Ogden, Utah's Most Trusted Home Loan Options

Varieties of Mortgage Loans

We feature a diverse selection of financing programs to suit your needs. It doesn’t matter if you’re a first-time house shopper, looking to refinance your mortgage, or interested in a VA loan—we will offer you the highest quality service and mortgage loan rates. Our loan specialists will help you navigate the journey to get the perfect fit for your specific situation and real estate plans.

Understanding Conventional Loans

These are loans available from non-government lenders, such as banks and credit unions. Our team features conventional loan programs with as little as 3% down while offering the most competitive rates throughout the United States.Full gift funds are allowed toward your down payment with no initial fees needed!

Benefit: You can make a down payment of only 3 percent with complete gift funding assistance. And of course, zero loan origination charges with us.

Drawback: Conventional loans often have more conservative income-to-debt guidelines, meaning you can’t have too much existing debt.

Home Refinance Loans

Indeed, reworking your mortgage is a intelligent choice that may reduce your expenses in the long run. The most compelling benefit? You could take advantage of a much better mortgage loan rate—lowering what you owe each month and keeping more money in your pocket for years to come. Even a modest drop in your monthly housing cost can have a major impact—freeing up money for other financial priorities like handling everyday expenses more easily.

Advantages: Refinancing your mortgage can improve your financial outlook by saving you on interest over the years, possibly saving you a significant amount of money. Additionally, it lets you access the equity you’ve built. You can use your home’s equity for upgrades in your home, reducing financial burdens, or investing in personal goals.

Disadvantages: While refinancing your home loan offers many benefits, it can stretch out your payment period and ultimately increase the total amount of interest you’ll pay over the life of the loan. In addition, if you’re not planning on keeping your home for the foreseeable future, this might not be the route for you.

Are you familiar with Home Equity Conversion Mortgages?

A unique option for those 62 years old and older, a reverse mortgage loan supplies the regular cash flow for a more secure future. Instead of sending money to the lender, the lender provides you with payments—through the equity you’ve accrued in your house. You can access the money from your reverse mortgage: as a single upfront payout, through steady monthly payouts, or as a line of credit you can access as needed. The great thing is the loan isn’t due until you no longer own the home, relocate permanently, or after death.

Benefit: The amount you gain from a reverse mortgage is not subject to taxes, which means you don’t have to pay income taxes on the money you get.

Drawback: Most reverse mortgages contain fees at closing, including costs tied to appraisals and insurance. However, we will give you the most competitive price and won't burden you with processing or origination fees.

Talk to one of our experts, and we’ll help you find out if a reverse mortgage is the right fit.

Loans for Building a Home

Here, we understand that creating a home from the ground up is so much more than construction, it’s a dream. Construction loan options from us are tailored to give you the backing and flexibility to move forward with peace of mind. Homebuilders often hire a licensed contractor or manage the program yourself. Either way, we are here to help you lock in the financing that fits your financial goals and schedule—this also includes a 180-day lock option, guaranteeing your mortgage loan rate for 180 days.

Advantages: You gain the flexibility of having the funds to construct your place just the way you want.

Disadvantages: Construction loans require a permanent mortgage once the project is finished, but we are ready to assist you with that next part of your loan and find the most competitive mortgage loan rate.

Our expert team specializes in construction lending and will keep your build on course with the budget and structure..

Qualify for FHA Financing

FHA home loans are protected by the FHA and designed to help low-income buyers or people buying their first home. We're an FHA-authorized broker, giving our clients valuable perks with FHA mortgage options. We offer FHA financing with only 1.5% down and credit scores starting at 580. Entire down payment can be a gift, with no added loan fees.

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

Disadvantages: Restrictions exist around how much you can borrow, which may vary depending on where you live. Connect with a knowledgable mortgage loan specialist at Summit Home Loans to consult an advisor.

