Mortgage Loans

Young couple shopping for a new home with realtor and their daughter

Home Loans

Let us Save you Money on a Home Loan!

One of the most important investment decisions you will make is owning a home. And with today’s market conditions there’s never been a better time to buy. Rates are still at historic lows and most sellers are motivated.

Whether you’re a first-time home buyer or a seasoned veteran looking to refinance, Utah Heritage Credit Union has the right mortgage loan for you. Our mortgage programs come with competitive rates and low fees, and our Certified Mortgage Loan Officers will help you navigate the process from application to closing.

Benefits of Financing at Utah Heritage

  • We have in-house financing.
  • Loans are approved locally.
  • We have access to secondary funding.
  • Our Mortgage Loans Officers are local, certified and experienced.
  • We’ll save you money on the rate and the closing costs.

What Next?

Check our Mortgage Rates

Calculate a Payment

Give us a call or stop by and we’ll get your loan started.

Quick Mortgage Application

 

Online loan application button

Estimate Your Payment

Use the following calculator to estimate your loan payment. To get your actual payment and APR, please get a good faith estimate from a Mortgage Loan Officer.

Mortgage and Business Lending Staff

image of Greg Sterner

Greg Sterner
Mortgage and Business Lending
268 S Main
Ephraim, UT 84627
T: (435) 283-8288 ext 130
C: (435) 851-9978
F: (435) 283-5266
NMLS # 596235

Image of Kamey, mortgage loan processor

Kamey Seely
Mortgage and Business Lending
268 S Main
Ephraim, UT 84627
T: (435) 283-8288 ext 123
F: (435) 283-5266
NMLS # 1780520

Image of Mike in the mortgage department

Mike Tanner
Mortgage and Business Lending
268 S Main
Ephraim, UT 84627
T: (435) 283-8288 ext 129
F: (435) 283-5266
NMLS # 583370

Image of Brandt, a mortgage loan officer

Brant Searle
Mortgage and Business Lending
268 S Main
Ephraim, UT 84627
T: (435) 283-8288 ext 128
F: (435) 283-5266
NMLS # 1019399

Framed new home

Construction Loans

Building a Home?

When building a new home, it’s always preferable to deal with a local professional. Someone you can deal with face to face when necessary. It can often be frustrating dealing with a loan officer over 100 miles away who not only doesn’t know you, but doesn’t know our area. With a Utah Heritage Credit Union construction loan, you can deal with a local and experienced loan officer. Even better, we can generally save you some money on fees.

Benefits of a Utah Heritage Construction Loan:

  • Easy draw process
  • Great rates
  • Low fees
  • Best of all, we’re local so you’ll get face-to-face interaction with your loan officer.

What Next?

Check our Mortgage Rates

Calculate a Payment

Give us a call or stop by and we’ll get your loan started.

Quick Mortgage Application

Online loan application button

New kitchen transforming from plans to reality

Home Equity Loans

Most Valuable Asset

Most of us live in our most valuable asset, our home. Borrowing against our home is often the least expensive way to borrow for necessary purchases. However, it is vital to know the possible consequence of mortgaging your home if you later have financial difficulties. Talking to an experienced financial advisor or loan officer can help you make this important decision.

Second Mortgage Loan

We’ve seen interest rates, on 1st mortgages, at historical lows over the past several years. Many members have locked into very attractive rates and keeping those loans in place often makes a 2nd Mortgage a good tool when you have a major purchase, home remodel or necessary repair. A 2nd Mortgages has a fixed interest rate and a term up to 10 years. When rates are relatively low, locking into a rate and knowing exactly what your payment is going to be for the entire length of the loan, is often a smart way to go.

Home Equity Line of Credit (HELOC)

A HELOC is a variable rate, open-end line of credit that you can draw on at anytime. It is often used when remodeling and can be accessed when money is needed. It can also be paid back quickly or relatively slowly if that makes sense for your situation. It’s also nice to have a HELOC in place if you ever have an extreme emergency or need a lot of money quickly.

How to Use a Home Equity Loan

Borrowing against your home should be reserved for major and important purchases. Some examples are:

  • Home improvements
  • Major home repairs

Home Equity Loans can also be used for the following:

  • Consolidate debt
  • Pay for major hospital bills
  • Once in a lifetime vacation
  • Once in a lifetime automobile

Using a Home Equity Loan is often the least expensive way to borrow, but be careful turning “unsecured” debt into “secured” debt. If you were to have serious financial problems in the future, not being able to pay could result in the loss of your home. Consult with your financial advisor or a good loan officer before borrowing.

What Next?

Check our Mortgage Rates

Calculate a Payment

Give us a call or stop by and we’ll get your loan started.

Quick Mortgage Application

Online loan application button

Valuable Information

When considering a Home Equity Loan please review the following information from the CFBP (Consumer Financial Protection Bureau) and the FRB (Federal Reserve Board).

CFBP Shopping for your home loan

CFBP Your home loan toolkit

FRB – What you should know about Home Equity Lines of Credit

New kitchen transforming from plans to reality

Home Loan Rates

Home Loans

Type
TermAPR
Effective 11/1/2019
First Mortgage30 year fixedContact CU for current rate
First Mortgage15 year fixed Contact CU for current rate
2nd Mortgage10 year fixed Contact CU for current rate
Home Equity Line of CreditVariableas low as 5.00%
APR is Annual Percentage Rate. All rates are on approved credit and based on your credit experience. Rates disclosed are our best rates. Your rate could by higher based on your credit history. Utah Heritage CU may acquire a security interest in the property purchased with borrowed funds. All rates are subject to change without notice.

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