Summit Funding.Inc Mortgage Lending & HMDA Data, 2019
In 2019, Summit Funding.Inc of Sacramento, CA reported 20,250 mortgage applications totaling $5.7 billion, up 27% from 2018. The average application was for $279,724, and applicants reported an average income of $103,483. 75% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Sacramento--Roseville--Arden-Arcade, CA (1,581), Stockton-Lodi, CA (1,369) and Warren-Troy-Farmington Hills, MI (1,100) (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 | 20,250 |
| Total Mortgage Loan Application Amount | $5,664,420,000 |
| Average Mortgage Loan Application Amount | $279,724 |
| Highest Mortgage Loan Application Amount | $2,425,000 |
| Average Applicant Income | $103,483 |
| Highest Applicant Income | $2,656,000 |
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Act (HMDA) records Summit Funding.Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Outside any metro area | 1,834 | $ 394,180,000 | $ 214,929 | $ 87,142 |
| Sacramento--Roseville--Arden-Arcade, CA | 1,581 | $ 482,705,000 | $ 305,316 | $ 114,000 |
| Stockton-Lodi, CA | 1,369 | $ 388,785,000 | $ 283,991 | $ 101,000 |
| Warren-Troy-Farmington Hills, MI | 1,100 | $ 219,370,000 | $ 199,427 | $ 89,000 |
| Oakland-Hayward-Berkeley, CA | 954 | $ 457,240,000 | $ 479,287 | $ 144,000 |
| Eugene, OR | 790 | $ 217,870,000 | $ 275,784 | $ 97,000 |
| Tucson, AZ | 782 | $ 150,040,000 | $ 191,867 | $ 73,000 |
| Phoenix-Mesa-Scottsdale, AZ | 772 | $ 186,110,000 | $ 241,075 | $ 92,000 |
| Chico, CA | 735 | $ 204,295,000 | $ 277,952 | $ 104,000 |
| Dallas-Plano-Irving, TX | 693 | $ 227,155,000 | $ 327,784 | $ 133,000 |
| Chicago-Naperville, IL | 690 | $ 258,950,000 | $ 375,289 | $ 159,000 |
| Charlotte-Concord-Gastonia, NC-SC | 619 | $ 143,125,000 | $ 231,219 | $ 85,025 |
| Reno, NV | 587 | $ 147,315,000 | $ 250,962 | $ 86,000 |
| San Diego-Carlsbad, CA | 562 | $ 282,050,000 | $ 501,868 | $ 130,000 |
| Kennewick-Richland, WA | 553 | $ 100,345,000 | $ 181,455 | $ 76,000 |
| Riverside-San Bernardino-Ontario, CA | 549 | $ 154,555,000 | $ 281,520 | $ 97,000 |
| Cincinnati, OH-KY-IN | 504 | $ 84,010,000 | $ 166,686 | $ 71,440 |
| Modesto, CA | 376 | $ 80,090,000 | $ 213,005 | $ 87,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 369 | $ 91,585,000 | $ 248,197 | $ 85,000 |
| Detroit-Dearborn-Livonia, MI | 354 | $ 48,980,000 | $ 138,361 | $ 71,000 |
| Santa Rosa, CA | 341 | $ 160,885,000 | $ 471,803 | $ 143,000 |
| Salinas, CA | 327 | $ 153,605,000 | $ 469,740 | $ 162,000 |
| Boise City, ID | 288 | $ 66,500,000 | $ 230,902 | $ 79,000 |
| Merced, CA | 225 | $ 51,305,000 | $ 228,022 | $ 131,000 |
| Vallejo-Fairfield, CA | 216 | $ 78,320,000 | $ 362,592 | $ 116,000 |
| Chattanooga, TN-GA | 196 | $ 28,240,000 | $ 144,081 | $ 67,331 |
