Mortgage and Refinance Rates in Utah

Use our comparison table to compare refinance and mortgage rates in Utah

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Today's Rates In Utah

Searching for the best mortgage rates in Utah can be a challenge. There are literally hundreds of lenders, a crazy quilt of loan options, and all kinds of odd-sounding terms like APR, HELOCs, LIBOR, ARMs, PMI and more. Fortunately, has some great resources to help you learn just about everything you need to know about mortgages and buying a home.

Browse or search through our collection of consumer-focused articles to get the information you need to become a savvy borrower, use our wide variety of mortgage calculators to figure out the costs for various types of mortgage loans and situations, and use our rate request form, at the top of the page, to request personalized rate quotes from multiple lenders that are based on your credit and financial profile, be it for a home purchase, refinance or home equity loan.

Utah mortgage rates

Current mortgage rates for Utah are listed at the top of the page. But the rate you get may vary, based on your credit score, financial profile and the type of loan you're seeking.

Fortunately, shopping for a mortgage in Utah doesn't have to be that difficult. Though it's a big state, you don't have to look far to find lenders who do business where you live. Many Utah mortgage lenders do business online, so you can compare rates and loan offers from the comfort of your own home – they don't even have to have a branch office in your town.

The best mortgage rates you can get in Utah will depend on a number of factors, including your credit score, type of loan, down payment and other personal factors. There's also the lender you choose. Home loan rates in Utah vary from lender to lender, and each one prices their loans differently, depending on their business model. So you need to shop around – the Utah lender who may have the best mortgage rates for you may not have the best deal for your neighbor or in-laws – so you have to shop around.

The rate quote form at the top of this page makes it easy to shop around. Just indicate what sort of loan you're seeking and some other basic information, and you can get personalized offers from multiple lenders tailored specifically to you!

What affects your mortgage rate?

Your search for the best Utah mortgage rate 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. Home mortgage rate changes related to the economy are often cyclical and gradual.

Home mortgage loans

Conventional loans, the name often given to mortgages backed by Fannie Mae and Freddie Mac, are the most common type of residential mortgage in this country. They offer low rates and fees for borrowers with good credit and are available as a range of options – 30-year fixed rate, 15-year fixed rate, adjustable-rates, etc. Down payments can be as little as three percent for well-qualified borrowers, though you can get a better rate by putting down more.

Utah FHA loans

If you're a first-time homebuyer, you might consider an FHA loan. Down payments can be as low as 3.5 percent, making them attractive to borrowers with limited financial resources, and Utah FHA rates are very competitive – for borrowers with less-than-perfect credit, they're often better than you can get with other loan types. FHA loans also have less stringent credit requirements than conventional loans, making them easier to qualify for.

Mortgage refinance in Utah

Refinancing a mortgage is very similar to taking out a loan to buy a home – they are the same product. You're simply taking out a new mortgage and using it to pay off your old one. The main difference is that your home equity plays the same role in a refinance that a down payment does in a home purchase – representing your financial stake in the property, so the lender isn't assuming all the risk.

Utah refinance rates are pretty much identical to the rates on home purchase mortgages for a borrower with the same financial and credit profile. Borrowers who refinance have typically accumulated additional equity since they bought the home and may have improved credit scores as well, so they can often get a better rate when they refinance, relative to the market.

One way to get a better rate when refinancing is by choosing a loan with a shorter term. Many borrowers choose to refinance into a 15-year loan after several years of paying down a 30-year one. Utah mortgage rates on 15-year loans can be significantly lower than those on comparable 30-year ones, meaning you can sometimes shave several years off your mortgage with little or no change in your monthly payments. And paying your mortgage off several years faster means you can save thousands of dollars in interest payments.


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 or below, 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.


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'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.