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Blog Category: VA Loans

Mortgage Options for People with Bad Credit

Mortgage Options for People with Bad Credit

How Can I Get Approved for a Loan With Bad Credit? When interest rates are low, it’s a great time to apply for a home loan. But for many borrowers, there’s an “if” involved in that statement. When interest rates are low, it’s a great time to buy a home IF you have a good ... More

How Your Credit Score Affects Your Mortgage Rate

How Your Credit Score Affects Your Mortgage Rate

How Much Can I Borrow With a 700 Credit Score? A high credit score is your golden ticket to a low-interest rate home loan. So if you are among the nearly 58% of Americans with a FICO credit score above 700, your borrowing power is strong. ... More

First-Time Homebuyer Qualifications and Benefits

What Are the Requirements for a First-Time Homebuyer Loan? Are you curious if you qualify as a first-time homebuyer? Good. Let's begin with this: you don’t need to be purchasing your first home to be a first-time homebuyer. Confused? Don’t be, and don’t allow a misleading name to keep you away from powerful programs that ... More

First-Time Homebuyer Down Payment Strategies

First-Time Homebuyer Down Payment Strategies

How Can I Get Money for a Down Payment on a House? When deciding to buy your first home, there are two important factors you need to address right off the bat. One, can I afford the monthly payment? Two, how much do I need to put down on a home? For most first-time homebuyers, the tougher of ... More

First Time Homebuyer Loans and Programs

First-Time Homebuyer Loans and Programs

Which Loan Is Best for First-Time Homebuyers? If you’re thinking about becoming a first-time homebuyer, you are probably wondering about mortgages. How much does a first-time homebuyer have to put down? How can I get a first-time homebuyer’s loan with no credit? Where should a first-time homebuyer start? ... More

Blue Water Navy Vietnam Veteran’s Act of 2019

The New Rules of VA Home Loans for 2020

If you are an honorably discharged veteran of the US military or active duty personnel considering the purchase of a new home in 2020, recently announced changes to the Veteran’s Administration home loan rules that will increase what you’re allowed to borrow as long as the loan amount in within ... More

Military couple in new home

Understanding VA Home Loans

How Does a VA Loan Work? If you’re a service member and are looking to buy or refinance a home, consider applying for a VA home loan with Summit Mortgage. VA home loans are designed to help save you money and let you enjoy a smooth, hassle-free mortgage ... More

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 military service. This benefit provides access to home financing with ... More

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