See current PPP information here.  See our most recent COVID-19 information here.


University Federal Credit Union offers mortgages with competitive rates
local service to help you finance your new home. 

APPLY for a first mortgage loan

What is a First Mortgage Loan?

Not to be confused with a first-time home buyer loan, a first mortgage loan is simply the first or primary loan taken out to pay for a property. This means the first mortgage has priority over any other liens or claims in the case of a default. The biggest difference between a first mortgage loan and a first-time home buyer loan is a first mortgage does not need to be the loan for a borrower’s first home, but is simply the original mortgage taken on any property.

If you’re purchasing a home for the first time, you may benefit from other perks the first-time home buyer loan has to offer. However, if you have already purchased a home in the past and are ready to upgrade to a new one, the first mortgage loan is a great option.


university of utah mail box

Buying a new home is a big step–and an exciting one. If you’re purchasing a new home, you probably have many questions about whether to buy, what you can afford, and which type of mortgage to choose. Contact one of our mortgage specialists to help you complete the process!


Learn more about first time home buyer loans

First Mortgage Options

Buying a new home is a big step—and an exciting one. If you’re a first-time home buyer, you’ll have many questions about whether to buy, what you can afford, which type of mortgage to choose, and more.  We can help assist you in every step of the journey to owning a new home. To get started, apply for pre-approval, then contact one of our mortgage specialists to help you complete the process.

Get the loan you need for your dream home

  • Terms from 10 to 30 years
  • Borrow up to 95% of the value of your home
  • Competitive Rates

aPply for loan


MLS Home Search

Your dream home is waiting for you. Using our online MLS home finder, you can search through thousands of homes for sale in your area. 


Have questions or need assistance?

Contact a mortgage specialist now.

Loans subject to credit approval. See current rates and terms. Mortgage 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 3.875% APR and 30-year term is $456.13.  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.