Where can I find today's rates?
Mortgage Rates are vary heavily based on your credit score, loan program, down payment, income, property type and many other factors. Getting a rate quote specific to your situation will help you know your next steps as you journey towards homeownership. Give us a call at 801-474-3333 and we would be happy to give you a rate quote that is accurate and specific to you.
What if I have a low credit score?
We have loan products that allow credit scores as low as 580. Contact our mortgage lenders in Salt Lake City, and we can help you find the right product with your credit score so you can get into a home you love.
What is the minimum down payment to get a loan?
The minimum down payment changes based on the loan program you are using. Here is a basic overview of minimum down payments based on the loan type for a primary residence (A home you will live in):
- Conventional Loans: 3% of purchase price for First time homebuyer otherwise 5% of purchase price
- FHA Loans: 3.5% of Purchase Price
- VA Loans: 0% of Purchase Price
- USDA Loans: 0% of Purchase Price
How quickly can I get pre-qualified?
Our pre-approval process is fast, easy and simple! See our page on pre-qualification processes by CLICKING HERE
Is it worth paying a mortgage broker?
Using a mortgage broker provides you with a high level of service at normally a lower cost. They shop around to multiple banks on your behalf in order to find you the best rates and closing costs available. As such your fees may be lower than other options making it absolutely worth it to pay for their services. In most cases the banks they are contracted with will pay the mortgage broker commission meaning you won’t actually be paying any origination fees to them directly.
Have Additional Questions?
We would be honored to help you out with your specific situation and provide guidance on your next steps! Give us a call at 801-474-3333.