| Portland-Vancouver-Hillsboro, OR-WA | 160 | $ 60,940,000 | $ 380,875 | $ 133,243 |
| Lewiston, ID-WA | 157 | $ 26,635,000 | $ 169,649 | $ 70,859 |
| Baton Rouge, LA | 147 | $ 24,295,000 | $ 165,272 | $ 64,000 |
| Los Angeles-Long Beach-Glendale, CA | 134 | $ 62,180,000 | $ 464,029 | $ 144,000 |
| Redding, CA | 130 | $ 29,180,000 | $ 224,461 | $ 84,000 |
| Bend-Redmond, OR | 106 | $ 41,880,000 | $ 395,094 | $ 141,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 93 | $ 48,055,000 | $ 516,720 | $ 143,000 |
| Flint, MI | 79 | $ 12,525,000 | $ 158,544 | $ 65,000 |
| New Orleans-Metairie, LA | 75 | $ 13,185,000 | $ 175,800 | $ 67,000 |
| Yuba City, CA | 74 | $ 15,850,000 | $ 214,189 | $ 82,000 |
| Fort Worth-Arlington, TX | 72 | $ 19,090,000 | $ 265,138 | $ 102,000 |
| Green Bay, WI | 66 | $ 12,320,000 | $ 186,666 | $ 82,000 |
| Hickory-Lenoir-Morganton, NC | 63 | $ 12,865,000 | $ 204,206 | $ 75,000 |
| Santa Cruz-Watsonville, CA | 60 | $ 31,540,000 | $ 525,666 | $ 209,000 |
| Tulsa, OK | 60 | $ 14,370,000 | $ 239,500 | $ 88,000 |
| Atlanta-Sandy Springs-Roswell, GA | 57 | $ 13,585,000 | $ 238,333 | $ 93,000 |
| Washington-Baltimore-Arlington, DC | 54 | $ 16,790,000 | $ 310,925 | $ 107,000 |
| Idaho Falls, ID | 51 | $ 8,885,000 | $ 174,215 | $ 87,000 |
| Fresno, CA | 50 | $ 12,430,000 | $ 248,600 | $ 114,000 |
| Spokane-Spokane Valley, WA | 48 | $ 9,490,000 | $ 197,708 | $ 81,000 |
| Bakersfield, CA | 47 | $ 9,595,000 | $ 204,148 | $ 86,000 |
| Pocatello, ID | 43 | $ 4,045,000 | $ 94,069 | $ 56,000 |
| Urban Honolulu, HI | 42 | $ 26,500,000 | $ 630,952 | $ 213,000 |
| Medford, OR | 40 | $ 10,490,000 | $ 262,250 | $ 105,000 |
| Albany, OR | 38 | $ 10,100,000 | $ 265,789 | $ 86,000 |
| Ann Arbor, MI | 37 | $ 8,195,000 | $ 221,486 | $ 96,000 |
| San Rafael, CA | 35 | $ 20,005,000 | $ 571,571 | $ 161,000 |
| Anaheim-Santa Ana-Irvine, CA | 34 | $ 15,440,000 | $ 454,117 | $ 130,000 |
| San Francisco-Redwood City-South San Francisco, CA | 31 | $ 20,115,000 | $ 648,870 | $ 189,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 30 | $ 6,550,000 | $ 218,333 | $ 137,000 |
| Yakima, WA | 28 | $ 4,160,000 | $ 148,571 | $ 77,000 |
| Cleveland, TN | 25 | $ 3,265,000 | $ 130,600 | $ 65,000 |
| Hammond, LA | 25 | $ 3,695,000 | $ 147,800 | $ 47,000 |
| Napa, CA | 24 | $ 11,770,000 | $ 490,416 | $ 164,000 |
| Visalia-Porterville, CA | 24 | $ 4,980,000 | $ 207,500 | $ 90,000 |
| Denver-Aurora-Lakewood, CO | 23 | $ 6,595,000 | $ 286,739 | $ 71,000 |
| Lake County-Kenosha County, IL-WI | 22 | $ 9,650,000 | $ 438,636 | $ 190,681 |
| Prescott Valley-Prescott, AZ | 22 | $ 5,890,000 | $ 267,727 | $ 133,000 |
| Baltimore-Columbia-Towson, MD | 19 | $ 3,325,000 | $ 175,000 | $ 81,000 |
| Carson City, NV | 19 | $ 5,175,000 | $ 272,368 | $ 89,000 |
| Olympia-Tumwater, WA | 19 | $ 4,465,000 | $ 235,000 | $ 81,000 |
