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Summit South Mortgage offers many different loan
programs and services to meet the
needs
of different people, please review the information below to find
type of loan right for you. If you aren't sure about which loan is
right for you, don't hesitate to contact us today and speak with one
of loan professionals.
Click here to view our Commercial Loan
Programs
PURCHASE LOAN PROGRAMS
- 103% loan to value purchase loan
loan finances 100% of sales price plus additional 3% used for closing
costs
- Conventional fixed rate loans
- terms ( 30, 25, 20, 15, 10 year terms )
- 80/15/5 fixed rates ( avoid pmi )
- 80/10/10 fixed rates ( avoid pmi )
- 100% loan to value second home financing
- second home is defined as any home 50 miles or greater from
primary residence and you will live there 2 weeks out of every
year.
- 85% loan to value raw land financing
- land / lots / farms
- Construction loans
- building from the ground up
- convertible to a permanent loan
- Investment property financing
- 100% loan to values available
- rehab loans
- Bridge loans
- bridging the equity from one property to another.
- Jumbo loans
- loan amounts over $341,000.00
- Condo financing for projects not fanniemae
/ freddiemac approved.
- Lending programs for self employed
borrowers
- stated income
- 12 to 24 month bank statement programs
- No credit score program
- up to 100% loan to value financing
- Interest only loans
- Financing all credit grades
Refinancing real estate
Rate term refinance ( refinancing the mortgage only )
Objectives Accomplished
- Lower current interest rate
- Reducing the mortgage term
- Converting and adjustable rate to a fixed
rate
- Avoiding a balloon payment
- Removing a borrower from the mortgage loan
Cash out refinance ( financing an amount that exceeds the current
mortgage )
Objectives Accomplished
- Consolidation of debt
- Home improvements
- College tuition
- Business start - up capital
- Investments
- Tax lien payments
- Divorce settlements
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