Riverton, Utah's Most Trusted Mortgage Loans

A Mortgage Loan That Is Perfect for Your Situation.

Your needs are personal. We feature a wide range of mortgage solutions tailored to your unique needs. We have programs for new homeowners, those who have served, doctors, people seeking better loan terms, and much more—just let us know how we can help. Whatever the goal, we will find you the best-fit loan that supports your budget and homeownership desires.

Things to Know About Traditional Home Loans

One of the highly favored and broadly applicable mortgage loan options to consider is a conventional loan—for all the right reasons. These loans rely on private lenders as opposed to the government, which provides more control when it comes to loan terms, property types, and overall loan structure. If you’re ready to buy with strong credit, we can find you a traditional mortgage with the lowest mortgage loan rates on the market.

Benefit: You can contribute as little as 3% down through full gift contributions assistance. And of course, absolutely no processing or origination expenses with us.

Drawback: Conventional loans often have tighter DTI thresholds, meaning you can’t have too much existing debt.

Exploring Refinancing Options

Refinancing your home involves taking out a new mortgage loan to transition from your existing mortgage, typically to save on interest over time. We offer a complimentary pre-qualification for anyone looking to refinance. We don’t charge upfront origination costs or hidden processing costs, making us your most competitive option.

Advantages: Refinancing your mortgage can improve your financial outlook by minimizing how much interest you pay, potentially saving you thousands over time. Additionally, it provides access to the cash tied up in your home. You can use your home’s equity for enhancing your living space, consolidating credit cards, or handling unexpected costs.

Disadvantages: While refinancing your home loan offers a range of financial benefits, it can stretch out your payment period and ultimately cause you to pay more in interest long term. Plus, if you don't intend on holding onto the home long term, this might not be the right financial move.

Breaking Down Reverse Mortgages

A valuable opportunity for those 62 and up, a reverse mortgage loan provides you with the reliable monthly payments for your needs. Rather than remitting payments to the lender, the lender pays you directly—from the home equity you’ve established. Funds from your reverse mortgage can be distributed: as a complete payout, through steady monthly payouts, or as a flexible credit line. The best part is that the loan doesn’t have to be paid back until you put your home on the market, move out permanently, or after your passing.

Pros: Enjoy greater peace of mind by boosting retirement cash flow. You aren’t obligated to make monthly payments, and the loan is resolved when you no longer live in the home or upon your death.

Cons: If you’re considering a reverse mortgage, you must be a minimum of 62 years old, have built-up equity in your property, and be prepared for insurance that’s built into the loan.

Give us a call, and we’ll discuss if a reverse mortgage loan fits your personal goals.

Build Your Home With the Right Loan

Construction loans are meant to provide quick financing, so you can build your dream home or undertake a large-scale renovation project. They are typically costlier mortgage loans set up to be fulfilled once the construction is done. In contrast to many other loans, loans for construction involve multiple disbursements as the construction progresses. There are a variety of construction loans, and a knowledgeable loan specialist would be happy to find the right one for you.

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

Disadvantages: Construction loans require a permanent mortgage once the project is complete, but we are here to guide you with that next step of your loan and secure the best loan rate.

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

Government-Backed FHA Loans

FHA home loans are protected by the federal government and created to support low-income buyers or people buying their first home. We're an FHA-approved broker, giving our clients a variety of benefits with FHA home loan programs. We offer FHA-backed loans with only 1.5% down and a minimum credit score of 580. You’re allowed to use full gift funds, with zero origination or processing charges.

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

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

Rural Housing Loans

If you’re planning to move to a USDA-eligible rural region, the government offers accommodating loans that encourage homeownership and community development in these areas. Get approved for a government-backed USDA mortgage loan with a credit score as low as 580 and zero down. Call one of our specialized lenders today for a smooth and fast prequalification process.

Advantages: Affordable monthly payments because of competitive interest rates and reduced insurance costs.

Disadvantages: To qualify for a USDA loan, you must meet guidelines based on your location and household size. We’ll help you check your eligibility with one of our helpful mortgage consultants.

Exclusive VA Financing Solutions

The Department of Veterans Affairs offers the best mortgage loan that helps active-duty service members, veterans, and surviving spouses buy a house with favorable terms and zero down. With a Veterans Affairs loan, reap the benefits of reduced mortgage costs and the lowest available interest rates available to you.

Pros: Veterans Affairs loans provide complete financing, ensuring no down payment is required. This helps simplify the process for qualifying those who serve and their loved ones to purchase their first home. Also, compared to standard home loans, Veterans Affairs loans don’t require private mortgage insurance (PMI).

Cons: Veterans Affairs loans often require a single upfront VA funding fee, which contributes to the final cost of borrowing.

Buy a Luxury Home With Jumbo Elite Loans

If you're ready to purchase a high-value home, we’re here to turn that into reality. Jumbo Elite Loans are specifically designed for high-net-worth individuals who are looking to finance luxury or expensive loans that exceed traditional loan limits. We accept as low as 10% down and there’s no need for mortgage insurance.

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

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

Nationwide High Balance Financing

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

Pros: Favorable mortgage loan rates, offering more affordable loan options for bigger homes. Nationwide High Balance Loans let you access more funds than traditional mortgages and are a smart choice for buyers in expensive markets.

Cons: Given the greater borrowing amounts, these loans often need a higher down payment. Homebuyers must meet the tighter qualification standards.

Power Your Business Growth With a Flexible Commercial Loan

When your business is ready to grow, you need a loan that matches your effort. Our commercial financing options make it easier to move your business forward—whether you're investing in property, upgrading your facilities, investing in equipment, or expanding into a new area. Take advantage of our flexible commercial loans aligned with your business goals, revenue stream, and timeline—so you can keep your attention on scaling up.

Pros: Commercial financing options allow you to secure the money you need to buy, restructure, or build business property.p>

Cons: These loans often have higher interest rates compared to typical mortgage loans because they involve greater risk. At times, you may need strong business credit, a business plan, and a strong down payment to get approved.

Medical Professional Loans

Don’t let your student loans keep you from buying a home. Doctor loans make it possible for you to purchase the home you’ve been looking for. If you are still completing or just finished a residency, physician loans allow you to exclude student debt when calculating your debt ratio. Take advantage of reduced down payments as low as 3% with a FICO score of 720 or higher. Forget about origination or processing fees on our home loans.

Pros: Doctor loans often offer low or no down payments. This enables physicians to achieve homeownership sooner. These loans typically don’t require monthly mortgage insurance, which can help lower your payments.

Cons: Doctor loans offer strong advantages, but they may come with slightly higher mortgage loan rates than regular financing because of the perceived risk. Medical professional loans are generally only designed for doctors, dental professionals, and other specified medical personnel.

Additional Programs

We're a home loan brokerage. We have access to all the loan products that our customers need. Not seeing the loan program you wanted?. Feel free to reach out and ask. We’re confident we have a mortgage loan solution to suit your needs. If not, then we will help you create a roadmap to reach your homeownership aspirations.