Our Lending Options
VA Lending
If you are a veteran, or on active duty, then this program is an excellent loan for the purchase of your new home. VA allows for 100% financing with no monthly mortgage insurance. VA makes it very flexible to get approved.
- Up to 100% of the purchase price
- No monthly mortgage insurance
LOAN PROGRAMS
VA Fixed Mortgage
30 year fixed
15 year fixed
VA Fixed Period ARM’s (Adjustable Rate Mortgages)
3/1 ARM = 3 years fixed, 27 year ARM
5/1 ARM = 5 years fixed, 25 year ARM
FHA Loans
An FHA loan allows you to buy a home with as little as 3.5% down. Taking advantage of the FHA loan program is a great way for first time buyers or anyone with a shortage of down payment funds to buy a home. Anyone can obtain an FHA loan. FHA allows a FICO credit score of 580 to obtain financing.
- Up to 96.50% of the purchase price
- Loan amounts of $510,400
- Down payment can be gifted
LOAN PROGRAMS
FHA Fixed Mortgages
30 year fixed
15 year fixed
FHA Fixed period ARM’s (Adjustable Rate Mortgages)
1/1 ARM = 1 year fixed, 29 year ARM
3/1 ARM = 3 years fixed, 27 year ARM
5/1 ARM = 5 years fixed, 25 year ARM
Conventional Loans
Conventional Financing offers some of the lowest interest rates in the industry.
- Down payments as low as 3%
- Refinance loan amounts up to 95% of your home’s value
- No MI (Mortgage Insurance) with 20% equity of your home’s value
- You can also take Cash-Out up to 80% of your home’s value
LOAN PROGRAMS
Conforming Fixed Mortgages – Utah 2020 loan Limit $510,400
30 year fixed
25 year fixed
20 year fixed
15 year fixed
10 year fixed
Or any number of years that fit your budget!
Conforming Fixed Period ARM’s (Adjustable Rate Mortgages)
3/1 ARM = 3 years fixed, 27 year ARM
5/1 ARM = 5 years fixed, 25 year ARM
7/1 ARM = 7 years fixed, 23 year ARM
10/1 ARM = 10 years fixed, 20 year ARM
Jumbo Loans
Conventional Financing offers some of the lowest interest rates in the industry.
- Down payments as low as 3%
- Refinance loan amounts up to 95% of your home’s value
- No MI (Mortgage Insurance) with 20% equity of your home’s value
- You can also take Cash-Out up to 80% of your home’s value
LOAN PROGRAMS
Conforming Fixed Mortgages – Utah 2020 loan Limit $510,400
30 year fixed
25 year fixed
20 year fixed
15 year fixed
10 year fixed
Or any number of years that fit your budget!
Conforming Fixed Period ARM’s (Adjustable Rate Mortgages)
3/1 ARM = 3 years fixed, 27 year ARM
5/1 ARM = 5 years fixed, 25 year ARM
7/1 ARM = 7 years fixed, 23 year ARM
10/1 ARM = 10 years fixed, 20 year ARM
Utah Housing Loans
Learn About our Down Payment Assistance Mortgage
If cash at closing is your challenge, our Down Payment Assistance Second Mortgage can help. When combined with our first mortgage, qualified borrowers can purchase a home with little or no cash investment.
Learn About our Streamline Refinance Program
Due to the recent decrease in FHA’s annual mortgage insurance premium and low interest rates, you may be able to lower your monthly payment with UHC’s Streamline Refinance.
Learn About Subordinating your current UHC 2nd Mortgage
If you are eligible for a UHC Streamline Refi, you will not be required to pay off your current UHC 2nd mortgage.
3% Down Mortgages
The 97% loan-to-value (LTV) purchase program allows home buyers to purchase a single family home, condo, co-op, or PUD with just a 3% down payment. The program is named for the 97% remaining mortgage balance.
