Conventional

Better interest rates, better loan terms—usually resulting in a lower monthly payment. Now, whats boring about that?

Conventional

Better interest rates, better loan terms—usually resulting in a lower monthly payment. Now, whats boring about that?

Conventional Loan Benefits

For those who meet the requirements, a conventional loan can be a great option.

Always talk with one of our experts to help you decide the best option for you.

  • person Down Payment Options Utah Mortgage offers conventional loan programs with down payment options as low as 5%, 3% and even 1% down.
  • person Competitive Mortgage Rates Good credit requirements for conventional loans offers you lower rates when compared to FHA loans.
  • person No MI with 20% Down Payment With conventional loans, a 20% down payment will allow for the option to remove mortgage insurance.
  • person No MIP at Closing FHA loans come with mortgage insurance premiums (MIP) that are built in over the course of the loan. When you close, there's also a one time upfront mortgage insurance premium due - currently 2.25% of the total loan amount. Conventional loans do not require this upfront premium.