The Best Mortgage Lenders in Brian Head, UT
Compare verified mortgage lenders serving Brian Head, Utah. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Brian Head
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender known for its exceptional customer service, competitive rates, and extensive loan options. With over 28 years in business, they have a strong reputation in southern Utah and serve Brian Head with expertise in both primary residences and vacation homes. Their high customer satisfaction scores and personalized approach make them a trusted choice for mortgages in the area.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is renowned for its fast processing times, transparent communication, and excellent customer support. With 16 years of experience, they offer a wide range of loan products and have a solid presence in southern Utah, including service to Brian Head. Their commitment to community involvement and competitive rates makes them a reliable option for homebuyers.
Loan Types:
New American Funding
New American Funding
New American Funding is a highly rated lender praised for its personalized service, diverse loan options, and strong community ties. With over 21 years in the industry, they serve Brian Head and surrounding areas with expertise in various mortgage types, including programs for first-time buyers. Their high customer satisfaction and competitive rates ensure a smooth lending experience.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Brian Head, UT
How does Brian Head's status as a ski resort town impact mortgage lending and property types?
Lenders often classify many Brian Head properties as "non-warrantable" condos or second homes, which can require larger down payments (often 20-30%) and have stricter lending criteria. You'll find a high concentration of condominiums and townhomes, and lenders will closely review the financial health of the HOA, especially its reserves for snow removal and maintenance, before approving a loan.
Are there specific loan programs beneficial for buying a primary residence in Brian Head?
Yes, Utah Housing Corporation offers down payment assistance and favorable rates for primary residences statewide, which can be valuable in Brian Head. However, to qualify, you must occupy the home as your primary residence year-round, which is less common in this resort community. For a primary residence, you may also explore USDA Rural Development loans, as Iron County is eligible, offering 100% financing.
What should I know about insurance requirements for a Brian Head mortgage?
Lenders will require robust hazard insurance that specifically includes coverage for heavy snow load (roof collapse), ice dam damage, and liability for slips and falls. Given the extreme snowfall, you should also confirm that your policy adequately covers sewer line freeze-ups and includes loss assessment coverage for HOA master policy deductibles, which can be substantial.
How do mortgage rates in Brian Head compare to the rest of Utah?
Rates for primary residences are generally consistent with state averages. However, for the prevalent second-home or investment property loans, you can expect a rate premium of 0.25% to 0.75%. Furthermore, loans for condos in large, resort-focused complexes may carry additional adjustments due to lender-perceived risk, making it crucial to shop lenders familiar with the market.
What unique closing costs or fees should I anticipate when getting a mortgage in Brian Head?
Beyond standard fees, budget for a specialized appraisal that accounts for the resort market and comparable sales, which can be more expensive. You will also encounter higher title insurance premiums due to the property value and may need to pay specific HOA transfer fees, capital contribution fees, and potentially set up an escrow account for high-cost utilities like propane.
Why Choose a Mortgage Lender in Brian Head?
Local Market Knowledge
Lenders who understand Brian Head'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 Brian Head and get competitive rates on your home loan.