What loan types does THE SUMMIT Federal Credit Union offer?

THE SUMMIT Federal Credit Union offers the following mortgage loan types: Conventional. Each product has its own pricing score and performance metrics.

Where does THE SUMMIT Federal Credit Union offer mortgages?

THE SUMMIT Federal Credit Union offers mortgages in 1 states: NY.

How competitive are THE SUMMIT Federal Credit Union's mortgage rates?

THE SUMMIT Federal Credit Union has an overall pricing score of 90/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is THE SUMMIT Federal Credit Union?

THE SUMMIT Federal Credit Union is a Credit Union headquartered in ROCHESTER, NY.

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THE SUMMIT Federal Credit Union

Credit Union•Rochester, NYHQ•Direct•Reviews near you on Google

THE SUMMIT Federal Credit Union has 133 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Exceptional

5/5

vs. all lenders

Pull-through

Sound

3/5

closing strength

Product

Sound

3/5

Conventional

Place

Sound

3/5

Single State · 3 mkts

Summary

What They Do Well

Offers rates 2.00 basis points below market average
Lower than average lender fees

Explore another lender or local market

Report Card

THE SUMMIT Federal Credit Union performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Exceptional

Rates 2.0 bps below market avg

Pull Through

Closing strength

Sound

Top 60% of lenders

By Loan Product· Specialization by type

Conventional

Sound

Top 60% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Sound

Top 60% of lenders

Refinance

Sound

Top 60% of lenders

By Location· Geographic coverage

Geographic Reach

Single State · 4 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	Sound	Exceptional	Acceptable	133	100.0%	-0.020%Below	$398Fees

Conventional

Overall

Sound

Product

Sound

Pricing

Exceptional

Pull Through

Acceptable

Volume133

Mix100.0%

Spread

-0.020%Below

Fees

$398Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Sound	Exceptional	Acceptable	105	78.9%	-0.031%Below	$432Fees
Refinance	Sound	Sound	Strong	Sound	28	21.1%	+0.018%Above	$273Fees

Purchase

Overall

Sound

Product

Sound

Pricing

Exceptional

Pull Through

Acceptable

Volume105

Mix78.9%

Spread

-0.031%Below

Fees

$432Fees

Refinance

Overall

Sound

Product

Sound

Pricing

Strong

Pull Through

Sound

Volume28

Mix21.1%

Spread

+0.018%Above

Fees

$273Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

133

Applications

217

Volume

$24 million

Pricing & Closing

Avg Rate Spread

-0.020%

vs. market APOR

Avg Net Fees

$398

Origination − Credits

Pullthrough Rate

61.3%

Applications → Closed

Typical Borrower

Avg Loan Amount

$181,391

Avg Borrower Income

$99,053

Avg Property Value

$259,320

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

Northeast1

Top Metro Areas by Place Specialization Score

Rochester, NYMetro

Volume 79Mix 59.40% of portfolio

69/100

Strong

Buffalo, NYMetro

Volume 30Mix 22.56% of portfolio

59/100

Sound

Syracuse, NYMetro

Volume 13Mix 9.77% of portfolio

47/100

Sound

Top States by Place Specialization Score

New YorkState

Volume 133Mix 100.00% of portfolio

71/100

Strong

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.