Summit Funding.Inc Mortgage Lending & HMDA Data, 2015
In 2015, Summit Funding.Inc of Sacramento, CA reported 19,038 mortgage applications totaling $4.6 billion, up 108% from 2014. The average application was for $240,371, and applicants reported an average income of $91,398. 74% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Sacramento--Roseville--Arden-Arcade, CA (2,428), Oakland-Hayward-Berkeley, CA (1,191) and Stockton-Lodi, CA (927) (applications in parentheses).
| Mortgage Company & Address | Summit Funding.Inc 2135 Butano Drive Suite 150 Sacramento, CA 95825 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 |
| Total Number of Mortgage Applications | 19,038 |
| Total Mortgage Loan Application Amount | $4,576,200,000 |
| Average Mortgage Loan Application Amount | $240,371 |
| Highest Mortgage Loan Application Amount | $2,400,000 |
| Average Applicant Income | $91,398 |
| Highest Applicant Income | $7,786,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Summit Funding.Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Sacramento--Roseville--Arden-Arcade, CA | 2,428 | $ 678,832,000 | $ 279,584 | $ 98,000 |
| Oakland-Hayward-Berkeley, CA | 1,191 | $ 431,096,000 | $ 361,961 | $ 130,000 |
| Stockton-Lodi, CA | 927 | $ 209,905,000 | $ 226,434 | $ 78,000 |
| Warren-Troy-Farmington Hills, MI | 870 | $ 160,441,000 | $ 184,414 | $ 98,000 |
| Tucson, AZ | 757 | $ 121,928,000 | $ 161,067 | $ 67,000 |
| Reno, NV | 741 | $ 169,801,000 | $ 229,151 | $ 82,000 |
| Charlotte-Concord-Gastonia, NC-SC | 642 | $ 119,076,000 | $ 185,476 | $ 74,157 |
| Eugene, OR | 613 | $ 132,398,000 | $ 215,983 | $ 76,000 |
| Chico, CA | 608 | $ 141,898,000 | $ 233,384 | $ 89,000 |
| Cincinnati, OH-KY-IN | 531 | $ 85,679,000 | $ 161,354 | $ 69,802 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 487 | $ 102,577,000 | $ 210,630 | $ 81,000 |
| Kennewick-Richland, WA | 471 | $ 77,769,000 | $ 165,114 | $ 70,000 |
| Riverside-San Bernardino-Ontario, CA | 462 | $ 100,762,000 | $ 218,099 | $ 89,000 |
| Phoenix-Mesa-Scottsdale, AZ | 415 | $ 83,759,000 | $ 201,828 | $ 81,000 |
| Santa Rosa, CA | 405 | $ 145,121,000 | $ 358,323 | $ 111,000 |
| Denver-Aurora-Lakewood, CO | 395 | $ 98,741,000 | $ 249,977 | $ 87,000 |
| Vallejo-Fairfield, CA | 344 | $ 100,473,000 | $ 292,072 | $ 93,000 |
| Salinas, CA | 314 | $ 124,472,000 | $ 396,407 | $ 126,000 |
| Dallas-Plano-Irving, TX | 305 | $ 64,150,000 | $ 210,327 | $ 93,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 267 | $ 71,866,000 | $ 269,161 | $ 104,681 |
| Modesto, CA | 258 | $ 41,514,000 | $ 160,906 | $ 71,000 |
| Columbus, OH | 241 | $ 30,318,000 | $ 125,800 | $ 55,000 |
| New Orleans-Metairie, LA | 241 | $ 44,210,000 | $ 183,443 | $ 84,000 |
