Wasatch Mortgage Solutions - Home Loan Programs - Conventional Home Loans

Conventional Home Loans

Conventional home loans are one of the most popular mortgage programs available. They cost less compared to other programs, don't require upfront mortgage insurance, and provide some of the fastest closing times. With conventional home loans, the monthly mortgage insurance falls off once you've reached 20% equity in the home; unlike government programs where the insurance continues for the life of the loan. Please give us a call if you'd like more details about our conventional home loans.

Conventional Home Loan Options

3% down payment, 30 year fixed rate mortgage, 4.034% annual percentage rate (as of 1/9/2020)

Note: The annual percentage rate is different from the interest rate. An annual percentage rate includes the interest rate and other costs, such as mortgage insurance. For interest rate info, please give us a call.

Conventional H.B.

Conventional High Balance Home Loans

Conventional loan for big homes | Jumbo Alternative | Mortgage Company in Utah

Conventional High Balance is an affordable mortgage option that can help you get a bigger home with a lower interest rate! Conventional High Balance loans allow you to finance up to $679,650 while providing:

Low interest rates
Fast closings
Easier guidelines and qualifications (compared to Jumbo loans)
Options without mortgage insurance premiums
Low down payment requirements (10% of the purchase price)

Conventional High Balance Home Loan Options

10% down payment, 30 year fixed rate mortgage, 5.489% annual percentage rate (as of 1/9/2020)

680 credit score required

Note: The annual percentage rate is different from the interest rate, an annual percentage rate includes the interest rate and other costs, such as mortgage insurance. For interest rate info, please give us a call.