Layton, Utah's Top Mortgage Solutions

A Mortgage Loan That Caters to Your Goals.

Your circumstances are specific to you. We deliver a full suite of financing programs tailored to your personal goals. We have programs for new homeowners, those who have served, doctors, homeowners wanting to refinance, and much more—just ask. Whatever the scenario, we will find you the right mortgage loan that supports your budget and housing needs.

Is This the Right Time for a Conventional Mortgage?

One of the highly favored and widely-used mortgage loan options for buyers today is a conventional mortgage—and rightly so. These loans rely on independent banks rather than the government, which gives you more flexibility when it comes to loan terms, home types, and mortgage flexibility. If you’re in great shape financially with solid credit, we can help you secure a conventional loan with the most competitive mortgage loan rates nationwide.

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

Disadvantages: However, your down payment will need to be at least three percent to prevent extra costs, like private mortgage insurance (PMI).

Conventional loans are a powerful option, but they aren’t the perfect solution for everyone. We’re committed to assisting you in navigating all your financing solutions and connecting you to the loan that fits your bigger picture.

Refinancing Your Mortgage

It’s true, reworking your mortgage is a great strategy that can save you money in the long run. The primary reason to refinance? You could secure a far more competitive rate—lowering what you owe each month and building major long-term savings. Even a modest drop in your home loan payment can go a long way—giving you room to focus on other financial priorities like handling everyday expenses more easily.

Pros: Reducing your monthly payments and building long-term financial savings. You can also access your home’s equity for cash, which can be used for property upgrades, clearing credit card balances, or financial needs as they arise.

Cons: Refinancing your home loan comes with settlement charges that can be quite high, which could make it less attractive for homeowners who don’t plan to keep the home for an extended period. Extending your home loan term can result in accumulating more interest over the life of your loan.

Senior Home Loans

A reverse mortgage allows you to convert the built-up equity in your house into usable income while staying in your home with no extra monthly payments. Our knowledgeable loan specialists

Loans for New Home Construction

Our team recognizes that constructing your dream home is more than a project, it’s a dream. We offer construction loans that are built to offer you the freedom and funding to break ground with confidence. You may work alongside a builder or take control of the build. Regardless of your path, we will help you secure the financing that aligns with your financial goals and schedule—this comes with a 180-day lock option, ensuring your mortgage loan rate for 180 days.

Pros: Money is made available for construction as it progresses, paying for the cost of materials, labor, and land. The loan is given in installments as the construction advances, making sure money is accessible during the build.

Cons: Construction loans usually have faster repayment periods and higher costs compared to traditional home loans, which may lead to more expensive monthly payments. These loans might need a thorough construction outline, a large upfront payment, and decent credit.

Our expert team knows construction lending and will keep your build on course in terms of cost and construction..

A More Accessible Path to Homeownership with FHA

FHA home loans are guaranteed by the FHA and made to help low-income buyers or first-time homebuyers. We're an FHA-authorized broker, offering our clients many advantages with FHA loan solutions. We offer FHA mortgage options with only 1.5% upfront and FICO scores as low as 580. You’re allowed to use full gift funds, with no fees for origination or processing.

Advantages: FHA loans typically have reduced mortgage loan rates.

Disadvantages: Limits exist around how much you can borrow, which may fluctuate depending on your county. Reach out to a trusted mortgage loan specialist at Summit Home Loans to consult an advisor.

Government-Backed USDA Mortgages

If you've been longing for wide-open spaces and a home that feels like a true escape, a USDA loan may be the key to making that dream come true. USDA loans are designed for specific non-urban regions, and they let you finance the entire purchase, meaning you won’t need upfront cash. Moving to the countryside is a chance to put down roots where you’re happy without the stress of major upfront costs.

Pros: It’s a great option for anyone short on savings, because it requires no money down. USDA loans usually have reduced mortgage insurance premiums than other loans, allowing you to keep more money in your pocket.

Cons: These loans are only available for homes in specific areas, limited to eligible regions.. Borrowers are required to stay within income limits, so those above the income cutoff might not get approved.

Mortgage Lending Options for Service Members

VA-backed loan programs help veterans, military personnel, and surviving spouses purchase a home. Located near Hill AFB, our loan officers proudly supports military veterans. With as little as zero down, no mortgage insurance, and low interest rates, we’re proud to offer an affordable mortgage solution to the veterans we serve.

Benefit: If it makes financial sense, you’re able to improve your loan terms with a VA Interest Rate Reduction Refinance Loan (IRRRL).

Drawback: VA-backed loans are intended for your main home, meaning they can’t be used to acquire a second home.

Secure Your Dream Home With Jumbo Mortgage Solutions

When your home loan exceeds traditional thresholds, our team features exceptional rates and flexible loan options across the Wasatch Front. Requiring only 10% down and no monthly PMI, our Jumbo loan solution leads the market. We accept applications with FICOs as low as 680 or higher with no fees for origination or processing.

Pros: You can access higher sums than conventional loans, which is great for investing in expensive properties. With favorable mortgage loan rates, Jumbo loans offer various payment plans, providing freedom for borrowers who seek a larger home loan.

Cons: While favorable, Jumbo Elite home loan rates can be steeper than those of traditional loans, resulting in larger monthly payments.

Nationwide High Balance Financing

For those of you who want acquire properties in high-priced areas where home prices are considerably higher, a Nationwide High Balance Loan could be the perfect option. Unlike jumbo loans, Nationwide High Balance loans are supported by Fannie Mae and Freddie Mac and typically come with better mortgage loan rates. We’re excited to be one of the few lenders across the country who can provide this special program.

Benefit: These financing options typically offer lower down payments than Jumbo loans, putting high-cost homes within reach.

Drawback: Even though Nationwide High Balance Loans are higher than typical loan limits for conventional loans, the total loan value is still capped by the conforming limit in your area. Learn the applicable limit today by consulting one of our expert mortgage loan specialists near Layton, Utah.

Boost Your Business Growth With a Flexible Commercial Loan

When you're ready to take the next step, you need funding that works for you. Our commercial financing options make it easier to grow your business—whether you're purchasing a new space, renovating your space, adding machinery, or launching a new venture. Benefit from our tailored financing options designed for your needs, revenue stream, and timeline—so you can stay focused on growth.

Benefit: We offer favorable rates to assist you in managing your expenses as you expand your business.

Drawback: Depending on the type of loan and your financial situation, a larger down payment could be required.

A More Accessible Way for Doctors to Purchase a Home

Don’t let your student loan debt keep you from purchasing a home. Medical professional loans make it easy for you to buy the home you’ve been looking for. If you’re in or have recently completed a fellowship, physician loans let you exclude student debt when calculating your debt-to-income ratio. Take advantage of down payments as low as 3% with a FICO score of 720. No loan origination or processing fees on our mortgage loans.

Benefit: You stand to save significant money every month since Private Mortgage Insurance is commonly excluded.

Drawback: Not many lenders offer medical professional loans, but we are pleased to be a provider. Call us now and take the first step for your dream home..

Mortgage Solutions Designed for Every Life Stage

We're a mortgage brokerage. We have access to all the solutions that our clients require. Can’t find the loan program you need?. Send us a message and ask. We’re sure to have a mortgage loan solution to match your requirements. If you don’t find it here, then we will help you create a plan to reach your homeownership aspirations.