Compare Mortgage Rates

  • Refinance
  • Home Purchase
  • Home Equity
  • Debt Consolidation

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Include 1st & 2nd mortgages plus any equity loans or credit lines
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Verisign

Utah Mortgages at a glance

Average 25th Percentile 50th Percentile 75th Percentile
Loan Amount $201,558 $127,500 $172,500 $225,000
Property Values $275,802 $62,500 $215,000 $315,000
Average LTV 78.1%
Percent Refinance 84.9%
Pct of Refis Cashout 12.0%

Utah Mortgage Rates

Be prepared to ask many questions as you search for the best rate Utah mortgage. You'll probably run across terms you don't know, including concepts like 10/1 adjustables, balloon mortgages, FRMs, and HELOCs. Fortunately, you can learn almost anything about mortgages at Mortgageloan.com. The articles and definitions are great research tools covering many topics, including first mortgages, second mortgages, debt management, and equity loans. The mortgage calculators allow you to experiment with mortgage loan types, risk-free.

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Rate Map for Utah

This Utah Rate Map lets you see what sort of mortgage rates other borrowers around the state have been able to obtain. Each individual marker represents a single mortgage loan.

Use the map to find out what sort of mortgage rates borrowers were able to get in with various credit scores, loan amounts, loan-to-value ratios and other factors, and in various communities around the state.

This rate map project is our effort to help make the mortgage process more transparent for all borrowers. If you’d like to participate, just click on the “Share Your Rate” link above the map to anonymously share the mortgage rate you were able to get on a recent loan. Your fellow consumers will thank you!

NOTE: MortgageLoan.com cannot guarantee the accuracy of the data provided as it is submitted by our visitors.

Mortgage Loans

Be prepared to ask many questions as you search for the best rate Utah mortgage. You'll probably run across terms you don't know, including concepts like 10/1 adjustables, balloon mortgages, FRMs, and HELOCs. Fortunately, you can learn almost anything about mortgages at Mortgageloan.com. The articles and definitions are great research tools covering many topics, including first mortgages, second mortgages, debt management, and equity loans. The mortgage calculators allow you to experiment with mortgage loan types, risk-free. You can also view current market rates for different loan types, or even request a personalized rate quote from lenders. If you'd rather contact Utah lenders directly, you can find their contact information in the Utah broker directory.

Subprime

Subprime mortgages are loans that are offered to borrowers with low credit scores. Each lender has its own guidelines for deciding whether a borrower is subprime. As a general guideline, if your credit score is in the low-600s, you might be subprime or very close to it. In that case, finding a good mortgage lender might be a little more challenging. You'll want to talk to lots of prospects, and avoid any lender that makes you feel uncomfortable about your situation. Use every available resource at your disposal, including mortgage calculators, to compare your mortgage quotes. Ultimately, you're the one who has to decide what you can and can't afford.

Interest Rates

Your search for the best rate mortgage will be more efficient if you know what factors are going to influence your rate. First off, the factors that you can control include:

  • Your qualifications. Lenders use your income and credit history to determine how risky you are as a borrower. More risk means a higher interest rate.
  • The loan type. Loans with delayed repayment (such as interest-only mortgages) have higher interest rates.
  • The loan amount. High-dollar loans are more expensive that low-dollar loans. Loans in an amount greater than 80 percent of a home's value are also more expensive.
  • There's also one big factor that you can't control-the economy. Interest rate changes related to the economy are often cyclical and gradual.

Comparing

As the song goes, "Utah! This is the Place!" With its rugged outdoors and great housing, Utah is the place to call home, as well as the place to find a great deal on your mortgage. You'll be able to find that mortgage with a little help from the Utah broker directory and Mortgageloan.com's calculators. These mathematical assistants can help you decide how much to borrow, what type of loan you need, whether you should consolidate debt into your mortgage, and much more.

Once you begin submitting loan applications and receiving written mortgage quotes, you can return to the calculators to compare your options. Note that a pre-qualification letter from a lender is just an estimate, while an approved loan application usually generates a written quote and temporarily locked-in rate.