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.
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.
The Beehive State is full of busy people. If you’re buying or refinancing a home in Utah, it’s hard to find time to research the various lenders. We’ve done the homework, identifying some of the best lenders in Utah for borrowers’ different needs.
Here are the top lenders in Utah for first-time home buyers, borrowers with low credit scores or small down payments, folks who want to apply online and homeowners who want to borrow against their home equity.
Best Utah Mortgage Lenders
Lender ▾ ▾ | NerdWallet Rating ▾ ▾ | Min. credit score ▾ ▾ | Min. down payment ▾ ▾ | National / regional ▾ ▾ | Learn more |
|---|---|---|---|---|---|
4.5/5 Best for low down payments | 660 | 5% | National | ||
4.5/5 Best for home equity lines of credit | 620 | 3% | National | ||
3.5/5 Best for lower credit score borrowers | N/A | 3.5% | National | ||
4.5/5 Best for home equity lines of credit | 680 | 3% | National | ||
4.5/5 Best for low down payments | 620 | 3% | National | ||
5.0/5 Best for first-time home buyers | 620 | 3% | National | ||
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 | |
5.0/5 Best for online experience | 620 | 3% | National | Learn moreat Pennymacat Pennymac | |
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: NMLS#399802
660
5%
National
- 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.
- Doesn't offer renovation loans that roll costs into a mortgage.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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
- 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.
- 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.
- 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.
- Mortgage origination fees tend to be on the high end, according to the latest federal data.
Our pick for
first-time home buyers
- 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.
- Doesn't offer home equity loans.
- 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.
- Does not offer home equity loan products.
- Origination fees tend to be higher, according to the latest federal data.
Our pick for
online experience
- 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.
- Origination fees are on the higher end, according to the latest federal data.
- Doesn't offer home equity lines of credit or renovation loans.
- 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.
- 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.
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
