Your Space, Your Rules: Make the Move to Homeownership!
Tired of sharing paper-thin walls, missing out on a backyard of your own, or wishing you had your own personal space? It’s time to upgrade from apartment living or living with mom and dad, to the freedom of homeownership. Discover the joy of having your own space—whether it’s hosting friends without limits, enjoying a private outdoor retreat, or choosing how you personalize your place. Your dream home is waiting, and it’s closer than you think!
There's no reason to wait.
Ready to get started? Here are the next steps.
- Complete the quick form below.
- One of our expert loan officers will contact you ASAP.
- We will gather some information about your goals.
- Your pre-approval requirements and documentation will be explained by your loan officer.
- Make the plan – Having all this information makes it much easier to get started.
And we will help you every step of the way.
Now or Later?
The BENEFITS of getting pre-approved now vs later.
Waiting for lower interest rates may not be the best choice. Historically when rates drop home prices go up as does the competition with other buyers. Here is a rate vs price comparison.
| Current Estimate | Future Estimate | |
|---|---|---|
| INTEREST RATE | 6.75% / 6.983 APR | 6.25% / 6.454 APR |
| HOME PRICE | $300,000 | $318,000 |
| MONTHLY PAYMENT OVER 30 YEARS | $1,945 | $1,958 |
Assuming a 6% annual appreciation. Income and/or geographic restrictions may apply. Loan and monthly payment scenarios used for informational purposes only, are not a prediction of future rates, and may not be specific to your situation. Rates expressed may not be available at this time. Payments do not include amounts for taxes and insurance premiums; the actual payment obligation will be greater. Rate and information prepared 10/29/2024.
Why Summit Mortgage?
- Fast and Easy Pre-approval Process
- Pre-approvals do not expire – Take your time finding the perfect home
- Tailored loan options and expert consultations to fit your needs.
- Experienced Loan Officers are Ready to Guide You
- No upfront costs, obligations, or expectation. No high pressure sales here!
FAQs
We answered some of your questions already.
“What does the pre-approval process involve?”
- Most pre-approvals include a credit report, income verification, employment verification, bank account verification, and pre-underwriting. This all will determine your best loan option(s) and what your buying power will be.
“How long does my pre-approval last?”
- A mortgage pre-approval is typically valid for 90 to 120 days. This timeframe varies depending on the age of the documents you will be asked to provide. During this period, If you need more time, a simple update of your financial information with the lender may renew your pre-approval. Staying in touch with your loan officer ensures you’re always ready to move when the right home comes along.
“How long does it take to get pre-approved?”
- Most buyers can be pre-approved as soon as the same day. Others could take longer if there is more information needed or time needed to gather
documentation.
“What are the benefits of getting pre-approved now versus waiting?”
- You will have the freedom to start sooner if the perfect home comes along.
- You may see a better home price opportunity instead of waiting for home prices to go up.
- You will have more time to make thoughtful decisions and a better plan.
- You may need some time upfront to improve credit or qualifications.
- There is no certainty if rates will go down or how low they will go.
Here's the Difference-Maker:
Make your offer pop 10,000 times more! In tight inventory markets, make your offer stand out. We’re so confident in our process, that if your loan doesn’t close, we’ll either purchase the seller’s home or pay the seller $10,000!
Your Loan Officer will have all the details.
Some limitations apply.
APPROVED offers work harder in low inventory markets.
A pre-approval from Summit Mortgage is a great strategy to get your offer to the top of the list. Our company is respected and recognized by real estate agents working hard to get their clients to closing.
We’re excited to meet you!
Summit Mortgage is one of the highest-rated mortgage lenders on Experience.com.
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- summit-mortgage.com
- 9600 54th Ave N, Plymouth, MN 55442
summit-mortgage.com
9600 54th Ave N, Plymouth, MN 55442
Summit Mortgage Corporation licensed as Summit Home Mortgage, Inc. in IN, NC, OR, UT, and WA; 9600 54th Ave N, Suite 100, Plymouth, MN 55442; AZ Mortgage Banker license 1038277; CA – Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act; MN – This is not an offer to enter into an agreement. Any such offer may only be made in accordance with the requirements of MN. Stat. Section 47.206 (3) and (4); Licensed by the N.J. Department of Banking and Insurance; WA – CL-1041; NMLS ID #1041 (www.nmlsconsumeraccess.org)
In New York: Achieve Home Mortgage in lieu of true name Summit Mortgage Corporation.
This site is not authorized by the New York State Department of Financial Services. No mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site.