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Introducing our Smooth Start Program!

Purchasing a new home can be a big step for many home buyers. Relieve some of your stress and ease into owning a home with Summit Funding’s Smooth Start Program! Through an agreement with your home’s seller, you can temporarily reduce your interest rate for first 2 or 3 years of your loan term. Program […]

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Yes, You Can Be Your Dog’s Hero!

  How many of you love dogs as much as we do here at Summit Funding? Have you ever caught yourself thinking or talking about how much more you love dogs than humans? I know I am personally guilty of the latter. There’s nothing quite like the love of a dog! They love you unconditionally, […]

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Changes to the Summit Jumbo Program

Some exciting changes have happened with the Summit Jumbo Program for home buyers! (effective with loans locked on or after 09/15/17) The Summit Jumbo Program is now available as an 80% LTV and 95% LTV Important Highlights: Up to $1M loan amount Maximum 38% DTI on LTVs over 90% Loan amounts increased on 95% LTVs […]

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Major Changes for Home Buyers from Fannie Mae

Some exciting changes have happened from Fannie Mae for home buyers! At the end of July, they put in place some major underwriting changes for loans submitted to Fannie Mae’s Desktop Underwriter (DU) system. These changes are making it easier for those looking to buy a home qualify for a loan. Important Highlights: The maximum […]

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Hey Home Buyer, Don’t Let This Major Misconception Hold You Back!

Did you know, you don’t need a 20% down payment to buy a home in today’s market? If you didn’t, you’re not alone. According to a recent survey by Genworth, 28% of participants, mortgage industry professionals, said that “consumers still mistakenly believe that a 20 percent down payment is a requirement for purchasing a home.” […]

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Student Loan Cash-Out Refi Program Now Offered by Summit Funding!

Summit Funding is excited to announce we now offer the Student Loan Cash-Out Refinance program from Fannie Mae! This innovative program is a cost-effective alternative to use home equity to pay off student loan debt. This program is a huge advantage not only to homeowners who have their own student loan debt, but also to […]

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5 Simple Steps to Buy Your First Home

It’s an exciting moment when you make the decision to stop renting and start making moves toward buying your first home. As thrilling as the decision can be, many newbies get hung up by how unfamiliar and overwhelming the home buying process can seem. So what can you do to prepare? Here are a few […]

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Don’t Let Debt Hold You Back: Fannie Mae Makes It Easier to Become a Homeowner!

According to American Student Assistance, the United States has $1.3 trillion of total student loan debt, accounting for 10% of all outstanding debt. This debt weighs heavily on those with student loans and is a huge factor in many major financial decisions, like homeownership. In the ASA’s 2016 Student Loan Debt and Housing Report, 71% […]

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Make Every Day Earth Day with an EEM

Let’s be real, we should live every day as if it was Earth Day. Reducing our carbon footprint and our impact on our mother planet should be a priority on everyone’s to-do list. But, helping save the planet is not an easy task, where do you start? It all starts at home! Making conscious green […]

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When Was Your Last Mortgage Check-Up?

We all know, the only constant in life is change. Over the course of a year, you and your family can experience some major life changes. Having a baby, getting a new job, or retiring are all big milestones in our lives. If you’re a homeowner that has experienced some big milestones, it may be […]

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