Conventional Home Mortgage Loans in Ogden and all across Utah Made Easy!
A conventional Utah home mortgage is a mortgage in which the underlying terms and conditions meet the criteria set out by Fannie Mae and Freddie Mac. Approximately half of all mortgages issued in Utah are conventional mortgages. Or, to put it another way, Fannie Mae and Freddie Mac guarantee and/or purchase about half of all mortgages.
Types of Conventional Home Mortgages Available in Utah
Conventional loans can be either Fixed or an adjustable rate. Fixed-rate mortgages have a set interest rate for the entire length of the mortgage term which can be between 10 and 30 years. An adjustable-rate mortgage (ARM) has a term of 30 years with a low introductory rate for a fixed period followed by periodic adjustments according to a specific benchmark, typically a specific LIBOR or a T-Bill index.
We provide mortgage services for clients across Utah including:
Ogden, Salt Lake City, West Valley City, Provo, West Jordan, Orem, Sandy, St. George, Layton, South Jordan, Lehi, Millcreek, Taylosville, Logan, Murray, Draper, Bountiful, Riverton, Herriman, Spanish Fork, Roy, Pleasant Grove, Kearns, Tooele, CottonwoodGet in touch