We are happy to serve the men and women who have served and are currently serving our country’s Armed Services. Our primary mission is to deliver an exceptional borrower and lending experience within the Mortgage Industry. We offer several services and benefits for active duty, reservists, veterans, National Guard members, and surviving spouses who may qualify for a VA home loan. At Summit Funding we endeavor to offer the following for VA loan applicants:
- 100% gift funds accepted
- No down payment required
- Seller contribution: up to 4%
- Loans within a 30-day close time
- Owner occupied – “Primary residence.”
- Possible 100% financing of your purchase
- In some cases, the seller pays for closing costs
- No mortgage insurance required through our program
Have a current calSTrs home loan? By utilizing the “VA Interest Rate Reduction Refinance Loan,” we can lower your rate with minimal to no documentation. Also, no appraisal required. We can still reduce your payments even if you are credit challenged or if you have experienced a decrease in the value of your home. Summit Funding has courteous and knowledgeable agents, and support staff that solely specializes in VA arrangements and transactions. Moreover, we can lower your rate with “no money out of pocket”. An IRRRL (Interest Rate Reduction Refinance Loan) is constructed to refinance a property for which you have previously used your loan eligibility. For this type of loan, a new “Certificate Of Eligibility” is not required. We would only need the COE that was originally used to purchase the home. If, you do not have the original COE, we can electronically acquire your Certificate of Eligibility direct from the Department of Veterans Affairs.
We have been in the business of facilitating the best possible outcome for our customers since 1995. Our founder and CEO, Todd Scrima, created this company to employ a team of home loan experts and professionals to implement a better way of obtaining home loans for prospective buyers. Summit Funding is committed to finding solutions toward securing lower va home loan rates and providing useful information for our customers, and purposefully making customer service our focus and drive.