Lender in Tennessee · HMDA 2025
Summit Funding, Inc. mortgages in Tennessee
Summit Funding, Inc.'s 2025 home-purchase and refinance lending in Tennessee, compared with all lenders in the state.
Summit Funding, Inc. originated 307 owner-occupied single-family loans in Tennessee from 330 completed applications.
Its median conventional purchase loan costs were $8,850 versus $5,320 for all Tennessee lenders, at a median 30-year fixed rate of 6.875% (Tennessee: 6.624%).
Loans in TN
307
of 330 applications
Denial rate
5.7%
Purchase · TN 7.7%
Rate spread
+0.52 pts
Conv. · TN +0.11 pts
Loan amount
$305,000
Purchase · TN $325,000
By loan purpose
| Purpose | Applications | Loans | Denial rate | 30-yr rate* | Rate spread* | Loan costs* | Median loan |
|---|---|---|---|---|---|---|---|
| Home purchase | 279 | 260 | 5.7% | 6.875% | +0.52 pts | $8,850 | $305,000 |
| Refinance | 33 | 32 | 3.0% | 6.125% | +0.19 pts | $10,770 | $335,000 |
| Cash-out refinance | 18 | 15 | — | — | — | — | — |
*Conventional loans only; medians with at least 20 loans.
Tennessee counties where Summit Funding, Inc. ranks in the top 25
| County | Rank | Loans | Market share |
|---|---|---|---|
| Hamilton County | 8 | 142 | 2.5% |
| Sequatchie County | 14 | 4 | 1.7% |
| Unicoi County | 14 | 3 | 1.4% |
| Hancock County | 17 | 1 | 2.2% |
| Bledsoe County | 19 | 2 | 1.4% |
| Meigs County | 20 | 2 | 1.5% |
| Bradley County | 22 | 23 | 1.4% |
Source: FFIEC/CFPB HMDA 2025 public LAR. Statistical profile, not a review or offer. Methodology