# SUMMIT FUNDING, INC.

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

> **📋 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

## Safe Rate Awards 🏆

- ⭐ **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 😀 |
| 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 😀 |

## 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 |

## 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.

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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:** 2026-05-29
**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

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