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Category: FHA Loans (15 Articles)

Jun 24, 2025 | 5 min. read

What Credit Score Do I Need to Buy a House?

What FICO Credit Scores Do Mortgage Lenders Use? Your credit score is a critical factor in determining if you can purchase a house, what programs you will qualify for, how much you’ll need to have saved for a down payment and what interest rate you’ll pay ... More

Mar 25, 2025 | 3 min. read

FHA Vs Conventional: What Homebuyers Need to know

Buying a home is the largest investment most of us make in our lifetimes, and choosing the right mortgage is one of the most important decisions homebuyers face. Two of the most common options are FHA loans and More

Nov 27, 2024 | 3 min. read

Your First Home Can Be Your Dream Home

What comes to mind when you think of a “starter home”? Historically, the terms “Cheap,” “run-down,” and “bad investment” may have popped up. However, in recent years first-time buyers are turning the notion of a More

Oct 31, 2024 | 13 min. read

What First-Time Homebuyers Need to Know About Fixer-Uppers

Is It a Good Idea to Buy a Fixer-Upper? Buying a home is expensive, and can feel very overwhelming, especially for a first-time homebuyer. While first-time homebuyer loans, grants and other programs can save you some money, another place to look for savings is at a home’s ... More

Sep 28, 2024 | 1 min. read

Your Guide to Renovation Home Loans

You should never settle for less than your dream home. If you find one that’s “close enough” if it had a little tweak here or an improvement there, you can still finance a home and your improvements ... More

Sep 20, 2024 | 2 min. read

An Introduction to FHA Home Loans

FHA Loans - A Low Down Payment Option A go to for first-time homebuyers, the FHA loan offers flexible qualifying and credit requirements along with a down payment as low as 3.5%. Also available for move up buyers! FHA ... More

Aug 1, 2024 | 3 min. read

An Introduction to Low Down Payment Programs

With flexible qualifying, help from friends or family and down payments typically between as 0% and 5%, Summit Mortgage offers a variety of programs to choose from! Have questions? Want help getting started? Complete our Quick Start Form and we’ll connect you with ... More

Apr 1, 2024 | 5 min. read

How Your Credit Score Affects Your Mortgage Rate

Does my credit score impact how much money I can borrow? A high credit score is your golden ticket to the best rate available on your home loan, which does impact the monthly payment and therefore does impact how much you can borrow. So if you are among ... More

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