The Trusted Mortgage Loan Specialist

There’s a Home Loan for Your Goals.

Your needs are personal. We offer a variety of loan products customized for your personal goals. We have programs for first-time buyers, veterans, healthcare workers, those looking to refinance, and much more—just get in touch. Whatever the plan, we will get you the perfect home loan that aligns with your financial vision and homeownership desires.

Conventional Loans

These are loans provided through lenders in the private sector, such as banks and credit unions. Our team provides conventional loan programs with as little as 3% down while offering the lowest rates across the country.Complete gift funds can be used toward your down payment with no origination fees charged!

Advantages: One of the top perks of conventional loans is that they often come with more affordable closing costs compared to loans backed by the government, such as federal loan programs.

Disadvantages: However, your down payment will need to be at least the minimum 3% to reduce out-of-pocket fees, like private mortgage insurance (PMI).

Conventional loans are a solid option, but they don’t work for every financial situation. We’re committed to helping you in understanding your loan choices and ensuring you choose the loan that fits your bigger picture.

Ways a Refinance Can Lower Your Costs

It’s true, reworking your mortgage is a smart financial move that can reduce your expenses over time. The most compelling benefit? You could get access to a dramatically reduced rate—lowering what you owe each month and keeping more money in your pocket for years to come. Even a slight decrease in your home loan payment can go a long way—giving you room to focus on other financial priorities like building savings.

Pros: Shrinking your monthly loan payment and building long-term financial savings. You can also unlock cash from your home, which can be used for home improvements, reducing overall debt, or major purchases.

Cons: Refinancing your home loan comes with transaction expenses that can be noticeable, making it a less favorable choice for homeowners who don’t plan to live in the property for many years. Extending your home loan term can result in incurring higher interest charges over the life of your loan.

Home Equity Conversion Mortgages

Reverse mortgages let you tap into your property’s value into accessible cash without having to sell your home or pay additional monthly bills. Our friendly loan specialists

Move Forward on Your New Home With Construction Financing

Construction loans are made to provide swift financing, so you can build your dream home or embark on a large renovation project. They are typically short-term, high-rate mortgage loans structured to be cleared once the construction is fully built. Different from many other loans, loans for construction consist of multiple disbursements throughout the construction process. There are many different types of construction loans, and our experienced lending team would be glad to find the right one for you.

Benefit: Most construction loans demand only interest payments during construction.

Drawback: Construction loans usually ask for a larger down payment. You’ll need comprehensive plans, a project timeline, and a certified builder in place before getting approved.

Our knowledgeable team understands construction lending and will keep your build moving forward with the budget and structure..

Federal Housing Administration Loans

FHA home loans are guaranteed by the federal government and created to support those with limited income or first-time homebuyers. We're an FHA-approved broker, giving our clients a variety of benefits with FHA home loan programs. We offer FHA home loans with only 1.5% down and a credit score starting at 580. Gift money can cover 100% of your down payment, with zero fees for loan origination or processing.

Pros: These loans are more accessible because they have lower credit score and income requirements than traditional loans.

Cons: These loans include both upfront and monthly mortgage insurance premiums, which increase your total loan expense.There are also defined parameters on the amount you can borrow, which may fall short for high-priced homes.

Purchase a Property in a Qualifying Rural Location with Government-Backed USDA Financing

If you’re dreaming of open countryside and a house that offers a genuine getaway, a USDA loan could help bring that dream to life. These loans are meant for qualified rural and suburban communities, and they let you finance the entire purchase, meaning you won’t need upfront cash. Getting a place outside the city is a chance to start fresh in a home you love without the stress of major upfront costs.

Advantages: Lower monthly payments thanks to affordable mortgage loan rates and affordable insurance rates.

Disadvantages: USDA loans require you to meet certain requirements based on location and how many people live in your household. Find out if you’re eligible with one of our helpful mortgage consultants.

Home Financing for Eligible Veterans

The U.S. Department of Veterans Affairs offers a financing program that helps active-duty service members, veterans, and surviving spouses purchase a house with favorable terms and zero down. With a VA loan, reap the benefits of lower monthly payments and the lowest available interest rates tailored for veterans.

Pros: Home loans for veterans come with 100% financing, meaning no down payment is required. This helps make it possible for qualifying service members, veterans, and their loved ones to own a home for the first time. Also, unlike conventional loans, Veterans Affairs loans don’t require PMI.

Cons: Veterans Affairs loans often require a lump-sum loan fee, which contributes to the final cost of borrowing.

Buy a Prestigious Home With Top-Tier Jumbo Loan Options

Exclusive estates call for funding that matches their size and sophistication, which is why Jumbo Elite loans are a fantastic option. Jumbo Elite loan programs are for borrowers who need more than what conventional loan caps allow without compromising on attractive rates or smooth processing. Thanks to our experienced team steering the process, getting financing for a high-end property feels anything but complicated.

Benefit: You don’t require a perfect credit score for a Jumbo Elite Loan. At Summit Home Loans, you can enjoy perks like 10% down, zero mortgage insurance, and funding solutions for buyers with FICOs of 680 and above.

Drawback: A lower down payment enables you to move into your home quicker, but it also means you’re borrowing a higher portion of the home's cost. Over time, this could increase your overall payments and loan costs, especially for longer mortgage loan terms.

Why a Nationwide High Balance Loan May Be Right for You

Purchase the bigger house without the higher rate. As little as 10% down payment needed with no PMI necessary. FICOs as low as 680. And no origination or processing fees. Only a limited number of lenders offer this program across the country.

Advantages: Nationwide High Balance Loans get you into the houses you dream of in a high-cost market. Also, these loans are often cheaper 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. When buying in a location outside the approved zones, you might not qualify for this option. Reach out to one of our loan specialists located near Hooper, UT to explore your options.

Business-Focused Commercial Loans

As an independent mortgage brokerage, we help reduce costs for our clients with any kind of mortgage loan. This also holds true for commercial loans. We offer quick turnaround times, flexible loan options, and competitive rates on all commercial financing. Reach out today for details about our commercial loan programs. We go beyond traditional home loan services to back your success in business ventures beyond the home.Commercial loans usually finance company operations or property purchases. Commercial loans are available in various forms, such as SBA loans, commercial property loans, and interim loans. We can match you with a loan that fits for your company.

Pros: Commercial financing options enable you to secure the money you need to buy, refinance, or develop business property.p>

Cons: These types of loans may carry increased rates compared to typical mortgage loans because they carry more risk. In some cases, you may need established credit, a clear business strategy, and substantial funds upfront to to qualify.

Explore Our Doctor Mortgage Loan Options

We know that becoming a medical professional takes years of commitment, but we believe homeownership shouldn’t have to wait.That’s why we’ve built the best mortgage programs, specialized just for healthcare heroes. Whether you're in residency or well into your career, our doctor loan is here to support you.

Pros: Doctor home loans often offer little to no money down. This enables medical professionals to buy a home at the start of their careers. These loans typically don’t require Private Mortgage Insurance, which can cut down your monthly expenses.

Cons: Doctor loans offer strong advantages, but they may come with slightly higher mortgage loan rates than regular financing because of the perceived risk. Doctor home loans are usually only offered to physicians, dental professionals, and other specified healthcare providers.

Not Seeing Your Loan Here?

We're a loan brokerage. We have access to all the solutions that our clients require. Missed the loan program you need?. Feel free to reach out and ask. We’re sure to have the best mortgage loan solution to meet your goals. If that’s not the case, then we will assist you in creating a roadmap to meet your homeownership goals.