Summit Funding, Inc. mortgage approval rate & lending review
Summit Funding, Inc. decided 14,981 mortgage applications and funded 13,793 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Summit Funding, Inc. reported under the Home Mortgage Disclosure Act, not its advertised interest rates. For current rates and applications go to summitfunding.com.
Summit Funding, Inc. at a glance
Approval is 7.0 points above the 85.9% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 95% | 11,882 / 12,565 | 99% | $355K | 11,782 |
| Cash-out refinance | 78% | 641 / 824 | 99% | $335K | 634 |
| Refinance | 89% | 447 / 501 | 99% | $375K | 441 |
| Investment property purchase | 92% | 732 / 797 | 98% | $285K | 721 |
| Investment refinance | 74% | 193 / 260 | 99% | $265K | 191 |
Summit Funding, Inc. lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| California | 93% | $395K | 3,354 | 3,068 |
| Oregon | 96% | $375K | 1,995 | 1,896 |
| Texas | 91% | $295K | 1,415 | 1,277 |
| Missouri | 98% | $245K | 850 | 825 |
| Tennessee | 94% | $265K | 848 | 785 |
| Washington | 93% | $305K | 782 | 727 |
| Illinois | 97% | $375K | 678 | 650 |
| Georgia | 89% | $285K | 569 | 497 |
| Florida | 85% | $335K | 545 | 460 |
| Arizona | 92% | $375K | 521 | 478 |
| Colorado | 93% | $355K | 499 | 460 |
| Idaho | 95% | $395K | 481 | 456 |
| Nevada | 94% | $405K | 435 | 404 |
| Kansas | 99% | $345K | 351 | 348 |
| North Carolina | 96% | $315K | 344 | 329 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Summit Funding, Inc. lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Lane County, OR | Mortgage lenders | 96% | 1,131 | 1,082 |
| Jackson County, MO | Mortgage lenders | 97% | 532 | 516 |
| San Joaquin County, CA | Mortgage lenders | 97% | 496 | 467 |
| Cook County, IL | Mortgage lenders | 97% | 451 | 435 |
| Sacramento County, CA | Mortgage lenders | 98% | 418 | 408 |
| Hamilton County, TN | Mortgage lenders | 94% | 422 | 391 |
| Washoe County, NV | Mortgage lenders | 96% | 348 | 329 |
| Benton County, WA | Mortgage lenders | 94% | 344 | 325 |
| Johnson County, KS | Mortgage lenders | 100% | 276 | 275 |
| Shasta County, CA | Mortgage lenders | 99% | 259 | 255 |
| Kern County, CA | Mortgage lenders | 96% | 247 | 237 |
| Linn County, OR | Mortgage lenders | 96% | 216 | 207 |
The county markets where Summit Funding, Inc. made the most loans. Each link opens that market with every lender ranked.
Questions about Summit Funding, Inc.
What is Summit Funding, Inc.'s mortgage approval rate?
Summit Funding, Inc. approved 92.9% of the 14,981 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 7.0 points above the 85.9% national rate for the same mix of loan types.
How often do borrowers take the loan Summit Funding, Inc. offers?
Borrowers accepted 99% of the loans Summit Funding, Inc. approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Summit Funding, Inc. make?
The typical home purchase mortgage loan Summit Funding, Inc. made was $355K; across all loan types its typical loan ran from $265K to $375K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Summit Funding, Inc. lend?
Summit Funding, Inc. decided applications in 47 of the states Fat Boy Data covers, most of them in California, Oregon and Texas.
Can I apply to Summit Funding, Inc. directly?
Yes. Summit Funding, Inc. reports as a direct lender that takes applications from borrowers. Its website is summitfunding.com.
Does this page show Summit Funding, Inc.'s interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Summit Funding, Inc. treats applications, then get a rate quote from the lender.