| Monroe, MI | 18 | $ 3,320,000 | $ 184,444 | $ 75,000 |
| Las Vegas-Henderson-Paradise, NV | 17 | $ 4,935,000 | $ 290,294 | $ 101,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 16 | $ 7,060,000 | $ 441,250 | $ 130,000 |
| Elgin, IL | 14 | $ 3,160,000 | $ 225,714 | $ 120,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 14 | $ 2,520,000 | $ 180,000 | $ 124,000 |
| Lansing-East Lansing, MI | 14 | $ 2,000,000 | $ 142,857 | $ 73,000 |
| Madera, CA | 14 | $ 3,200,000 | $ 228,571 | $ 89,000 |
| Santa Maria-Santa Barbara, CA | 14 | $ 5,410,000 | $ 386,428 | $ 122,000 |
| Coeur D'Alene, ID | 13 | $ 4,275,000 | $ 328,846 | $ 158,000 |
| Greensboro-High Point, NC | 13 | $ 1,825,000 | $ 140,384 | $ 92,000 |
| Houston-The Woodlands-Sugar Land, TX | 12 | $ 3,310,000 | $ 275,833 | $ 145,000 |
| Appleton, WI | 11 | $ 1,885,000 | $ 171,363 | $ 68,000 |
| El Centro, CA | 10 | $ 2,050,000 | $ 205,000 | $ 68,000 |
| Grants Pass, OR | 10 | $ 2,180,000 | $ 218,000 | $ 142,000 |
| Salem, OR | 10 | $ 3,180,000 | $ 318,000 | $ 94,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 10 | $ 4,230,000 | $ 423,000 | $ 124,000 |
| Seattle-Bellevue-Everett, WA | 10 | $ 3,360,000 | $ 336,000 | $ 118,000 |
| Winston-Salem, NC | 10 | $ 1,340,000 | $ 134,000 | $ 78,000 |
| Austin-Round Rock, TX | 9 | $ 3,225,000 | $ 358,333 | $ 143,000 |
| Corvallis, OR | 9 | $ 2,635,000 | $ 292,777 | $ 146,000 |
| Walla Walla, WA | 9 | $ 2,055,000 | $ 228,333 | $ 111,000 |
| Dayton-Springfield-Kettering, OH | 8 | $ 1,000,000 | $ 125,000 | $ 54,000 |
| Hanford-Corcoran, CA | 8 | $ 1,860,000 | $ 232,500 | $ 103,000 |
| Clarksville, TN-KY | 7 | $ 1,175,000 | $ 167,857 | $ 51,000 |
| Milwaukee-Waukesha-West Allis, WI | 7 | $ 1,785,000 | $ 255,000 | $ 86,000 |
| Raleigh, NC | 7 | $ 2,235,000 | $ 319,285 | $ 121,000 |
| Sierra Vista-Douglas, AZ | 7 | $ 565,000 | $ 80,714 | $ 43,000 |
| Durham-Chapel Hill, NC | 6 | $ 1,000,000 | $ 166,666 | $ 72,000 |
| Flagstaff, AZ | 6 | $ 2,420,000 | $ 403,333 | $ 196,000 |
| Knoxville, TN | 6 | $ 1,020,000 | $ 170,000 | $ 54,000 |
| Oshkosh-Neenah, WI | 6 | $ 1,010,000 | $ 168,333 | $ 60,000 |
| Tuscaloosa, AL | 6 | $ 1,030,000 | $ 171,666 | $ 50,000 |
| Bellingham, WA | 5 | $ 1,685,000 | $ 337,000 | $ 93,000 |
| Grand Rapids-Wyoming, MI | 5 | $ 1,435,000 | $ 287,000 | $ 134,000 |
| Hagerstown-Martinsburg, MD-WV | 5 | $ 1,365,000 | $ 273,000 | $ 131,000 |
| Jackson, MI | 5 | $ 975,000 | $ 195,000 | $ 78,000 |
| Lake Havasu City-Kingman, AZ | 5 | $ 1,165,000 | $ 233,000 | $ 108,000 |
| Longview, WA | 5 | $ 935,000 | $ 187,000 | $ 54,000 |
| Waco, TX | 5 | $ 1,565,000 | $ 313,000 | $ 146,000 |
| Bay City, MI | 4 | $ 250,000 | $ 62,500 | $ 54,000 |
| Columbia, SC | 4 | $ 930,000 | $ 232,500 | $ 127,000 |
