Condo Loans in Utah
If you’re looking for a space of your own without all the upkeep, condos are the perfect solution. Whether it comes down to the convenience of location or condo ownership as a financial opportunity, purchasing a condominium is a great alternative. University Federal Credit Union offers competitive condo loans that can help you get into your new home.
Condominium Loan Features
UCU offers competitive condo mortgage rates that will give you the best options for your loan, such as:
- Borrow up to 100% of the value of the home
- Flexible term options (5 to 30 year terms)
- First Time Homebuyers eligible for 100% financing
- VA financing eligible up to 100%
- FHA and Conventional Financing available up to 100%
With these features and benefits, you know you’re getting the best rate possible for your new home.
Apply for a Condo Loan Today
If you’re ready to purchase a home, but don’t want all the upkeep of a house, a condo is the best alternative. Our mortgage specialists are happy to help you find the right loan for you, and will secure a competitive condo mortgage rate. Start by applying today!
Have Questions or Need Assistance?
Loans subject to credit approval. See current rates and terms. Condominium financing will require a minimum of a 3% down payment. For example a $100,000 loan approved at 97% of value would require a down payment of $3,000. The minimum payment for a $97,000 loan with a 4.00% APR and 30-year term is $463.09. This payment example does not include taxes and insurance. Your actual payment may be higher. The monthly obligation will be determined by the total loan amount at the time of closing and the term and interest rate of the loan. See our Loan Calculators for specific examples.