Is Pinnacle Bank – Wyoming a cheap or expensive mortgage lender? We compare the interest rates and closing costs charged by Pinnacle Bank – Wyoming with other lenders for comparable mortgages. Nationally, here is what we find:
|Interest Rate||similar to average (-0.06%)|
|Loan Related Closing Costs||similar to average (+$32)|
|National Rate and Closing Cost Rating||(4.0)|
On average, Pinnacle Bank – Wyoming’s interest rates were similar to those of other lenders (-0.06%) for a comparable set of borrowers. Its average total loan related closing cost was similar to those of other lenders, with a difference of +$32. Overall, combining interest rates and closing costs we estimate that Pinnacle Bank – Wyoming tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 4.0 out of 5.0 stars.
Pinnacle Bank – Wyoming’s Rates by Area
Mortgage lenders often set different rates in different geographical markets. In particular, among the markets we track Pinnacle Bank – Wyoming was most active in:
Furthermore, Pinnacle Bank – Wyoming is our top ranked mortgage lender in terms of interest rate and closing costs in:
You can click through to check out Pinnacle Bank – Wyoming’s mortgage rate competitiveness by area. Or, for our data driven ranking of all the top mortgage lenders by area, click here.
Pinnacle Bank – Wyoming’s Rates 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 – Wyoming originated Conforming, FHA, Jumbo, USDA and VA mortgages for new home purchases. It also originated Conforming, FHA and VA mortgages for refinances. We breakdown its interest rate and total loan related closing cost difference relative to other lenders for comparable mortgages by type in the table below.
|New Purchase Mortgages||Conforming||FHA||Jumbo||USDA||VA|
|Interest Rate Difference||-0.04%||-0.07%||+0.00%||-0.08%||-0.08%|
|Loan Related Closing Cost Difference||+$111||+$23||+$0||-$3||+$109|
|Cost Adjusted Rate Difference||-0.04%||-0.07%||+0.00%||-0.08%||-0.07%|
|Interest Rate Difference||-0.11%||-0.03%||-0.03%|
|Loan Related Closing Cost Difference||-$179||-$6||-$27|
|Cost Adjusted Rate Difference||-0.13%||-0.03%||-0.03%|
As a summary, Pinnacle Bank – Wyoming is cheap for FHA, USDA and VA purchase mortgages. It is similar to other lenders for Conforming and Jumbo purchase mortgages. For refinancing mortgages, Pinnacle Bank – Wyoming is cheap for Conforming mortgage refinance. It is similar to other lenders for FHA and VA mortgage refinance. Nevertheless, individual circumstances can matter, and we always recommend shopping among several lenders in your area before signing.
Other information about Pinnacle Bank – Wyoming:
Registered city and state: Torrington, WY, 82240
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 – Wyoming’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.