Provo, Utah's Most Trusted Mortgage Loans

Your mortgage loan shouldn’t weigh you down.With a competitive loan rate, you can step into your dream home without the strain of sky-high monthly payments. Because homeownership is meant to empower you, not weigh you down. Here at Summit Home Loans, you’ll have access to a broad spectrum of loan options, along with customized service from dedicated professionals who care about your success.Whether you're buying your starter home, your long-term home, or refinancing your current place.

Stop Paying More Than You Should on Your Mortgage

The average home cost has increased, which means it’s more important than ever to cut costs where you can. Mortgage brokers who add on extra costs seem to have become the industry standard, but not with us. Here, your financial well-being is our main concern.We’ll do whatever it takes to get you that home you’ve been waiting for at an unbeatable price. And if the time comes, we can help you refinance your home at an improved interest rate.

There’s a Home Loan for Your Goals.

There’s no such thing as a single loan that fits all, because every homeowner has different needs. We all have different requirements, goals, and dreams. That’s why we make it a priority to truly understand your situation and tailor a mortgage loan that’s aligned with your needs.

We work with people from all walks of life:

First-time homebuyers
Borrowers with less-than-perfect credit
Doctors navigating student debt
Contractors building luxury homes
Military members and veterans
And countless others

If you’re concerned you won’t get approved for a home loan or don’t have enough saved for your down payment, don’t count yourself out. Give one of our expert loan officers a call, and you’ll be amazed by how many financing paths there are for you at Summit Home Loans.

Standard Mortgage Loans

These are loans available from 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 most competitive rates across the country.100% gift funds can be used toward your down payment and no initial fees charged!

Pros: Reduced fees relative to federally insured loans like FHA or VA loans, and they feature flexible term lengths.

Cons: Usually, you’ll need at least three to five percent upfront to prevent extra costs, like mortgage insurance. They also often have stricter eligibility guidelines compared to federally insured loans.

Home Loan Refinance Programs

It’s true, refinancing your home loan is a intelligent choice that can help you save money over time. The primary reason to refinance? You could take advantage of a far more competitive rate—cutting your payment costs and keeping more money in your pocket for years to come. Even a minor cut in your mortgage bill can have a major impact—giving you room to focus on other financial priorities like handling everyday expenses more easily.

Benefit: Refinancing from an ARM (adjustable-rate mortgage) to a fixed mortgage helps you lock in predictable monthly payments and avoid future rate hikes—offering certainty for the entirety of your mortgage.

Drawback: The closing costs associated with refinancing can be significant, but we eliminate any home loan origination costs, making us the best lender for your mortgage refinance.

A Guide to Understanding Reverse Mortgages

A reverse mortgage helps you unlock part of your equity in your home into cash without having to sell your home or pay additional monthly bills. Our knowledgeable home loan officers

Start Your Construction Journey With the Right Loan

Construction loans are short-term loans that extend financing to construct a new house or for completing significant renovations. Secure your construction financing today. Our efficient and easy loan process offers you a wholesale mortgage loan rate plus fewer closing costs from your wallet. You’ll find that we offer a 180-day rate lock for your peace of mind. No administration fees and no unexpected costs.

Benefit: Most construction loans demand payments solely on interest during the project.

Drawback: Construction loans commonly ask for a higher down payment. You’ll be required to have thorough plans, a construction timeline, and a certified builder 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..

An Easier Path to Homeownership With FHA

FHA home loans are secured by the federal government and intended to assist low-income buyers or first-time homebuyers. We're an FHA-certified lender, offering our clients a variety of benefits with FHA loan solutions. We offer FHA-backed loans with only 1.5% down and FICO scores as low as 580. Your full down payment can be gifted, with zero origination or processing charges.

Advantages: FHA mortgage loans usually have more competitive interest rates.

Disadvantages: Limitations exist regarding how much you can borrow, which may vary depending on the area you live. Reach out to a nearby mortgage specialist at Summit Home Loans to talk to an expert.

USDA Home Loans

If you’re planning to move to a qualifying rural or suburban area, the government offers flexible mortgage options that encourage homeownership and community development in these areas. Qualify for a government-backed USDA mortgage loan with a credit rating as low as 580 and zero down payment needed. Contact us now for a swift preapproval process.

