# SUMMIT MORTGAGE CORPORATION

> **Canonical URL:** https://saferate.com/lenders/summit-mortgage-or


> **📋 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 MORTGAGE CORPORATION is a independent mortgage company, headquartered in PORTLAND, OR, serving borrowers across 6 states, with 375 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 77% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 42% for loan approval success

## Overview

- **Institution Type:** Independent Mortgage Company
- **LEI (Legal Entity Identifier):** 549300O2EZG72LO2FX38
- **Headquarters:** PORTLAND, OR
- **Geographic Reach:** Multi-Region
- **States Served:** 6
- **State List:** CA, CO, FL, ID, OR, WA
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Acceptable 🙂
- Score: 23/100
- Rating: ●●○○○ (2/5)

### Pull Through: Sound ☺️
- Score: 58/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +0.274%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $3,636
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 375
- **Dollar Volume:** $178 million
- **Applications Received:** 545
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $475,960
- **Average Borrower Income:** $188,413
- **Average Property Value:** $654,600

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 52/100 | 270 | +0.288% | $3,554 | Sound ☺️ |
| FHA | 64/100 | 69 | +0.408% | $4,578 | Strong 😀 |
| VA | 62/100 | 22 | -0.493% | $1,524 | Strong 😀 |
| Jumbo | 63/100 | 13 | +0.295% | $3,454 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 236 loans, Score: 52/100 (Sound)
- Refinance: 34 loans, Score: 46/100 (Sound)

**FHA:**
- Purchase: 66 loans, Score: 63/100 (Strong)

**VA:**
- Purchase: 22 loans, Score: 63/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 57/100 | 332 | $155M | +0.304% | Sound ☺️ |
| Refinance | 48/100 | 43 | $24M | +0.079% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| OR | 217 | 0.51% | 79/100 |
| WA | 150 | 0.18% | 73/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Portland | OR-WA | 291 | 84/100 |
| Non |  | 27 | 34/100 |
| Longview | WA | 13 | 51/100 |

## Where This Lender Ranks

SUMMIT MORTGAGE CORPORATION appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#12** in Longview for FHA Loans
  - [View Full Rankings](https://saferate.com/longview/best-mortgage-lenders/fha-loans)
- 🏆 **#12** in Longview for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/longview/best-mortgage-lenders/mortgage-companies/fha-loans)
- 🏆 **#15** in Portland for Jumbo Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/portland/best-mortgage-lenders/mortgage-companies/jumbo-loans)
- 🏆 **#19** in Oregon for Jumbo Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/oregon/best-mortgage-lenders/mortgage-companies/jumbo-loans)

## Frequently Asked Questions

### What loan types does SUMMIT MORTGAGE CORPORATION offer?

SUMMIT MORTGAGE CORPORATION offers the following mortgage loan types: FHA, Conventional, VA, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does SUMMIT MORTGAGE CORPORATION offer mortgages?

SUMMIT MORTGAGE CORPORATION offers mortgages in 6 states: CA, CO, FL, ID, OR, WA.

### How competitive are SUMMIT MORTGAGE CORPORATION's mortgage rates?

SUMMIT MORTGAGE CORPORATION has a pricing score of 23/100 (Acceptable), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.274% above market average.

### What type of lender is SUMMIT MORTGAGE CORPORATION?

SUMMIT MORTGAGE CORPORATION is a non-depository lender that specializes in mortgage origination, headquartered in PORTLAND, OR.

### What is SUMMIT MORTGAGE CORPORATION's loan approval success rate?

SUMMIT MORTGAGE CORPORATION has a pull-through score of 58/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## 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-mortgage-or

### How to Cite

> "SUMMIT MORTGAGE CORPORATION Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/summit-mortgage-or

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