| Chicago-Naperville-Arlington Heights, IL | 218 | $ 70,062,000 | $ 321,385 | $ 157,000 |
| Redding, CA | 212 | $ 43,975,000 | $ 207,429 | $ 71,000 |
| Detroit-Dearborn-Livonia, MI | 202 | $ 32,735,000 | $ 162,054 | $ 73,000 |
| Portland-South Portland, ME | 199 | $ 42,383,000 | $ 212,979 | $ 94,000 |
| Boise City, ID | 183 | $ 29,319,000 | $ 160,213 | $ 68,000 |
| San Diego-Carlsbad, CA | 178 | $ 72,410,000 | $ 406,797 | $ 105,000 |
| Lewiston, ID-WA | 171 | $ 28,672,000 | $ 167,672 | $ 68,380 |
| Spokane-Spokane Valley, WA | 170 | $ 21,521,000 | $ 126,594 | $ 57,000 |
| Albuquerque, NM | 163 | $ 26,194,000 | $ 160,699 | $ 65,000 |
| Anaheim-Santa Ana-Irvine, CA | 145 | $ 69,961,000 | $ 482,489 | $ 144,000 |
| Merced, CA | 143 | $ 33,443,000 | $ 233,867 | $ 102,000 |
| Bend-Redmond, OR | 140 | $ 36,232,000 | $ 258,800 | $ 111,000 |
| Medford, OR | 138 | $ 27,149,000 | $ 196,731 | $ 69,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 136 | $ 19,411,000 | $ 142,727 | $ 57,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 127 | $ 62,595,000 | $ 492,874 | $ 150,000 |
| Yuba City, CA | 120 | $ 24,406,000 | $ 203,383 | $ 67,000 |
| San Francisco-Redwood City-South San Francisco, CA | 103 | $ 51,493,000 | $ 499,932 | $ 162,000 |
| Houston-The Woodlands-Sugar Land, TX | 101 | $ 23,815,000 | $ 235,792 | $ 126,000 |
| Los Angeles-Long Beach-Glendale, CA | 97 | $ 33,113,000 | $ 341,371 | $ 97,000 |
| Santa Maria-Santa Barbara, CA | 74 | $ 31,131,000 | $ 420,689 | $ 164,000 |
| Urban Honolulu, HI | 65 | $ 27,239,000 | $ 419,061 | $ 120,000 |
| Flint, MI | 57 | $ 7,298,000 | $ 128,035 | $ 57,000 |
| Greeley, CO | 57 | $ 13,096,000 | $ 229,754 | $ 70,000 |
| Santa Cruz-Watsonville, CA | 54 | $ 22,908,000 | $ 424,222 | $ 129,000 |
| Ann Arbor, MI | 43 | $ 9,060,000 | $ 210,697 | $ 95,000 |
| Yakima, WA | 35 | $ 5,466,000 | $ 156,171 | $ 64,000 |
| Fort Worth-Arlington, TX | 33 | $ 5,797,000 | $ 175,666 | $ 109,000 |
| Fresno, CA | 31 | $ 5,798,000 | $ 187,032 | $ 96,000 |
| Sierra Vista-Douglas, AZ | 28 | $ 3,656,000 | $ 130,571 | $ 57,000 |
| Napa, CA | 25 | $ 12,347,000 | $ 493,880 | $ 149,000 |
| San Rafael, CA | 24 | $ 13,217,000 | $ 550,708 | $ 167,000 |
| Albany, OR | 22 | $ 3,778,000 | $ 171,727 | $ 60,000 |
| Charlottesville, VA | 22 | $ 4,592,000 | $ 208,727 | $ 68,000 |
| Carson City, NV | 21 | $ 4,122,000 | $ 196,285 | $ 59,000 |
| Hammond, LA | 20 | $ 2,676,000 | $ 133,800 | $ 63,000 |
| Santa Fe, NM | 20 | $ 3,195,000 | $ 159,750 | $ 50,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 16 | $ 5,010,000 | $ 313,125 | $ 99,000 |
| Baton Rouge, LA | 15 | $ 3,294,000 | $ 219,600 | $ 123,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 15 | $ 7,382,000 | $ 492,133 | $ 246,000 |
