Question 1

Which home loan is best?

Accepted Answer

Determining which home loan is best for you depends on your financial situation and individual needs. We have years of experience to help you, so you can make the best decision for you. Here are some advantages of different types of mortgage loans. A fixed-rate mortgage offers a consistent interest rate, making it easier to budget and plan for monthly payments. An adjustable-rate mortgage may have a lower initial interest rate, but it can fluctuate over time, potentially increasing your monthly payments. Government-backed loans, such as FHA or VA loans, can be helpful for those with lower credit scores or smaller down payments. Ultimately, it's important to compare interest rates, fees, and terms. But don’t worry! We can help you find the home loan that fits your unique circumstances and goals.

Question 2

What home loans can I do as a first time home buyer?

Accepted Answer

As a first time home buyer, you have access to a variety of loan options. There are many options for first time home buyers that offer down payment assistance or little to no money down. Many grants are available through different counties and cities. To qualify for these benefits you must be a first time home buyer, not owned a home within the last three years, and are based on income limits. Let one of our team members help guide you through the exciting process of homeownership and help you reach your goals.

Question 3

Can I do a home loan if I have bad credit?

Accepted Answer

Getting a mortgage loan with bad credit is not impossible, but it can be more challenging. With a low credit score, you may face higher interest rates, a larger down payment requirement, or stricter terms. However, there are ways to improve your chances, such as improving your credit score, saving for a larger down payment, or applying with a co-borrower. At Summit Lending, we care about seeing you succeed and have tools to help you improve your score. Reach out today and get set up on our FREE training to improve your credit score.

Question 4

Can I do a home loan for renovation?

Accepted Answer

Yes, it is possible to obtain a mortgage loan for renovation purposes. If you currently have equity in your home, you can refinance and take cash out to pay for renovations. Another type of loan you can do is known as a renovation or rehab loan. It allows borrowers to finance both the purchase or refinance of a property and the cost of repairs or renovations. The loan amount is typically based on the estimated value of the property after the renovations are completed. There are several types of renovation loans available, including FHA 203(k) loans and Fannie Mae HomeStyle renovation loans. Let us help you figure out which loan is best for you!

Question 5

What are home loan interest rates today?

Accepted Answer

At Summit Lending we have a LIVE pricing engine so you can always see what current interest rates are. You can price your scenario in seconds. Many factors determine interest rate and so we created this valuable tool so you can see for yourself. We believe in transparency and that is why we post our rates and fees to the public. This tool is FREE! See our LIVE Quote today!

Question 6

What information do I need to apply?

Accepted Answer

When applying for a mortgage loan, you will need to provide several pieces of information. But don’t worry! We are here to help you and make this as easy as possible. First, you will need to fill out an application which will collect information such as your full name, social security number, income sources, employment status, and any debts you may have. Then our team will work with you to gather documentation to support your application, such as bank statements, paystubs, tax returns, and employment verification. If you are purchasing a property, once you have found the property you would like to purchase, you will also need to disclose information about the property such as address, purchase price, and type of property. We will help you every step of the way to help you reach your homeownership goals. Click the green button and get started today!

Let Our Online Mortgage Brokers Guide You

Are you a first time Home buyer?

Get a home value estimate

Talk To a Specialist

Call Us

Send Us a Mail

Live Chat

Calculate your loans

Expert Online Mortgage Brokers That Work For You

Get your loans in just 4 steps

Connect With Us

Weigh Your Options

Start Your Application

Get Approved

Why Choose Us For Your Home Mortgage Loan?

Personalized Service

Transparency

Experience

Stay On The Pulse Of Home Mortgage Loan Trends

Don't Let These Homebuying Myths Keep You from Your Dream Home

Let Us Show You the Easy Way Home

Move into Your Dream Home with 0% Down Payment

Frequently Asked Questions

Mortgage Services All Over America

Mortgage Loans

Loan Calculator

Construction Loans

Purchase and Refinance Loans

Mortgage Services in Utah

Mortgage Services in Utah #2

Mortgage Services in Idaho

Mortgage Services in Wyoming

Your Dream Property Is Just A Click Away