Summit Funding in Texas vs the state
5.9%Denial rate-13.56 pts vs state
8.4%Decision denial rate-16.55 pts vs state
64.3%Origination rate+9.46 pts vs state
6.63%Median rate+0.13 pts vs state
0.35Rate spread (pts)+0.16 pts vs state
$98kMedian applicant income
471Loans originated
43Denied
Trend in Texas
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 488 | 309 | 7.4% | 6.85% | #256 |
| 2024 | 1,019 | 704 | 7.8% | 6.75% | #162 |
| 2025 | 732 | 471 | 5.9% | 6.63% | #205 |
What Summit Funding lends in Texas
By loan purpose
By loan type
Why it denied Texas applicants
Where in Texas
Counties with the most Summit Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bexar County | 161 | 89 | 5 | 3.1% |
| Webb County | 75 | 65 | 4 | 5.3% |
| Smith County | 44 | 32 | 0 | 0.0% |
| Dallas County | 34 | 22 | 2 | 5.9% |
| Guadalupe County | 29 | 16 | 2 | 6.9% |
| Harris County | 27 | 13 | 3 | 11.1% |
| Williamson County | 25 | 22 | 1 | 4.0% |
| Hunt County | 24 | 16 | 2 | 8.3% |
| Montgomery County | 22 | 19 | 1 | 4.5% |
| Rockwall County | 22 | 14 | 0 | 0.0% |
Other large lenders in Texas
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 56,491 | 11.0% | 6.25% |
| Rocket Mortgage | C | 45,658 | 22.4% | 6.63% |
| 21st Mortgage | F | 37,961 | 45.9% | 9.94% |
| Dhi Mortgage Company | B | 26,348 | 13.5% | 4.50% |
| Lennar Mortgage | A | 21,959 | 20.5% | 4.50% |
| Bank of America | F | 18,008 | 43.0% | 6.24% |
| JPMorgan Chase Bank | B | 16,260 | 9.8% | 6.45% |
| CMG Mortgage | A | 15,978 | 3.9% | 6.50% |
| Vanderbilt Mortgage and Finance | F | 15,683 | 44.7% | 10.50% |
| Triad Financial Services | D | 15,158 | 50.0% | 9.35% |
Frequently asked questions
Texas: 732 applications in 2025, of which 471 were originated and 43 denied.
5.9% of all applications, or 8.4% of the applications it actually decided on. The Texas statewide average across all lenders was 19.4%.
The median rate on loans Summit Funding originated in Texas in 2025 was 6.63%, against a statewide median of 6.50%.
About this data. Figures are Summit Funding's own HMDA filing for properties located in Texas, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology