Lender profile · HMDA 2023–2025
Summit Mortgage Corporation mortgage approval rates & lending data
Summit Mortgage Corporation decided 3,698 mortgage applications and funded 3,467 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 96% | 3,085 / 3,221 | 99% | $265K | 3,056 |
| Cash-out refinance | 76% | 113 / 149 | 98% | $225K | 111 |
| Refinance | 88% | 78 / 89 | 100% | $355K | 78 |
| Investment property purchase | 96% | 195 / 203 | 97% | $285K | 190 |
| Investment cash-out refinance | 90% | 26 / 29 | 100% | $265K | 26 |
Summit Mortgage Corporation lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Minnesota | 96% | $265K | 1,913 | 1,824 |
| Florida | 92% | $325K | 684 | 621 |
| Colorado | 97% | $275K | 304 | 295 |
| Pennsylvania | 91% | $265K | 260 | 234 |
| North Carolina | 92% | $255K | 124 | 114 |
| Idaho | 99% | $405K | 72 | 69 |
| California | 90% | $505K | 67 | 60 |
| Oregon | 96% | $405K | 48 | 45 |
| Michigan | 92% | $275K | 37 | 34 |
| Virginia | 89% | $335K | 37 | 33 |
| Washington | 97% | $445K | 29 | 26 |
| Louisiana | 91% | $225K | 23 | 21 |
| Texas | 94% | $405K | 18 | 16 |
| South Carolina | 94% | $275K | 17 | 16 |
| Wisconsin | 94% | $155K | 16 | 15 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.