Pinnacle Bank – KMN Mortgage Interest Rate and Cost Review

Is Pinnacle Bank – KMN a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by Pinnacle Bank – KMN to those of other lenders for a comparable set of borrowers. We maintain our independence by not accepting any money from the mortgage lenders we review. Going by historical data, here is our review of Pinnacle Bank – KMN nationally:

Review ItemPinnacle Bank – KMN
Interest Ratelower than other lenders (-0.10%)
Loan Related Closing Costssimilar to other lenders (-$53)
National Rate and Closing Cost Star Rating(4)

On average, Pinnacle Bank – KMN’s interest rates were lower than those of other lenders (-0.10%) for a comparable set of borrowers. On the other hand, its loan related closing costs were similar to those of other lenders, with a difference of -$53. Overall, combining interest rates and closing costs we estimate that Pinnacle Bank – KMN tends to be a cheap lender, and give it a National Rate and Closing Costs Rating of 4 out of 5 stars. To visit Pinnacle Bank – KMN, its website is located at: https://www.pinnbank.com.

Pinnacle Bank – KMN’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. In particular, among the cities we track Pinnacle Bank – KMN was most active in:

  1. Lincoln, NE
  2. Omaha, NE
  3. Columbus, NE
  4. Grand Island, NE
  5. Joplin, MO

In addition, Pinnacle Bank – KMN is our top ranked/best mortgage lender in terms of interest rate and closing costs in:

  1. Lincoln, NE, for VA mortgages
  2. Columbus, NE, overall
  3. Grand Island, NE, for FHA mortgages

You can click through to check out Pinnacle Bank – KMN’s mortgage rate relative to those of other lenders within each city. Or, for our entire list of the top mortgage lenders by city, click here.

Pinnacle Bank – KMN’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Pinnacle Bank – KMN originated Conforming, FHA, USDA and VA mortgages for new home purchases and refinances. Its average interest rate and total loan related closing cost difference relative to other lenders by mortgages type is as follows.

Purchase/Refinance:
New Purchase MortgagesConformingFHAUSDAVA
Interest Rate Difference-0.09%-0.08%-0.01%-0.03%
Loan Related Closing Cost Difference+$154-$9+$23-$1
Cost Adjusted Rate Difference-0.07%-0.08%-0.01%-0.03%
National Star Rating(4)(4)(3.5)(3.5)
Refinance MortgagesConformingFHAUSDAVA
Interest Rate Difference-0.14%-0.02%+0.00%-0.08%
Loan Related Closing Cost Difference-$315-$11+$0-$146
Cost Adjusted Rate Difference-0.16%-0.02%+0.00%-0.09%
Average Star Rating(4.5)(3.5)(3.5)(4)

As a summary, Pinnacle Bank – KMN is cheap for Conforming and FHA purchase mortgages. It is similar to other lenders for USDA and VA purchase mortgages. For refinancing, Pinnacle Bank – KMN is cheap for Conforming and VA mortgage refinance. It is similar to other lenders for FHA and USDA mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about Pinnacle Bank – KMN:

Registered name: Pinnacle Bank – KMN
Registered city and state: GRETNA, NE, 68028
Regulator: Federal Deposit Insurance Corporation (FDIC)
Top holder: PINNACLE BANCORP, INC.

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Pinnacle Bank – KMN’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.