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Zions Bank offers a nice slate of mortgage options to borrowers in Utah and Idaho with the personalized service of a local, regional bank. But you’ll need to contact a loan officer or start the application process to learn the full extent of what it offers.
FHA : 580
Minimum credit score
Minimum down payment (Conventional)
Only available in: ID, UT
|Loan products offered||Conventional, Jumbo, FHA, Home Equity/HELOC, Refinance|
|Minimum credit score||Conventional :620|
FHA : 580
|Minimum down payment (Conventional)||3%|
|State availability||Only available in: ID, UT|
Heather Petty is a personal finance writer at Finder, specializing in home and personal loans. After falling victim to a disreputable mortgage broker when buying her first home, she’s on a mission to help readers avoid similar experiences when managing their own finances. A self-proclaimed word nerd, her writing and analysis has been featured on MSN, Credit.com and MediaFeed, among other top media. Heather previously worked as a technical writer and editor for the casino systems industry and is an internationally published young adult mystery author. She earned a BA in English with a minor in journalism from the University of Nevada, Reno.
Zions Bank offers a nice range of mortgage products for a regional bank, with an online application that lets you start the process on their website. The bank promises a faster approval because of its local underwriting process. But whether that is true for most customers can be hard to determine, as the bank doesn’t have many reviews online. It also doesn’t provide many mortgage specifics, making it hard to research if Zions is a good option for you unless you’re willing to fill out an application.
Zions Bank is not currently available on Finder
Have you considered First Horizon?
Multiple mortgage programs available in 12 states with no pre-payment fee.
You have to contact a loan officer or go through the online application process to determine Zions’ mortgage loan requirements. But generally you can expect lenders to require:
If you choose an FHA loan, you may face different requirements, such as a 580 minimum credit score and down payment options as low as 3.5%.
Zions doesn’t list its documentation requirements, but generally you’ll need to gather the following information before applying for a mortgage:
Zions Bank doesn’t disclose specifics of the fees it charges, but generally your loan costs will include the following:
This lender doesn’t charge a rate-lock fee or an application fee.
Follow these steps to start your application.
Zions Bank offers most of the loans you’d expect to find at a regional bank. But if you’re looking for a government-backed loan, this lender only offers FHA options.
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It’s difficult to find reviews of Zions Bank online. As of July 2022, Trustpilot has no reviews, and the Better Business Bureau (BBB) has only three, all about its banking practices.
Zions Bank has an A+ rating from the BBB with 23 answered complaints in the past three years. None of the visible complaints are related to mortgages.
Weigh out the perks and drawbacks of using Zions Bank.
Zions Bank is a regional bank with offices and ATMs in 10 states across the West and Southwest. The bank was founded 147 years ago in Salt Lake City, Utah.
Zions Bank President and CEO Scott Anderson signed on to the Utah Compact on Racial Equity, Diversity and Inclusion in the Fall of 2020, which recognizes systemic racism and commits to an action plan to create a legacy of equal opportunity for people living in Utah. Regarding the compact, Anderson told KUTV, “This compact provides an important opportunity for us as Utahns to unify in rededicating ourselves to the work of ensuring equity for all.”
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