FREQUENTLY ASKED QUESTIONS
What’s the difference between a mortgage broker and a lender?
As a broker, we shop multiple lenders on your behalf to find the best rates and terms for your unique financial situation.
What loan programs do you offer?
We offer Conventional, FHA, VA, USDA, Investor Loans, Bank Statement, Construction, and Refinance loans.
Do I need perfect credit to qualify?
Not at all. We work with borrowers across a wide range of credit profiles and help you identify the best options available.
How much can I qualify for?
That depends on your income, credit, debts, and assets. You can schedule a pre-qualification call to get an accurate estimate.
How much do I need for a down payment?
Depending on the program, down payments can range from 0% to 20%. We’ll help you explore every eligible option.
Can I get help with my down payment or closing costs?
Yes, there are programs and seller concessions that may help reduce your upfront costs.
How long does it take to close on a home?
Most purchases close within 30–45 days, but timelines can vary depending on the loan type and property.
Can I buy an investment property with a mortgage?
Yes, with special products, you can qualify based on property cash flow or business income.
When should I consider refinancing?
You may want to refinance to lower your rate, access cash, consolidate debt, or fund a renovation.
For information purposes only. This is not a commitment to lend or extend credit.Information and/or dates are subject to change without notice. All loans are subject to credit approval. Summit Mortgage Lending. NMLS # 2660607 Equal Housing Opportunity.