Advantages: Lower monthly payments because of affordable mortgage loan rates and reduced insurance costs.

Disadvantages: USDA home loans include certain requirements based on the region and number of people in your home. Let’s see if you meet the requirements with one of our knowledgeable home financing professionals.

Best Service Member Financing Solutions

Veterans Affairs financing solutions assist veterans, service members, and surviving spouses become homeowners. Conveniently located by Hill AFB, our loan officers proudly supports veterans. With as little as zero down, no private mortgage insurance, and the most competitive rates, we’re committed to providing an outstanding home loan to the veterans we serve.

Benefit: If you're eligible, you have the option to reduce your interest rate with a VA Interest Rate Reduction Refinance Loan (IRRRL).

Drawback: VA-backed loans are for primary residences only, meaning they can’t be used to buy an investment property.

Customized Jumbo Loan Options

Exclusive estates call for a loan that fits their scale and sophistication, which is why Jumbo Elite loan programs are a perfect option. Jumbo Elite loan programs are for homebuyers who need more than what standard mortgage limits allow without settling on favorable rates or streamlined service. Thanks to our experienced team leading the process, obtaining funding for a premium residence feels effortless.

Advantages: Jumbo Elite Loans offer mortgage loan rates that are more cost-effective than conventional jumbo loans.

Disadvantages: Applicants must establish significant financial stability for these loans.

Purchase a High-Cost Home with More Attractive Terms

For those of you who are looking to purchase properties in high-cost areas where home prices are above the norm, a Nationwide High Balance Loan could be the answer. Unlike jumbo loans, Nationwide High Balance loans are backed by the government-sponsored enterprises Fannie Mae and Freddie Mac and generally come with lower mortgage loan rates. We’re honored to be one of the few lenders across the country who can provide this exclusive lending option.

Benefit: These home loans typically require lower down payments than traditional Jumbo loans, making high-cost homes more accessible.

Drawback: While Nationwide High Balance Loans surpass typical conventional loan limits, the loan amount is still restricted at your regional conforming cap. Learn the maximum loan limit today by speaking with one of our expert mortgage loan specialists near Provo, Utah.

Expert Commercial Loans Solutions

As an independent mortgage brokerage, we help lower financing expenses with any kind of mortgage loan. This also applies to commercial properties. You can expect quick turnaround times, diverse financing choices, and competitive rates on all commercial financing. Get in touch right away for details about our commercial financing options. We offer more than traditional mortgage lending to back your success in business ventures beyond the home.Commercial loans commonly fund business activities or property purchases. Commercial loans come in a range of formats, such as SBA loans, commercial real estate financing, and bridge funding. Let us help you find the right loan for your company.

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

Disadvantages: You might need to offer collateral, such as business equipment or individual assets, to obtain a commercial financing option. Reach out to one of our knowledgeable commercial loan specialists anytime to discuss your commercial lending solutions.

Leverage Our Doctor Mortgage Loan Solutions

Doctor mortgage loans take into account that medical professionals often make substantial salaries but still carry significant student loan debt due to their lengthy and costly education. For this reason, physician mortgages are often more beneficial to medical professionals than standard loan options. With low down payments and lenient DTI (Debt-to-Income) ratios, this financing option is an great choice for doctors.

Pros: Doctor home loans typically offer small or no upfront costs. This helps medical professionals to achieve homeownership sooner. These loans often don’t require Private Mortgage Insurance, which can cut down your monthly expenses.

Cons: Doctor loans offer valuable perks, but they may come with somewhat higher mortgage loan rates than traditional mortgages because of the increased financial risk. Medical professional loans are commonly only offered to doctors, dental professionals, and other approved healthcare providers.

Customized Mortgage Options for Every Stage of Life

We're a loan brokerage. We have access to all the mortgage options that our borrowers are looking for. Don’t see the loan program you were looking for?. Send us a message and ask. We’re sure to have the best mortgage loan solution to fit your needs. If that’s not the case, then we will help you create a strategy to reach your homeownership goals.

Managing Mortgage Loan Rate Changes with Expert Help

Fluctuations in home loan rates in Utah are shaped by both local and national market trends. Elements such as rising prices, the Federal Reserve’s decisions on interest rates, and the real estate conditions can shift interest rates higher or lower. Shifts in interest rates can seriously affect your budget for buying a home.

