Summit Mortgage Bankers Inc. mortgage approval rate & lending review
Summit Mortgage Bankers Inc. decided 1,279 mortgage applications and funded 1,250 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Summit Mortgage Bankers Inc. reported under the Home Mortgage Disclosure Act, not its advertised interest rates. For current rates and applications go to summit-mortgage.com.
Summit Mortgage Bankers Inc. at a glance
Approval is 12.6 points above the 85.6% 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 | 98% | 869 / 887 | 100% | $505K | 867 |
| Refinance | 100% | 148 / 148 | 99% | $545K | 146 |
| Investment property purchase | 97% | 174 / 179 | 100% | $505K | 174 |
| Investment refinance | 100% | 37 / 37 | 95% | $405K | 35 |
Summit Mortgage Bankers Inc. lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| New York | 97% | $505K | 751 | 730 |
| California | 100% | $575K | 287 | 282 |
| New Jersey | 99% | $435K | 232 | 229 |
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 Mortgage Bankers Inc. lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Queens County, NY | Mortgage lenders | 98% | 243 | 236 |
| Nassau County, NY | Mortgage lenders | 98% | 131 | 128 |
| Richmond County, NY | Mortgage lenders | 99% | 79 | 78 |
| Kings County, NY | Mortgage lenders | 95% | 58 | 55 |
| Queens County, NY | Investment property purchase | 93% | 44 | 41 |
| Kings County, NY | Investment property purchase | 100% | 23 | 23 |
| Queens County, NY | Refinance | 100% | 20 | 19 |
The county markets where Summit Mortgage Bankers Inc. made the most loans. Each link opens that market with every lender ranked.
Questions about Summit Mortgage Bankers Inc.
What is Summit Mortgage Bankers Inc.'s mortgage approval rate?
Summit Mortgage Bankers Inc. approved 98.2% of the 1,279 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 12.6 points above the 85.6% national rate for the same mix of loan types.
How often do borrowers take the loan Summit Mortgage Bankers Inc. offers?
Borrowers accepted 100% of the loans Summit Mortgage Bankers 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 Mortgage Bankers Inc. make?
The typical home purchase mortgage loan Summit Mortgage Bankers Inc. made was $505K; across all loan types its typical loan ran from $405K to $545K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Summit Mortgage Bankers Inc. lend?
Summit Mortgage Bankers Inc. decided applications in 7 of the states Fat Boy Data covers, most of them in New York, California and New Jersey.
Can I apply to Summit Mortgage Bankers Inc. directly?
Yes. Summit Mortgage Bankers Inc. reports as a direct lender that takes applications from borrowers. Its website is summit-mortgage.com.
Does this page show Summit Mortgage Bankers 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 Mortgage Bankers Inc. treats applications, then get a rate quote from the lender.