You’ve scrolled home listings like it’s your full-time job. You’ve taken tours. You have opinions about kitchen islands. The only thing standing between you and that open-concept beauty now is a simple mortgage loan that gets you in the door.

At Utah First, we believe homebuying should come with more happy dances and fewer headaches. As your lender, we’ll guide you down a straightforward path to homeownership with competitive rates, flexible terms, and a friendly, local team that cares about helping you find the right mortgage fit for your life.

Whether it’s your first home or your tenth, we’ll help you make the leap from “just looking” to “homeowner” with zero judgment and all the support you need.

What’s a Conventional Mortgage?

A conventional mortgage is a home loan that isn’t backed by the federal government (like FHA or VA loans), but it is one of the most popular ways people finance homes. Why? Because if you’ve got solid credit and a decent down payment, conventional loans come with perks like low rates, flexible terms, and a blissfully Personal Mortgage Insurance (PMI)-free life when you put 20% down.

These loans are funded by private lenders and follow the rules set by Fannie Mae and Freddie Mac, two government-sponsored agencies that keep mortgages affordable and consistent across lenders.

In short, a conventional mortgage loan is classic, simple, and built for borrowers with strong credit.

Benefits of Conventional Mortgages

If you’re in a good spot financially, these loans reward you with more control, fewer fees, and a whole lot less stress.

Here’s what makes conventional loans a fan favorite:

• Enjoy lower monthly payments as a fist bump for solid credit.
• Skip PMI entirely when you bring 20% to the table.
• Shop your dream property — condo, cabin, castle — without restrictions.
• Jump through fewer hoops and fast-track your way to home sweet home.

Who’s a Good Fit for a Conventional Loan?

This might be your mortgage match if:

• Your credit score is decent to downright dazzling (620 or better)
• You’ve got 5% to 20% ready for a down payment
• You’re buying a primary residence, second home, or investment property
• You want to skip the PMI and save a little cash

If that sounds like you (or could with a little help), we’ve got your back.

Why Choose a Utah First Conventional Mortgage?

Mortgages are a big deal, but that doesn’t mean they need to feel like one. We’re here to help you conquer the mortgage process like a pro — even if this is your first time financing at this level.

Utah First brings the same energy, clarity, and friendly flair to conventional loans as we do to everything else. And with competitive rates and clear communication, you’ll wonder why people get their mortgages anywhere else!

Here’s why our conventional mortgages are different (and better):

• Competitive Fixed & Adjustable Rates: Do you prefer fixed for peace of mind? Adjustable for potentially lower payments upfront? Either way, we’ve got great rate options.
• Flexible Terms: 15 years? 20? 30? We’re not here to judge your commitment level. We’re here to make it work for you.
• Low Fees and Transparent Costs: We don’t do fine-print gotchas. What you see is what you pay.
• Local Decisions, Fast Closings: Local decisions = faster closings = happier homeowners. We get things done in Utah. Fast.
• Personalized Service: We treat you like a friend, taking the time to learn your name, your goals, and probably your pet’s name, too.

The Utah First Mortgage Experience

We’re big believers in making homebuying a breeze. That’s why our mortgage process is straightforward, supportive, and built around you from the first click to the final signature.

Here’s how it works:

1. Apply Online or In-Person
   Start from the comfort of your couch, car, or office chair through our easy mobile app — or pop into a branch for the full-service smile treatment.
2. Get Pre-Approved Fast
   We’ll crunch the numbers for you in a day or less, so you know exactly how much home you can swing. That pre-approval confidence boost helps you shop smart, too!
3. Close Quickly
   We handle everything locally, so you’ll enjoy faster processing times and fewer headaches.
4. Move In and Celebrate!
   Then comes the fun part. Unpack your stuff, blast your playlist, and toast your new mortgage. You did it!

Make Your Move With Utah First. Literally.

Your dream home doesn’t have to stay a dream. We’ll help you lock in a great rate, cut through the clutter, cruise to closing, and start your next chapter with a conventional mortgage that works for you.

Reach out online or visit your nearest branch to get started today!

APR = Annual Percentage Rate. All rates subject to change without notice.

*The rate we are providing is the lowest Annual Percentage Rate (APR) available to most qualified members. The actual rate and payment amount you receive will reflect your individual circumstances and may be higher than the rate and payment amount disclosed.

Rates based on credit history, collateral criteria, term of loan, and other criteria. Loans subject to all Credit Union policies and procedures. All loans and lines of credit require a separate application and credit approval. Terms and conditions are subject to change. Other restrictions may apply.

FAQ

What credit score do I need to qualify for a conventional mortgage?

620 gets you in the door. Higher scores unlock better rates. Either way, we’ll work with you. You’re more than a credit score!

How much do I need for a down payment?

As low as 3% works. But if you can swing 20%, say goodbye to PMI and hello to lower monthly payments.

Do I have to pay private mortgage insurance (PMI)?

If you’re putting down less than 20%, PMI is part of the deal. But once you hit that 20% equity mark, it can usually be removed. Utah First will keep you in the loop!

Can I use a conventional loan to buy a second home or investment property?

You bet. Conventional loans are super flexible! You can use them for second homes, investment properties, or that Airbnb side hustle you’ve been dreaming about.

What’s the difference between fixed-rate and adjustable-rate mortgages?

A fixed-rate mortgage keeps your interest rate the same over the life of the loan. An adjustable-rate mortgage starts at a lower rate but can change after a set period.

Fixed rates are great if you like consistency. Adjustable rates start lower but can change. We’ll help you decide what fits your future plans.