Utah is known for its iconic landscapes, from mesas to mountains. Let’s not forget its rewarding adventures and booming housing market. Both are reasons why people settle down and stay. From Salt Lake City to St. George and everywhere in between, Utah has something for everyone.
If you’re looking to buy a home in Utah, start your mortgage application now, and you can have a pre-approval letter in hand when you’re touring homes!
Already a Utah homeowner? We can also help with mortgage refinancing!
Utah mortgage rates and trends
National mortgage rates dropped to all-time lows largely due to COVID-19. As a result, millions of Americans have been taking advantage of low borrowing costs.
In Utah, mortgage rates followed that trend, but we have been seeing a gradual increase over the past year. That said, rates are still low by historical standards. So, it's in your best interest to take advantage of a free mortgage review regardless of when you took out a mortgage. Especially since a lower rate could mean monthly savings that equal hundreds of dollars.
A favorable mortgage rate typically starts with high credit scores and a low debt-to-income ratio. Additionally, it's worth talking with a lender who will customize a loan program based on your unique needs. That's exactly what our team does at American Financing. Let us walk you through one of our many Utah home mortgages, including FHA, VA, Conventional, USDA, and more.
Down payment assistance
Utah home buyers may qualify for down payment assistance. If you’re looking to purchase a Utah home, let us help you understand what options and grant monies** are available to you.
Be sure to ask about:
Closing cost assistance
Dream Makers Grant
Forgivable and non-forgivable second mortgages
First-time home buyer incentives
**Actual assistance amount may vary based on purchase city, credit score, and other financial requirements. Down payment assistance programs are at the city and/or state level, and they are not funded by American Financing. A homebuyer education course may need to be completed prior to applying.
Check with your mortgage consultant about funding today!
Refinancing your mortgage
Is your monthly mortgage payment or interest rate too high?
Do you want to be mortgage-free sooner?
Do you have high-interest debt holding you back?
Did you answer yes to any of these questions? If so, now is the time to schedule a free mortgage review with one of our Utah mortgage consultants. You could be looking at up to $1,000 a month in savings with a mortgage refinance. When working with American Financing, you can choose any loan term you need ten years and over! Just call a mortgage consultant to learn more about the benefits of a refinance.
Why American Financing?
American Financing is a national mortgage lender that’s dedicated to making homeownership affordable. We offer competitive mortgage rates and no upfront fees. Most importantly, our dedicated mortgage consultants work hard to customize the right loan program for your financial goals. We're able to complete most of the lending process online, creating an even faster and more convenient experience for you.
We see you as more than just a loan. We get to know you first and see you as a vital part of the American Financing family. Rest assured that we’re always available to answer any mortgage-related questions, even after closing. We can also help with refinancing to a better rate or to get cash out.
Let’s build your home loan together
Call (866) 885-1079 today and connect with a Utah mortgage consultant. We’re standing by to customize any loan in the industry. All while working hard to offer you the best service, and get you the lowest rates, and fastest closing possible. We look forward to showing you how simple the mortgage refinancing or new home purchase process can be! So, here’s to the start of a lifelong relationship!
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