Don’t Wait to Buy a Home!

Thinking of waiting for lower interest rates? Find out why buying now might be the better option.

Historically, there are buyer advantages when rates are higher just as there are when rates are lower. For instance, higher rates may slow the housing market, reducing competition, and enticing sellers to either negotiate on price or contribute to the buyer’s closing costs including a rate buydown. The best advice is to be prepared and that STARTS with a pre-approval at Summit.

There is never a time expectation or an expiration to your pre-approval with Summit Mortgage Corporation. You will have all the time you need to create the best loan option and find the right home. We want to give you the gift of more time to have the best homebuying strategy.

There's no reason to wait.

Ready to get started? Here are the next steps.

  1. Complete the quick form below.
  2. One of our expert loan officers will contact you ASAP.
  3. We will gather some information about your goals.
  4. Your pre-approval requirements and documentation will be explained by your loan officer.
  5. Make the plan – Having all this information makes it much easier to get started.

Take a step closer to your dream home by filling out the form below!

(it only takes 45 seconds!)

By submitting this form you agree that Summit Mortgage may call or email you.

Now or Later?

The BENEFITS of getting pre-approved now vs later.

Waiting for lower interest rates may not be the best choice. Historically when rates drop home prices go up as does the competition with other buyers. Here is a rate vs price comparison.

Current EstimateFuture Estimate
INTEREST RATE6.75% / 6.983 APR6.25% / 6.454 APR
HOME PRICE$300,000$318,000
MONTHLY PAYMENT
OVER 30 YEARS
$1,945$1,958

Assuming a 6% annual appreciation. Income and/or geographic restrictions may apply. Loan and monthly payment scenarios used for informational purposes only, are not a prediction of future rates, and may not be specific to your situation. Rates expressed may not be available at this time. Payments do not include amounts for taxes and insurance premiums; the actual payment obligation will be greater. Rate and information prepared 10/29/2024.

First-Time Homebuyer Qualifications and Benefits

Are you wondering if you qualify for first-time homebuyer programs? The term might be misleading. You don’t actually have to be purchasing your first home to be considered a first-time homebuyer. Confused? Don’t be! First-time homebuyer benefits can offer significant financial savings and help make owning your own home a reality. Don’t let the name hold you back from achieving the American dream of homeownership. Some programs are subject to income limitations. Contact me for more information.

Affordable Loan Programs

  • USDA: As little as 0% down
  • HomeReady: As little as 3% down
  • HomePossible: As little as 3% down
  • VA: As little as 0% down
  • FHA: As little as 3.5% down
  • Minnesota Housing Finance Corporation: As little as $1,000 down. Primary and down payment assistance loans available.
  • And More…

APPROVED offers work harder in low inventory markets.

A pre-approval from Summit Mortgage is a great strategy to get your offer to the top of the list. Our company is respected and recognized by real estate agents working hard to get their clients to closing.

Dale Gross
Branch Manager
NMLS: 677577
E: dgross@summit-mortgage.com
O: 218.242.2422

Meet Dale Gross, Branch Manager

Whether you’re looking to buy, build or refinance your home, our team is here to help facilitate a smooth transaction. Here at Summit Mortgage Corporation, we offer a variety of loan options that can help you achieve homeownership with the speed and service you deserve. Plus, we are dedicated to finding the right loan with great rates, terms, and costs to meet your specific needs. Financing a home is one of the biggest commitments you will ever make – let us help guide you throughout the entire loan process from application to closing and beyond. We look forward to putting our mortgage service to work for you!”

Dale has been helping clients with home finance for nearly 25 years. It is truly his passion to help people achieve the goal of homeownership while enjoying the experience.

Dale enjoys dating and traveling with his wife, Kristine. Biking, hiking, and motorcycle rides take up the summer months, and skiing in the winter. Our favorite pastime is pouring into the lives of our grandchildren!

How can our Seller's Choice guarantee AMPLIFY your offer?

Make an offer with confidence! For qualifying borrowers, if your loan doesn’t close according to the terms of the Guarantee Letter, we’ll purchase the home in cash or pay the seller $10,000 out of our own pocket. 

  • Let your Real Estate Agent know you’re committed to success.
  • Feel confident you’re FULLY approved.
  • Make sure your offer is at the top of the pile.
  • Instill confidence in the seller that your offer is SOLID.
  • Minimize anxiety through the homebuying process.

Some limitations may apply.

Meet the Team

Joan Johnson

Loan Officer
NMLS: 216339

Rachel Streiff

Loan Officer
NMLS: 1022891

I found my way into the mortgage business in 2003. I started straight out of high school as the Director of First Impressions, giving everyone that warm, feel-good feeling when they called for assistance or walked through the door. While obtaining my degree in Psychology at the University of Minnesota, I continued to work and grow into other roles over the years – Loan Officer Assistant, Loan Processor, Loan Closer, Operations Manager, and now a Loan Officer.  I truly understand the ins and outs of the loan process, from beginning to end and even after. I deeply value clients’ trust and ensure that people feel safe, secure, and cared for throughout the loan process, which I understand can be an overwhelming experience.  

In my spare time, I enjoy the outdoors with my husband – anything from camping to mountain biking to sitting by a roaring fire.

Mobile: 952.245.3082
Email: rstreiff@summit-mortgage.com

Name

Title
NMLS: 000000

EXPERIENCE.COM CUSTOMER RATING

4.95

Experience.com Star Rating_4.93
"From beginning to end, it just felt like Dale cared about us, had excellent communication, and was availiable. We loved working with him."

Kristen L.
★★★★★
"Dale is very experienced and extremely helpful. Made the homebuying process a breeze. Would use him again and recommend to anyone."

Jake H.
★★★★★
"Had such an awesome experience with Dale, he helped us with anything and everything through the whole process. Always treated us with respect and made us a priority. Can't recommend Dale more!"

Derek M.
★★★★★

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summit-mortgage.com

9600 54th Ave N, Plymouth, MN 55442

Summit Mortgage Corporation licensed as Summit Home Mortgage, Inc. in NC, OR, UT, and WA; 9600 54th Ave N, Suite 100, Plymouth, MN 55442; AZ Mortgage Banker license 1038277; CA – Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act; MN – This is not an offer to enter into an agreement. Any such offer may only be made in accordance with the requirements of MN. Stat. Section 47.206 (3) and (4); Licensed by the N.J. Department of Banking and Insurance; WA – CL-1041; NMLS ID #1041 (www.nmlsconsumeraccess.org)

In New York: Achieve Home Mortgage in lieu of true name Summit Mortgage Corporation.
This site is not authorized by the New York State Department of Financial Services. No mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site.

THANK YOU!

One of our experienced team members will be in contact with you soon!