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10 Best Utah Mortgage Lenders of 2021

Looking to buy a home in Utah or get a home equity line of credit? You have many mortgage lenders to choose from. We will help you find the best Utah mortgage lender, based on your needs and circumstances.

By
NerdWallet
Mar 7, 2023

Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are listed on the page. Our opinions are our own. Here is a list of our partners.

Best Utah Mortgage Lenders

Lender
NerdWallet Rating
Min. credit score
Min. down payment
National / regional
Learn more
Bank of America

Bank of America: NMLS#399802

Read review
4.5/5
Best for low down payments

660

5%

National

Chase

Chase: NMLS#399798

4.5/5
Best for home equity lines of credit

620

3%

National

Citibank

Citibank: NMLS#412915

3.5/5
Best for lower credit score borrowers

N/A

3.5%

National

Flagstar

Flagstar: NMLS#417490

4.5/5
Best for home equity lines of credit

680

3%

National

Flagstar

Flagstar: NMLS#417490

4.5/5
Best for low down payments

620

3%

National

Guaranteed Rate

Guaranteed Rate: NMLS#2611

5.0/5
Best for first-time home buyers

620

3%

National

Guild Mortgage

Guild Mortgage: NMLS#3274

3.5/5
Best for first-time home buyers

620

3%

Regional

4.0/5
Best for lower credit score borrowers

500

3.5%

National

Learn moreat New American Fundingat New American Funding
Pennymac

Pennymac: NMLS#35953

5.0/5
Best for online experience

620

3%

National

Rocket Mortgage, LLC

Rocket Mortgage, LLC: NMLS#3030

Learn moreat Rocket Mortgage, LLCat Rocket Mortgage, LLC
4.5/5
Best for online experience

620

3%

National

Learn moreat Rocket Mortgage, LLCat Rocket Mortgage, LLC

Our pick for

low down payments

Bank of America
Read review
Bank of America

Bank of America: NMLS#399802

4.5
Min. credit score

660

Min. down payment

5%

National / regional

National

Why We Like ItGood for: first-time home buyers looking for low- or no-down-payment options and homeowners interested in a home equity line of credit.
Pros
  • Offers down payment and closing cost assistance programs.
  • May give existing customers a discount on mortgage lender origination fees and HELOC interest rates.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.
Cons
  • Doesn't offer renovation loans that roll costs into a mortgage.
Flagstar

Flagstar: NMLS#417490

Min. credit score

620

Min. down payment

3%

Why We Like ItGood for: borrowers who want a wide range of choices — not only among mortgage products, but also in the channel they prefer, whether a branch, online or on the phone.
Pros
  • Offers a wide range of loan types and products, including FHA, VA and USDA.
  • Borrowers can apply and track loan status online.
  • Offers customized online rate quotes with monthly payment estimates, including mortgage insurance, when applicable.
Cons
  • Home equity loans are geographically limited.
  • Origination fees are on the high side compared with other lenders, according to the latest federal data.

Our pick for

home equity lines of credit

These lenders offer home equity lines of credit, which allow you to borrow against your home’s value.

Chase

Chase: NMLS#399798

National / regional

National

Max LTV

80%

Min. credit score

620

Why We Like ItGood for: borrowers who want a wide selection of loan products, an in-person experience and comparatively low interest rates.
Pros
  • Carries a wide variety of mortgage types and products, including DreaMaker and Standard Agency mortgages, with down payments as low as 3%.
  • Offers low rates compared with other lenders, according to the latest federal data.
  • Offers a customizable mortgage calculator for personalized rate and payment estimates.
Cons
  • Doesn't offer home improvement loans, such as FHA 203(k) and HomeStyle.
  • You have to speak with a home loan adviser to complete the application.
  • Home equity lines of credit (HELOC) are currently unavailable.
Flagstar

Flagstar: NMLS#417490

National / regional

National

Max LTV

80%

Min. credit score

680

Why We Like ItGood for: borrowers who want a wide range of choices — not only among mortgage products, but also in the channel they prefer, whether a branch, online or on the phone.
Pros
  • Offers a wide range of loan types and products, including FHA, VA and USDA.
  • Borrowers can apply and track loan status online.
  • Offers customized online rate quotes with monthly payment estimates, including mortgage insurance, when applicable.
Cons
  • Home equity loans are geographically limited.
  • Origination fees are on the high side compared with other lenders, according to the latest federal data.

