Lender in Illinois · HMDA 2025
Summit Funding, Inc. mortgages in Illinois
Summit Funding, Inc.'s 2025 home-purchase and refinance lending in Illinois, compared with all lenders in the state.
Summit Funding, Inc. originated 243 owner-occupied single-family loans in Illinois from 248 completed applications.
Its median conventional purchase loan costs were $7,330 versus $6,090 for all Illinois lenders, at a median 30-year fixed rate of 6.99% (Illinois: 6.625%).
Loans in IL
243
of 248 applications
Denial rate
1.5%
Purchase · IL 9.2%
Rate spread
+0.57 pts
Conv. · IL +0.27 pts
Loan amount
$385,000
Purchase · IL $275,000
By loan purpose
| Purpose | Applications | Loans | Denial rate | 30-yr rate* | Rate spread* | Loan costs* | Median loan |
|---|---|---|---|---|---|---|---|
| Home purchase | 206 | 202 | 1.5% | 6.990% | +0.57 pts | $7,330 | $385,000 |
| Refinance | 35 | 35 | 0.0% | 6.500% | +0.28 pts | $3,170 | $405,000 |
| Cash-out refinance | 7 | 6 | — | — | — | — | — |
*Conventional loans only; medians with at least 20 loans.
Source: FFIEC/CFPB HMDA 2025 public LAR. Statistical profile, not a review or offer. Methodology