Home Loans in Summit County

Where We Lend

Summit County has diverse cities and townships, each offering unique living experiences. Whether you’re searching for a suburban neighborhood, a lively downtown area, or a quiet rural retreat, you can find home loan financing in the following areas:

Types of Home Loans Available in Summit County

Choosing the right mortgage isn’t just about finding the lowest interest rate—it’s about picking a loan that fits your budget and long-term goals. Here’s a breakdown of some of the best options available:

• Asset-Based Loans: Asset-based loans allow borrowers to qualify for a home loan based on their assets’ values rather than income.
• FHA Loans: If you have a lower credit score or a smaller down payment, an FHA loan can help make homeownership more accessible. With just 3.5% down, this government-backed loan provides an easier home buying path.
• VA Loans: For veterans, active-duty military, and eligible spouses, VA loans offer some of the best terms, including zero-down financing, no private mortgage insurance (PMI), and lower interest rates.
• USDA Loans: Buyers looking at eligible rural areas near Summit County may qualify for a USDA loan, which provides 100% financing with lower mortgage insurance costs. This is a great option for those who want to live outside the city while still securing affordable financing.
• DSCR Loans: Real estate investors, especially those looking at short-term rental loans, can benefit from a Debt Service Coverage Ratio (DSCR) loan, which qualifies borrowers based on rental income instead of personal income. 
• ITIN Loans: If you’re a foreign national or non-U.S. citizen, an ITIN loan allows you to secure a mortgage using an Individual Taxpayer Identification Number (ITIN).
• Home Equity Loans: As home values continue to rise, many homeowners are tapping into their equity and home appreciation to fund home renovations, investment properties, or debt consolidation. 
• Refinancing Options: If you’re a homeowner looking to lower your monthly payment, secure a better interest rate, or take cash out for home improvements, refinancing could be a smart financial decision. See if this is the best time to refinance your mortgage and how it can help you save money in the long run.

How to Get a Home Loan in Summit County

Getting a home loan might seem complicated, but breaking it down into simple steps makes the process much easier. Here’s what to expect when securing a mortgage in Summit County:

1. Assess your financial situation: Before applying for a loan, take a close look at your finances. Check your credit score (higher scores typically mean better interest rates), calculate your debt-to-income (DTI) ratio, and determine how much you can afford for a down payment. Some loan programs allow low or even zero down payments, so knowing your options is key.
2. Pre-approval process: A mortgage pre-approval letter is essential in a competitive market. It shows sellers that you’re a serious buyer and gives you a clear idea of how much you can borrow. To get pre-approved, you’ll need to provide basic financial documents, such as proof of income, tax returns, and credit history.
3. Find your ideal home: With your pre-approval in hand, you can start searching for the right home. Whether you’re working with a real estate agent or browsing listings online, having a budget in place makes the process smoother and helps you act quickly when you find a property you love.
4. Submit your loan application: Once you’ve made an offer on a home, it’s time to submit your full mortgage application. This includes providing documents like pay stubs, bank statements, and employment verification. 
5. Secure your interest rate: Mortgage rates fluctuate daily, so securing a good rate early can save you money in the long run. 
6. Finalize the loan approval process: Your lender will conduct a home appraisal to determine the property’s market value and ensure it meets loan requirements. They may also request additional documents or verifications before granting final approval.
7. Close on your home: The last step is the closing process, where you’ll review and sign all the necessary paperwork, pay any remaining closing costs, and receive the keys to your new home. 

Why Work With Griffin Funding?

Choosing the right lender can make all the difference in your home-buying experience. A local mortgage lender understands the nuances of the Summit County real estate market, from competitive home prices to property tax rates. Working with a lender who specializes in flexible financing options ensures that you’re getting a mortgage that fits your budget and long-term goals.

To make the process even easier, you can manage your home loan application, approvals, and rate locks all in one place using the Griffin Gold app. This streamlined digital platform helps you track your mortgage progress, stay connected with your lender, and access important documents—all from your phone or computer.

Lock in Your Mortgage Rate in Summit County

Whether you’re buying your first home, refinancing your mortgage, or investing in rental properties, the key to getting the best deal is acting at the right time. Since interest rates can change daily, locking in a competitive mortgage rate now can save you money over the life of your loan.

If you’re ready to take the next step, start by getting pre-approved and exploring your financing options. The right home and loan are waiting for you in Summit County.