Summit, NJ Home Loans & Mortgage Services
Expert mortgage guidance for Summit homebuyers and homeowners. Get competitive rates on conventional, FHA, VA, and jumbo loans with a local Bergen County mortgage advisor who understands the Summit market.
Summit Real Estate Market Overview
Why Choose Summit?
- Walkable downtown with upscale shopping and dining
- Top-rated Summit Public Schools with excellent academics
- Midtown Direct train service to Penn Station
- Historic architecture and tree-lined streets
- Vibrant arts community and cultural events
- Corporate headquarters including Chubb and Celgene
Popular Summit Neighborhoods
Mortgage Programs for Summit Buyers
Specializing in jumbo loans and luxury home financing for Summit's premium real estate market.
Jumbo Loans
For high-value properties in Bergen County
- Loan amounts above conforming limits
- Competitive rates for qualified borrowers
- Flexible loan terms
Conventional Loans
Low down payment options, competitive rates
- Down payments as low as 3%
- Competitive interest rates
- Flexible loan terms (15, 20, 30 years)
All In One Loan
Get financial flexibility and pay off your home loan faster
- Mortgage and checking in one account
- Automatic principal reduction
- Access to home equity without refinancing
HomeStyle® Renovation
Low down payments, big possibilities
- Down payment as low as 3%
- Finance up to 75% of completed value
- Wide range of renovation types allowed
Specialized Mortgage Resources for Summit
Explore detailed guides tailored specifically for Summit homebuyers and homeowners.
Home Equity Agreements in Summit
Are you a Summit homeowner considering a home equity agreement (HEA)? With Summit's strong property values and consisten...
First-Time Homebuyers in Summit
Buying your first home in Summit is an exciting milestone. As a first-time homebuyer, you have access to special program...
FHA Loans in Summit
FHA loans are one of the most popular mortgage options for homebuyers in Summit, offering low down payments, flexible cr...
Jumbo Loans in Summit
For luxury homes and high-value properties in Summit, jumbo loans provide financing above conventional loan limits. Thes...
Mortgage Refinancing in Summit
Refinancing your Summit home can help you secure a lower interest rate, reduce your monthly payment, access your home eq...
Conventional Loans in Summit
Conventional loans are the most popular mortgage option for homebuyers in Summit, offering competitive interest rates, f...
VA Loans in Summit
VA loans provide an incredible benefit for veterans, active-duty service members, and eligible surviving spouses looking...
HomeReady Loans in Summit
HomeReady loans from Fannie Mae help low-to-moderate income buyers afford homes in Summit with just 3% down, flexible cr...
FHA 203(k) Renovation Loans in Summit
FHA 203(k) loans let you buy or refinance a fixer-upper in Summit and finance the renovation costs—all in a single mortg...
Mortgage Recast Calculator in Summit
If you're a Summit homeowner who's come into a significant sum of money—whether from inheritance, a work bonus, stock op...
Why Work With a Summit Mortgage Expert?
Local Market Knowledge
Deep understanding of Summit property values, neighborhood trends, and local real estate market conditions.
Fast Pre-Approvals
Quick pre-approval letters to strengthen your offer in Summit's competitive real estate market.
Real Estate Agent Relationships
Established connections with top Summit real estate agents for seamless transactions.
School District Expertise
Guidance on buying in top-rated Summit Public Schools attendance zones.
Ready to Buy or Refinance in Summit?
Get expert mortgage guidance from a local Bergen County advisor who understands the Summit market. Call today or get started online.
Summit Mortgage FAQs
What is the average home price in Summit, NJ?
The median home price in Summit is approximately $1,250,000. Property values vary significantly by neighborhood, home size, and condition. Summit is considered a premium market within Bergen County.
Do I need a jumbo loan for Summit?
With a median price of $1,250,000, many Summit homes exceed the conforming loan limit of $766,550 and require jumbo financing. However, conventional loans are available for properties under this threshold. We can help you determine the best loan type for your specific property.
What is the property tax rate in Summit?
The effective property tax rate in Summit is approximately 2.68% of the assessed home value. Property taxes fund Summit Public Schools and local municipal services. On a $1,250,000 home, annual property taxes would be approximately $33,500.
How long does it take to commute from Summit to NYC?
The commute from Summit to New York City typically takes 45-50 minutes (Midtown Direct) by train or car, making it a convenient option for Manhattan commuters. Jersey City is approximately away. Many Summit residents work in NYC and appreciate the suburban quality of life with easy urban access.
Start Your Summit Home Journey Today
Whether you're buying your first home or refinancing your current property, we're here to help you navigate the Summit real estate market with confidence.