| Salem, OR | 15 | $ 2,665,000 | $ 177,666 | $ 78,000 |
| Bakersfield, CA | 13 | $ 3,036,000 | $ 233,538 | $ 98,000 |
| Las Vegas-Henderson-Paradise, NV | 13 | $ 2,460,000 | $ 189,230 | $ 150,000 |
| Prescott, AZ | 13 | $ 2,455,000 | $ 188,846 | $ 94,000 |
| Fort Collins, CO | 12 | $ 2,868,000 | $ 239,000 | $ 54,000 |
| Las Cruces, NM | 12 | $ 1,995,000 | $ 166,250 | $ 96,000 |
| Hanford-Corcoran, CA | 11 | $ 2,625,000 | $ 238,636 | $ 86,000 |
| Burlington, NC | 10 | $ 1,159,000 | $ 115,900 | $ 35,000 |
| Hickory-Lenoir-Morganton, NC | 10 | $ 1,033,000 | $ 103,300 | $ 60,000 |
| Winston-Salem, NC | 10 | $ 1,532,000 | $ 153,200 | $ 59,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 9 | $ 2,365,000 | $ 262,777 | $ 107,000 |
| Colorado Springs, CO | 8 | $ 1,677,000 | $ 209,625 | $ 77,000 |
| Jackson, MI | 8 | $ 1,487,000 | $ 185,875 | $ 169,000 |
| Madera, CA | 8 | $ 1,658,000 | $ 207,250 | $ 64,000 |
| Seattle-Bellevue-Everett, WA | 8 | $ 2,918,000 | $ 364,750 | $ 93,000 |
| Columbia, SC | 7 | $ 1,232,000 | $ 176,000 | $ 68,000 |
| Grants Pass, OR | 7 | $ 1,638,000 | $ 234,000 | $ 67,000 |
| Lake Havasu City-Kingman, AZ | 7 | $ 995,000 | $ 142,142 | $ 111,000 |
| Walla Walla, WA | 7 | $ 1,055,000 | $ 150,714 | $ 60,000 |
| Austin-Round Rock, TX | 6 | $ 2,184,000 | $ 364,000 | $ 197,000 |
| Corvallis, OR | 6 | $ 1,070,000 | $ 178,333 | $ 58,000 |
| Dayton, OH | 6 | $ 918,000 | $ 153,000 | $ 43,000 |
| Gary, IN | 6 | $ 1,219,000 | $ 203,166 | $ 147,000 |
| Lansing-East Lansing, MI | 6 | $ 952,000 | $ 158,666 | $ 209,000 |
| Boulder, CO | 5 | $ 1,511,000 | $ 302,200 | $ 114,000 |
| Florence, SC | 5 | $ 489,000 | $ 97,800 | $ 55,000 |
| Lake County-Kenosha County, IL-WI | 5 | $ 2,639,000 | $ 527,800 | $ 237,000 |
| Visalia-Porterville, CA | 5 | $ 1,151,000 | $ 230,200 | $ 148,000 |
| Clarksville, TN-KY | 4 | $ 430,000 | $ 107,500 | $ 51,000 |
| Coeur D'Alene, ID | 4 | $ 1,006,000 | $ 251,500 | $ 75,000 |
| Monroe, MI | 4 | $ 626,000 | $ 156,500 | $ 58,000 |
| Raleigh, NC | 4 | $ 605,000 | $ 151,250 | $ 46,000 |
| Sherman-Denison, TX | 4 | $ 843,000 | $ 210,750 | $ 86,000 |
| Akron, OH | 3 | $ 506,000 | $ 168,666 | $ 64,000 |
| Bangor, ME | 3 | $ 633,000 | $ 211,000 | $ 89,000 |
| Bellingham, WA | 3 | $ 527,000 | $ 175,666 | $ 103,000 |
| Durham-Chapel Hill, NC | 3 | $ 499,000 | $ 166,333 | $ 82,000 |
| Flagstaff, AZ | 3 | $ 564,000 | $ 188,000 | $ 121,000 |
| Grand Rapids-Wyoming, MI | 3 | $ 604,000 | $ 201,333 | $ 77,000 |
| Greensboro-High Point, NC | 3 | $ 401,000 | $ 133,666 | $ 44,000 |
| Lewiston-Auburn, ME | 3 | $ 349,000 | $ 116,333 | $ 69,000 |
| Lexington-Fayette, KY | 3 | $ 572,000 | $ 190,666 | $ 114,000 |
| Peoria, IL | 3 | $ 461,000 | $ 153,666 | $ 59,000 |
