If you want to buy a house in Utah, you are not alone. With about 1.1 million housing units And the average homeownership rate above 71% according to the US Census Bureau 2018 American Community Survey, Utah is a popular place to call home.
Utah has a median housing price of $ 303,300, well above the national average of $ 229,700. Home values can vary by region, however, with median home prices as high as $ 598,900 in some parts of the state.
What are the mortgage rates in Utah?
House interest rates Range from 2.5% Service 3.25% In Utah.
What are today’s mortgage rates?
By locking in a low mortgage rate today, you can save thousands over the life of your loan. Compare your mortgage rate offers with national average trends.
|
Loan type |
Rate of this week |
Last week rate |
| 30-Year Fixed Rate Mortgage | 2.87% | 2.9% |
| 15-Year Fixed Rate Mortgage | 2.34% | 2.38% |
| 30-Year Fixed-Rate Jumbo Mortgage | 2.89% | 2.93% |
| 5/1 ARM | 2.99% | 3.03% |
| 5/1 Jumbo ARM | 2.86% | 2.85% |
* Rates for January 1, 2021
US News’ Best Utah Mortgage Lender
Methodology: US News conducted an in-depth review of major direct mortgage lenders in Utah. The research was based on program availability, customer satisfaction ratings, and qualification requirements. Because each consumer has different needs, the top finishers were chosen in several key areas.
Before you apply
- Mortgage Type: ARM, Traditional, FHA, Refinance, USDA and VA
- Minimum FICO Credit Score: 660
- Maximum loan amount: $ 1.5 million
- Better Business Bureau Rating: A +
Lender highlights
- Mortgage Type: ARM, traditional, FHA, first time homebuyer program, home equity lines of credit, refinance, VA
- Minimum FICO Credit Score: 600
- Maximum loan amount: $ 5 million
- Better Business Bureau Rating: A +
Best counter
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Different types of mortgages
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Annual percentage rate or closing cost rebate for qualifying Bank of America and Merrill Lynch clients
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No closing costs and no annual, balance transfer and cash advance fees for Halox.
Before you apply
- Mortgage Type: Traditional, FHA, Jumbo, Refinance, USDA and VA
- Minimum FICO Credit Score: 580
- Maximum loan amount: $ 3 million
- Better Business Bureau Rating: a
Best counter
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Homebuyer offers programs for the first time
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FICO accepts mortgage applicants with credit scores as low as 580
Before you apply
- Mortgage Type Offered: ARM, Traditional, FHA, Jumbo, Refinance and VA
- Minimum FICO Credit Score: 620
- Maximum loan amount: $ 3 million
- Better Business Bureau Rating: A +
Best counter
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Accepts up to 3% down payment
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Receives high marks from Better Business Bureau
Before you apply
- Mortgage Type: ARM, Traditional, FHA, Jumbo, Manufactured Homes, Refinance, Reverse, USDA & VA
- Minimum FICO Credit Score: 600
- Maximum loan amount: Different
- Better Business Bureau Rating: A +
Best counter
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Receives strong customer service rating from Better Business Bureau
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Offers a wide range of mortgage products
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Offers exclusive mortgage programs for first time buyers and manufactured homebuyers
main characteristics:
- Mortgage Type Offered: Traditional, FHA, VA, ARM, Refinance (Conventional), Refinance (FHA), Refinance (VA), Home Equity Loan
- Minimum FICO Credit Score: 500 with conditions
- Maximum debt-to-income ratio: 43% for FHA
- Maximum combined debt-to-value ratio: 90%
- JD Power Satisfaction Rating: Four out of five
Best counter
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The LoanDepot mortgage has a lifetime guarantee, meaning that if you ever decide to refinance an existing LoanDepot loan, the company will waive the lender fee and reimburse the appraisal fee.
main characteristics:
- Loan Type: Traditional, FHA, VA, USDA, ARM, Refinance
- Minimum FICO Score: 600
- Maximum debt-to-value ratio: Not disclosed
- Maximum debt-to-income ratio: 43%
- Total Closing Cost: 2% to 6% of the loan amount
- Equity required: Not disclosed
- JD Power Satisfaction Rating: Not rated
Best counter
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Offers various types of mortgage loans.
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Nationwide offers mortgage loans.
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Helps with closing costs.
Highlight:
- Mortgage Type Offered: ARM, FHA, VA, Refinance (FHA), USDA, Traditional, Refinance (Traditional)
- Minimum FICO Credit Score: 580 (FHA), other loans vary
- Maximum debt-to-income ratio: 60%
- JD Power Satisfaction Rating: Five out of five
Best counter
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The complete loan procedure is available online.
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Wide variety of mortgage products.
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Good customer service rating.
mortgage calculator
Is your dream home within reach? US News’ mortgage calculator will show you how much home you can buy.
What are some Utah homebuyer programs?
Utah homebuyers can get favorable mortgage interest rates and these programs can help with payment and closing costs.
- available to: First time homebuyers with credit scores of 660 or more.
- Income Range: Different from county (see) Income range).
- Homebuyers for the first time only ?: Yes.
- Loan Options: Federal Housing Authority or Veterans Affairs Loan.
- profit: Usually offers the lowest interest rate.
- Payment and closing cost assistance: The first loan can be borrowed for 6% down payment and closing costs of the total amount.
- available to: Homebuyers with a credit score of 660 or more who have a first home or are first time homebuyers who are not eligible for FirstHome.
- Income Range: Different from county (Revenue Range).
- Homebuyers for the first time only ?: No.
- Loan Options: FHA or VA loan.
- profit: No purchase price limit.
- Payment and closing cost assistance: The first loan can be borrowed for 6% down payment and closing costs of the total amount.
- available to: Homebuyers with credit scores of 620 or higher who have overcome past credit challenges.
- Income Range: Different from county (Revenue Range).
- Homebuyers for the first time only ?: No.
- Loan Options: FHA or VA loan.
- profit: Ownership path for people with previous credit problems.
- Payment and closing cost assistance: The first loan can be borrowed for 4% down payment and closing costs of the total amount.
- available to: Homebuyers with credit scores of 700 or more.
- Income Range: Different from county (Revenue Range).
- Homebuyers for the first time only ?: No.
- Loan Options: Traditional.
- profit: It is usually the lowest mortgage payment because it offers a loan without mortgage insurance.
- Payment and closing cost assistance: The first loan can be borrowed for 5% down payment and closing costs of the total amount.
Advertisement Disclosure: Some of the loan offers on this site are from companies that are advertising clients of US News. Advertising ideas can influence offers that appear on the site, but do not affect any editorial decisions, such as which loan products we write about and how to evaluate them. This site does not include all loan companies or all loan offers available in the market.