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9 best mortgage lenders in Utah

Our top picks for low rates, refinancing, first-time homebuyers and customer service in the Beehive State.

Offering some of America’s most stunning landscapes and national parks, over three million people call Utah home. Over 70% of Utahans own their property and pay an average of $1,551 per month in ownership costs, including mortgage payments, taxes and utilities — around the national average.

According to Zillow, the average price of a house in Utah is $395,950 in February 2021. Home values in the state have gone up 12.6% over the past year, so if you’re looking to buy a property or refinance your existing mortgage, our top nine lenders are a good place to start your search.

Best Utah mortgage lenders in 2021

How we picked the best lenders

We handpicked these lenders from nearly 120 mortgage companies originating home loans in Utah. These top nine picks made our list after researching and comparing interest rates, first-time homebuyer programs, credit score eligibility, customer service and digital convenience.

We also read customer reviews from consumer rating sites like Zillow, Trustpilot and the Better Business Bureau (BBB) in making our decisions. To learn about our lender selection process, please see Finder’s rating methodology.

Best for refinancing

LoanDepot

LoanDepot logo
Finder Rating: 3 / 5

★★★★★

Go to site
at Loan Depot's secure site
Read review
620
Min. credit score
3.5%
Min. down payment

Founded in 2010, LoanDepot is one of the country's largest nontraditional lenders. With LoanDepot, you can either apply online or contact one of its 1,700 licensed lending officers across the US to get started.

LoanDepot has, on average, the best refinance of all lenders we compared in Utah. And its proprietary “mello software” platform can handle every step of the loan process electronically to help close your refinance mortgage faster.

  • Lifetime Guarantee. If you get a refinance mortgage with LoanDepot and refinance later, you're not required to pay any lender fees.
  • Excellent customer ratings. LoanDepot has a 5 out of 5 rating on Zillow, where customers report being thrilled with the service provided.
  • No steering policy. LoanDepot officers are required to adhere to a &ldquo
  • no steering&rdquo
  • policy to provide unbiased advice.
  • High origination fees. Borrowers may pay as much as 5% of the total loan amount in origination fees.
  • Rates not listed. LoanDepot requires you to go through the preapproval process to view your rates.
  • No HELOCs. If you want a HELOC, you'll have to go with another lender.
Loan types Conventional, Jumbo, FHA, VA, USDA, Home Equity, Refinance
Minimum credit score Conventional: 620
FHA: 580
VA: 620
Minimum down payment (Conventional) 3.5%
States available Available in all states

Best online experience

Better

Better logo
Go to site
at Better's secure site
Read review
620
Min. credit score
3%
Min. down payment

Better is a digital lender that aims to give borrowers a more streamlined online mortgage application process. Better offers conventional, jumbo, FHA and refinance loans and advertises its rates online, so you can quickly compare different offers.

As a digital lender, Better is available every day of the week, so start an application whenever you're ready. Get an instant loan estimate and log into your account anytime to get realtime information on your mortgage application.

  • No origination fees. Better never charges origination, application, processing or underwriting fees.
  • Fully digital process. Apply for a loan, lock in your interest rate and get your loan funded completely online.
  • Helpful website. Better's website offers helpful information, including current rates, calculator and homebuying guides.
  • Limited loan types. Better doesn't currently offer VA, USDA, construction or commercial loans or specialized loan products.
  • Loans are sold. Better is a secondary lender, which means your loan will be sold after closing.
Loan types Conventional, Jumbo, FHA, Refinance
Minimum credit score Refinance: 680
All other loans: 620
Minimum down payment (Conventional) 3%
States available Not available in: HI, MA, MN, NV, NH, VT, VA

Best for first-time homebuyers

Rocket Mortgage

Rocket Mortgage logo
Go to site
at Rocket Mortgage's secure site
Read review
620
Min. credit score
3%
Min. down payment

Rocket Mortgage is the digital version of Quicken Loans and is one of the top loan originators in the US. As a fully online lender, Rocket Mortgage is available 24/7, allowing you to apply for a loan without having to work with a loan officer.