Our pick for

lower credit score borrowers

Citibank

Citibank: NMLS#412915

National / regional

National

Min. down payment

3.5%

Why We Like ItGood for: Buyers who want to explore low down payment mortgages, including government-backed loans and Citi’s proprietary option.
Pros
  • Offers a wide variety of loan options, including low-down-payment mortgages and jumbo mortgages.
  • Offers low rates compared with other lenders, according to the latest data.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.
Cons
  • Requires help from a loan officer to complete an online mortgage application.
  • Customized mortgage rates not available without making contact.
  • Doesn’t offer renovation loans.
Why We Like ItGood for: First-time home buyers and other borrowers looking for a broad array of loan choices.
Pros
  • Offers a wide variety of purchase and refinance mortgages with an emphasis on helping underserved communities.
  • Its home equity line of credit can be used for an owner-occupied or second home.
  • Offers a program to enable buyers to make cash offers.
Cons
  • Mortgage origination fees tend to be on the high end, according to the latest federal data.

Our pick for

first-time home buyers

Guaranteed Rate

Guaranteed Rate: NMLS#2611

Min. credit score

620

Min. down payment

3%

Why We Like ItGood for: borrowers seeking a solid variety of loan types, including jumbo and interest-only options, and a totally online experience.
Pros
  • Displays detailed sample rates for many of its loan products.
  • Offers a wide variety of loans, including jumbo and interest-only products.
  • Offers low rates compared with other lenders, according to the latest federal data.
Cons
  • Doesn't offer home equity loans.
Guild Mortgage

Guild Mortgage: NMLS#3274

Min. credit score

620

Min. down payment

3%

Why We Like ItGood for: borrowers who value customer service, and first-time home buyers and others who may need the flexibility of a low-down-payment loan program.
Pros
  • Offers a wide variety of loan products, including home improvement loans and mortgages for manufactured homes.
  • Has retail branches in most states.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.
Cons
  • Does not offer home equity loan products.
  • Origination fees tend to be higher, according to the latest federal data.

Our pick for

online experience

Pennymac

Pennymac: NMLS#35953

Min. credit score

620

Min. down payment

3%

Why We Like ItGood for: borrowers seeking a government-backed mortgage who want to rate-shop online.
Pros
  • Offers a wide variety of loan products, including government-backed and refinance options, as well as home equity loans.
  • Displays custom rate quotes based on home value, down payment or equity, ZIP code and credit score range.
  • “Lock & Shop” lets you secure a rate for up to 60 days, even if you don’t have a purchase contract yet.
Cons
  • Origination fees are on the higher end, according to the latest federal data.
  • Doesn't offer home equity lines of credit or renovation loans.
Rocket Mortgage, LLC
Learn moreat Rocket Mortgage, LLCat Rocket Mortgage, LLC
Rocket Mortgage, LLC

Rocket Mortgage, LLC: NMLS#3030

Min. credit score

620

Min. down payment

3%

Learn moreat Rocket Mortgage, LLCat Rocket Mortgage, LLC
Why We Like ItGood for: borrowers who appreciate a fully digital home loan experience with mortgage rates lower than other lenders’.
Pros
  • Streamlined online process with document and asset retrieval capabilities, as well as the ability to edit your preapproval letter.
  • Mortgage interest rates are on the low side compared to other lenders, according to the latest federal data.
  • Offers the option to work with loan officers by phone if desired.
Cons
  • Getting a customized interest rate requires a credit check, which can affect your credit score.
  • Doesn't offer home equity lines of credit.
  • Origination fees are on the high side compared with other lenders, according to the latest federal data.

More from NerdWallet

Last updated on March 7, 2023

Methodology

NerdWallet's star ratings for mortgage lenders are awarded based on our evaluation of the products and services each lender offers to consumers who are actively shopping for the best mortgage. The five key areas we evaluated include the variety of loan types and products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available Home Mortgage Disclosure Act data. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.

To recap our selections...

NerdWallet's Best Utah Mortgage Lenders of 2021

  • Bank of America: Best for low down payments
  • Chase: Best for home equity lines of credit
  • Citibank: Best for lower credit score borrowers
  • Flagstar: Best for home equity lines of credit
  • Flagstar: Best for low down payments
  • Guaranteed Rate: Best for first-time home buyers
  • Guild Mortgage: Best for first-time home buyers
  • New American Funding: Best for lower credit score borrowers
  • Pennymac: Best for online experience
  • Rocket Mortgage, LLC: Best for online experience
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