| San Antonio-New Braunfels, TX | 3 | $ 661,000 | $ 220,333 | $ 113,000 |
| Staunton-Waynesboro, VA | 3 | $ 619,000 | $ 206,333 | $ 52,000 |
| Tacoma-Lakewood, WA | 3 | $ 1,028,000 | $ 342,666 | $ 202,000 |
| Atlanta-Sandy Springs-Roswell, GA | 2 | $ 481,000 | $ 240,500 | $ 58,000 |
| Bay City, MI | 2 | $ 95,000 | $ 47,500 | $ 123,000 |
| Champaign-Urbana, IL | 2 | $ 287,000 | $ 143,500 | $ 66,000 |
| Charleston-North Charleston, SC | 2 | $ 452,000 | $ 226,000 | $ 66,000 |
| Cleveland-Elyria, OH | 2 | $ 339,000 | $ 169,500 | $ 122,000 |
| Greenville-Anderson-Mauldin, SC | 2 | $ 398,000 | $ 199,000 | $ 30,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 2 | $ 437,000 | $ 218,500 | $ 45,000 |
| Killeen-Temple, TX | 2 | $ 206,000 | $ 103,000 | $ 41,000 |
| Lynchburg, VA | 2 | $ 348,000 | $ 174,000 | $ 50,000 |
| Springfield, OH | 2 | $ 177,000 | $ 88,500 | $ 42,000 |
| Toledo, OH | 2 | $ 280,000 | $ 140,000 | $ 44,000 |
| Wilmington, NC | 2 | $ 1,085,000 | $ 542,500 | $ 183,000 |
| El Centro, CA | 1 | $ 128,000 | $ 128,000 | $ 41,000 |
| Elgin, IL | 1 | $ 83,000 | $ 83,000 | $ 33,000 |
| Farmington, NM | 1 | $ 131,000 | $ 131,000 | $ 51,000 |
| Gulfport-Biloxi-Pascagoula, MS | 1 | $ 132,000 | $ 132,000 | $ 42,000 |
| Jackson, MS | 1 | $ 163,000 | $ 163,000 | $ 34,000 |
| Kahului-Wailuku-Lahaina, HI | 1 | $ 782,000 | $ 782,000 | $ 305,000 |
| Kankakee, IL | 1 | $ 118,000 | $ 118,000 | $ 48,000 |
| Knoxville, TN | 1 | $ 196,000 | $ 196,000 | $ 113,000 |
| Lafayette, LA | 1 | $ 348,000 | $ 348,000 | $ 135,000 |
| Lima, OH | 1 | $ 123,000 | $ 123,000 | $ 52,000 |
| Longview, TX | 1 | $ 95,000 | $ 95,000 | $ 31,000 |
| Longview, WA | 1 | $ 252,000 | $ 252,000 | $ 62,000 |
| Mansfield, OH | 1 | $ 59,000 | $ 59,000 | $ 42,000 |
| Michigan City-La Porte, IN | 1 | $ 487,000 | $ 487,000 | $ 250,000 |
| Midland, MI | 1 | $ 417,000 | $ 417,000 | $ 463,000 |
| Olympia-Tumwater, WA | 1 | $ 210,000 | $ 210,000 | $ 206,000 |
| Pocatello, ID | 1 | $ 113,000 | $ 113,000 | $ 50,000 |
| Pueblo, CO | 1 | $ 191,000 | $ 191,000 | $ 0 |
| Richmond, VA | 1 | $ 165,000 | $ 165,000 | $ 34,000 |
| San Angelo, TX | 1 | $ 125,000 | $ 125,000 | $ 75,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 211,000 | $ 211,000 | $ 51,000 |
| Yuma, AZ | 1 | $ 298,000 | $ 298,000 | $ 78,000 |
Mortgage Loan Application Detail Totals for Summit Funding.Inc in 2015
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 14,884 | $3,443,050,000 | $231,000 | $2,400,000 | $89,000 | $5,901,000 |
| Refinancing | 4,149 | $1,132,082,000 | $272,000 | $1,600,000 | $100,000 | $7,786,000 |
| Home Improvement | 5 | $1,068,000 | $213,000 | $503,000 | $95,000 | $155,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 13,643 | $3,307,218,000 | $242,000 | $2,400,000 | $95,000 | $7,786,000 |