Rocket Mortgage's interface can verify your assets electronically for a quicker and smoother application process. Get loan updates, access your documents and make payments online or with the Rocket Mortgage app after you apply.

  • Help is available. While Rocket Mortgage is a digital lender, you can contact the company for support.
  • Rates advertised. Rocket Mortgage advertises its current benchmark interest rates online.
  • Servicing after closing. In most cases, Rocket Mortgage will service your loan after closing.
  • Loans not listed. The Rocket Mortgage website doesn't list what types of loans it offers.
  • Not all loan types available. If you're after a USDA-backed loan, construction loan or a mobile home mortgage, you'll need to look elsewhere.
  • No HELOCs available. Rocket Mortgage doesn't offer HELOCs, only cash-out refinances if you want to tap into your home's equity.
Loan types Conventional, Jumbo, FHA, VA, Refinance
Minimum credit score Conventional: 620
FHA: 580
VA: 620
Jumbo: 700
Minimum down payment (Conventional) 3%
States available Available in all states

Best marketplace

LendingTree

LendingTree logo
Go to site
at LendingTree's secure site
Read review
620
Min. credit score
3%
Min. down payment

LendingTree is a financial marketplace that offers a simplified process to shopping for and comparing mortgage loans. Instead of researching lenders yourself, LendingTree finds you the best match from its database of over 1,500 partners.

To get started, visit the LendingTree website or download the company's mortgage app. Next, answer some questions and compare instant live offers from multiple lenders. Companies pay to be a part of LendingTree, so you never pay a fee to use the service.

  • Loan selection. LendingTree has a variety of loans, including conventional, FHA, VA and USDA loans, reverse mortgages and HELOCs.
  • More competitive offers. Because LendingTree's partners compete for your business, you may get a better rate.
  • Mortgage calculator. LendingTree's mortgage calculator breaks down your mortgage payment so you know exactly what you're paying for each month.
  • Spam calls reported. Some users report being unhappy with the number of spam calls received after providing their information to LendingTree.
Loan types Conventional, Jumbo, FHA, VA, USDA, Home Equity, HELOC, Reverse, Refinance
Minimum credit score Conventional: 620
FHA: 500
VA: 620
USDA: 640
Jumbo: 800
Minimum down payment (Conventional) 3%
States available Available in all states

Most popular

United Wholesale Mortgage

620
Min. credit score
3%
Min. down payment

United Wholesale Mortgage (UWM) is America's top wholesale mortgage lender based on loan volume. Through its partners, UWM offers both conventional and government-backed loans with rates as low as 1.99% as of February 2021.

As a mortgage wholesaler, you can't apply for a loan directly with UWM. Instead, you'll need to find a mortgage broker in your state who is approved to work with UWM and can act as your go-between with the company.

  • Conquest program. Offers rates as low as 1.99% for FHA and VA loans, conventional loans and refinances as of February 2021.
  • Faster close times. UWM averages two weeks or less from submission of your application to closing.
  • Online payments. You can make payments online if UWM services your loan after closing.
  • Must use a broker. To apply for a UWM loan, you must work with a mortgage broker or other intermediary.
  • Discount points. To obtain the lowest rate possible with UWM, you may need to purchase discount points.
  • Customer complaints. UWM has a 3.56 out of 5 rating on BBB, with 34 complaints closed in the past three years. While the bulk of complaints have no details, one customer complained of funds not transferring to the seller in a timely manner.
Loan types Conventional, FHA, VA, USDA, Refinance
Minimum credit score 620
Minimum down payment (Conventional) 3%
States available Available in all states

Best customer service

Synergy One Lending

620
Min. credit score
3%
Min. down payment

Synergy One Lending consistently gets high marks for customer service. The company offers its Modern Mortgage Experience, which strives to combine the best of mortgage technology with its team of loan officers.

Synergy One Lending offers a solid range of home loans, including conventional and government-backed loans, jumbo loans and reverse loans. You have the choice of applying for a loan online or with the S1 Connect app.

