000 | $ 100,000 |
| Cleveland, Oklahoma | 1 | $ 255,000 | $ 255,000 | $ 117,000 |
| Wood, Texas | 1 | $ 135,000 | $ 135,000 | $ 37,000 |
| Iron, Utah | 1 | $ 195,000 | $ 195,000 | $ 152,000 |
| Grant, Washington | 1 | $ 205,000 | $ 205,000 | $ 59,000 |
Mortgage Loan Application Detail Totals for Pinnacle Lending Group, Inc. 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 | 229 | $80,805,000 | $352,000 | $1,555,000 | $122,000 | $1,355,000 |
| Refinancing | 50 | $17,220,000 | $344,000 | $1,325,000 | $124,000 | $1,060,000 |
| Cash-out Refinancing | 31 | $8,885,000 | $286,000 | $495,000 | $99,000 | $264,000 |
| 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 |
|---|---|---|---|---|---|---|
| White | 114 | $40,180,000 | $352,000 | $1,555,000 | $124,000 | $1,060,000 |
| Hispanic | 109 | $36,185,000 | $331,000 | $645,000 | $80,000 | $178,000 |
| Asian | 34 | $11,950,000 | $351,000 | $615,000 | $220,000 | $597,000 |
| Not Provided | 22 | $7,970,000 | $362,000 | $695,000 | $109,000 | $300,000 |
| Black or African American | 18 | $6,020,000 | $334,000 | $535,000 | $102,000 | $198,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $1,610,000 | $402,000 | $565,000 | $116,000 | $145,000 |
| American Indian or Alaskan Native | 1 | $605,000 | $605,000 | $605,000 | $163,000 | $163,000 |
| 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) | 230 | $79,880,000 | $347,000 | $1,555,000 | $131,000 | $1,355,000 |
| FHA-insured (Federal Housing Administration) | 57 | $19,295,000 | $338,000 | $635,000 | $86,000 | $264,000 |
| VA-guaranteed (Veterans Administration) | 19 | $7,155,000 | $376,000 | $605,000 | $99,000 | $242,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 4 | $580,000 | $145,000 | $165,000 | $71,000 | $79,000 |
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 | 216 | $74,840,000 | $346,000 | $1,325,000 | $118,000 | $1,060,000 |
| Application Withdrawn By Applicant | 68 | $24,060,000 | $353,000 | $1,555,000 | $133,000 | $1,355,000 |
| Application Denied By Financial Institution | 22 | $6,870,000 | $312,000 | $575,000 | $101,000 | $264,000 |
| File Closed For Incompleteness | 4 | $1,140,000 | $285,000 | $475,000 | $71,000 | $99,000 |
| Application Approved But Not Accepted | 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 | 288 | $100,040,000 | $347,000 | $1,555,000 | $121,000 | $1,355,000 |
| Debt-To-Income Ratio | 7 | $2,625,000 | $375,000 | $575,000 | $115,000 | $264,000 |
| Credit History | 5 | $1,415,000 | $283,000 | $365,000 | $98,000 | $125,000 |
| Other | 4 | $1,030,000 | $257,000 | $315,000 | $111,000 | $242,000 |
| Collateral | 4 | $930,000 | $232,000 | $425,000 | $67,000 | $95,000 |
| Employment History | 1 | $325,000 | $325,000 | $325,000 | $61,000 | $61,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $545,000 | $545,000 | $545,000 | $150,000 | $150,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Pinnacle Lending Group, Inc.'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 Pinnacle Lending Group, Inc.'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 Nevada, download the full spreadsheet
with aggregated HMDA statistics today.
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