Best Utah Mortgage Lenders September 2023
Are you considering buying a house in Utah? Compare the best Utah mortgage lenders in this article. According to U.S. Census, Utah has about 1.1 million house units and a 71% homeownership rate. The median housing price in Utah is $303,300 and the national median housing price is $229,700. House costs vary by region.
As a borrower, there are things to consider before selecting a lender;
- Check your finances
- Determine your budget
- Know your mortgage options
- Compare rates and terms from many lenders
- Have an approval for mortgage
- Read the print well
Here is the list of the best Utah mortgage lenders;
Best Utah Mortgage Lenders September 2023
1.Homefinity;- Homefinity has a minimum down payment of 3% and minimum credit score which is not disclosed to the public.
2.Caliber Home Loans;- Caliber home loans has a minimum down payment of 3% and minimum credit score of 620.
3.Carrington Mortgage;– Carrington Mortgage has a minimum down payment of 3% and minimum credit score of 620.
4.PenFed Credit Union;– PenFed Credit Union has a minimum down payment of 0% for VA loan and minimum credit score of 620.
5.Truist Bank;– Truist Bank has a minimum down payment of 3% and minimum credit score which is not disclosed to the public.
6.Chase;– Chase has a minimum down payment of 3% and minimum credit score which is not disclosed to the public.
7.Lower.com ;- Lower.com has a minimum down payment of 3% and minimum credit score of 620.
8.AmeriSave;- AmeriSave has a minimum down payment of 3% and minimum credit score of 620.
9.Veterans United Home Loan;– Veterans United Home Loan has a minimum down payment of 3% and minimum credit score of 620.
10.PNC;– PNC has a minimum down payment of 3% and minimum credit score of 620.
Review of the best Utah mortgage lenders September 2023
1.Homefinity – Best for online application and Approval
2.Caliber Home Loans – Best for online service
3.Carrington Mortgage – Best for borrowers with bad credit
4.PenFed Credit Union – Best for lender credit and no lender fee
5.Truist Bank – Best for client relations
6.Chase – Best for low costs
7.Lower.com – Best for borrowers who prefer digital home lending
8.AmeriSave – Best for mortgage variety
9.Veterans United Home Loan – Best for Veterans Affairs loans
10.PNC – Best for low down-payment
- For a 30-year fixed-rate the average interest rate for a mortgage in Utah is 2.82% and the Home interest rates range from 2.5% to 3.25% in Utah.
Other mortgage Lenders in Utah September 2023
- PrimeLending – best for digital customer care
- Real Genius – best for online application
- New American Funding – best for low APR
- Guild Mortgage – best for product selection
- Sofi – best for online service
- CMG Financial – best for first-time borrowers who want to crowd-fund their down payment.
- Freedom Mortgage – best for product availability
- LoanDepot – best for a digital-first mortgage
- Alliant Credit Union – best for no down payment
- Rocket Mortgage – best for customer service
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