Lender profile · HMDA 2023–2025
Summit Funding, Inc. mortgage approval rates & lending data
Summit Funding, Inc. decided 14,981 mortgage applications and funded 13,793 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 | 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 |
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.