  • Excellent reviews. Synergy One Lending gets consistently high ratings from customers on Zillow and other sites.
  • S1 Connect app. Apply for a loan, upload and e-sign documents and track your loan all from your smartphone.
  • 10-day close offer. Synergy One Lending's 10-day close offer can help you compete with all-cash offers and is valid for Fannie Mae purchase loans.
  • Fees not listed. The Synergy One Lending website doesn't list costs or fees.
  • No HELOCs. If you want a HELOC, you'll need to look for another lender.
Loan types Conventional, Jumbo, FHA, VA, USDA, Reverse, Refinance
Minimum credit score 620
Minimum down payment (Conventional) 3%
States available AL, AR, AZ, CA, CO, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, MS, MT, NE, NM, OH, OK, OR, SC, SD, TN, TX, UT, WA, WI, WY

Best for a wide range of credit scores

Mr. Cooper

620
Min. credit score
5%
Min. down payment

Formerly known as Nationstar Mortgage, Mr. Cooper is a lender known for its credit score flexibility. The company offers a variety of loans, including conventional, jumbo, FHA, FHA streamline refinance, VA and VA IRRRL (Interest Rate Reduction Refinance Loan) loans.

While Mr. Cooper doesn't get particularly high marks for customer service or interest rates, it may be worthwhile to contact the company if a lower credit score is making it challenging to find a mortgage in Utah.

  • Close On Time Guarantee. If your qualifying loan doesn't close on time, you'll receive a check equal to your first month's mortgage payment.
  • User-friendly app. Mr. Cooper's mobile app can be used to make payments, track your home's value and more.
  • Won't sell your loan. Many lenders sell their mortgages after closing. With Mr. Cooper, you don't need to worry about this happening.
  • No USDA loans. Mr. Cooper offers FHA and VA loans, but no USDA loans.
  • Mixed reviews. While many customers report good experiences, others complain of poor service and communication.
  • No online application. The Mr. Cooper website doesn't offer an online application process.
Loan types Conventional, Jumbo, FHA, VA, Refinance
Minimum credit score Conventional: 620
Minimum down payment (Conventional) 5%
States available Available in all states

Best rates

Provident Funding

620
Min. credit score
3%
Min. down payment

Founded in 1992, Provident Funding's stated mission is to create a customer-oriented culture and low-cost business model in order to pass on industry-leading rates to its customers. Provident Funding has the lowest rates of all lenders we compared in Utah as of February 2021.

The company offers a standard range of mortgage loans for both first-time and experienced homebuyers, including conventional loans, jumbo loans and refinance mortgages. It also has the Home Possible Mortgage, with a lower down payment requirement for moderate-income buyers.

  • Mobile app. Provident Funding's mobile app lets you view live rates, manage your mortgage, make a payment and view account information.
  • Mortgage Benefit Program. After enrolling, this program offers members of your company a 0.25% discount off the cost of a home purchase or refinance.
  • Rates provided. Provident Funding advertises its current interest rates on its website for quick comparison.
  • Limited state availability. Not available in many states.
  • Mixed reviews. While many customers report positive experiences, the company has 1.8 out of 5 rating on BBB, with 27 complaints registered in the past three years. Customers complain of problems arising from financial mismanagement and service delays.
Loan types Conventional, Jumbo, Refinance
Minimum credit score Conventional: 620
Minimum down payment (Conventional) 3%
States available AZ, CA, CO, CT, FL, GA, IL, IN, KY, MA, MD, MI, MN, MO, NC, NJ, OH, OR, PA, SC, TN, TX, UT, VA, WA

Best Regional Lender

Mountain America Credit Union

620
Min. credit score
5%
Min. down payment

Mountain America is a fully member-owned, not-for-profit financial cooperative with 90 branches in five states. The credit union has multiple loan options, including conventional and government-backed loans, jumbo loans, lot and land loans, reverse mortgages and more.

To become a member of Mountain America Credit Union and apply for a home loan, you must meet certain residency or relationship requirements. But its requirements are inclusive, so it's worth checking if you qualify.

