Pinnacle Capital Mortgage
in Mortgage Brokers from Pinnacle Capital MortgageUnaffiliated
Pinnacle Capital Mortgage Review
Where does Pinnacle Capital Mortgage do business?
Pinnacle Capital Mortgage is a mortgage broker with headquarters in Roseville, CA. It operates in 12 states.
The company was founded in 2008 and helps borrowers find a direct lender that will approve the loan amounts, rates, and terms they require.
How does Pinnacle Capital Mortgage get paid?
Mortgage brokers get paid either by lenders or by borrowers. However, they cannot receive compensation from both parties.
What fees does Pinnacle Capital Mortgage charge?
Although cost should not be the only factor when choosing mortgage brokers, it is smart to compare the rates, fees, and services mortgage brokers offer before making a decision.
Does Pinnacle Capital Mortgage charge broker administration fees?
No, Pinnacle Capital Mortgage does not charge a broker administration fee.
Does Pinnacle Capital Mortgage charge broker loan origination fees?
No, Pinnacle Capital Mortgage does not charge a broker loan origination fees.
Does Pinnacle Capital Mortgage charge broker upfront fees?
No, Pinnacle Capital Mortgage does not charge broker upfront fees.
Does Pinnacle Capital Mortgage charge a yield-spread premium?
No, Pinnacle Capital Mortgage does not receive a yield spread premium from borrowers. Brokers that are paid a yield-spread premium from lenders have an incentive to steer borrowers to lenders thatt offer higher yield-spread premiums even if they qualify for a lower interest with another lender. This is not always bad for borrowers as it can lower the upfront costs of a mortgage. For instance, borrowers who only plan to hold a mortgage for a few years may find this option cheaper.
What mortgage programs does Pinnacle Capital Mortgage offer?
Pinnacle Capital Mortgage offers the following mortgage programs:
- Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
- FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
- USDA: A zero down payment mortgage loan with low rates for suburban and rural homebuyers.
- VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.
What types of mortgage does Pinnacle Capital Mortgage broker?Pinnacle Capital Mortgage works with the following types of mortgages:
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- New Mexico