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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

Finder rating 3 / 5 ★★★★★

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.

Best online experience

Better

See rates
on Better's secure website

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.

Best for first-time homebuyers

Rocket Mortgage

See rates
on Rocket Mortgage's secure website

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.

Best marketplace

LendingTree

See rates
on LendingTree's secure website

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.

United Wholesale Mortgage

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.

Best customer service

Synergy One Lending

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.

Best for a wide range of credit scores

Mr. Cooper

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.

Best rates

Provident Funding

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.

Best Regional Lender

Mountain America Credit Union

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.

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

Compare top brands by home loan type, state availability and credit score. Select See rates to provide the lender with basic property and financial details for personalized rates.

Name Product Loan products offered State availability Min. credit score
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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