Summit Funding in Nevada vs the state
3.4%Denial rate-14.04 pts vs state
4.3%Decision denial rate-17.92 pts vs state
74.6%Origination rate+16.90 pts vs state
6.63%Median rate0.00 pts vs state
0.37Rate spread (pts)+0.07 pts vs state
$102kMedian applicant income
241Loans originated
11Denied
Trend in Nevada
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 404 | 297 | 2.2% | 6.75% | #60 |
| 2024 | 263 | 192 | 7.2% | 6.63% | #81 |
| 2025 | 323 | 241 | 3.4% | 6.63% | #72 |
What Summit Funding lends in Nevada
By loan purpose
By loan type
Why it denied Nevada applicants
Where in Nevada
Counties with the most Summit Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Washoe County | 180 | 132 | 5 | 2.8% |
| White Pine County | 43 | 35 | 2 | 4.7% |
| Lyon County | 36 | 27 | 3 | 8.3% |
| Carson City | 19 | 15 | 0 | 0.0% |
| Clark County | 16 | 12 | 1 | 6.3% |
| Churchill County | 15 | 8 | 0 | 0.0% |
| Douglas County | 5 | 5 | 0 | 0.0% |
| Pershing County | 3 | 2 | 0 | 0.0% |
| Mineral County | 2 | 2 | 0 | 0.0% |
| Humboldt County | 1 | 1 | 0 | 0.0% |
Other large lenders in Nevada
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 6,913 | 11.4% | 6.31% |
| Rocket Mortgage | C | 6,889 | 15.4% | 6.88% |
| Guild Mortgage | A | 5,533 | 2.6% | 6.50% |
| AMERICA FIRST Federal Credit Union | C | 3,873 | 28.6% | 7.24% |
| U.S. Bank | D | 3,745 | 40.2% | 7.65% |
| Bank of America | F | 3,296 | 35.9% | 6.24% |
| Pennymac Loan Services | C | 3,188 | 12.5% | 6.62% |
| Navy Federal Credit Union | D | 2,579 | 24.5% | 7.75% |
| Broker Solutions | D | 2,559 | 8.9% | 6.75% |
| Dhi Mortgage Company | B | 2,549 | 6.8% | 4.99% |
Frequently asked questions
Nevada: 323 applications in 2025, of which 241 were originated and 11 denied.
3.4% of all applications, or 4.3% of the applications it actually decided on. The Nevada statewide average across all lenders was 17.5%.
The median rate on loans Summit Funding originated in Nevada in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are Summit Funding's own HMDA filing for properties located in Nevada, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology