Summit Credit Union · North Carolina · 2025

Summit Credit Union in North Carolina: approval rate, denial rate and rates (2025)

Summit Credit Union took 334 mortgage applications in North Carolina in 2025, ranking #181 of 1,253 lenders active in the state. It originated 82.3% of them and denied 16.5% (16.5% of the applications it decided), against a statewide denial rate of 18.1%.

334Applicationsin NC
16.5%Decision denial ratestate 22.8%
Median ratestate 6.50%
$65,000Median loanstate $225,000
$29MVolume35 counties

Summit Credit Union in North Carolina vs the state

16.5%Denial rate-1.59 pts vs state
16.5%Decision denial rate-6.30 pts vs state
82.3%Origination rate+24.53 pts vs state
Median rate
Rate spread (pts)
$86kMedian applicant income
275Loans originated
55Denied

Trend in North Carolina

YearApplicationsOriginatedDenial rateMedian rateRank in state
202336731414.2%#139
202435031010.6%#160
202533427516.5%#181

What Summit Credit Union lends in North Carolina

By loan purpose

Home purchase 29 9% · 0.0% denied
Refinance 1 0% · 0.0% denied
Cash-out refinance 7 2% · 0.0% denied
Home improvement 151 45% · 15.2% denied
Other / HELOC 146 44% · 21.9% denied

By loan type

Conventional 334 100% · 16.5% denied

Where in North Carolina

Counties with the most Summit Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Guilford County 75722 2.7%
Forsyth County 35350 0.0%
Wake County 24240 0.0%
Catawba County 22220 0.0%
Granville County 16160 0.0%
Davidson County 15150 0.0%
Rockingham County 10100 0.0%
Randolph County 990 0.0%
Alexander County 660 0.0%
Caldwell County 550 0.0%

Other large lenders in North Carolina

LenderGradeApplicationsDenial rateMedian rate
State Employees'C 47,89325.2%6.25%
Rocket MortgageC 25,10916.0%6.63%
United Shore Financial ServicesB 18,88411.4%6.13%
Vanderbilt Mortgage and FinanceF 15,00838.0%7.75%
Truist BankC 14,36430.3%6.50%
Movement MortgageA 11,0912.6%6.63%
Navy Federal Credit UnionD 10,56519.4%7.13%
First-Citizens Bank & TrustB 10,31919.6%6.38%
Bank of AmericaF 10,27628.2%6.24%
Mortgage Research CenterC 10,02917.7%6.25%

Frequently asked questions

North Carolina: 334 applications in 2025, of which 275 were originated and 55 denied.

16.5% of all applications, or 16.5% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are Summit Credit Union's own HMDA filing for properties located in North Carolina, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology