Pinnacle Bank · Virginia · 2025

Pinnacle Bank in Virginia: approval rate, denial rate and rates (2025)

Pinnacle Bank took 349 mortgage applications in Virginia in 2025, ranking #146 of 1,013 lenders active in the state. It originated 71.1% of them and denied 11.8% (13.1% of the applications it decided), against a statewide denial rate of 15.9%.

349Applicationsin VA
13.1%Decision denial ratestate 20.3%
6.63%Median ratestate 6.63%
$185,000Median loanstate $255,000
$81MVolume37 counties

Pinnacle Bank in Virginia vs the state

11.8%Denial rate-4.19 pts vs state
13.1%Decision denial rate-7.15 pts vs state
71.1%Origination rate+11.54 pts vs state
6.63%Median rate0.00 pts vs state
0.03Rate spread (pts)-0.19 pts vs state
$123kMedian applicant income
248Loans originated
41Denied

Trend in Virginia

YearApplicationsOriginatedDenial rateMedian rateRank in state
202324817317.7%7.13%#166
202427419416.1%7.10%#169
202534924811.8%6.63%#146

What Pinnacle Bank lends in Virginia

By loan purpose

Home purchase 197 56% · 8.1% denied
Refinance 34 10% · 11.8% denied
Cash-out refinance 11 3% · 18.2% denied
Home improvement 80 23% · 17.5% denied
Other / HELOC 27 8% · 18.5% denied

By loan type

Conventional 342 98% · 11.7% denied
FHA 4 1% · 0.0% denied
VA 3 1% · 33.3% denied

Why it denied Virginia applicants

Credit history 18 44%
Debt-to-income ratio 12 29%
Collateral 5 12%
Unverifiable information 4 10%
Employment history 1 2%
Insufficient cash 1 2%

Where in Virginia

Counties with the most Pinnacle Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Roanoke city 926115 16.3%
Roanoke County 65573 4.6%
Fairfax County 36236 16.7%
Salem city 24145 20.8%
Loudoun County 22126 27.3%
Bedford County 16120 0.0%
Franklin County 14111 7.1%
Lynchburg city 11100 0.0%
Botetourt County 1062 20.0%
Campbell County 751 14.3%

Other large lenders in Virginia

LenderGradeApplicationsDenial rateMedian rate
Navy Federal Credit UnionD 19,39519.3%7.75%
Rocket MortgageC 19,27414.8%6.63%
United Shore Financial ServicesB 13,99410.4%6.12%
Truist BankC 11,83831.6%6.49%
Mortgage Research CenterC 9,00016.7%6.25%
Pennymac Loan ServicesC 8,33410.7%6.38%
Freedom MortgageB 8,0296.5%6.25%
Bank of AmericaF 6,58431.9%6.24%
NewrezD 6,39016.4%6.38%
Movement MortgageA 6,1264.3%6.56%

Frequently asked questions

Virginia: 349 applications in 2025, of which 248 were originated and 41 denied.

11.8% of all applications, or 13.1% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.

The median rate on loans Pinnacle Bank originated in Virginia in 2025 was 6.63%, against a statewide median of 6.63%.

About this data. Figures are Pinnacle Bank's own HMDA filing for properties located in Virginia, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology