Our Suite of Lending Products
Summit Mortgage and Investment Company offers a wide selection of real estate loan products to meet almost every need. With the strength of a direct lender and the flexibility of a broker we provide choice, personalized service and savvy council throughout the process. Identifying the right loan product is only half the battle. We ensure our clients meet the qualification and guide them through the closing.
We offer our borrowers a wide variety of fixed-rate mortgages from 30 years to 8 years so that you can get the payoff schedule that’s right for you. These loan programs have the same interest rate for the life of the loan and monthly payments (principal and interest) that never change.
If you escrow your property taxes and insurance, those expenses can change, which will affect your monthly payments. Fixed-rate mortgage may be a good choice if you plan to stay in your home for a long time or if you feel more comfortable knowing your payment cannot change.
An Adjustable Rate Mortgage (ARM) is a mortgage in which the interest rate and payments are adjusted periodically based on a pre-selected index plus a Margin, annual adjustments are common. If you’re interested in a little more certainty we offer an Adjustable Rate Mortgage with an up-front fixed period of 3, 5, 7 up to 10 years. These programs are also known as 3/1, 5/1, 7/1, and 10/1 ARM programs. The interest rate and payments are fixed during the fixed period and adjust annually tracking market rates during the remainder of the term of the loan.
We offer residential mortgage loans insured by the Federal Housing Administration (FHA). FHA-insured loans offer many benefits, including lower costs, smaller down payments, easier qualification, and more protection to keep your home.
The VA loan program can make it much easier for veterans to secure a home loan by requiring little or no down payment. This home loan is available to veterans and guaranteed by the U. S. Veteran’s Administration, and it frequently offers lower interest rates than ordinarily available. In addition, with a VA-guaranteed loan, there is no private mortgage insurance requirement.
Government Sponsored Entities, Fannie Mae and Freddie Mac, new conforming-jumbo loan limits can make it easier and more affordable for more buyers to “move up” and purchase higher-value homes, or potentially save by refinancing their existing jumbo loan. GSE loans typically have lower credit score and down payment requirements, but loan sizes are limited.
Many municipalities have established bond programs to help first-time homebuyers with down payment assistance, obtaining a lower rate, and qualifying more easily for a home loan.
As an experienced jumbo and super jumbo mortgage lender, we offer a variety of programs with competitive rates and beneficial features. Fixed rate, adjustable rate, and interest-only payment options are available. We also provide jumbo and super jumbo loans for investment properties and second homes, as well as cash-out refinancing.
For the more sophisticated borrower seeking total financial integration and leverage for wealth maximization, we offer Private Mortgage Lending. With direct access to private capital, we specialize in delivering personalized, advantageous solutions that can’t be found anywhere else. For bridge, swing, renovation, and liquidity solutions contact us for a confidential consultation.
Reverse Mortgages are recognized by accountants and financial advisors as a great way to access an important retirement asset, the equity in your home. Imagine, no more monthly mortgage payments, and perhaps a line of credit option? Of course you continue to live in and retain ownership in your home. That said, Reverse mortgages are not for everyone and restrictions apply. Get all the facts from an experienced Reverse Mortgage loan officer with no obligation.
We offer construction loans for Residential, Commercial, Apartment, Multi-Family, Guest homes and ADUs. A construction loan is a short-term loan (typically 12 months) designed to cover the cost of construction. After construction is complete the loan must be paid-off which is generally accomplished by refinancing into a permanent mort
Looking for a short-term mortgage loan secured by one property to help purchase another, we can help. As you might imagine, the interest rate and fees associated with this type of financing are generally higher than conventional mortgage financing.
We offer Commercial and SBA loans for the purchase or refinance of: Commercial, Industrial, Office, Retail, Apartment and Mixed-Use properties up to $25ml.
We have experience providing financing in 1031 exchange transactions, and experience matters because the IRS has very specific conditions. If you have questions about 1031 exchanges give us a call.
If you’re interested in adding a guest house or ADU to your property we can help. Whether it is conventional construction, pre-fab, manufactured, panelized or trailer, we can help finance it. We’ve been helping our clients build guest units for more than 30 years.
The U.S. Small Business Association offers a variety of financing options for small businesses interested in purchasing real estate for a business purpose. Some programs require as little as 15% down (SBA guidelines and conditions can change at any time without notice). If you’re looking to use SBA financing to purchase real estate we can help. We’ve been helping our clients with SBA real estate loans for years.
Let’s Find the Right Loan Option for You