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Last Updated: 04/18/2025

Summit Funding Home Mortgage

Q: What mortgage programs are available?

Besides conventional mortgages , Summit Funding offers the following mortgage types: FHA loans: FHA loans are mortgages insured by the FHA. They offer competitive mortgage rates and have less stringent eligibility requirements. However, borrowers must pay a mortgage insurance premium. For instance... Learn More at SuperMoney.com

from Summit Funding

Last Updated: 04/18/2025

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Highlights

Credit Score Range

N/A

Amount Range

Up to $4,000,000

Loan Term (Years)

N/A

Summit Funding Home Mortgage Review

Summit Funding Home Mortgage is offered by Summit Funding (NMLS #3199), a direct lender founded in 1995 and based in Sacramento, CA. Summit Funding are available in 50 states and Washington, DC.

Key Takeaways

Wide selection of mortgage programs offered. Summit Funding Home Mortgage offers FHA, USDA, VA, conforming, and conventional mortgages.
Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
Standard interest rates types.
Only primary residences considered. Summit Funding Home Mortgage does not offer financing for vacation homes or investment properties.
Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.

Summit Funding Home Mortgage Pros & Cons

Pros

Cons

Available in all 50 states.

Charges an origination fee.
Charges prepayment fees.
No co-sign option available.

Summit Funding FAQ

How much can you borrow via Summit Funding?

Summit Funding allows borrowers to apply for loan amounts of up to $4,000,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.

What mortgage rates does Summit Funding offer?

Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.

Do they charge mortgage origination fees?

Yes, Summit Funding may charge a loan origination fee .

What mortgage programs are available?

Besides conventional mortgages, Summit Funding offers the following mortgage types:

FHA loans: FHA loans are mortgages insured by the FHA. They offer competitive mortgage rates and have less stringent eligibility requirements. However, borrowers must pay a mortgage insurance premium. For instance, you can apply for an FHA loan with a credit score as low as 580. Co-applicants are allowed and you can qualify for a down payment as low as 3%.

What property usage types does Summit Funding allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Summit Funding allows the following property usage types:

Primary home

What is the customer service phone number?

The customer service number for Summit Funding Home Mortgage is (916) 571-3000.

What is the support contact email?

The support contact email for is customerservice@summitfunding.net.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

2241 Harvard Street,

Suite 200

Sacramento, CA 95815

(916) 571-3000

Visit Site

Email Support

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SuperMoney Net Recommendation Score

Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.

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The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

Summit Funding Home Mortgage Community Reviews

Would you recommend Summit Funding Home Mortgage to your friends?

Rupinder J.

May 8, 2020

May or may not recommend

These people are fraudulent. I am a high school teacher and I tried to get a loan from Summit Funding, Inc. after seeing some ads for California Employee Loan Program. Michael McKee (NMLS ID#1537373) contacted me and asked me to submit my information online, which I did. He pulled up my credit report and said I got pre-approved. I asked him to forward me the pre-approved letter, but after that, ...Show More

Felicia L.

Apr 5, 2020

May or may not recommend

Clarence Hawthorne is the reason why. He is revengeful and sneaky in his business practices! We found this out after we had to go to another lender who had no problem financing our $315,000. home after Mr. Hawthorne gave us the runaround, left us homeless, and pulled our credits over 3 times causing it to drop significantly! Our Realtor and new lender were very annoyed at his professionalism ...Show More

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