Skip to Content

Blog

Is An Adjustable Rate Mortgage Right For You?

Before applying for a mortgage, borrowers need to build a plan for how they are going to manage their credit both going into the mortgage process and as they navigate through it. Lenders like to know that borrowers have a strong likelihood of repaying the loans they take out and, as such, look carefully at an applicant’s ... More

Good Habits for a Smoother Loan Approval

With the increased federal and state regulations governing today’s mortgage financing, both lenders and borrowers are having to work within tighter guidelines to secure a loan approval. To improve your loan approval experience, here are some helpful tips and good habits you should keep in mind to help secure a successful loan approval. 1. Monitor and maintain ... More

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 & interest monthly payment that won’t change. Borrowers with ... More

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 financial situations become homeowners. Both FHA and Conventional loans have ... More

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 keep in mind to help secure a successful loan approval. More

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 home buyers that don’t plan on staying in the home for the long haul and want a ... More

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 refinance through conventional products? A Jumbo home loan from Summit Mortgage ... More

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 an affordable, low down payment option that helps buyers with ... More

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 trout-filled river in your backyard or simply a home in ... More

Down Payment Assistance Programs

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 to home ownership. Summit Mortgage offers several programs that offer ... More

Back to top