Find Utah Mortgage Rates Online

Arch in UtahIf you are looking to purchase a starter home in Salt Lake City or refinance a rental duplex in Provo, use you can use the rate tables on this site to start your research. The mortgage lenders and brokers on ForTheBestRate.com offer a variety of fixed and adjustable rate home loan solutions to home buyers and homeowners in the Beehive State. From a 30 year fixed rate mortgage for a home in Orem to an investment loan for your property in Logan, find information on it all at ForTheBestRate.com.

How the rate tables on ForTheBestRate.com work

Everyday we receive interest rate information from a third party provider. The mortgage rates, closing costs, and APR information provided in the table is submitted directly by the various mortgage lenders, brokers and banks. We are not responsible for the accuracy of the rates supplied by the financial institutions. Rates may vary for multiple reasons such as the type of properties being financed (i.e. stick built homes, condominiums, manufactured homes, etc), how the owners plan to occupy the property (i.e. owner occupied, second home, or investment property), or multiple of other reasons. You can use the product dropdown tool to navigate between various fixed rate (30,20,15, and 10 year) and adjustable rate solutions (3/1, 5/1, and 7/1 ARMs). You can also view jumbo mortgage rates by entering in a non-conforming loan amount in the relevant field in the survey. We encourage you to speak with multiple mortgage companies directly to verify whether or not you may qualify for the listed pricing.

Other Places to Research Utah Mortgage Lenders and Brokers and Home Buyer Assistance Progams

Utah Association of Mortgage Brokershttp://www.uamb.org/
11650 South State Street Suite 350 Draper, UT 84020 PH: 801-891-5643

Utah Credit Union League – http://www.utahscreditunions.org/
1805 South Redwood Road Salt Lake City, UT 84127 801-972-3400

Utah Bankers Associationhttp://www.uba.org/
175 South Main Street Suite 1420 Salt Lake City, UT 84111 PH: 801-364-4303

Utah Mortgage Lenders Associationhttp://www.umla.org/
PO Box 1203 Pleasant Grove, UT 84062 PH: 801-363-1353

Utah Housing Corp – http://www.utahhousingcorp.org/
2479 South Lake Park Boulevard West Valley City, Utah 84120 PH: 801-902-8200

Community Development Corporation of Utah http://www.cdcutah.org/
501 East 1700 South, Salt Lake City, Utah 84105 801-994-7222

Types of Fixed Rate Mortgages Posted in the Rate Tables and Why to Consider Each One

  • 30 Year Mortgages – Most popular option in today’s marketplace. Loan is amortized over the course of 30 years (360 months) which keeps monthly principal and interest payments lower than shorter term fixed rate solutions. Interest paid over the life of the loan will be considerably higher than 10, 15, and 20 year financing products.
  • 20 Year Mortgages – Repayment is made over 20 years (240 months). Can be a good option for people who are worried about committing to the higher payments associated with 15 year mortgages but do not want to take on the longer repayment period and higher interest of a 30 year home loan.
  • 15 Year Mortgages – Second most popular fixed rate product after 30 year financing. Repaid over 15 years (180 months). Note rates are usually lower than what a home buyer or homeowner would get with a 30 or 20 year mortgage. On the flipside, monthly payments are higher as the repayment period is cut in half. Interest savings can be significant when measured against longer term fixed rate products.
  • 10 Year MortgagesShortest fixed rate mortgage program advertised in the rate tables. For those who can afford higher monthly payments, 10 year fixed rate financing can lead to considerable interest savings versus 30, 20, and 15 year home loans.