Richard Manning

Your 7-Foot Loan Officer
NMLS ID# 319380 CA DRE ID# 01334562

9250 Laguna Springs Drive, Suite 101
Elk Grove, CA 95758
Branch NMLS ID# 287163
(916) 683-7358 Direct Phone
RManning@summitfunding.net

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Technically, we're mortgage specialists,
but we make amazing stuff possible!

Purchasing a home should be exciting and joyful, not scary and confusing. That's where the team comes in. Call us dream makers, call us loan officers, call us when you're in a panic, we're here to help fulfil your dream of homeownership and keep you smiling the whole way.

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You may qualify for a house
for less than your monthly
rent payment?

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SUMMIT INSIGHTS

Changes to FHA loans. Where do you stand?

February 10th, 2017

Lobbyists haven't give up on FHA insurance cut Housing lobbyists continue to push the Trump administration to reinstate a planned cut to the annual insurance premium on Federal Housing Administration (FHA) loans. In recent letters to Trump officials, the National Association of Realtors (NAR) and nonbank trade group the Community Home Lenders Association (CHLA) asked the new administration to allow for a 25 basis point cut on most FHA loans and also requested other changes that would[...]

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Will 2017 be a buyer's market or a seller's market?

December 30th, 2016

In some years and some markets, the answer is obvious — in 2016, Denver was a seller’s market, and San Francisco’s been one for quite a stretch. But sometimes, it’s not so clear, and with mortgage rates on the up-and-up and robust plans for the economy ahead, all the plans for 2017 seem to be out the window. Here’s what four economists had to say about whether 2017 is leaning toward buyers or sellers. The consensus is? Most economists we talked to said that overall, they[...]

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5 essential reasons to get a mortgage preapproval

December 30th, 2016

Shopping for a home before getting preapproved for a mortgage is like walking into a grocery store without a wallet. Yet, most homebuyers don't get a loan preapproval for the house hunt. So, what is a preapproval? (For one, a preapproval is different from a prequalification.) Prequalification: The lender relies on information provided by the buyer to estimate how much the borrower could qualify for. Preapproval: The lender verifies the borrower's information and documentation to[...]

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