The Mortgage Record
Lender report card · New Jersey

Pinnacle Mortgage Inc.

East Hanover, NJ · What the federal mortgage record shows about how Pinnacle Mortgage Inc. treated New Jersey applicants, 2018–2025 — 4,492 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
99.5%
4,468 approved
Denial rate
0.5%
24 denied
Decisions
4,492
2018–2025
Avg. rate spread
-0.07 pp
vs. market benchmark
99.5% approved
0.5% denied

Share of 4,492 New Jersey applications Pinnacle Mortgage Inc. approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional99.6% of 4,198 · NJ 87%FHA97.7% of 260 · NJ 79%VA100.0% of 32 · NJ 80%

“NJ” = the statewide average approval rate for that loan type, for comparison.

Approval rate over time

93%94%95%96%97%98%99%100%99%97%100%100%100%100%100%100%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Pinnacle Mortgage Inc.’s rates ran -0.34 pp lower than the typical New Jersey lender (average rate spread -0.07 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Pinnacle Mortgage Inc. approves

By income
Under $50k98.8% · 161$50–75k98.3% · 233$75–100k98.4% · 443$100–150k99.7% · 1,094$150–250k99.7% · 1,499$250k+99.7% · 1,062
By debt-to-income
Under 36%99.9% · 2,48836–43%99.1% · 1,01243–50%99.4% · 856Over 50%93.7% · 127
By down payment (LTV)
20%+ down99.7% · 3,30110–20% down98.3% · 3585–10% down99.4% · 1693–5% down100.0% · 103Under 3% down90.3% · 31

Why Pinnacle Mortgage Inc. denied applications

Debt-to-income ratio29% of denialsCredit history25% of denialsCollateral (value/type)25% of denialsOther8% of denialsUnverifiable information8% of denialsEmployment history4% of denials

Where Pinnacle Mortgage Inc. lends in NJ

CountyDecisionsApproval
Hudson County92399.8%
Bergen County63099.5%
Essex County49799.4%
Morris County39199.0%
Monmouth County38799.2%
Middlesex County333100.0%
Union County25298.4%
Passaic County21598.6%

Fees & closing costs

Median total loan costs
$6,442
home purchase
As % of loan
1.59%
NJ median 1.93%
Priced originations
1,300
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Pinnacle Mortgage Inc.’s home-purchase originations — 0.34 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $680. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

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Source: CFPB HMDA loan-level data, 2018–2025 · first-lien, closed-end mortgages on 1–4 family homes in New Jersey reported by Pinnacle Mortgage Inc. (LEI 549300BTFTXJ72LSIY30). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →