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Archive: 2016 (10 Articles)

July 13, 2016 | 1 minute read

An Introduction to Conventional Fixed Rate Loans

Borrowers looking for a low, fixed rate that plan on living in the home for a while often turn to the comfort of a conventional loan. If you’re looking to stay in your home for a while, a fixed-rate conventional loan provides the stability of a principal &... More

July 13, 2016 | 2 minute read

An Introduction to Low Down Payment Programs

With flexible qualifying, help from friends or family and down payments as low as 3%, Summit Mortgage offers a variety of programs to choose from! FHA & Conventional Home Loans Today’s home buyer has several options for affordable, low down payment programs that can help many with different ... More

July 8, 2016 | 2 minute read

Preparing for Your Mortgage Approval

The “Do’s & Don’ts” of the home loan process With the increased federal and state regulations governing today’s mortgage financing, both lenders and borrowers are having to work within tighter guidelines. To improve your experience, here are some helpful tips and good habits you should ... More

April 20, 2016 | 1 minute read

Adjustable Rate Mortgage (ARM) Loans

If you’re not buying your “forever home,” you could take advantage of lower rates for the shorter term. Not everyone plans to be in their home for 30 years or more. An Adjustable Rate Mortgage (ARM) loan is most often used for homebuyers who don’t plan on staying in ... More

April 18, 2016 | 1 minute read

Jumbo Home Loans

For when your dream house in the perfect location runs a little higher than conforming loan limits. ($417,000) We’re here to help! Are you in the market for a home in an area where prices are above conforming limits? Is the current value of your home too high to More

March 30, 2016 | 1 minute read

An Introduction to FHA Home Loans

FHA Loans - A Low Down Payment Option A favorite for first-time homebuyers, the FHA loan offers flexible qualifying and credit requirements along with a down payment as low as 3.5%. FHA Home Loans Originally aimed at first-time homebuyers, the government insured FHA home loans now offers ... More

March 29, 2016 | 2 minute read

An Introduction to USDA Rural Home Loans

Dreaming of a Home Outside of the Big City? USDA rural home loans provide qualified home buyers in rural areas with 100% financing options including little or no money out-of-pocket. USDA Rural Home Loans Whether you’re dreaming of a life on a secluded ranch with a ... More

February 17, 2016 | 1 minute read

Down Payment Assistance Program Options

Having a Hard Time Saving for a Down Payment? There are many programs available to help home buyers looking for some assistance with their down payment. Down Payment Assistance Programs For many first time buyers, saving for a down payment is one of the biggest challenges ... More

February 3, 2016 | 1 minute read

An Introduction to VA Home Loans

Thank You For Serving Our Country Get up to 100% home financing as part of your military service benefits. VA Home Loans First and foremost, VA home loans are a benefit that America’s veterans and active duty men & women have earned as part of their ... More

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