Now that conventional 3% down loans are a reality, buyers have a real alternative to FHA. While the FHA loan has its benefits, it comes with high upfront fees and permanent mortgage insurance. The new conventional 97% LTV program is a safer bet for the future, requiring no upfront mortgage insurance fees and cancellable monthly PMI.
These loans allow a FICO credit score of 680 or above to obtain financing.
- Up to 97% of the purchase price
- Loan amounts of $510,400
- Down payment can be gifted
LOAN PROGRAMS
3% Down Fixed Mortgages
30 year fixed
15 year fixed
3% Down Fixed period ARM’s (Adjustable Rate Mortgages)
1/1 ARM = 1 year fixed, 29 year ARM
3/1 ARM = 3 years fixed, 27 year ARM
5/1 ARM = 5 years fixed, 25 year ARM
USDA Loans
The USDA Guaranteed Loan Program is a federal program offered through the United States Department of Agriculture. Rural Housing through the USDA program provides a number of homeownership opportunities to rural Americans, as well as programs for home renovation and repair. This is an excellent product and benefit for those individuals that qualify. Rural Housing also offers 100% financing opportunities for those who qualify.
Rural Housing loans are now easier to qualify and are a financially secure option for home financing regardless of your situation.
There are several advantages to using USDA’s Home Loan Program.
- USDA 100% Financing
- Low Monthly Mortgage Insurance(MI)with a USDA loan
- Low USDA Mortgage Interest Rates
- USDA Low Closing Costs
- USDA Zero Down Payment.
- Easy Credit Qualifying with USDA
- Never a Pre-payment Penalty with USDA
Business Loans
A smart choice for your growing business.
Our business loans provide a specific amount of credit to finance major expenses, such as the acquisition or expansion of operating facilities, or the purchase of new or used equipment including business vehicles. You’ll enjoy competitive rates and flexible terms.
- Applying is easy
- Many different loan amounts available
- Competitive fixed and variable rates of interest
- Fixed monthly payments of principal and interest
- Various terms depending on collateral
Our Refinance Options
Conventional
Conventional financing offers some of the lowest interest rates in the industry.
- Refinance loan amounts up to 95% of your home’s value
- No MI (Mortgage Insurance) with 20% equity of your home’s value
- You can also take Cash-Out up to 80% of your home’s value
LOAN PROGRAMS
Conforming Fixed Mortgages
30 year fixed
25 year fixed
20 year fixed
15 year fixed
10 year fixed
Conforming Fixed Period ARM’s (Adjustable Rate Mortgages)
3/1 ARM = 3 years fixed, 27 year ARM
5/1 ARM = 5 years fixed, 25 year ARM
7/1 ARM = 7 years fixed, 23 year ARM
10/1 ARM = 10 years fixed, 20 year ARM
Jumbo Fixed Mortgage (Larger than $417,000)
30 year fixed
15 year fixed
FHA Streamline
One of the great benefits of having an FHA loan is the ability to do a streamline. With a streamline, you can refinance your current loan and not have to go through the hassle of pulling credit, doing an appraisal, or providing income documentation.
You must have made at least 6 monthly payments on your current note and had no 30 day delinquencies during the previous 12-month period.
LOAN PROGRAMS
FHA Fixed Mortgages
30 year fixed
15 year fixed
FHA Fixed Period ARM’s (Adjustable Rate Mortgages)
1/1 ARM = 1 year fixed, 29 year ARM
3/1 ARM = 3 years fixed, 27 year ARM
5/1 ARM = 5 years fixed, 25 year ARM
VA Streamline
With a VA loan, you can streamline your current loan without having to credit qualify, do an appraisal, or providing income documentation. This loan requires no money out of pocket and gives you a great loan with a low rate.
LOAN PROGRAMS
VA Fixed Mortgages
30 year fixed
15 year fixed
VA Fixed Period ARM’s (Adjustable Rate Mortgages)
3/1 ARM = 3 years fixed, 27 year ARM
5/1 ARM = 5 years fixed, 25 year ARM