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At Summit Funding in Ridgewood, CT, we proudly serve our customers with top-notch customer service. We have earned a reputation for our level of commitment to our customers, with a team of dedicated mortgage experts who will work with you to provide personalized service and help you find the perfect mortgage to get you into your dream home. We aim to help Ridgewood, CT borrowers find the best possible financing solution with the lowest rates.
Summit Funding offers a diverse range of residential loan products, including conventional mortgages, government-backed loans, refinances, equity loans, and construction loans.
Buying a home in Ridgewood, CT can be an exciting, but overwhelming experience. If you are ready to buy a home, Summit Funding will help you understand your loan options. Government-backed loans like FHA and USDA loans are popular among first-time buyers in Ridgewood, CT and those with a low down payment, while conventional mortgages work well if you have excellent credit and a 20% down payment.
Regardless of your situation, we offer a wide range of loan solutions and a loan officer in Ridgewood, CT will work with you to identify your needs and choose the right form of financing.
To help you better understand the mortgage process in Ridgewood, CT, Summit Funding has compiled resources for your benefit. These resources explain common mortgage terms, the documents you will need to get approved for a mortgage, and how the closing process works.
Summit Funding offers a diverse selection of home loan programs in Ridgewood, CT and we are committed to making your home buying experience as easy and stress-free as possible. Our licensed, Ridgewood, CT loan officers will help you understand these options, answer any questions you have, and help you qualify for a mortgage.
A conventional home loan is not backed by the government. This option usually gives you the lowest interest rate and payments if you have excellent credit and a 20% down payment.
A fixed-rate mortgage has an interest rate that remains the same for the life of the loan. This results in a predictable payment for long-term stability.
Jumbo loans exceed conforming loan limits in your area, allowing you to take out a larger mortgage and buy your dream home.
FHA insured mortgages in Ridgewood, CT are popular with first time buyers as they require a down payment as low as 3.5% with looser credit standards.
If you want to buy a fixer-upper in Ridgewood, CT, an FHA 203k loan allows you to combine the purchase price and repairs into a single mortgage.
If you have an FHA mortgage, this streamline program is the fastest and easiest way to refinance into a lower interest rate in Ridgewood, CT.
Want to lock into a lower rate or access equity in your home? Learn about your refinancing options with Summit Funding.
A reverse mortgage allows seniors to remain in their Ridgewood, CT home and access the equity in their home as a lump sum or monthly payment. With a reverse loan, you will not make any mortgage payments.
A seller carry back allows the seller to hold the mortgage for the loan, while the borrower makes mortgage payments to the seller.
An ARM usually has a lower interest rate than a fixed mortgage, at least in the beginning.
The Home Affordable Refinance Program allows you to refinance your home loan, even if you are underwater on the loan.
VA mortgages in Ridgewood, CT are usually the best option for qualified veterans, active duty military members, and others who qualify. This loan program requires no down payment and no mortgage insurance.