Home Purchase

Our experienced team will help find the right mortgage program for you to buy a home.

Conventional Loans

Conventional loans are not backed by government agencies like the Federal Housing Administration (FHA) or Department of Veterans Affairs (VA). Instead, they’re made available through government-sponsored organizations known as Fannie Mae and Freddie Mac, who establish the guidelines for conventional loans and work to ensure that they remain affordable for homebuyers and homeowners.

Conventional loans combine fixed-rates and a variety of low down payment options and assistance programs to give you more flexibility up front and more stability over the life of your loan.

Down Payment Assistance Programs

Buyers who don’t have the funds for a down payment can combine gift funds from friends and family, loans, grants, tax credits, and other financial sources to help lower the upfront cost of buying a home and maintain affordable monthly payments.

FHA Loan

The Federal Housing Administration (FHA) designed these loans to meet the needs of buyers with low or moderate incomes. With only a 3.5% minimum down payment required and flexible qualifying guidelines, this is a great option for young and first-time homebuyers.

VA Loans

VA loans are guaranteed by the U.S. Department of Veterans Affairs (VA) to help qualified veterans, active-duty service members, and their spouses afford a home. 100% financing is available on qualified transactions without private mortgage insurance (PMI).

USDA Loans

The US Department of Agriculture (USDA) offers low and no down payment mortgages for eligible rural and suburban homes. Buyers who live outside major metropolitan areas and are unable to secure financing for traditional mortgages may want to consider a USDA loan.

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The entire Summit Mortgage team was great to work with for buying our first home

– Alyssa Werth

We heard about Summit Mortgage from a family member who had worked with them and I have to say that I was blown away by their friendly service.

– Matt Larson

Buying a home was made SO easy by Summit! We worked with Brandon and it was the absolute best experience.

– Holly Bressler