Summit Funding · Missouri · 2025

Summit Funding in Missouri: approval rate, denial rate and rates (2025)

Summit Funding took 365 mortgage applications in Missouri in 2025, ranking #119 of 1,023 lenders active in the state. It originated 80.8% of them and denied 3.0% (3.6% of the applications it decided), against a statewide denial rate of 15.1%.

365Applicationsin MO
3.6%Decision denial ratestate 18.7%
6.75%Median ratestate 6.63%
$255,000Median loanstate $175,000
$79MVolume17 counties

Summit Funding in Missouri vs the state

3.0%Denial rate-12.06 pts vs state
3.6%Decision denial rate-15.14 pts vs state
80.8%Origination rate+18.16 pts vs state
6.75%Median rate+0.13 pts vs state
0.36Rate spread (pts)+0.01 pts vs state
$91kMedian applicant income
295Loans originated
11Denied

Trend in Missouri

YearApplicationsOriginatedDenial rateMedian rateRank in state
20234093212.4%6.99%#87
20243593011.7%6.99%#107
20253652953.0%6.75%#119

What Summit Funding lends in Missouri

By loan purpose

Home purchase 339 93% · 2.4% denied
Refinance 21 6% · 9.5% denied
Cash-out refinance 3 1% · 33.3% denied
Other / HELOC 2 1% · 0.0% denied

By loan type

Conventional 293 80% · 2.4% denied
FHA 46 13% · 6.5% denied
VA 24 7% · 0.0% denied
USDA / RHS 2 1% · 50.0% denied

Why it denied Missouri applicants

Debt-to-income ratio 4 36%
Insufficient cash 3 27%
Other 2 18%
Collateral 2 18%

Where in Missouri

Counties with the most Summit Funding applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Jackson County 2401908 3.3%
Cass County 62551 1.6%
Clay County 17150 0.0%
Platte County 16130 0.0%
Lafayette County 861 12.5%
Johnson County 751 14.3%
Ray County 310 0.0%
Camden County 220 0.0%
Carroll County 220 0.0%
Bates County 110 0.0%

Other large lenders in Missouri

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 10,46018.4%6.63%
Flat Branch MortgageA 8,9990.9%6.63%
Guild MortgageA 7,3882.5%6.63%
U.S. BankD 7,19032.8%7.63%
The Central Trust BankC 7,0229.7%6.63%
United Shore Financial ServicesB 6,7108.0%6.55%
Communityamerica Credit UnionB 5,84316.8%6.49%
Mortgage Research CenterC 5,73415.6%6.25%
Broker SolutionsD 5,0077.8%6.88%
Commerce BankD 4,90527.2%6.72%

Frequently asked questions

Missouri: 365 applications in 2025, of which 295 were originated and 11 denied.

3.0% of all applications, or 3.6% of the applications it actually decided on. The Missouri statewide average across all lenders was 15.1%.

The median rate on loans Summit Funding originated in Missouri in 2025 was 6.75%, against a statewide median of 6.63%.

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