Steve Summers - Loan Officer

Steve Summers - Loan Officer First Class Home Mortgage - Equal Housing Opportunity
Corp NMLS #1843 - Senior Loan Officer, NMLS #342400
Your Way Home Do you need funds to buy a new home?

Our goals is to provide you with all the information you need to make the best decision for your mortgage financing. Would it help if you received $22,265 in free funds for your down payment. What if you had help getting you credit where it needs to be? This is what we do and so much more. Whether you're buying a home or you want to fix up the home you currently have, we can help.

08/17/2026

This week the scheduled economic releases are less troubling for traders...

08/17/2026

These are the three things that have the greatest ability to impact rates this week. 1) Oil, 2) The Fed and 3) Manufacturing...

08/13/2026

Headline July Producer Prices (PPI) were lighter than expected, flat at 0.0% versus estimates of...

08/13/2026

Just because you wake up on balmy summer days loving life doesn’t mean every plant shares your enthusiasm...

08/12/2026

Markets have waited since last Friday’s soft July employment report for this morning’s July CPI inflation data...

08/11/2026

Some decorating habits feel completely natural until someone points out they're working against you...

08/11/2026

Wall Street likes to say the labor market never lies, but July's jobs report...

 🏡 Could a 2/1 buydown make your first 2 years of homeownership more comfortable?A 2/1 temporary buydown reduces the pa...
08/06/2026

 🏡 Could a 2/1 buydown make your first 2 years of homeownership more comfortable?

A 2/1 temporary buydown reduces the payment rate for the first two years of the loan:

Year 1: Payment based on a rate 2% below the note rate
Year 2: Payment based on a rate 1% below the note rate
Year 3 and beyond: Payment returns to the full note rate

For example, with a 6% note rate, the payment would initially be calculated at 4%, then 5%, and finally 6%.

The cost of the buydown is often paid by the seller, builder or another eligible party, depending on the loan program and transaction.

This can be helpful for buyers who expect their income to grow, want time to adjust to a new payment or would rather negotiate a seller credit than a lower purchase price.

It is important to remember that borrowers generally must qualify using the full note-rate payment, not the temporarily reduced payment.

Curious whether a 2/1 buydown could improve your home-buying strategy? Send me a message and I’ll run the numbers for your situation.

Loan approval, buydown eligibility and payment amounts are subject to lender guidelines. Taxes, insurance and other housing expenses are additional.

🏡✨ Another set of keys, another dream unlocked.Today I had the honor of helping Kate close on her beautiful new home — a...
04/15/2026

🏡✨ Another set of keys, another dream unlocked.
Today I had the honor of helping Kate close on her beautiful new home — and moments like this never get old. There’s something powerful about watching someone step into a place they can truly call their own.

Kate’s journey wasn’t “perfect on paper.” Like most real-life stories, there were questions, moving pieces, and moments where it could’ve gone sideways. But that’s exactly where strategy matters — knowing the guidelines, finding the right loan structure, and staying one step ahead the entire way.

If you’re wondering whether you can buy, or you’ve been told “not yet” somewhere else… let’s take a real look at it together. You might be a lot closer than you think.

Message me “HOME” and I’ll walk you through your options — no pressure, just clarity.

Congratulations again, Kate! 🔑🏡💙

Ready to take the next step toward your financial freedom? Whether you're buying your first home, refinancing, or explor...
01/08/2025

Ready to take the next step toward your financial freedom? Whether you're buying your first home, refinancing, or exploring reverse mortgage options, we’re here to guide you every step of the way. Your goals are our priority! 🏡💼

Address

Salt Lake City, UT
84106

Telephone

+18015133960

Website

, ,

Alerts

Be the first to know and let us send you an email when Steve Summers - Loan Officer posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share

Category