Grantsville, Utah's Top Home Loan Options

There’s a Mortgage Loan for Your Goals.

There’s no such thing as a universal loan solution, because everyone’s situation is different. We all have different financial situations, goals, and aspirations. That’s why we go the extra mile to learn about your goals and design a financing solution that’s built around you.

We support people from all walks of life:

• First-time homebuyers
• Low-income borrowers
• Medical professionals managing student loan debt
• Builders of high-end homes
• Current and former military personnel
• And countless others

If you’re unsure you won’t qualify for a mortgage loan rate or don’t have enough funds set aside, don’t rule yourself out. Give one of our expert loan officers a call, and you’ll be shocked by how many financing paths there are for you at Summit Home Loans.

Conventional Loans

These are loans offered by non-government lenders, such as banks and credit unions. Our team offers conventional loan programs with as little as 3% down while offering the lowest rates throughout the United States.Full gift grants may be applied toward your down payment—no initial costs involved!

Advantages: One of the key benefits of conventional loans is that they often come with reduced costs compared to government-supported financing, such as FHA or VA loans.

Disadvantages: However, your down payment will need to be at least the minimum 3% to reduce out-of-pocket fees, like added insurance requirements.

How a Mortgage Refinance Can Put Money Back in Your Pocket

Refinancing your home involves taking out a new mortgage loan to transition from your existing mortgage, typically to secure a lower interest rate. We offer a zero-cost loan evaluation for anyone looking to refinance. We don’t charge origination fees or underwriting fees, making us your go-to source for savings.

Benefit: Refinancing from an ARM (adjustable-rate mortgage) to a stable-rate loan helps you guarantee fixed payments and prevent future rate fluctuations—giving you peace of mind for the life of your loan.

Drawback: The closing costs associated with refinancing can be significant, but we never charge any upfront mortgage charges, making us the go-to lender for refinancing your mortgage.

Have you heard of Retirement Mortgage Solutions?

Our helpful loan advisors can help you figure out if this loan fits your lifestyle.

Launch Your Home Build With Reliable Construction Financing

Construction loans are designed to offer swift financing, so you can build your dream home or embark on a large-scale renovation project. They are typically high-interest mortgage loans structured to be repaid once the construction is done. Unlike many other loans, construction loans consist of a series of payments throughout the construction process. You’ll find a variety of construction loans, and a knowledgeable loan specialist would be more than willing to match you with the right option.

Benefit: Most construction loans ask for payments solely on interest during the build.

Drawback: Construction loans commonly call for a larger-than-usual down payment. You’ll also need detailed plans, a building schedule, and a qualified builder in place before being approved.

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

Easier Homeownership with FHA Financing

FHA home loans are guaranteed by the FHA and created to support those with limited income or new homebuyers. We're an FHA-endorsed mortgage provider, delivering our clients numerous benefits with FHA home loan programs. We offer FHA home loans with only 1.5% upfront and credit scores starting at 580. Gift money can cover 100% of your down payment, with no added loan fees.

Benefit: We offer even more flexibility than the traditional FHA requirements, with entry points beginning at 1.5% down and a minimum FICO score of 580 or higher.

Drawback: These loans have set loan limits that change from one county to another, making it harder to get approved for a loan for costlier homes in certain areas. Reach out to one of our Grantsville, Utah mortgage loan experts to find out more about FHA loans.

Can't Afford a Down Payment? It’s Still Possible with USDA Loans

A USDA loan is a government-backed mortgage designed for eligible buyers with modest incomes in eligible non-urban locations, offering 100% financing and affordable interest rates. With us, you may qualify with a FICO score as low as 580 and benefit from no hidden costs.

Pros: It’s a helpful solution for homebuyers who haven’t saved much, because it requires no money down. USDA loans usually have lower mortgage insurance costs when compared to conventional loans, allowing you to keep more money in your pocket.

Cons: These home loans are exclusively for homes in select locations, available in approved neighborhoods.. This program has income caps, so some may be turned away due to income limits.

Home Financing to Support Service Members

Each veteran deserves the opportunity to become a homeowner without obstacles or extra challenges. This is why we proudly offer VA loans—a powerful type of mortgage built specifically for military veterans, current service members, and qualified surviving spouses. Secured through the U.S. Department of Veterans Affairs, VA mortgage programs were created to thank you for your service by easing the financial burden of buying a home. With no down payment, no need for private mortgage insurance, and flexible credit requirements, VA financing is one of the best mortgage loans you can access. As a result, we remain grateful to bring this program to veterans and their families.

Pros: Veterans Affairs loans provide complete financing, so no upfront money is needed. This helps simplify the process for qualifying veterans, active-duty personnel, and their families to become first-time homeowners. Also, unlike typical mortgages, VA loans don’t require monthly private mortgage insurance.

Cons: VA loans often require an initial funding fee, which may raise your total financing cost.

Own a Luxury Property With Jumbo Elite Mortgage Programs

For high-value mortgage needs, our team delivers market-leading loan terms and rates throughout the greater Wasatch Front region. By putting just 10% down and avoiding PMI, we deliver industry-leading Jumbo loan products. We approve FICOs as low as 680 or higher with no fees for origination or processing.

Benefit: You don’t require an impeccable credit score for a Jumbo Elite Loan. At Summit Home Loans, you can enjoy features like 10% down, no private mortgage insurance, and loan options for buyers with FICOs of 680 and above.

Drawback: A smaller down payment allows you to purchase your home faster, but it also means you’re financing a higher portion of the home's cost. Over time, this could raise your overall monthly payments and interest costs, especially for extended mortgage loan durations.

Nationwide High Balance Lending Options

Nationwide High Balance Loans offer the perfect ground between standard conventional loans and jumbo loans. Borrow more than regular loans but still benefit from competitive interest rates and flexible qualifying criteria. Especially for expensive areas, these mortgage loans offer increased limits with easier requirements, making it simpler for you to secure that ideal home you’ve always wanted.

Benefit: High Balance Loans typically feature lower down payments than Jumbo loans, putting high-cost homes within reach.

Drawback: While Nationwide High Balance Loans surpass standard conventional loan limits, the borrowed amount is still restricted at your regional conforming cap. Check the applicable limit today by consulting one of our expert finance experts near Grantsville, Utah.

Commercial Loans for Businesses

When it’s time to grow your business, you need a loan that supports your goals. Our commercial loans can help move your business forward—whether you're investing in property, improving your location, investing in equipment, or taking on a new project. Access our flexible loan solutions built around your needs, income cycle, and timeline—so you can stay focused on growth.

Benefit: We offer great rates to help you manage your expenses as you expand your business.

Drawback: Based on the type of loan and your financial standing, a higher down payment may be necessary.

Medical Professional Loans

Don’t let your medical education loans keep you from buying a home. Medical professional loans help make it easier for you to own the home you've always wanted. If you’re still completing or just finished a residency, physician loans allow you to exclude student debt when calculating your loan qualification. Enjoy down payments as low as three percent with a FICO score of 720+. Zero origination or processing fees on our loan programs.

Advantages: Physician home loans are designed for healthcare providers, making homeownership more realistic and within reach.

Disadvantages: Loans for doctors are specialized and only offered by select lenders. We are proud of our doctor loans and are honored to provide their advantages to doctors and healthcare providers near Grantsville, Utah.

Customized Mortgage Options for Every Stage of Life

Life constantly changes, and we are here to support you at every stage of your journey. As an all-in-one brokerage, we have the capacity to customize loans to meet your needs. Even if you believe you may not qualify for a particular loan, we can review your choices and offer a solution based on your unique situation.