Goldenwest Credit Union is Utah’s best source for home loans.
If you’re in the market to purchase a new home, or simply want to refinance an existing home loan to a lower rate or shorter term, Goldenwest Credit Union can help you get the best mortgage available on the market.
Goldenwest offers several types of mortgage programs and real estate loans to meet the needs of our broad member base.
Conventional Fixed Rate Mortgage
A conventional fixed rate mortgage can have terms beginning at five years up to 30 years. With a fixed-rate mortgage, your monthly payment will remain constant for the life of the loan. Conventional mortgages require a low down payment.
Adjustable Rate Mortgage
An Adjustable Rate Mortgage, or ARM, generally begins with an interest rate that is 2% to 3% below a comparable fixed-rate mortgage. The interest rate may adjust to a higher or lower percentage over the life of the loan as market conditions change.
Federal Housing Administration (FHA) Mortgage
A FHA home loan is sponsored by the U.S. Government to assist first-time borrowers and low-to-moderate income borrowers qualify for a mortgage. This type of loan features a reduced interest rate as well as a lower down payment requirement.
Utah Housing Mortgage
Utah Housing is a state program designed for first time home buyers, single parents, and others who have not owned a home in the immediate past three years. Members who meet the income and credit requirements can receive a low fixed rate and 100% financing, including closing costs.
Veterans Administration (VA) Mortgage
Active duty U.S. Military, veterans and reservists may apply for a VA mortgage. Members who qualify will benefit from reduced rates, lower fees and no down payment requirement. Rate reductions are also available for mortgage refinances.
A reverse mortgage is a loan made to a homeowner who is at least 62 years-old and wishes to convert the equity in their home to cash. Unlike a home equity loan, the homeowner does not make monthly payments to the lender. In fact, with a reverse mortgage, monthly payments are made by the lender to the homeowner. A reverse mortgage isn’t repayable until the borrower no longer occupies the home as their principal residence.
Refinancing your existing mortgage to a shorter term can save you thousands of dollars in interest payments. Goldenwest offers first mortgages at competitive rates with varying terms ranging from five to 20 years. View short-term mortgage rates here.
Also Available From Goldenwest Credit Union:
If you’re thinking about building or buying a new home, then it’s a good time to meet with a Goldenwest mortgage originator. They can help you get preapproved on a home loan and give you an estimate of how much home you can afford. Our mortgage professionals can even recommend real estate agents and contractors.
For your convenience, you may begin the mortgage application process by clicking here.