| Gainesville, GA | 4 | $ 810,000 | $ 202,500 | $ 81,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 4 | $ 1,290,000 | $ 322,500 | $ 121,000 |
| Rome, GA | 4 | $ 580,000 | $ 145,000 | $ 88,000 |
| Sherman-Denison, TX | 4 | $ 510,000 | $ 127,500 | $ 71,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 4 | $ 2,060,000 | $ 515,000 | $ 98,000 |
| Dalton, GA | 3 | $ 435,000 | $ 145,000 | $ 82,000 |
| Fayetteville, NC | 3 | $ 375,000 | $ 125,000 | $ 50,000 |
| Fort Collins, CO | 3 | $ 825,000 | $ 275,000 | $ 399,000 |
| Huntsville, AL | 3 | $ 1,005,000 | $ 335,000 | $ 137,000 |
| Jackson, MS | 3 | $ 205,000 | $ 68,333 | $ 56,000 |
| Jacksonville, FL | 3 | $ 475,000 | $ 158,333 | $ 192,000 |
| Kalamazoo-Portage, MI | 3 | $ 275,000 | $ 91,666 | $ 184,000 |
| Killeen-Temple, TX | 3 | $ 395,000 | $ 131,666 | $ 59,000 |
| Little Rock-North Little Rock-Conway, AR | 3 | $ 345,000 | $ 115,000 | $ 37,000 |
| Longview, TX | 3 | $ 605,000 | $ 201,666 | $ 164,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 3 | $ 705,000 | $ 235,000 | $ 242,333 |
| North Port-Sarasota-Bradenton, FL | 3 | $ 975,000 | $ 325,000 | $ 78,000 |
| Orlando-Kissimmee-Sanford, FL | 3 | $ 785,000 | $ 261,666 | $ 203,000 |
| Salt Lake City, UT | 3 | $ 885,000 | $ 295,000 | $ 100,000 |
| Spartanburg, SC | 3 | $ 585,000 | $ 195,000 | $ 98,000 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 555,000 | $ 185,000 | $ 92,000 |
| Albany, GA | 2 | $ 730,000 | $ 365,000 | $ 218,000 |
| Birmingham-Hoover, AL | 2 | $ 250,000 | $ 125,000 | $ 103,000 |
| Bloomington, IL | 2 | $ 370,000 | $ 185,000 | $ 94,000 |
| Burlington, NC | 2 | $ 210,000 | $ 105,000 | $ 29,000 |
| Colorado Springs, CO | 2 | $ 530,000 | $ 265,000 | $ 80,000 |
| Columbus, IN | 2 | $ 310,000 | $ 155,000 | $ 70,000 |
| Columbus, OH | 2 | $ 230,000 | $ 115,000 | $ 60,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 1,000,000 | $ 500,000 | $ 111,000 |
| Greeley, CO | 2 | $ 560,000 | $ 280,000 | $ 50,000 |
| Lakeland-Winter Haven, FL | 2 | $ 390,000 | $ 195,000 | $ 118,000 |
| Mount Vernon-Anacortes, WA | 2 | $ 240,000 | $ 120,000 | $ 68,000 |
| Niles-Benton Harbor, MI | 2 | $ 360,000 | $ 180,000 | $ 226,000 |
| Ocala, FL | 2 | $ 270,000 | $ 135,000 | $ 329,000 |
| Punta Gorda, FL | 2 | $ 200,000 | $ 100,000 | $ 88,000 |
| Richmond, VA | 2 | $ 800,000 | $ 400,000 | $ 158,000 |
| Saginaw, MI | 2 | $ 250,000 | $ 125,000 | $ 96,000 |
| San Antonio-New Braunfels, TX | 2 | $ 790,000 | $ 395,000 | $ 198,000 |
| Tacoma-Lakewood, WA | 2 | $ 740,000 | $ 370,000 | $ 117,000 |
| Texarkana, TX-AR | 2 | $ 530,000 | $ 265,000 | $ 126,000 |
| Tyler, TX | 2 | $ 350,000 | $ 175,000 | $ 60,000 |
| Wausau, WI | 2 | $ 520,000 | $ 260,000 | $ 106,000 |
| Wilmington, NC | 2 | $ 750,000 | $ 375,000 | $ 93,000 |
| Yuma, AZ | 2 | $ 200,000 | $ 100,000 | $ 63,000 |
