Fast Home Loans with Local Approval and Great rates!
If you’re thinking of a new home or about refinancing your existing home we can help with quick financing. We can also do your construction loan. For quick local approval and processing give one of our local home loan experts a call. See Mortgage Loan Staff information.
Let us Save you Money on a Home Loan!
One of the most important investment decisions you will make is owning a home. Lately, with rates moving up from historical lows talking to a local mortgage loan expert is more important than ever.
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.
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
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.
For quick approval and processing give one of our home loan experts a call. Get contact information here.
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.
When considering a Home Equity Loan please review the following information from the CFBP (Consumer Financial Protection Bureau) and the FRB (Federal Reserve Board).
Home Loan Rates
|First Mortgage||30 year fixed||Contact CU for current rate|
|First Mortgage||15 year fixed||Contact CU for current rate|
|2nd Mortgage||10 year fixed||Contact CU for current rate|
|Home Equity Line of Credit||Variable||as low as 5.00%|