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Summit Funding, Inc. NMLS ID# 3199 (www.nmlsconsumeraccess.org). Davis Branch NMLS ID# 1597295, by CA Dept of Business Oversight #6072526, CA Bureau of Real Estate #01220358, AZ Lic# 0925837, GA Lic# 39456, Illinois Residential Mortgage Licensee. An approved equal housing lender.

 

 

© 2019 Marc Thompson - Mortgage Consultant - Davis Ca

Last update 11-01-2019

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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

  • *Contact your MI company for details

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

Conventional Home Loan

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

VA Home

Loan

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

FHA Home

Loan

LOOKING FOR A HOME ABOVE $513,100?
  • 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 $513,100 to $2,500,000

  • No mortgage insurance

  • First time homebuyers eligible

Jumbo Home

Loan