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Work with a local team that keeps your deals moving – from fast preapprovals to quick responses to guaranteed on-time closings – so you and your clients can reach your home goals sooner.

Homebuying Highlight

10/1 ARM

For buyers who don't plan on staying in their home long-term, a 10/1 Adjustable-Rate Mortgage (ARM) might make a lot of sense — and could be the right choice over the usual go-to-30-year fixed option. And here's something that truly sets Summit apart: This loan type isn't easy to find at other local lenders, but we offer it as one of the five strong adjustable-rate options.

A 10/1 ARM is a smart way to help your buyers get the home they love with:

  • A competitive rate and term locked in for 10 years. Great stability and typically more affordable early on, thanks to a lower rate. And these days, 10 years is long enough for the average mortgage before owners sell or refinance.
  • Low closing costs. ARMs generally avoid some of the government-related fees of fixed-rate loans.
  • Tons of flexibility. Your buyers can refi, buy, or build with our 10/1 ARM.

Plus, buyers can modify their rate for just $300!

Just like with our 10/1 ARM, Summit is one of the few local lenders to offer a rate modification option — and we do it to help your buyers save even more time and money. If rates drop anytime during the first 9 years, even before closing, your buyer can switch to the lower rate for only $300. And the modified rate stays fixed for the rest of the 10-year period.