Alpine, UT's Top Mortgage Loans

A Mortgage Program That Caters to Your Goals.

There’s no such thing as a universal loan solution, because no two people are the same. We all have different requirements, goals, and desires. That’s why we make it a priority to learn about your goals and tailor a mortgage loan that’s a perfect fit for your lifestyle.

We assist people from every background:

• First-time homebuyers
• Homebuyers with limited income
• Doctors navigating student debt
• Contractors building luxury homes
• Those who have served
• And many more

If you’re unsure you won’t get approved for a home loan or don’t have enough saved for your down payment, don’t count yourself out. Give one of our experienced mortgage professionals a call, and you’ll be surprised by how many financing paths there are for you at Summit Home Loans.

Standard Mortgage Loans

One of the most trusted and reliable mortgage loan options for buyers today is a conventional mortgage—with good cause. These loans are supported by financial institutions instead of the government, which means you have more control when it comes to terms, eligible properties, and loan customization. If you’re in great shape financially with excellent credit, we can help you secure a competitive home loan with the lowest mortgage loan rates available across the country.

Advantages: One of the main advantages of conventional loans is that they often come with more affordable closing costs compared to government-backed loans, such as FHA or VA loans.

Disadvantages: However, your down payment will need to be at least the minimum 3% to prevent extra costs, like mortgage insurance.

Save More by Refinancing Your Mortgage

Refinancing can be a smart option to free up monthly cash flow—to do this, you refinance your home loan with one that has a lower interest rate. We deliver a free pre-qualification process for those considering refinancing. Plus, eliminate all hidden fees by obtaining your mortgage loan using our refinancing options.

Advantages: Refinancing your mortgage can put you on the path to financial freedom by lowering your interest payments over time, potentially saving you thousands over time. Additionally, it lets you leverage your equity for greater financial freedom. You can use your home’s equity for remodeling projects, consolidating credit cards, or financing life’s big moments.

Disadvantages: While refinancing your home loan offers several financial perks, it can increase your loan term and ultimately mean paying more interest over time. Plus, if you don't intend on owning the property for many years, this might not be the route for you.

Have you heard of Senior Home Loans?

An ideal choice for individuals aged 62 and older, a reverse mortgage loan delivers the financial stability you need for a more secure future. Rather than making payments to the lender, the lender transfers money directly to you—using the home equity you’ve created. You can access the money from your reverse mortgage: as a one-time payment, through scheduled monthly disbursements, or as a line of credit you can access as needed. A key benefit is that the loan doesn’t require repayment until you move out and sell the house, move out long-term, or pass away.

Pros: More income in retirement is possible with the right tools. Monthly payments aren’t necessary, and the loan is cleared when you no longer live in the home or after your passing.

Cons: To be eligible for a reverse mortgage, you must be 62 or above, have built-up equity in your property, and be prepared for insurance that’s built into the loan.

Call us, and we’ll work with you to see if a reverse mortgage fits your needs.

Custom Home Loan Options

Construction loans are designed to offer fast financing, so you can create your dream home or embark on a large renovation project. They are typically interest-heavy mortgage loans designed to be paid off once the construction is brought to completion. Different from many other loans, loans for construction involve a series of payments as each stage of construction is completed. There are many different types of construction loans, and one of our expert lenders would be glad to find the right one for you.

Pros: Money is given to support the build throughout the project, covering the cost of land, materials, and labor. The loan is released in parts as the construction continues, guaranteeing money is accessible as the work is done.

Cons: Construction loans usually have shorter terms and increased rates compared to standard home loans, resulting in more expensive monthly payments. These loans might need a thorough construction outline, a large down payment, and a good credit history.

Our skilled team specializes in construction lending and will keep your build on track in terms of cost and construction..

FHA Loans

Here, we work to make purchasing a home within reach—whether you're buying your first home, fixing your credit, or starting with a minimal down payment. Backed by the Federal Housing Administration, FHA loans are built to support buyers who require extra flexibility without sacrificing great terms or lasting value.

Pros: Government-backed FHA loans are simpler because they have more relaxed credit score and income standards than traditional loans.

Cons: Government-backed FHA loans include both initial and recurring mortgage insurance, which raise your overall loan cost.There are also defined constraints on the amount you can borrow, which may fall short for costly houses.

