Lehi, UT's Most Trusted Mortgage Loans

Mortgage Loan Types

We feature a variety of home loan options to match your situation. It doesn’t matter if you’re a first-time house shopper, looking to refinance your mortgage, or interested in a FHA loan—we will offer you the highest quality service and mortgage rates. Our expert team will walk you through every step to secure the best mortgage match for your personal finances and home buying goals.

Conventional Loans

These are loans issued 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 most competitive rates coast to coast.Complete gift funds may be applied to cover your down payment and no processing or origination fees charged!

Pros: Decreased loan expenses compared to federal loan programs like FHA or VA loans, and they come with varied term lengths.

Cons: Usually, you must come up with at least 3 to 5 percent toward your down payment in order to bypass extra costs, such as mortgage insurance. They also often have stricter financial requirements compared to programs like FHA, VA, or USDA.

Conventional loans are a powerful option, but they are not the right fit for everyone. We’re dedicated to assisting you in finding the right path forward and helping you pick the loan that supports your financial future.

Exploring Refinancing Options

Refinancing can be a effective option to free up monthly cash flow—to do this, you swap out your existing loan with one that has a more favorable interest rate. We deliver a zero-cost mortgage review for those interested in a better loan. Also, steer clear of all origination and processing fees by finalizing your mortgage loan using our refinancing options.

Pros: Decreasing what you owe each month and freeing up funds for other goals. You can also access your home’s equity for cash, which can be used for property upgrades, simplifying your monthly payments, or personal goals.

Cons: Refinancing your home loan comes with settlement charges that can be noticeable, making it less appealing for homeowners who don’t plan to live in the property for many years. Extending your mortgage term can mean increased interest costs over the full duration of your loan.

What You Should Know About Equity Release Loans

Our experienced mortgage representatives can help you see if this option aligns with your goals.

Ground-Up Construction Loans

We understand that creating a home from the ground up is not just another project, it’s where your future begins. We offer construction loans that are built to give you the flexibility and financial support to launch your project with certainty. Many people decide to work with an expert or act as your own project manager. Whichever option you choose, we are here to help you obtain the financing that aligns with your timeline and budget—this features a 180-day lock option, ensuring your mortgage loan rate for 180 days.

Benefit: Most construction loans need interest payments only during the development stage.

Drawback: Construction loans commonly ask for a larger down payment. You’ll need complete plans, a construction schedule, and a qualified builder in place before receiving approval.

Our skilled team knows construction lending and will keep your build on course financially and structurally..

Easier Homeownership with FHA Financing

Here, we aim to make owning a home within reach—whether you're buying your first home, rebuilding credit, or have a limited budget. Supported by the Federal Housing Administration, FHA loans are built to support borrowers who are looking for extra flexibility without giving up great terms or long-term value.

Advantages: These government-backed loans usually have reduced rates.

Disadvantages: Restrictions exist on how much you can borrow, which may fluctuate depending on your location. Call a nearby mortgage specialist at Summit Home Loans to talk to an expert.

Purchase a Home in a Qualifying Rural Location with USDA Loans

If you've been longing for remote landscapes and a home that feels like a true escape, a USDA loan can help turn that vision into reality. This loan program supports eligible small-town and suburban areas, and they let you finance the entire purchase, meaning you won’t need upfront cash. Purchasing a house in a rural area is a chance to own a home you truly enjoy without the need for a big upfront payment.

Benefit: These loans are more lenient with credit, making it easier for a wide range of buyers to qualify.

Drawback: As USDA loans involve additional approval from the USDA directly, the loan process can require a bit extra time than conventional loans.

Mortgage Loans for U.S. Veterans

Each veteran should have the chance to own a home without unnecessary barriers or extra challenges. Which is why we proudly offer Veterans Affairs loans—a exceptional mortgage loan built specifically for eligible surviving spouses, active-duty military, and veterans. Guaranteed by the U.S. Department of Veterans Affairs, VA loans are designed to honor your service by making homeownership more attainable and realistic. Thanks to no money down, no PMI required, and credit-friendly qualifications, this is one of the best mortgage loans on the market. Because of that, we remain honored to extend this valuable resource to veterans and their families.

Pros: Home loans for veterans include zero-down financing, meaning no down payment is required. This makes it easier for military families, veterans, and active-duty members 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 require a one-time loan fee, which may raise your total financing cost.

Boost Your Purchasing Power With Elite Jumbo Financing

For home loans over the conventional limit, our team features some of the best loan programs available throughout the greater Wasatch Front region. With as little as 10% down and no mortgage insurance, our Jumbo mortgage solutions are second to none. We accept FICOs as low as 680 with no fees for origination or processing.

Benefit: You don’t need a perfect credit score for a Jumbo Elite Loan. At Summit Home Loans, you can enjoy perks like 10% down, zero mortgage insurance, and loan options for buyers with FICOs as low as 680.

Drawback: A reduced down payment allows you to move into your home more quickly, but it also means you’re borrowing a higher portion of the home's cost. Over time, this could increase your overall repayments and loan costs, especially for lengthier mortgage loan terms.

Nationwide High Balance Lending Options

Get the larger house without the higher rate. Just 10% down required with no private mortgage insurance required. FICOs starting at 680. And no fees for origination or processing. Only a limited number of lenders offer this program nationwide.

Pros: Favorable mortgage loan rates, providing more cost-effective financing for premium properties. Nationwide High Balance Loans let you access more funds than standard loans and are a solid solution for borrowers in expensive markets.

Cons: Because of the larger loan sizes, these loans typically need a higher down payment. Homebuyers must comply with the more rigorous qualification standards.

Reliable Commercial Loans

As an independent mortgage brokerage, we help reduce costs for our clients across various mortgage options. This also holds true for commercial loans. We offer efficient processing, flexible loan options, and competitive rates on all types of commercial loans. Speak with us today to discover more about our commercial financing options. We go beyond traditional home loans to back your success in business ventures outside of home buying.Commercial loans commonly finance company operations or acquisitions. Commercial loans are available in a range of formats, such as Small Business Administration loans, commercial property loans, and bridge funding. Our team will find the right loan for your goals.

Benefit: We offer great rates to make it easier for you to manage your costs as you grow your business.

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

Loans for Doctors

We get that becoming a doctor takes years of training, but we believe homeownership shouldn’t have to wait.Which is why we’ve built the best mortgage programs, exclusively just for healthcare heroes. Whether you're in residency or well into your career, our physician mortgage is built for you.

Benefit: You may save a lot each month since extra mortgage insurance is typically waived.

Drawback: Very few banks offer doctor mortgage programs, but we are pleased to be a provider. Get in touch now and start your pre-approval for your future home..

Not Seeing Your Loan Here?

Things change in life, and we are here to support you at every stage of your journey. As a full-service brokerage, we can tailor loans to meet your needs. Even if you believe you aren’t eligible for a certain mortgage, we can explore your options and offer a solution based on your unique situation.