What loan types does Summit Funding offer?

Summit Funding offers the following mortgage loan types: FHA, Conventional, VA, Jumbo, usda. Each product has its own pricing score and performance metrics.

Where does Summit Funding offer mortgages?

Summit Funding 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's mortgage rates?

Summit Funding has an overall pricing score of 12.9/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Summit Funding?

Summit Funding is a Independent Mortgage Company headquartered in GLENDALE, CA.

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Summit Funding

Independent Mortgage Company•Glendale, CAHQ•Direct•Reviews near you on Google

We analyzed every closed loan from Summit Funding — 4.6k loans across 6k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Mediocre

1/5

vs. all lenders

Pull-through

Exceptional

5/5

closing strength

Product

Exceptional

5/5

FHA · Conventional · VA · Jumbo · USDA

Place

Strong

4/5

Near-National · 49 mkts

Awards

FHA

Superstar

Summary

What They Do Well

Strong pull through performance
Particularly strong in Conventional and FHA and VA and Jumbo loans
Nationwide availability with consistent service

Things to Think About

Rates typically 56 basis points above market average
Higher than average fees ($4,553)

Explore another lender or local market

Report Card

Summit Funding performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Mediocre

+56.5 bps above market avg

Pull Through

Closing strength

Exceptional

Top 20% of lenders

By Loan Product· Specialization by type

Conventional

Exceptional

Top 20% of lenders

FHA

Exceptional

Top 20% of lenders

Exceptional

Top 20% of lenders

Jumbo

Strong

Top 40% of lenders

USDA

Sound

Top 60% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Exceptional

Top 20% of lenders

Refinance

Strong

Top 40% of lenders

By Location· Geographic coverage

Geographic Reach

Near-National · 50 markets

Strong

Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Sound	Exceptional	Mediocre	Strong	2,665	58.0%	+0.539%Above	$4,347Fees
FHA Loans	Sound	Exceptional	Mediocre	Exceptional	1,392	30.3%	+0.771%Above	$5,130Fees
VA Loans	Sound	Exceptional	Mediocre	Strong	431	9.4%	-0.124%Below	$4,118Fees
Jumbo Loans	Sound	Strong	Mediocre	Sound	69	1.5%	+0.726%Above	$4,743Fees
USDA Loans	Sound	Sound	—	Acceptable	36	0.8%	+0.324%Above	$3,993Fees

Conventional

Overall

Sound

Product

Exceptional

Pricing

Mediocre

Pull Through

Strong

Volume2,665

Mix58.0%

Spread

+0.539%Above

Fees

$4,347Fees

FHA Loans

Overall

Sound

Product

Exceptional

Pricing

Mediocre

Pull Through

Exceptional

Volume1,392

Mix30.3%

Spread

+0.771%Above

Fees

$5,130Fees

VA Loans

Overall

Sound

Product

Exceptional

Pricing

Mediocre

Pull Through

Strong

Volume431

Mix9.4%

Spread

-0.124%Below

Fees

$4,118Fees

Jumbo Loans

Overall

Sound

Product

Strong

Pricing

Mediocre

Pull Through

Sound

Volume69

Mix1.5%

Spread

+0.726%Above

Fees

$4,743Fees

USDA Loans

Overall

Sound

Product

Sound

Pricing—

Pull Through

Acceptable

Volume36

Mix0.8%

Spread

+0.324%Above

Fees

$3,993Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Exceptional	Mediocre	Strong	4,211	91.7%	+0.577%Above	$4,544Fees
Refinance	Sound	Strong	Mediocre	Strong	382	8.3%	+0.449%Above	$4,640Fees

Purchase

Overall

Sound

Product

Exceptional

Pricing

Mediocre

Pull Through

Strong

Volume4,211

Mix91.7%

Spread

+0.577%Above

Fees

$4,544Fees

Refinance

Overall

Sound

Product

Strong

Pricing

Mediocre

Pull Through

Strong

Volume382

Mix8.3%

Spread

+0.449%Above

Fees

$4,640Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

4,593

Applications

6,221

Volume

$1 billion

Pricing & Closing

Avg Rate Spread

+0.565%

vs. market APOR

Avg Net Fees

$4,553

Origination − Credits

Pullthrough Rate

73.8%

Applications → Closed

Typical Borrower

Avg Loan Amount

$377,293

Avg Borrower Income

$145,170

Avg Property Value

$464,177

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Strong

4/5

States with Loan Originations

Northeast5

CTMEMAPARI

Midwest8

ILINKSMIMNMOOHWI

South15

ALARFLGAKYLAMDMSNCOKSCTNTXVAWV

West11

AZCACOHIIDNMNVORUTWAWY

Top Metro Areas by Place Specialization Score

1© Jsayre64 · CC BY-SA 3.0

Eugene, ORMetro

Volume 351Mix 7.64% of portfolio

100/100

Exceptional

2© Khtexg98537 at English Wikipedia · CC BY-SA 3.0

Albany, ORMetro

Volume 57Mix 1.24% of portfolio

91/100

Exceptional

3© James Pressley · CC BY-SA 3.0

Chattanooga, TN, TN-GAMetro

Volume 230Mix 5.01% of portfolio

87/100

Exceptional

4© Quintin Soloviev · CC BY 4.0

Stockton, CAMetro

Volume 141Mix 3.07% of portfolio

78/100

Strong

Kennewick, WAMetro

Volume 93Mix 2.02% of portfolio

77/100

Strong

Kansas City, MO, MO-KSMetro

Volume 349Mix 7.60% of portfolio

77/100

Strong

Dalton, GAMetro

Volume 43Mix 0.94% of portfolio

74/100

Strong

Salinas, CAMetro

Volume 59Mix 1.28% of portfolio

74/100

Strong

Reno, NVMetro

Volume 99Mix 2.16% of portfolio

74/100

Strong

Redding, CAMetro

Volume 50Mix 1.09% of portfolio

73/100

Strong

Showing 10 of 49 metro areas

Top States by Place Specialization Score

OregonState

Volume 681Mix 14.83% of portfolio

86/100

Exceptional

CaliforniaState

Volume 684Mix 14.89% of portfolio

73/100

Strong

GeorgiaState

Volume 364Mix 7.93% of portfolio

72/100

Strong

TexasState

Volume 556Mix 12.11% of portfolio

72/100

Strong

TennesseeState

Volume 257Mix 5.60% of portfolio

70/100

Strong

WashingtonState

Volume 216Mix 4.70% of portfolio

70/100

Strong

NevadaState

Volume 144Mix 3.14% of portfolio

69/100

Strong

MissouriState

Volume 266Mix 5.79% of portfolio

69/100

Strong

IdahoState

Volume 186Mix 4.05% of portfolio

68/100

Strong

KansasState

Volume 111Mix 2.42% of portfolio

67/100

Strong

Showing 10 of 24 states

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts

Pricing

Rate and fee competitiveness (33%)

10/ 30 pts

Pull Through

Reliability in closing loans (33%)

10/ 30 pts

Product

Specialization in the loan type (33%)

💎

Champion(80%+ = 24-30 points)

⭐

Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.