Loan Programs

Conventional


HAVE A STRONG DOWN PAYMENT? Looking to purchase with a large down payment, a vacation home, or an investment property - this may be the right loan for you! MIMIMUM FICO SCORE 620 min FICO or 640 with MI DOWN PAYMENT 3% minimum OCCUPANCY Primary residence, 2nd home, & investment properties No mortgage insurance with 20% down 100% gift funds allowed Up to 9% seller contribution This communication is for informational purposes only; this is not a commitment to lend. All loans are subject to buyer and property qualification. All programs, rates and fees are subject to change or cancelation at any time and without notice. Contact Summit Funding, Inc. to learn more about mortgage products and your eligibility.




FHA


DON’T HAVE CASH FOR A LARGE DOWN PAYMENT? FHA loans have flexible qualifications and only requires a small down payment. MINIMUM FICO SCORE 580-620 with DTI limits 580 high balance with limits DOWN PAYMENT 3.5% min borrower OCCUPANCY Primary residence UPMIP financed Monthly mortgage insurance required 100% gift funds allowed Up to 6% seller contribution The loan program referenced is subject to Summit's program minimum FICO and underwriting requirements, which may differ from those imposed by the FHA. Summit is a private mortgage lender authorized as an approved FHA direct seller servicer. This communication is not intended to indicate FHA endorsement or approval of any loan program. This communication is for informational purposes only; this is not a commitment to lend. All loans are subject to buyer and property qualification. All programs, rates and fees are subject to change or cancelation at any time and without notice. Contact Summit Funding, Inc. to learn more about mortgage products and your eligibility.




VA


YOU'VE SERVED US, NOW LET US SERVE YOU! VA loans offer low upfront costs and monthly mortgage payments for Service Members, Veterans, and eligible surviving spouses. MINIMUM FICO SCORE 620 with DTI Limits 640 high balance with limits DOWN PAYMENT No down payment required OCCUPANCY Primary residence Upfront funding fee financed No monthly mortgage insurance required 100% gift funds allowed Up to 4% seller contribution This communication is for informational purposes only; this is not a commitment to lend. All loans are subject to buyer and property qualification. All programs, rates and fees are subject to change or cancelation at any time and without notice. Contact Summit Funding, Inc. to learn more about mortgage products and your eligibility.




USDA


LOOKING TO GET AWAY FROM THE CITY LIFE? USDA requires 0% down payment and the possibility of financing your closing costs. Great for borrowers looking to become a homeowner in qualifying rural areas. MINIMUM FICO SCORE 620 with manual UW 640 standard guides DOWN PAYMENT No down payment required OCCUPANCY Primary residence Upfront funding fee financed Annual fee required Up to 6% seller contribution This communication is for informational purposes only; this is not a commitment to lend. All loans are subject to buyer and property qualification. All programs, rates and fees are subject to change or cancelation at any time and without notice. Contact Summit Funding, Inc. to learn more about mortgage products and your eligibility.




Jumbo


LOOKING FOR A HOME ABOVE $484,350? We offer a variety of jumbo products that will help you purchase homes with a larger loan amount.. MINIMUM FICO SCORE 680 DOWN PAYMENT 5% minimum borrower OCCUPANCY Primary residence, 2nd home, & investment properties Loans from $453,100 to $2,500,000 No mortgage insurance First time homebuyers eligible This communication is for informational purposes only; this is not a commitment to lend. All loans are subject to buyer and property qualification. All programs, rates and fees are subject to change or cancelation at any time and without notice. Contact Summit Funding, Inc. to learn more about mortgage products and your eligibility.




Reverse Mortgage


OVER 62 AND LOOKING FOR EXTRA CASH IN YOUR POCKET? Convert a portion of your home equity into tax-free money. DEBT CONSOLIDATION HOME IMPROVEMENT WEALTH MANAGEMENT FORCLOSURE AVOIDANCE This communication is for informational purposes only; this is not a commitment to lend. All loans are subject to buyer and property qualification. All programs, rates and fees are subject to change or cancelation at any time and without notice. Contact Summit Funding, Inc. to learn more about mortgage products and your eligibility.





Brian Sapp NMLS ID# 295420 | CA DRE#: 01170429 | Branch NMLS ID# 1841782 | RM.804129.014

Summit Funding, Inc. NMLS ID# 3199 (www.nmlsconsumeraccess.org). Licensed by CA Dept of Business Oversight #6072526,

CA Bureau of Real Estate #01220358, AZ Lic# 0925837, GA Lic# 39456, Illinois Residential Mortgage Licensee.

Summit Funding, Inc. Privacy Policy 
Equal Housing Opportunity. Fair Housing & Discrimination violations will be reported online to HUD's local FHEO Regional Office or by calling the Fair Housing Complaint Hotline at 1-800-669-9777

Last Revised: 7/03/2019

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