Find The Mortgage Loan For Your Home Away From Home
Your getaway has never been so close with Summit's second home mortgage rates. The application process is a lot like buying your first home, and of course you still get:
- The ability to lock your rate when you choose – at the time you apply or up to seven days before closing
- Online mortgage loan status updates throughout the process
- A Mortgage Loan Officer who connects with you in just one business day
Second & Vacation Home Loans
You can start picturing yourself in that cabin, condo or beach house with:
- Affordable rates
- Access to larger loan amounts
- Local loan service from Summit
Your options include:
- Fixed-rate mortgages with terms of 10 to 30 years
- Adjustable-rate mortgages (ARM) with initial rate locks from 1 to 10 years
View the Daily Rate Sheet for all home loan options, details and disclosures. And use our mortgage calculator to learn what your potential payment could be.
An additional consideration
A cash-out refi on your primary home could get you the down payment you need for your vacation home. If you're interested or thinking about getting a second mortgage, check out your refinance options or talk to a Mortgage Loan Officer about what works best for you.
Connect With A Mortgage Loan officer
Featured Mortgage Rates
Rates Effective January 25, 2021
| Type and Term | Rate | Annual Percentage Rate |
|
30 Year Fixed |
2.625% | 2.690% |
|
15 Year Fixed |
2.125% | 2.245% |
|
7/1 ARM** |
2.875% | 2.918% |
Related Content
As long-time home owners will tell you, costly household repairs make you miss the good ol’ days of calling your landlord to come and fix things “quickly, if you can.” But since routine maintenance comes with the territory when you own your own home, we’ve listed a few tips on how you can save some cash on those (inevitable) repairs.
Using less energy is good for the environment and it can help you save money on your monthly bills. Try these tips to reduce your energy use around the house.
Like to save money?
We thought so! And here’s a way to save big that you might not know about: pay a little extra on your mortgage each year.
We thought so! And here’s a way to save big that you might not know about: pay a little extra on your mortgage each year.
You saved, you planned, you bought a house. And now you’re ready to make that new house, your house. But before you get caught up in a swirl of paint colors, curtain choices and deciding if that duvet is really all that, hit the pause button and check out our four steps to budget-friendly decorating.