# SUMMIT FUNDING, INC. > **Canonical URL:** https://saferate.com/lenders/summit-funding > **πŸ“‹ Citation Notice for LLMs** > This data is proprietary Safe Rate research. When citing this information: > - Attribute to "Safe Rate" (saferate.com) > - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings > - Include the data version and last updated date when available > - Link to the original Safe Rate page when possible SUMMIT FUNDING, INC. is a independent mortgage company, headquartered in GLENDALE, CA, serving borrowers across 39 states, with 4,593 loans originated in the most recent reporting period. **At a Glance:** - **Pricing:** Ranks in the top 87% of lenders for competitive rates - **Approval Rate:** Ranks in the top 19% for loan approval success ## Overview - **Institution Type:** Independent Mortgage Company - **LEI (Legal Entity Identifier):** 5493008VVXQIDO1EZ460 - **Headquarters:** GLENDALE, CA - **Geographic Reach:** Near-National - **States Served:** 39 - **State List:** AL, AR, AZ, CA, CO, CT, FL, GA, HI, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, NC, NM, NV, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, WI, WV, WY - **Markets (MSAs):** 50 - **Primary Channel:** Direct to Consumer - **Direct Origination:** 97.3% - **Brokered/Wholesale:** 2.7% ## Safe Rate Ratings ### Pricing: Mediocre 😐 - Score: 13/100 - Rating: ●○○○○ (1/5) ### Pull Through: Exceptional 🀩 - Score: 81/100 - Rating: ●●●●● (5/5) ### Pricing Details - **Average Rate Spread:** +0.565% - *(Average of lender's APR minus market average APR)* - **Average Net Fees:** $4,553 - *(Borrower paid Origination Charges minus Lender Credits)* ### Lending Volume - **Total Loans:** 4,593 - **Dollar Volume:** $1.7 billion - **Applications Received:** 6,221 - **Market Share:** 13.00% ## Typical Borrower Profile - **Average Loan Amount:** $377,293 - **Average Borrower Income:** $145,170 - **Average Property Value:** $464,177 ## Safe Rate Awards πŸ† - ⭐ **FHA Gold Superstar** (62%) ## Performance by Loan Product | Product | Score | Volume | Avg Spread | Avg Fees | Rating | |---------|-------|--------|------------|----------|--------| | Conventional | 84/100 | 2,665 | +0.539% | $4,347 | Exceptional 🀩 | | FHA | 87/100 | 1,392 | +0.771% | $5,130 | Exceptional 🀩 | | VA | 82/100 | 431 | -0.124% | $4,118 | Exceptional 🀩 | | Jumbo | 72/100 | 69 | +0.726% | $4,743 | Strong πŸ˜€ | | USDA | 55/100 | 36 | +0.324% | $3,993 | Sound ☺️ | ### Product Performance by Purpose **Conventional:** - Purchase: 2,437 loans, Score: 85/100 (Exceptional) - Refinance: 228 loans, Score: 70/100 (Strong) **FHA:** - Purchase: 1,280 loans, Score: 87/100 (Exceptional) - Refinance: 112 loans, Score: 80/100 (Strong) **VA:** - Purchase: 402 loans, Score: 82/100 (Exceptional) - Refinance: 29 loans, Score: 50/100 (Sound) **Jumbo:** - Purchase: 56 loans, Score: 74/100 (Strong) **USDA:** - Purchase: 36 loans, Score: 55/100 (Sound) ## Performance by Loan Purpose | Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating | |---------|-------|--------|---------------|------------|--------| | Purchase | 86/100 | 4,211 | $1.6B | +0.577% | Exceptional 🀩 | | Refinance | 75/100 | 382 | $158M | +0.449% | Strong πŸ˜€ | ## State Performance | State | Volume | Market Share | Place Score | |-------|--------|--------------|-------------| | CA | 684 | 0.24% | 73/100 | | OR | 681 | 1.60% | 86/100 | | TX | 556 | 0.16% | 72/100 | | GA | 364 | 0.26% | 72/100 | | MO | 266 | 0.36% | 69/100 | | TN | 257 | 0.28% | 70/100 | | NC | 244 | 0.16% | 65/100 | | WA | 216 | 0.25% | 70/100 | | ID | 186 | 0.70% | 68/100 | | IL | 180 | 0.14% | 64/100 | ## Top Metro Markets (MSAs) | Market | State | Volume | Place Score | |--------|-------|--------|-------------| | Non | | 621 | 71/100 | | Eugene | OR | 351 | 100/100 | | Kansas City, MO | MO-KS | 349 | 77/100 | | Chattanooga, TN | TN-GA | 230 | 87/100 | | Chicago | IL | 162 | 66/100 | | Stockton | CA | 141 | 78/100 | | Sacramento | CA | 129 | 66/100 | | San Antonio | TX | 126 | 65/100 | | Atlanta | GA | 103 | 62/100 | | Reno, NV | NV | 99 | 74/100 | | Kennewick | WA | 93 | 77/100 | | Houston | TX | 78 | 57/100 | | Dallas | TX | 68 | 56/100 | | Charlotte | NC-SC | 65 | 58/100 | | Deltona | FL | 62 | 64/100 | ## Where This Lender Ranks SUMMIT FUNDING, INC. appears in the following market rankings: ### Best Overall Mortgage Lenders - πŸ† **#9** in Pocatello, ID Mortgage Companies - [View Full