Conventional Fixed-Rate Loan

Summit Mortgage offers Conventional Fixed-Rate Loans in Minnesota, providing a stable and flexible option for those looking to establish roots, invest in property, or create a home. Unlike government-backed loans, Conventional Loans through Fannie Mae and Freddie Mac offer stability and affordability without the need for additional insurance premiums. With fixed rates and various low-down payment options, these loans cater to diverse financial situations while ensuring long-term stability. Moreover, Summit Mortgage recognizes the complexities of credit history and offers solutions for those without established credit scores, valuing financial responsibility beyond traditional metrics. Additionally, programs such as HomeReady® and Home Possible® extend opportunities for individuals with low-to-moderate incomes, providing access to conventional loans without the burden of mortgage insurance, thus facilitating homeownership dreams with greater ease and affordability.