buying your first home

Let's break down some common misconceptions people have about buying a new home.

Will my first home check every box on my wish list?

We've all watched those episodes of House Hunters. We all start with a long list of must-haves, but those items can change as you look at homes. First and foremost, all of those items are important, and they should be on your list. But know that there won't be one home that will likely meet all of your wants. At every price point, buyers compromise or shift the importance of that wish list. Reviewing that wish list after you've started looking at home plans is an excellent way to tackle this.

How will I come up with my 20% down payment?

Guess what? A 20% down payment is not required! With our partner lender, there are some incredible programs that require as little as a 3.5% down payment. Visit the loan process to learn more about the down payment.

What other money will I need?

The down payment is typically the largest upfront cost. It's important to note that that money goes towards your mortgage loan; it doesn't disappear. The other out-of-pocket expenses are your earnest money deposit and closing costs. Lucky for you, if you build a new Summit home and finance with partner lender Silverton Mortgage, you'll get our $3,000, which can go towards your closing costs, making your out-of-pocket expenses lower.