If you are looking for home loans in Salt Lake City, UT, you can rely on a lender such as UFirst Credit Union. They offer an uncomplicated process and offer fast and affordable financing with a range of mortgages and home loans at competitive rates. You can get home loans for first-time buyers, second mortgages, short-term loans, and more.
First-Time Home Buyers
The best mortgage lenders offer home loans in Salt Lake City, UT for first time buyers. Their goal is to help new buyers achieve homeownership with an affordable, attainable loan. They work with buyers who have fewer funds available for a down payment as well as people with a lower credit score. They have mortgage consultants who help you through every step of the process, from searching for your home to securing your home loan.
You may qualify if you haven’t owned a home in the last three years, if you have only owned a home jointly with a former spouse, or if you have only owned non-permanent homes. You can pay a smaller down payment and they offer up to 100% financing. No private mortgage insurance is required and there are different financing options for unique financial needs.
Home Equity Loan
Another option for home loans in Salt Lake City, UT is a home equity loan. This type of loan allows you to use the equity in your home as collateral to acquire financing. You can access a lump sum of cash at a fixed rate that usually ranges from five to ten years and you pay monthly. You can use this type of loan for one-time expenses, such as a home remodel, weddings, or debt consolidation. In addition, you can borrow up to 95% of your home’s value and they have five-, seven-, and ten-year terms available.
