The Best Mortgage Lenders in Bountiful, UT
Compare verified mortgage lenders serving Bountiful, Utah. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Bountiful
Featured Mortgage Lenders
Mortgage Solutions Financial
Mortgage Solutions Financial
Mortgage Solutions Financial is a highly-rated local mortgage brokerage serving the entire Wasatch Front including Bountiful. With exceptional 4.9-star ratings across multiple platforms, they specialize in personalized service and finding the best loan products for each client's unique situation. Their team of experienced loan officers has deep knowledge of the Bountiful housing market and offers competitive rates on all loan types, particularly excelling with first-time homebuyer programs and VA loans.
Loan Types:
Academy Mortgage
Academy Mortgage Corporation
Academy Mortgage is a Utah-based lender with strong local roots and national reach, consistently ranked among the top mortgage lenders in the state. Founded in Orem, Utah, they have extensive experience serving Bountiful homebuyers with competitive rates and efficient processing. Their local loan officers understand the unique aspects of the Davis County market and offer a wide range of loan products with particularly strong construction and renovation loan expertise.
Loan Types:
Cyprus Credit Union
Cyprus Credit Union
As one of Utah's largest and most established credit unions, Cyprus Credit Union has been serving Bountiful residents for decades with competitive mortgage rates and exceptional member service. Their local branch presence and community-focused approach make them a top choice for homebuyers seeking personalized attention. They offer special first-time homebuyer programs, low down payment options, and typically provide better rates and fewer fees than traditional banks due to their not-for-profit structure.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Bountiful, UT
Are there any down payment assistance programs specifically for Bountiful, UT, homebuyers?
Yes, Bountiful homebuyers can access the Utah Housing Corporation's (UHC) statewide programs, which are widely used in the city. These include the FirstHome loan with down payment assistance and the Score Loan for those with strong credit. Additionally, some lenders in Davis County offer specialized grants or matched savings programs for first-time buyers purchasing in Bountiful.
How do Bountiful's property taxes affect my mortgage payment and qualification?
Bountiful, located in Davis County, has property tax rates that are generally considered moderate for the Wasatch Front. Lenders will calculate your monthly escrow payment based on the specific tax rate for your home's location. It's important to note that property taxes are typically higher for homes in the Bountiful City School District compared to those in the Davis School District, which can impact your debt-to-income ratio and overall payment.
What is a typical down payment percentage for a conventional loan on a Bountiful home given the local market?
Given Bountiful's competitive housing market with median home prices above the national average, a 20% down payment is common to avoid private mortgage insurance (PMI). However, many buyers successfully purchase with 5%, 10%, or 15% down. For the popular neighborhoods near the foothills or with mountain views, a larger down payment is often necessary to make a competitive offer.
Are there specific mortgage considerations for buying an older home in Bountiful's historic districts?
Absolutely. Many charming homes in Bountiful, particularly in areas like the Historic District, were built before 1978 and may have unique financing considerations. An FHA 203(k) renovation loan or a conventional HomeStyle loan can be crucial for financing both the purchase and needed updates. Lenders will also require a thorough inspection for knob-and-tube wiring, outdated plumbing, or foundation issues common in older Utah homes.
How do local Bountiful lenders compare to big national banks for my mortgage?
Local credit unions like America First Credit Union or Cyprus Credit Union, which have strong branches in Davis County, often have a deep understanding of Bountiful's market and can offer competitive rates and more personalized service. They may also have more flexibility with underwriting for unique property situations common in the area. However, comparing rates and fees from both local and national lenders is always recommended to secure the best deal.
Nearby Cities
Explore mortgage lenders in cities near Bountiful, UT
Why Choose a Mortgage Lender in Bountiful?
Local Market Knowledge
Lenders who understand Bountiful's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Utah.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Bountiful and get competitive rates on your home loan.