| Amarillo, TX | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Asheville, NC | 1 | $ 125,000 | $ 125,000 | $ 42,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 315,000 | $ 315,000 | $ 76,000 |
| Beaumont-Port Arthur, TX | 1 | $ 295,000 | $ 295,000 | $ 0 |
| Cape Coral-Fort Myers, FL | 1 | $ 455,000 | $ 455,000 | $ 265,000 |
| Cleveland-Elyria, OH | 1 | $ 95,000 | $ 95,000 | $ 216,000 |
| College Station-Bryan, TX | 1 | $ 155,000 | $ 155,000 | $ 27,000 |
| Columbus, GA-AL | 1 | $ 125,000 | $ 125,000 | $ 50,000 |
| Davenport-Moline-Rock Island, IA-IL | 1 | $ 165,000 | $ 165,000 | $ 47,000 |
| Fort Wayne, IN | 1 | $ 215,000 | $ 215,000 | $ 50,000 |
| Gary, IN | 1 | $ 165,000 | $ 165,000 | $ 60,000 |
| Greenville, NC | 1 | $ 65,000 | $ 65,000 | $ 40,000 |
| Indianapolis-Carmel-Anderson, IN | 1 | $ 465,000 | $ 465,000 | $ 110,000 |
| Janesville-Beloit, WI | 1 | $ 225,000 | $ 225,000 | $ 174,000 |
| Louisville/Jefferson County, KY-IN | 1 | $ 725,000 | $ 725,000 | $ 0 |
| Madison, WI | 1 | $ 305,000 | $ 305,000 | $ 80,000 |
| Mankato-North Mankato, MN | 1 | $ 435,000 | $ 435,000 | $ 208,000 |
| Memphis, TN-MS-AR | 1 | $ 55,000 | $ 55,000 | $ 288,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 595,000 | $ 595,000 | $ 163,000 |
| Midland, MI | 1 | $ 405,000 | $ 405,000 | $ 75,000 |
| Midland, TX | 1 | $ 265,000 | $ 265,000 | $ 96,000 |
| Mobile, AL | 1 | $ 235,000 | $ 235,000 | $ 56,000 |
| Ogden-Clearfield, UT | 1 | $ 445,000 | $ 445,000 | $ 90,000 |
| Oklahoma City, OK | 1 | $ 225,000 | $ 225,000 | $ 100,000 |
| Peoria, IL | 1 | $ 215,000 | $ 215,000 | $ 135,000 |
| Rockford, IL | 1 | $ 155,000 | $ 155,000 | $ 168,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 455,000 | $ 455,000 | $ 229,000 |
| Staunton-Waynesboro, VA | 1 | $ 165,000 | $ 165,000 | $ 44,000 |
| Sumter, SC | 1 | $ 455,000 | $ 455,000 | $ 135,000 |
| Toledo, OH | 1 | $ 175,000 | $ 175,000 | $ 136,000 |
| Twin Falls, ID | 1 | $ 205,000 | $ 205,000 | $ 120,000 |
| Wenatchee, WA | 1 | $ 225,000 | $ 225,000 | $ 72,000 |
| Wheeling, WV-OH | 1 | $ 115,000 | $ 115,000 | $ 46,000 |
Mortgage Loan Application Detail Totals for Summit Funding.Inc in 2019
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 | 14,206 | $3,691,270,000 | $259,000 | $2,425,000 | $100,000 | $2,656,000 |
| Refinancing | 3,678 | $1,253,960,000 | $340,000 | $2,005,000 | $116,000 | $2,017,000 |
| Cash-out Refinancing | 2,253 | $690,745,000 | $306,000 | $1,275,000 | $103,000 | $2,017,000 |
| Other Purpose | 112 | $28,280,000 | $252,000 | $1,005,000 | $144,000 | $2,656,000 |
| Not Applicable | 1 | $165,000 | $165,000 | $165,000 | $0 | $0 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 13,265 | $3,783,085,000 | $285,000 | $2,425,000 | $107,000 | $1,756,000 |
| Hispanic | 3,120 | $775,620,000 | $248,000 | $1,505,000 | $84,000 | $669,000 |
