The Sapp Team
Real Estate & Home Loans
DON’T HAVE CASH FOR A LARGE DOWN PAYMENT?
FHA loans have flexible qualifications and only requires a small down payment.
MINIMUM FICO SCORE
580-620 with DTI limits
580 high balance with limits
DOWN PAYMENT
3.5% min borrower
OCCUPANCY
Primary residence
UPMIP financed
Monthly mortgage insurance required
100% gift funds allowed
Up to 6% seller contribution
The loan program referenced is subject to Summit's program minimum FICO and underwriting requirements, which may differ from those imposed by the FHA. Summit is a private mortgage lender authorized as an approved FHA direct seller servicer. This communication is not intended to indicate FHA endorsement or approval of any loan program.
This communication is for informational purposes only; this is not a commitment to lend. All loans are subject to buyer and property qualification. All programs, rates and fees are subject to change or cancelation at any time and without notice. Contact Summit Funding, Inc. to learn more about mortgage products and your eligibility.
HAVE A STRONG DOWN PAYMENT?
Looking to purchase with a large down payment, a vacation home, or an investment property - this may be the right loan for you!
MIMIMUM FICO SCORE
620 min FICO or 640 with MI
DOWN PAYMENT
3% minimum
OCCUPANCY
Primary residence, 2nd home, & investment properties
No mortgage insurance with 20% down
100% gift funds allowed
Up to 9% seller contribution
This communication is for informational purposes only; this is not a commitment to lend. All loans are subject to buyer and property qualification. All programs, rates and fees are subject to change or cancelation at any time and without notice. Contact Summit Funding, Inc. to learn more about mortgage products and your eligibility.
YOU'VE SERVED US, NOW LET US SERVE YOU!
VA loans offer low upfront costs and monthly mortgage payments for Service Members, Veterans, and eligible surviving spouses.
MINIMUM FICO SCORE
620 with DTI Limits
640 high balance with limits
DOWN PAYMENT
No down payment required
OCCUPANCY
Primary residence
Upfront funding fee financed
No monthly mortgage insurance required
100% gift funds allowed
Up to 4% seller contribution
This communication is for informational purposes only; this is not a commitment to lend. All loans are subject to buyer and property qualification. All programs, rates and fees are subject to change or cancelation at any time and without notice. Contact Summit Funding, Inc. to learn more about mortgage products and your eligibility.
LOOKING TO GET AWAY FROM THE CITY LIFE?
USDA requires 0% down payment and the possibility of financing your closing costs. Great for borrowers looking to become a homeowner in qualifying rural areas.
MINIMUM FICO SCORE
620 with manual UW
640 standard guides
DOWN PAYMENT
No down payment required
OCCUPANCY
Primary residence
Upfront funding fee financed
Annual fee required
Up to 6% seller contribution
This communication is for informational purposes only; this is not a commitment to lend. All loans are subject to buyer and property qualification. All programs, rates and fees are subject to change or cancelation at any time and without notice. Contact Summit Funding, Inc. to learn more about mortgage products and your eligibility.
LOOKING FOR A HOME ABOVE $484,350?
We offer a variety of jumbo products that will help you purchase homes with a larger loan amount..
MINIMUM FICO SCORE
680
DOWN PAYMENT
5% minimum borrower
OCCUPANCY
Primary residence, 2nd home, & investment properties
Loans from $453,100 to $2,500,000
No mortgage insurance
First time homebuyers eligible
This communication is for informational purposes only; this is not a commitment to lend. All loans are subject to buyer and property qualification. All programs, rates and fees are subject to change or cancelation at any time and without notice. Contact Summit Funding, Inc. to learn more about mortgage products and your eligibility.
OVER 62 AND LOOKING FOR EXTRA CASH IN YOUR POCKET?
Convert a portion of your home equity into tax-free money.
DEBT CONSOLIDATION
HOME IMPROVEMENT
WEALTH MANAGEMENT
FORCLOSURE AVOIDANCE
This communication is for informational purposes only; this is not a commitment to lend. All loans are subject to buyer and property qualification. All programs, rates and fees are subject to change or cancelation at any time and without notice. Contact Summit Funding, Inc. to learn more about mortgage products and your eligibility.