Zero Down Needed? We’ve Got You Covered with USDA Loans

If you’re planning to move to a USDA-designated non-urban location, the government offers loan programs that support homeownership and economic growth in these areas. Become approved for a USDA loan with a credit score as low as 580 and 100% financing available. Give us a call for a stress-free approval experience.

Advantages: Budget-friendly mortgage payments made possible by below-market rates and lower mortgage insurance premiums.

Disadvantages: USDA home loans include certain requirements based on the region and number of people in your home. Find out if you’re eligible with one of our knowledgeable loan advisors.

Recommended VA Loans

Each veteran has earned the right to achieve homeownership without obstacles or red tape. This is why we proudly offer Veterans Affairs loans—a powerful home financing option built specifically for veterans, active-duty service members, and eligible surviving spouses. Secured through the U.S. Department of Veterans Affairs, VA-backed home loans exist to recognize your service by making homeownership more financially feasible. With no down payment, no PMI required, and credit-friendly qualifications, the VA loan is one of the best mortgage loans on the market. And we remain honored to offer this opportunity to those who have served and their families.

Pros: Home loans for veterans feature 100% financing, meaning you don’t need a down payment. This makes it easier for eligible those who serve and their loved ones to become first-time homeowners. Also, compared to standard home loans, Veterans Affairs loans don’t require monthly private mortgage insurance.

Cons: Veterans Affairs loans often include a single upfront funding fee, which may raise your total financing cost.

Elite Jumbo Home Loans

If you’re exploring upscale real estate options, we’re here to turn that into reality. Jumbo Elite Loans are tailored for high-net-worth individuals who seek to secure luxury or high-priced loans that exceed traditional loan limits. We accept as low as 10% down and there’s no need for mortgage insurance.

Advantages: Jumbo Elite Loans offer mortgage loan rates that are more budget-friendly than conventional jumbo loans.

Disadvantages: Applicants are required to show strong financial stability for these loans.

Buy a High-Cost Home with More Attractive Terms

Secure the bigger house without the steeper rate. Just a 10% down payment required with zero mortgage insurance. FICOs of 680 and above. And no fees for origination or processing. Only a limited number of lenders offer this program nationwide.

Advantages: Nationwide High Balance Loans get you into the houses you desire in a high-cost market. Also, these loans are commonly more affordable than jumbo loans and feature more flexible qualifications, making them a solid choice.

Disadvantages: Nationwide High Balance Loans may only be accessed in federally approved high-cost zones. If you're purchasing a home in an area outside the approved zones, you might not qualify for this option. Talk to one of our loan specialists near Alpine, UT to explore your options.

Reliable Commercial Loans

As an independent mortgage brokerage, we work to save clients money across various mortgage options. This also applies to commercial loans. We offer efficient processing, customizable loan solutions, and low rates on all commercial financing. Speak with us at any time for details about our commercial financing options. We go beyond traditional home loan services to support your success in business ventures beyond the home.Commercial loans commonly fund company operations or property purchases. Commercial loans are offered in various forms, such as SBA loans, property financing, and bridge loans. We’ll match you with the right loan for your company.

Benefit: We offer competitive rates to support you in managing your expenses as you grow your business.

Drawback: Based on the loan option and your financial profile, a bigger down payment might be needed.

Medical Professional Loans

Don’t let your medical student loans hold you back from purchasing a home. Medical professional loans make it easy for you to buy the home you've always wanted. If you are still completing or have recently completed a medical residency, physician loans let you exclude student debt when calculating your debt ratio. Enjoy reduced down payments as low as three percent with a FICO score of 720. Forget about loan origination or processing fees on our mortgage loans.

Advantages: Doctor mortgage loans are made to support medical professionals, making homeownership more practical and accessible.

Disadvantages: Physician home loans are specialized and available at a limited number of lenders. We are proud of our doctor loans and are honored to offer their loan features to medical professionals near Alpine, UT.

Not Seeing Your Loan Here?

Life is always changing, and we’re ready to support you at every stage of your journey. As an all-in-one brokerage, we have the capacity to adapt loans to fit your specific needs. Even if you feel you may not qualify for a particular loan, we can consider other options and find a solution tailored to your individual situation.