Zero Down Needed? No Problem with Government-Backed USDA Financing

If your heart is set on remote landscapes and a place that feels like a real retreat, a USDA loan could help bring that dream to life. USDA home loans help certain rural and suburban areas, and they offer 100% financing, which means no down payment. Purchasing a house in a rural area is a chance to put down roots where you’re happy without the big initial expense.

Pros: It’s a helpful solution for those with limited savings, because it lets you buy with zero down. USDA loans usually have reduced mortgage insurance premiums in contrast with other mortgages, helping you save in the long run.

Cons: This financing option is available only for homes in specific areas, restricted to qualified areas.. To qualify, you must meet income guidelines, so borrowers who earn too much could be denied.

Mortgage Financing to Support Veterans

The U.S. Department of Veterans Affairs offers a financing program that assists active-duty service members, veterans, and surviving spouses buy a home with favorable terms and no down payment. With a Veterans Affairs loan, enjoy reduced mortgage costs and the lowest available interest rates tailored for veterans.

Advantages: Credit guidelines for VA loans are not as rigid, allowing access for veterans and qualified surviving spouses with less-than-perfect credit.

Disadvantages: There are limits to the amount of financing available in certain locations. As seasoned specialists near Ogden, Utah, we are here to provide you with valuable mortgage information and help you access the maximum home financing for your home.

Tap Into More Buying Power With Exclusive Jumbo Mortgage Loan Programs

Luxury homes require capital that complements their scope and luxury, which is why Jumbo Elite loans are a perfect option. Jumbo Elite loan programs are for individuals who require more than what conforming mortgage loan limits allow without compromising on affordable rates or smooth processing. With our experienced team guiding the process, securing financing for a high-end property feels effortless.

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

Disadvantages: Applicants need to show strong financial ability for these loans.

The Reasons a Nationwide High Balance Loan May Be Ideal for You

For those of you who wish purchase properties in expensive regions where home prices are above the norm, a Nationwide High Balance Loan could be the ideal choice. Unlike jumbo loans, Nationwide High Balance loans are supported by the government-sponsored enterprises Fannie Mae and Freddie Mac and generally come with more competitive mortgage loan rates. We’re excited to be one of the limited lenders across the country who can offer this exclusive program.

Advantages: Nationwide High Balance Loans get you into the properties you dream of in a high-cost market. Also, these loans are usually less expensive than jumbo loans and are easier to qualify for, making them a smart choice.

Disadvantages: Nationwide High Balance Loans can only be obtained in federally approved high-cost zones. If you're buying in an area that doesn’t meet the requirements, this may not be an option for you. Speak to one of our mortgage loan experts located near Ogden, Utah to explore your options.

Affordable Commercial Loans

When it’s time to grow your business, you need a loan that works as hard as you do. Our commercial loans make it easier to move your business forward—whether you're acquiring commercial real estate, upgrading your facilities, buying equipment, or expanding into a new area. Access our tailored financing options designed for your needs, income cycle, and schedule—so you can stay focused on growth.

Advantages: Commercial loans can help your business with the cash it needs, especially during seasonal and market changes.

Disadvantages: You might need to put up collateral, such as business property or personal assets, to secure a commercial loan. Reach out to one of our expert financing experts today to learn more about your loan opportunities.

Explore Our Doctor Mortgage Loan Options

Doctor-specific mortgages acknowledge that physicians usually earn high incomes but nevertheless have large student loan debt due to their extended, high-cost education. This is why home loans for doctors are generally more advantageous to physicians than traditional mortgages. With minimal down payment requirements and more forgiving debt-to-income requirements, this loan product is an strong choice for physicians.

Advantages: Loans for doctors are built for medical professionals, making homeownership more affordable and achievable.

Disadvantages: Loans for doctors are specialized and only offered by select lenders. We are proud of our physician mortgage programs and are pleased to extend their special options to doctors and healthcare providers near Ogden, Utah.

Additional Programs

Life is always changing, and we are here to support you at every stage of your journey. As a comprehensive mortgage brokerage, we can personalize loans to fit your specific needs. Even if you believe you might not qualify for a certain mortgage, we can look at your options and find a solution that fits your needs.