| Not Provided | 1,482 | $456,680,000 | $308,000 | $1,445,000 | $110,000 | $1,640,000 |
| Black or African American | 1,368 | $312,320,000 | $228,000 | $1,405,000 | $82,000 | $779,000 |
| Asian | 786 | $274,440,000 | $349,000 | $1,955,000 | $140,000 | $2,656,000 |
| American Indian or Alaskan Native | 107 | $24,805,000 | $231,000 | $655,000 | $93,000 | $421,000 |
| Native Hawaiian or Other Pacific Islander | 57 | $19,145,000 | $335,000 | $775,000 | $111,000 | $339,000 |
| Not applicable | 8 | $1,810,000 | $226,000 | $485,000 | $115,000 | $181,000 |
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) | 14,153 | $4,023,895,000 | $284,000 | $2,425,000 | $115,000 | $2,656,000 |
| FHA-insured (Federal Housing Administration) | 4,206 | $1,052,010,000 | $250,000 | $815,000 | $77,000 | $668,000 |
| VA-guaranteed (Veterans Administration) | 1,614 | $540,040,000 | $334,000 | $1,275,000 | $73,000 | $452,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 277 | $48,475,000 | $175,000 | $345,000 | $56,000 | $111,000 |
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 | 15,094 | $4,230,730,000 | $280,000 | $2,275,000 | $103,000 | $2,656,000 |
| Application Withdrawn By Applicant | 4,029 | $1,136,215,000 | $282,000 | $2,425,000 | $107,000 | $2,656,000 |
| Application Denied By Financial Institution | 847 | $218,625,000 | $258,000 | $2,005,000 | $89,000 | $645,000 |
| Application Approved But Not Accepted | 152 | $40,700,000 | $267,000 | $725,000 | $99,000 | $540,000 |
| File Closed For Incompleteness | 122 | $36,970,000 | $303,000 | $1,015,000 | $111,000 | $737,000 |
| Loan Purchased By The Institution | 6 | $1,180,000 | $196,000 | $295,000 | $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 |
|---|---|---|---|---|---|---|
| Not applicable | 19,403 | $5,445,795,000 | $280,000 | $2,425,000 | $104,000 | $2,656,000 |
| Collateral | 249 | $58,315,000 | $234,000 | $965,000 | $90,000 | $645,000 |
| Debt-To-Income Ratio | 180 | $52,350,000 | $290,000 | $2,005,000 | $80,000 | $461,000 |
| Credit History | 109 | $30,885,000 | $283,000 | $1,215,000 | $99,000 | $333,000 |
| Credit Application Incomplete | 87 | $21,735,000 | $249,000 | $795,000 | $97,000 | $504,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 68 | $16,840,000 | $247,000 | $1,055,000 | $80,000 | $275,000 |
| Other | 62 | $15,430,000 | $248,000 | $725,000 | $93,000 | $400,000 |
| Unverifiable Information | 58 | $16,040,000 | $276,000 | $695,000 | $106,000 | $406,000 |
| Employment History | 34 | $7,030,000 | $206,000 | $525,000 | $64,000 | $160,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Summit Funding.Inc's 2019 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.
For a list of all lenders in California, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About