Purchase Originations
1,854
Ranked #241 nationally
Median Total Costs
$3,088
−53.8% vs national ($6,680)
↑ $81 vs prior year
Median Rate
6.500%
+0.1% vs national (6.490%)
↑ 0.000% vs prior year
Median Origination
$425
Median Lender Credits
$1,000
Cost Rank (500+ vol.)
#47
among lenders with 500+ originations
Denial Rate
4.5%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,854 | 6.500% | $3,088 | $425 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,658 | 6.125% | — | 19 | −$430 | |
| 2 | $2,687 | 6.625% | — | 26 | −$401 | |
| 3 | $2,747 | 6.500% | — | 23 | −$341 | |
| 4 | $2,788 | 6.500% | — | 70 | −$300 | |
| 5 | $2,811 | 6.250% | — | 89 | −$277 | |
| 6 | $2,878 | 6.500% | — | 133 | −$210 | |
| 7 | $2,937 | 6.562% | — | 12 | −$151 | |
| 8 | $2,948 | 6.625% | — | 126 | −$140 | |
| 9 | $2,996 | 6.500% | — | 24 | −$92 | |
| 10 | $3,020 | 6.625% | — | 25 | −$68 | |
| 11 | $3,025 | 6.375% | — | 36 | −$63 | |
| 12 | $3,031 | 6.625% | — | 24 | −$57 | |
| 13 | $3,059 | 6.625% | — | 90 | −$29 | |
| 14 | $3,093 | 6.500% | — | 107 | +$5 | |
| 15 | $3,093 | 6.750% | — | 13 | +$5 | |
| 16 | $3,129 | 6.125% | — | 20 | +$41 | |
| 17 | $3,199 | 6.375% | — | 152 | +$111 | |
| 18 | $3,249 | 6.375% | — | 12 | +$161 | |
| 19 | $3,261 | 6.625% | — | 33 | +$173 | |
| 20 | $3,296 | 6.375% | — | 659 | +$208 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2025. Sorted by median total loan costs.
Peer set: the 50 highest-volume U.S. mortgage lenders in 2025 (min. 8,254 purchase originations).
| Metric | Summit Credit Union | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $305,000 | $335,000 | −$30,000 (−9.0%) |
| Median total closing costs | $3,088 | $7,127 | −$4,039 (−56.7%) |
Other high-volume lenders side-by-side.
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Data source: HMDA Modified Loan Application Register 2025, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.