What loan types does Summit Mortgage Corporation offer?

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

Where does Summit Mortgage Corporation offer mortgages?

Summit Mortgage Corporation offers mortgages in 23 states: AZ, CA, CO, FL, GA, IA, ID, IL, LA, MI, MN, MT, NC, NJ, OR, PA, SC, SD, TX, UT, VA, WA, WI.

How competitive are Summit Mortgage Corporation's mortgage rates?

Summit Mortgage Corporation has an overall pricing score of 29.2/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Summit Mortgage Corporation?

Summit Mortgage Corporation is a Independent Mortgage Company headquartered in Plymouth, MN.

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Summit Mortgage Corporation

Independent Mortgage Company•Plymouth, MNHQ•Direct•Reviews near you on Google

We analyzed every closed loan from Summit Mortgage Corporation — 1.3k loans across 2k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Acceptable

2/5

vs. all lenders

Pull-through

Strong

4/5

closing strength

Product

Strong

4/5

FHA · Conventional · VA · Jumbo · USDA

Place

Sound

3/5

Multi-Region · 13 mkts

Awards

Superstar

Summary

What They Do Well

Strong pull through performance
Particularly strong in Conventional and FHA and VA and USDA loans

Things to Think About

Pricing may be below industry average

Explore another lender or local market

Report Card

Summit Mortgage Corporation performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Acceptable

+38.5 bps above market avg

Pull Through

Closing strength

Strong

Top 40% of lenders

By Loan Product· Specialization by type

Conventional

Strong

Top 40% of lenders

FHA

Strong

Top 40% of lenders

Strong

Top 40% of lenders

Jumbo

Sound

Top 60% of lenders

USDA

Strong

Top 40% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Strong

Top 40% of lenders

Refinance

Sound

Top 60% of lenders

By Location· Geographic coverage

Geographic Reach

Multi-Regional · 14 markets

Sound

Top 60% of lenders

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Sound	Strong	Acceptable	Strong	998	74.9%	+0.377%Above	$3,158Fees
FHA Loans	Sound	Strong	Acceptable	Strong	212	15.9%	+0.720%Above	$3,704Fees
VA Loans	Sound	Strong	Sound	Sound	70	5.3%	-0.302%Below	$2,408Fees
Jumbo Loans	Sound	Sound	—	—	11	0.8%	+0.329%Above	$2,759Fees
USDA Loans	Strong	Strong	—	Strong	41	3.1%	+0.246%Above	$2,382Fees

Conventional

Overall

Sound

Product

Strong

Pricing

Acceptable

Pull Through

Strong

Volume998

Mix74.9%

Spread

+0.377%Above

Fees

$3,158Fees

FHA Loans

Overall

Sound

Product

Strong

Pricing

Acceptable

Pull Through

Strong

Volume212

Mix15.9%

Spread

+0.720%Above

Fees

$3,704Fees

VA Loans

Overall

Sound

Product

Strong

Pricing

Sound

Pull Through

Sound

Volume70

Mix5.3%

Spread

-0.302%Below

Fees

$2,408Fees

Jumbo Loans

Overall

Sound

Product

Sound

Pricing—

Pull Through—

Volume11

Mix0.8%

Spread

+0.329%Above

Fees

$2,759Fees

USDA Loans

Overall

Strong

Product

Strong

Pricing—

Pull Through

Strong

Volume41

Mix3.1%

Spread

+0.246%Above

Fees

$2,382Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Strong	Acceptable	Strong	1,239	93.0%	+0.385%Above	$3,192Fees
Refinance	Sound	Sound	Sound	Acceptable	93	7.0%	+0.388%Above	$2,995Fees

Purchase

Overall

Sound

Product

Strong

Pricing

Acceptable

Pull Through

Strong

Volume1,239

Mix93.0%

Spread

+0.385%Above

Fees

$3,192Fees

Refinance

Overall

Sound

Product

Sound

Pricing

Sound

Pull Through

Acceptable

Volume93

Mix7.0%

Spread

+0.388%Above

Fees

$2,995Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

1,332

Applications

1,789

Volume

$407 million

Pricing & Closing

Avg Rate Spread

+0.385%

vs. market APOR

Avg Net Fees

$3,175

Origination − Credits

Pullthrough Rate

74.5%

Applications → Closed

Typical Borrower

Avg Loan Amount

$305,916

Avg Borrower Income

$131,032

Avg Property Value

$390,398

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Sound

3/5

States with Loan Originations

Northeast2

NJPA

Midwest6

IAILMIMNSDWI

South7

FLGALANCSCTXVA

West8

AZCACOIDMTORUTWA

Top Metro Areas by Place Specialization Score

1© w_lemay · CC BY-SA 2.0

Minneapolis, MN-WIMetro

Volume 468Mix 35.14% of portfolio

82/100

Exceptional

2© P,TO 19104 · CC BY-SA 4.0

Naples, FLMetro

Volume 65Mix 4.88% of portfolio

79/100

Strong

3© ENN · CC BY-SA 3.0

Duluth, MN, MN-WIMetro

Volume 88Mix 6.61% of portfolio

72/100

Strong

4© Quintin Soloviev · CC BY 4.0

Denver, COMetro

Volume 66Mix 4.95% of portfolio

60/100

Sound

Cape Coral, FLMetro

Volume 41Mix 3.08% of portfolio

59/100

Sound

Montgomery County, PAMetro

Volume 38Mix 2.85% of portfolio

58/100

Sound

Colorado Springs, COMetro

Volume 40Mix 3.00% of portfolio

58/100

Sound

Scranton, PAMetro

Volume 23Mix 1.73% of portfolio

53/100

Sound

Jacksonville, FLMetro

Volume 24Mix 1.80% of portfolio

50/100

Sound

Boise City, IDMetro

Volume 21Mix 1.58% of portfolio

48/100

Sound

Showing 10 of 13 metro areas

Top States by Place Specialization Score

MinnesotaState

Volume 639Mix 47.97% of portfolio

84/100

Exceptional

PennsylvaniaState

Volume 208Mix 15.62% of portfolio

70/100

Strong

ColoradoState

Volume 114Mix 8.56% of portfolio

63/100

Strong

FloridaState

Volume 154Mix 11.56% of portfolio

61/100

Strong

WisconsinState

Volume 41Mix 3.08% of portfolio

53/100

Sound

North CarolinaState

Volume 45Mix 3.38% of portfolio

50/100

Sound

LouisianaState

Volume 25Mix 1.88% of portfolio

48/100

Sound

IdahoState

Volume 23Mix 1.73% of portfolio

47/100

Sound

OregonState

Volume 17Mix 1.28% of portfolio

44/100

Sound

CaliforniaState

Volume 19Mix 1.43% of portfolio

40/100

Acceptable

Showing 10 of 11 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.