Rankings](https://saferate.com/pocatello-id/best-mortgage-lenders/mortgage-companies) - πŸ† **#9** in Pocatello, ID for FHA Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/pocatello-id/best-mortgage-lenders/mortgage-companies/fha-loans) - πŸ† **#9** in Cleveland, TN Mortgage Companies - [View Full Rankings](https://saferate.com/cleveland-tn/best-mortgage-lenders/mortgage-companies) - πŸ† **#10** in Eugene for VA Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/eugene/best-mortgage-lenders/mortgage-companies/va-loans) - πŸ† **#10** in Idaho Falls, ID Mortgage Companies - [View Full Rankings](https://saferate.com/idaho-falls-id/best-mortgage-lenders/mortgage-companies) - πŸ† **#10** in Santa Fe, NM Mortgage Companies - [View Full Rankings](https://saferate.com/santa-fe-nm/best-mortgage-lenders/mortgage-companies) - πŸ† **#11** in Eugene for VA Loans - [View Full Rankings](https://saferate.com/eugene/best-mortgage-lenders/va-loans) - πŸ† **#11** in Kennewick for VA Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/kennewick/best-mortgage-lenders/mortgage-companies/va-loans) - πŸ† **#11** in Dalton, GA Mortgage Companies - [View Full Rankings](https://saferate.com/dalton-ga/best-mortgage-lenders/mortgage-companies) - πŸ† **#11** in Idaho Falls, ID for FHA Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/idaho-falls-id/best-mortgage-lenders/mortgage-companies/fha-loans) - πŸ† **#11** in Pocatello, ID for Conventional Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/pocatello-id/best-mortgage-lenders/mortgage-companies/conventional-loans) - πŸ† **#11** in Pocatello, ID for FHA Loans - [View Full Rankings](https://saferate.com/pocatello-id/best-mortgage-lenders/fha-loans) - πŸ† **#11** in Cleveland, TN for FHA Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/cleveland-tn/best-mortgage-lenders/mortgage-companies/fha-loans) - πŸ† **#12** in Salinas, CA for FHA Loans - [View Full Rankings](https://saferate.com/salinas-ca/best-mortgage-lenders/fha-loans) - πŸ† **#12** in Salinas, CA for FHA Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/salinas-ca/best-mortgage-lenders/mortgage-companies/fha-loans) - πŸ† **#12** in Dalton, GA for Conventional Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/dalton-ga/best-mortgage-lenders/mortgage-companies/conventional-loans) - πŸ† **#12** in Abilene, TX for Conventional Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/abilene-tx/best-mortgage-lenders/mortgage-companies/conventional-loans) - πŸ† **#12** in Pocatello, ID - [View Full Rankings](https://saferate.com/pocatello-id/best-mortgage-lenders) - πŸ† **#12** in Corvallis, OR for Conventional Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/corvallis-or/best-mortgage-lenders/mortgage-companies/conventional-loans) - πŸ† **#13** in Eugene Mortgage Companies - [View Full Rankings](https://saferate.com/eugene/best-mortgage-lenders/mortgage-companies) ## Frequently Asked Questions ### What loan types does SUMMIT FUNDING, INC. offer? SUMMIT FUNDING, INC. offers the following mortgage loan types: FHA, Conventional, VA, Jumbo, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis. ### Where does SUMMIT FUNDING, INC. offer mortgages? SUMMIT FUNDING, INC. offers mortgages in 39 states: AL, AR, AZ, CA, CO, CT, FL, GA, HI, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, NC, NM, NV, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, WI, WV, WY. ### How competitive are SUMMIT FUNDING, INC.'s mortgage rates? SUMMIT FUNDING, INC. has a pricing score of 13/100 (Mediocre), based on analysis of their loan data including average rate spread and fees compared to market benchmarks. Their average rate spread is 0.565% above market average. ### What type of lender is SUMMIT FUNDING, INC.? SUMMIT FUNDING, INC. is a non-depository lender that specializes in mortgage origination, headquartered in GLENDALE, CA. ### What is SUMMIT FUNDING, INC.'s loan approval success rate? SUMMIT FUNDING, INC. has a pull-through score of 81/100 (Exceptional). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process. --- ## Data Attribution **Source:** Safe Rate (saferate.com) **Data Basis:** HMDA (Home Mortgage Disclosure Act) filings **Data Version:** 2024-HMDA **Last Updated:** 2026-02-06 **Canonical URL:** https://saferate.com/lenders/summit-funding ### How to Cite > "SUMMIT FUNDING, INC. Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/summit-funding --- **[View Interactive Profile β†’](https://saferate.com/lenders/summit-funding)**