We realize that rate changes can be overwhelming, especially if you’re deciding when to buy or refinance. Our team keeps you informed on the housing market and works to find you a great rate. You’ll find a broad selection of loan options, including fixed and adjustable mortgages, so we can lead you to the financing solution that works best for you.

Our team helps you choose the right time to set your mortgage loan rate
You'll get recommendations personalized for your financial goals
You get access to competitive rates, even when the market is fluctuating
And we’re here to refine your loan if rates change suddenly.

You’re not expected to predict the market. You just need a team that understands the market. Let us help you secure the best loan option and rate for your future plans.

Mortgage Loan FAQ

We recognize that you’re an expert in many aspects of your life, but we don’t expect mortgage loans to be one of them—that’s what we’re here for.

In a market that’s constantly changing, it’s our priority to stay ahead of market changes—giving you an edge in the home loan process. By doing this, we’re able to provide you with timely and accurate information, some of the best rates available, and excellent assistance—right here in Provo, Utah.

Below, we’ve listed answers to several of the frequently asked questions people ask about mortgage loans, but it isn't an exhaustive list. Each mortgage loan and scenario comes with its distinct nuances. Give us a call to get additional information. Our skilled team of loan officers is ready to help you out.

Mortgage Loans Explained: What They Are and How They Function

We have a diverse set of loan options to choose from for a variety of borrowers. Even so, the most accessible mortgage loans to be eligible for are generally loan programs such as FHA, VA, and USDA. All of these mortgage loans offer small or no down payment requirements, so they require very little savings. All of these mortgage loans offer small or no down payment requirements, so they require very little savings.

Plus, if you’re a first-time buyer, the state of Utah has exclusive benefits that support your loan approval.

Getting a Home Loan With No Credit Score

Our team regularly helps homebuyers in -geo_ca- who don’t have a conventional credit profile but are financially prepared to purchase a home. Borrowers have more than one way to qualify for a loan, and we’re ready to assist you.

Loans backed by the government, like FHA or USDA mortgages, permit manual underwriting. Instead of relying on your traditional credit score, we can consider your record of timely payments for things like housing payments, utilities, and insurance. Programs like these are designed for homebuyers with limited or no credit history.

Qualification often requires a steady income, consistent employment, and overall financial stability. Under specific circumstances, a bigger down payment or adding a co-signer with strong credit can strengthen your application.

What Assistance Can First-Time Homebuyers Get in Provo, Utah?

Utah features several state assistance programs to help first-time buyers purchase a property with less money down and easier qualification criteria. Several of these initiatives can be paired with loans like FHA, VA, or USDA for additional perks. Our team will help you maximize every available resource.

What is the Timeframe for Mortgage Loan Approvals?

Many banks need around a month to finalize financing, but through us, many clients close their loan much faster. You can get pre-approved in as little as one day—simple and without delays. No matter what, we will move quickly while providing you the best service and mortgage rates in Provo, Utah.

Should You Go with a Local Mortgage Company?

Give your buyers more than financial support—provide them a partnership they can count on. With some of the best rates in the industry and no hidden costs, we help you forge stronger relationships and accelerate the home-buying process. Your clients can rely on no origination, processing, or administration costs. This is on top of incredible community-based service throughout the entire process.

Still undecided? Read our Google reviews.

Talk to a Mortgage Broker Near Provo, Utah

Talk directly with a seasoned Provo, Utah-based mortgage professional, not a chatbot. As community-based mortgage brokers, we understand Provo, Utah’s one-of-a-kind housing market, the special programs available to you, and the best route to loan approval.

Ready to Purchase Your Next House?

When you’re ready to take the next step, Summit Home Loans will be here to make sure it comes to fruition—from day one to the final agreement. Our team will be there for you with expert guidance, the best mortgage loan rates, and no extra costs.

Loan Types

Commercial Loans

Doctor Loans

Jumbo Loans

USDA Loans

Construction Loans

FHA Loans

Refinance Loans

VA Loans

Conventional Loans

High Balance Loans

Reverse Mortgage Loans

Many More Programs

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