First Mortgages

We would love to help you get into your new home

If you are in the market for a home, we can help! Whether it’s your first home or your third, we have the financing you need to get into your new home.

Get the loan you need for your dream home

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

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.

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*Construction: Loans subject to credit approval. See current rates and terms. Construction financing will require a minimum of a 5% down payment. For example a $100,000 loan approved at 95% of value would require a down payment of $5,000. The minimum payment for a $95,000 loan with a 3.49% APR and 30-year term would be approximately $276.29 for the first 12 months during the interest-only period, and then approximately $426.06 after the end of interest-only period.  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.  

*HELOC: University Credit Union HELOC's have a 10 year draw period followed by a 10 year repayment period. Minimum line of credit is $5,000 with a $100 minimum advance. Fees will be incurred if HELOC is closed within 24 months of its origination date.  You may prepay you loan at any time without penalty.  In the case of Home Equity Line of Credit (HELOC), Equity Loan, or a no-fee first mortgage loan, we may require repayment of the hard costs if the loan is paid off within the first two years.

Not a member of University Credit Union yet? Here are some reasons to join:

Member-owned - We’re owned by our members, so our only purpose is to serve you

Local to Utah - We care about, serve in, and invest in our local community

Loyal to You - The decisions we make are to serve you, our members, not a for-profit board

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