Midvale, UT's Top Home Loan Options

A Mortgage Program That Matches Your Needs.

Your circumstances are specific to you. We provide a diverse selection of loan products designed to fit your individual situation. We have programs for new homeowners, veterans, healthcare workers, homeowners wanting to refinance, and much more—just ask. Whatever the situation, we will get you the best-fit loan that aligns with your budget and homeownership desires.

Understanding Conventional Loans

One of the widely chosen and widely-used mortgage loan options for buyers today is a conventional loan—and rightly so. These loans are backed by financial institutions rather than the government, which means you have more flexibility when it comes to rate structures, eligible properties, and loan customization. If you’re in great shape financially with proven credit strength, we can match you with a competitive home loan with the lowest mortgage loan rates nationwide.

Pros: Lower fees compared to federally insured loans like FHA or VA loans, and they come with varied loan terms.

Cons: Usually, you should plan for at least 3 to 5 percent toward your down payment in order to bypass extra costs, such as mortgage insurance. They also often have more demanding eligibility guidelines compared to programs like FHA, VA, or USDA.

How Refinancing Your Home Can Help You Save

It’s true, refinancing your mortgage is a smart financial move that can reduce your expenses over time. The biggest advantage? You could secure a much better mortgage loan rate—slashing your monthly payments and keeping more money in your pocket for years to come. Even a small reduction in your home loan payment can free up meaningful cash flow—redirecting funds toward other financial priorities like growing your emergency fund.

Pros: Shrinking your monthly loan payment and building long-term financial savings. You can also use your home’s built-up value, which can be used for enhancing your living space, paying off high-interest debt, or financial needs as they arise.

Cons: Refinancing your home loan comes with transaction expenses that can be substantial, which could make it less attractive for homeowners who don’t plan to keep the home for an extended period. Extending your mortgage term can mean accumulating more interest over the full duration of your loan.

Curious about Reverse Mortgage Loans?

Our helpful mortgage representatives can help you make the best decision for your future.

Get Started on Your Dream Home With Flexible Construction Financing

Construction loans are short-lasting loans that deliver financing to build a custom home or to complete substantial improvements. Finalize your construction loan quickly and easily. Our efficient and simple loan process offers an unbeatable mortgage loan rate plus fewer closing costs out of pocket. We have a 180-day interest rate lock for your convenience. No documentation fees and no hidden charges.

Benefit: Most construction loans require interest payments only during the build.

Drawback: Construction loans generally demand a bigger down payment. You’ll need complete plans, a construction schedule, and a licensed contractor in place before being approved.

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

A Simpler Way to Homeownership with FHA

FHA home loans are guaranteed by the U.S. government and intended to assist low-income buyers or people buying their first home. We're an FHA-approved broker, offering our clients valuable perks with FHA financing programs. We offer FHA loans with only 1.5% down and a minimum credit score of 580. 100% gift funds are allowed, with no fees for origination or processing.

Advantages: These government-backed loans usually have lower mortgage loan rates.

Disadvantages: Limits exist around how much you can borrow, which may differ depending on the area you live. Connect with a nearby mortgage specialist at Summit Home Loans to speak with an advisor.

100% Financing USDA Loans

If your heart is set on open countryside and a place that feels like a real retreat, a USDA loan can help turn that vision into reality. This loan program supports approved rural and suburban locations, and they let you finance the entire purchase, eliminating the need for a down payment. Buying a home in the countryside is a chance to invest in a place you love without the heavy upfront cost.

Benefit: USDA loans are more credit-friendly, which helps all types of buyers to qualify.

Drawback: Because USDA loans involve additional approval from the USDA itself, the process can require a bit longer than conventional loans.

Helping Eligible Military Heroes Through VA Loan Programs

The U.S. Department of Veterans Affairs offers the best mortgage loan that assists active-duty service members, veterans, and surviving spouses purchase a house with favorable terms and zero down. With a Veterans Affairs loan, take advantage of more manageable payments and the lowest available interest rates available to you.

Advantages: Credit guidelines for VA-backed mortgages are much more lenient, making qualification easier for veterans and qualified surviving spouses with a lower credit score.

Disadvantages: Loan limits apply to your overall borrowing power depending on where you’re buying. As local experts near Midvale, UT, we will always provide you with personalized support and help you secure the top available loan limit for your home.

Own a Luxury Property With Jumbo Elite Mortgage Programs

Upscale residences call for capital that aligns with their scope and luxury, which is why Jumbo Elite loans are a perfect option. Jumbo Elite loan programs are for homebuyers who seek more than what standard mortgage limits allow without compromising on competitive rates or smooth processing. With the help of our expert team leading the process, securing a loan for a luxury home feels anything but complicated.

Advantages: Jumbo Elite Loans offer mortgage loan rates that are more affordable than traditional jumbo loans.

Disadvantages: Applicants need to show solid financial stability for these loans.

The Reasons a Nationwide High Balance Loan May Be The Right Choice for You

For those of you who are looking to buy properties in high-priced areas where home prices are higher than average, a Nationwide High Balance Loan may be the solution. Unlike jumbo loans, Nationwide High Balance loans are backed by Fannie Mae and Freddie Mac and often come with lower mortgage loan rates. We’re excited to be one of the select lenders across the country who can offer access to this unique offer.

Advantages: Nationwide High Balance Loans get you into the residences you want in a more expensive market. Also, these loans are often less expensive than jumbo loans and have simpler qualification requirements, making them a great option.

Disadvantages: Nationwide High Balance Loans are exclusively offered within specific high-cost regions. If you're buying in an area outside the approved zones, this may not be an option for you. Speak to one of our financing consultants located near Midvale, UT to get more information.

Smart Commercial Loans Options

As an independent mortgage brokerage, we strive to lower financing expenses for all mortgage types. This also applies to commercial loans. Our team delivers efficient processing, a wide range of loan programs, and market-leading terms on all business property loans. Contact us today to find out more about our commercial financing options. We go beyond traditional mortgage lending to help your success in business ventures outside of home buying.Commercial loans generally fund company operations or property purchases. Commercial loans are available in various forms, such as Small Business Administration loans, commercial property loans, and bridge funding. Our team will help you find a loan that fits for your company.

Advantages: Commercial loans can provide your business with the money it needs, especially during seasonal and industry changes.

Disadvantages: You may need to provide collateral, such as business property or individual assets, to obtain a commercial loan. Speak with one of our skilled commercial loan specialists now to discuss your loan opportunities.

A Smarter Way for Doctors to Buy a Home

Don’t let your student loans hold you back from purchasing a home. Doctor loans make it possible for you to purchase the home you deserve. If you are still completing or recently finished a residency, doctor loans let you exclude student debt when calculating your loan qualification. Take advantage of minimized upfront costs as low as three percent with a FICO score of 720+. Absolutely no loan origination or processing fees on our mortgage loans.

Advantages: Medical professional mortgages are created for healthcare providers, making homeownership more affordable and achievable.

Disadvantages: Medical professional mortgages are specialized and not available through every lender. We are proud of our doctor loans and are pleased to offer their loan features to healthcare providers near Midvale, UT.

Unable to Find Your Loan?

We're a mortgage brokerage. We have access to all the products that our clients depend on. Don’t see the loan program you were looking for?. Ask us directly. We’re sure to have a mortgage loan plan to match your goals. If that’s not the case, then we will work with you to build a strategy to attain your homeownership aspirations.