THE SUMMIT Federal Credit Union mortgage approval rate & lending review
THE SUMMIT Federal Credit Union decided 2,220 mortgage applications and funded 1,586 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions THE SUMMIT Federal Credit Union reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
THE SUMMIT Federal Credit Union at a glance
Approval is 3.2 points above the 71.0% 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 | 88% | 338 / 385 | 96% | $165K | 325 |
| Home improvement loans | 69% | 774 / 1,114 | 97% | $55K | 748 |
| Cash-out refinance | 81% | 63 / 78 | 90% | $125K | 57 |
| Refinance | 76% | 456 / 602 | 97% | $65K | 444 |
THE SUMMIT Federal Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| New York | 74% | $65K | 2,220 | 1,586 |
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 THE SUMMIT Federal Credit Union lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Monroe County, NY | Home improvement loans | 69% | 657 | 440 |
| Monroe County, NY | Refinance | 79% | 418 | 321 |
| Monroe County, NY | Mortgage lenders | 84% | 199 | 157 |
| Erie County, NY | Home improvement loans | 71% | 211 | 146 |
| Onondaga County, NY | Home improvement loans | 67% | 166 | 106 |
| Erie County, NY | Mortgage lenders | 91% | 82 | 74 |
| Onondaga County, NY | Mortgage lenders | 90% | 60 | 53 |
| Erie County, NY | Refinance | 64% | 80 | 51 |
| Onondaga County, NY | Refinance | 69% | 74 | 49 |
| Monroe County, NY | Cash-out refinance | 83% | 46 | 34 |
| Ontario County, NY | Home improvement loans | 84% | 38 | 32 |
The county markets where THE SUMMIT Federal Credit Union made the most loans. Each link opens that market with every lender ranked.
Questions about THE SUMMIT Federal Credit Union
What is THE SUMMIT Federal Credit Union's mortgage approval rate?
THE SUMMIT Federal Credit Union approved 74.2% of the 2,220 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 3.2 points above the 71.0% national rate for the same mix of loan types.
How often do borrowers take the loan THE SUMMIT Federal Credit Union offers?
Borrowers accepted 96% of the loans THE SUMMIT Federal Credit Union approved, against 93% for all home improvement loan lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does THE SUMMIT Federal Credit Union make?
The typical home improvement loan loan THE SUMMIT Federal Credit Union made was $55K; across all loan types its typical loan ran from $55K to $165K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does THE SUMMIT Federal Credit Union lend?
THE SUMMIT Federal Credit Union decided applications in 1 of the states Fat Boy Data covers, most of them in New York.
Can I apply to THE SUMMIT Federal Credit Union directly?
Yes. THE SUMMIT Federal Credit Union is a bank or credit union with 81 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show THE SUMMIT Federal Credit Union'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 THE SUMMIT Federal Credit Union treats applications, then get a rate quote from the lender.