| Hispanic | 2,646 | $557,480,000 | $210,000 | $1,000,000 | $70,000 | $893,000 |
| Black or African American | 993 | $208,396,000 | $209,000 | $1,660,000 | $75,000 | $766,000 |
| Asian | 913 | $263,750,000 | $288,000 | $1,088,000 | $103,000 | $861,000 |
| Not Provided | 539 | $158,649,000 | $294,000 | $1,300,000 | $107,000 | $606,000 |
| American Indian or Alaskan Native | 147 | $35,915,000 | $244,000 | $920,000 | $84,000 | $281,000 |
| Native Hawaiian or Other Pacific Islander | 136 | $40,371,000 | $296,000 | $1,180,000 | $89,000 | $307,000 |
| Not applicable | 21 | $4,421,000 | $210,000 | $394,000 | $69,000 | $169,000 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 10,542 | $2,651,313,000 | $251,000 | $2,400,000 | $108,000 | $7,786,000 |
| FHA-insured (Federal Housing Administration) | 6,460 | $1,413,910,000 | $218,000 | $682,000 | $68,000 | $5,901,000 |
| VA-guaranteed (Veterans Administration) | 1,507 | $422,768,000 | $280,000 | $1,392,000 | $82,000 | $725,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 529 | $88,209,000 | $166,000 | $444,000 | $51,000 | $121,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 14,159 | $3,368,505,000 | $237,000 | $1,776,000 | $89,000 | $2,568,000 |
| Application Withdrawn By Applicant | 3,760 | $914,250,000 | $243,000 | $2,400,000 | $95,000 | $7,786,000 |
| Application Denied By Financial Institution | 812 | $215,832,000 | $265,000 | $1,783,000 | $102,000 | $7,376,000 |
| Application Approved But Not Accepted | 242 | $63,004,000 | $260,000 | $940,000 | $85,000 | $430,000 |
| File Closed For Incompleteness | 65 | $14,609,000 | $224,000 | $650,000 | $74,000 | $300,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Other | 449 | $110,746,000 | $246,000 | $1,200,000 | $105,000 | $7,376,000 |
| Debt-To-Income Ratio | 170 | $52,999,000 | $311,000 | $1,783,000 | $94,000 | $601,000 |
| Credit History | 73 | $18,766,000 | $257,000 | $712,000 | $93,000 | $335,000 |
| Credit Application Incomplete | 54 | $16,317,000 | $302,000 | $1,480,000 | $107,000 | $534,000 |
| Employment History | 17 | $4,120,000 | $242,000 | $415,000 | $85,000 | $174,000 |
| Collateral | 11 | $1,833,000 | $166,000 | $330,000 | $81,000 | $171,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $1,422,000 | $711,000 | $1,040,000 | $696,000 | $1,338,000 |
| Mortgage Insurance Denied | 1 | $69,000 | $69,000 | $69,000 | $73,000 | $73,000 |
| Unverifiable Information | 1 | $62,000 | $62,000 | $62,000 | $33,000 | $33,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Summit Funding.Inc's 2015 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Summit Funding.Inc's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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