  • Multiple branch locations. The credit union has 49 retail locations in Utah.
  • Rates advertised. Mountain America lists current mortgage rates on its website for convenient comparisons.
  • Wide range of financial products. Offers a range of financial products, including savings and checking accounts, credit cards, SBA loans, business checking, retirement planning and more.
  • Membership requirements. To become a member in Utah, you must live in Salt Lake County, Duchesne County, Wasatch County or Uintah County, or meet other requirements.
Loan types Conventional, Jumbo, FHA, VA, USDA, Home Equity loans, Reverse, Refinance
Minimum credit score No information available, but most conventional mortgages require a minimum 620 FICO score
Minimum down payment (Conventional) 5%
States available Only available in: AZ, ID, MT, NM, NV, UT

Which lender is best for me?

With so many types of lenders available, you may wonder if you’ve found the right company for your needs. But it is possible to narrow down the choices by considering what’s most important to you.

Here’s how:

  • Consider all factors. While interest rates are important, also think about down payment and PMI requirements, points, the loan’s term length, closing costs and other fees.
  • Make sure the lender is a good fit. Do you want a traditional lender, a fully digital lender or something in between? Online reviews are helpful in determining if a lender will be a good fit.
  • Ask the lender questions:
    • What fees do they charge?
    • How long can you lock your rate?
    • How long will the process take?
    • Who is the contact person if you need help?
    • Will they sell your loan after closing?
    • Are there prepayment penalties?
  • Get several quotes. Always get a minimum of three quotes so you can compare offers and negotiate a better rate or lower fees.

Compare mortgage lenders and brokers

Compare these lenders and lender marketplaces by the type of home loan you're searching for, state availability and minimum credit score (for a conventional loan). Select See rates to provide the company with basic property and financial details for personalized rates.
Name Product Loan products offered State availability Min. credit score
Morty
(NMLS #1429243)
Morty
Conventional, Jumbo, Refinance
AL, AR, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, MD, ME, MI, MN, MS, MT, NC, NE, NJ, NM, OH, OK, OR, PA, SC, TN, VA, WA, WI, WV
660
Preapproval in minutes and closing in as little as 3 weeks with no origination fees.
SoFi
(NMLS #1121636)
SoFi
Conventional, Home equity, Refinance
Not available in: HI, MO, NM, NY, WV
620
No hidden fees, multiple loan terms, and member discounts available.
Rocket Mortgage
(NMLS #3030)
Rocket Mortgage
Conventional, Jumbo, FHA, VA, Refinance
Available in all states
620
Streamline your mortgage from quote to final payment — all from your computer or phone.
Better
(NMLS #330511)
Better
Conventional, Jumbo, FHA, Refinance
Not available in: HI, MA, MN, NV, NH, VT, VA
620
Online preapproval in minutes and no origination fees with this direct lender.
LendingTree
(NMLS #1136)
LendingTree
Conventional, Jumbo, FHA, VA, USDA, Home Equity, HELOC, Reverse, Refinance
Available in all states
620
Connect with vetted home loan lenders quickly through this online marketplace.
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Compare up to 4 providers

Average rates and fees in Utah

As of February 15, 2021, the benchmark 30-year fixed mortgage rate in the US is 2.86%. According to data from the Consumer Financial Protection Bureau (CFPB), most Utah lenders are offering interest rates at or below 2.75%, with rates in the state ranging from 2% to 3.75% as of this writing.

Additionally, you can expect to pay around $4,026 after taxes for closing costs, or approximately 1.01% to 1.34% of your home’s final sale price, according to data from ClosingCorp. For more information, see mortgage rates in Utah or Utah closing costs for more details on what you can expect to pay.

What about brokers?

Aside from the LendingTree marketplace and United Wholesale Mortgage, our list of Utah lenders are companies that underwrite mortgage loans directly to borrowers. However, if you don’t want to search for a mortgage loan yourself, a mortgage broker can do the work for you.

If you use a broker, expect to pay around .5% to 2% of your loan’s value in commissions. Be sure to choose a mortgage broker carefully, as some charge excessive fees. But with many lenders offering free prequalification online, you may discover that you can find a great rate on your own.

Bottom line

Whether you’re a first-time homebuyer or want to refinance your existing loan, there are many options available for different circumstances. If one lender doesn’t have the right mortgage for your needs, chances are another will. While our top Utah lender picks will be the right choice for many borrowers, compare more lenders to see other loans you may qualify for.

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