California Employee Loan Program
How Can I Qualify For This Program?
Our discounts are available to any borrower who is employed by or retired from the state, city or county. The loan options will be determined by your credit history as well as comparing your income and your current debt.
How Quickly Can I Get Pre-Qualified?
The first step of getting pre-qualified is to schedule an appointment with one of our Loan Officers. Once you are in the appointment it could be as quick as an hour to get you out there shopping.
What Are Closing Costs?
These are expenses over and above the price of the property that are incurred by buyers and sellers when transferring ownership of a property. Closing costs normally include an origination fee, property taxes, charges for title insurance and escrow costs, appraisal fees, etc. Closing costs will vary according to the area and property type.
What Is Private Mortgage Insurance?
Mortgage insurance provided by a private mortgage insurance company to protect lenders against loss if a borrower defaults. Most lenders generally require PMI for a loan with a loan-to-value (LTV) percentage in excess of 80 percent.
How Fast Can You Close My Transaction?
The length of your transaction is determined by an individual's situation. With that said, Summit generally closes our loans within 30 days and our promise to you is that we will close on time and smoothly.
What Are Current Rates Looking Like?
Rates vary depending on an individual’s situation, your credit score and the overall climate of the economy. For a better idea of what your rate looks like, give us a call or fill out our online inquiry.

GETTING STARTED Let's get you pre-qualified

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California Employee Loan Program
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Loan approval is subject to underwriter review: not everyone who applies will be approved. Interest rates are subject to change daily and without notice. Any interest rates shown are indicative of market conditions and individual qualifications and will vary upon your lock-in period, loan type, credit score, purpose and loan to value.