Mortgage Lending
At Summit Bank & Trust, we know that purchasing a home can be one of your largest investments. We strive to make the financing of your home an enjoyable experience by working to find the financing options that best suit your needs. Whether you’re buying your first home or simply refinancing the one you have, we have the financing solution for you!
Pre-Approval
- Fast and easy
- Establish your mortgage needs before shopping for a home
- We’ll provide a written commitment—an incentive to sellers when you make a purchase offer
Conventional Mortgages
- Fixed rate mortgage
- Adjustable rate mortgage
- Low down payment option
First Time Home Buyer Loans
- Closing cost assistance for qualified buyers
Local loan approval
- No down payment in most cases
- Ability to add energy efficiency improvements to loan
- No PMI
- Can be used with First Home Program
- Reservists/National Guard eligible
Construction and Lot Loans
- Low rates
- Flexible Terms
- Multiple advance allowing interest to accrue only on the amount advanced
Whether you are buying, building, relocating, or refinancing, we've got a home mortgage loan to meet your needs.
- Investment Property Loan
- Relocation Loans
- Vacation and Second Home Loans
- City, State and Federal Grants and Loans
- Privately Insured Loans
- Jumbo Loans
- Equity Loans
- Condominium Loans
- Bridge Loans
- Rural Housing Loans
Documents to bring to your Loan Application
- Copy of your purchase agreement signed by all parties
- Copy of the earnest money check you gave to your realtor
- Most recent two years’ W-2 forms
- Original pay stubs for the most recent 30 day period showing YTD earnings
- Most recent three month’s bank statements (and brokerage, investment statements, etc., if these funds will be used for down payment)
- Proof of other sources of income as necessary (pension, social security, etc.)
- Name, address and phone number for landlord(s) for the past two years
