Summit Mortgage Bankers, Inc.
Flushing, NY · What the federal mortgage record shows about how Summit Mortgage Bankers, Inc. treated New Jersey applicants, 2018–2025 — 1,931 reported decisions. This is historical behavior, not a prediction about your loan.
Share of 1,931 New Jersey applications Summit Mortgage Bankers, Inc. approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.
Approval rate by loan type
“NJ” = the statewide average approval rate for that loan type, for comparison.
Approval rate over time
Pricing
Adjusting for its loan-type mix, Summit Mortgage Bankers, Inc.’s rates ran -0.09 pp lower than the typical New Jersey lender (average rate spread +0.13 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.
Who Summit Mortgage Bankers, Inc. approves
Why Summit Mortgage Bankers, Inc. denied applications
Where Summit Mortgage Bankers, Inc. lends in NJ
| County | Decisions | Approval |
|---|---|---|
| Middlesex County | 341 | 98.2% |
| Bergen County | 315 | 99.0% |
| Somerset County | 260 | 99.6% |
| Hudson County | 244 | 98.4% |
| Mercer County | 231 | 99.6% |
| Essex County | 160 | 98.1% |
| Morris County | 111 | 98.2% |
| Union County | 100 | 93.0% |
Fees & closing costs
Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Summit Mortgage Bankers, Inc.’s home-purchase originations — 0.52 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $668. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →
Compare Summit Mortgage Bankers, Inc. to other lenders for your profile
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Open the approval tool →Source: CFPB HMDA loan-level data, 2018–2025 · first-lien, closed-end mortgages on 1–4 family homes in New Jersey reported by Summit Mortgage Bankers, Inc. (LEI 549300QPD4M26VIOFU53). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →