10 Best Utah Mortgage Lenders of 2020

Why we like it

Pros

• Offers multiple online conveniences, including a full mortgage application, e-signatures and digital loan process tracking.

• Offers a wide variety of loan products, including home improvement and manufactured home loans.

Cons

• Does not offer home equity loan products.

• Average interest rates and fees are higher than other lenders.

Why we like it

Pros

• Offers the ability to securely upload and digitally sign loan documents.

• Displays detailed sample rates for many of its loan products.

Cons

• Doesn't offer home equity loans or lines of credit.

Why we like it

Pros

• Uses manual underwriting to evaluate creditworthiness.

• Offers full online mortgage application, rate quotes, document upload and loan tracking.

• Home equity lending sets it apart from most non-bank lenders.

Cons

• Services not available in all 50 states.

Why we like it

Pros

• Offers a wide variety of loan options, including low-down-payment mortgages and jumbo mortgages.

• Provides customizable mortgage rates on its website.

• Offers low rates and fees compared to other lenders.

Cons

• Charges a mortgage application fee.

• Requires help from a mortgage loan officer to complete the loan application online.

Why we like it

Pros

• Offers a wide range of loan types and products, including FHA, VA and USDA.

• Has a full suite of online conveniences.

• Does well with rate transparency, and monthly payment estimates add mortgage insurance, when applicable.

Cons

• Doesn’t offer renovation loans at this time.

• Home equity lending is geographically limited.

Why we like it

Pros

• Allows borrowers to apply entirely online.

• Offers down payment and closing cost assistance programs.

• May give existing customers a discount on mortgage lender origination fees.

Cons

• Does not offer renovation loans.

Why we like it

Pros

• Caters to self-service users who want to apply for a home loan online and talk to a human only as necessary.

• Estimates the loan amount you’ll qualify for within minutes.

• Offers document and asset retrieval capabilities.

Cons

• If you’re a “look me in the eye” type of customer, you’re out of luck.

• Getting a customized interest rate requires a credit check, which can lower your credit score by a few points.

Why we like it

Pros

• Provides a single point of contact during loan processing.

• Customized rate estimates are available before registering.

• Electronic document submissions and online updates.

• Services its loans after closing.

Cons

• Mobile app is only for current borrowers and can't be used to apply for a new loan.

• No retail branches.

• Charges an origination fee, which it says is typically $1,100.

Why we like it

Pros

• Get a 0.25% rate discount for having Chase personal checking or 0.5% rate discount with a Premier Platinum checking account.

• Convert all or part of the credit line's outstanding balance into a fixed rate and term.

• Discount introductory interest rate when taking an initial draw of $30,000 or more.

Cons

• Carries $50 annual fee unless you have a Chase Premier, Premier Plus or Premier Platinum checking account.

• Has a $50 origination fee.

• HELOCs not available in Alaska, Hawaii or South Carolina.

Why we like it

Pros

• Multiple draw methods.

• Line amounts from $10,000 to $1,000,000.

• No prepayment penalty on home equity loans.

Cons

• Below average customer satisfaction, according to J.D. Power.

• Branch locations in only about half of U.S. states.