The Best Mortgage Lenders in Clearfield, UT
Compare verified mortgage lenders serving Clearfield, Utah. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Clearfield
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong local presence in the Salt Lake Valley, serving Clearfield and surrounding areas. They are renowned for their fully digital mortgage process, competitive interest rates, and high customer satisfaction scores. With over two decades of experience, they offer a wide range of loan products and personalized service, making them a preferred choice for homebuyers in Davis County. Their commitment to technology and efficiency ensures a smooth borrowing experience.
Loan Types:
New American Funding
New American Funding, LLC
New American Funding is a diverse and highly-regarded mortgage lender with a dedicated office in South Jordan that actively serves the Clearfield community. They are known for their inclusive lending practices, competitive rates, and exceptional customer service, particularly for first-time homebuyers and diverse borrowers. With two decades of experience, they provide a comprehensive suite of loan options and are praised for their responsive support and local market expertise in the Utah region.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a highly reputable lender with a strong presence in Utah, including service to Clearfield residents. They are celebrated for their competitive rates, extensive loan products, and unwavering focus on customer satisfaction. With nearly three decades of experience, their local loan officers possess deep knowledge of the Utah housing market, offering personalized guidance and efficient processing. Their consistent high ratings and community involvement make them a trusted partner for mortgages in the area.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Clearfield, UT
Are there any special down payment assistance programs for first-time homebuyers in Clearfield, Utah?
Yes, the Utah Housing Corporation (UHC) offers several statewide programs, like the FirstHome and HomeAgain loans, which are widely used in Clearfield. These programs provide competitive interest rates and down payment assistance in the form of a second mortgage that can be forgiven over time. Additionally, some lenders in Davis County may offer local grants or matched savings programs specifically for buyers in the area.
How does being near Hill Air Force Base impact the mortgage and housing market in Clearfield?
The presence of Hill Air Force Base creates a consistent demand for housing from military personnel and civilian contractors, contributing to market stability. Many lenders in Clearfield are exceptionally familiar with VA loans, and you'll find a high concentration of VA-approved properties. This specialization can mean faster processing and more competitive terms for veterans and active-duty service members using their VA home loan benefit.
What are typical property taxes for a home in Clearfield, and how do they affect my mortgage payment?
Davis County, which includes Clearfield, has property tax rates that are generally moderate for Utah. The exact rate will depend on the specific taxing entities for your property's location. As of recent years, the effective tax rate in Clearfield often falls between 0.6% to 0.7% of a home's assessed value. Your lender will calculate this into your monthly escrow payment, and it's a key factor in determining your total monthly housing cost.
Are there specific loan considerations for buying a newer home in Clearfield's growing developments versus an older home in the established central areas?
Yes, there are important distinctions. For newer construction in subdivisions like those near the Freeport Center, builders often have preferred lenders offering incentives, but it's wise to shop around. For older homes in established neighborhoods, an FHA 203(k) renovation loan might be a valuable tool to finance both purchase and updates. Also, some older areas may have smaller lot sizes, which can affect appraisal comparisons.
How competitive is the mortgage rate environment in Clearfield compared to the national average?
Mortgage rates in Clearfield are primarily driven by national economic factors, so they closely align with national averages. However, your specific rate will depend heavily on your personal financial profile (credit score, debt-to-income ratio) and the lender you choose. Working with a local mortgage broker who has strong relationships with multiple lenders can sometimes help you secure a more favorable rate or terms by shopping your loan locally.
Why Choose a Mortgage Lender in Clearfield?
Local Market Knowledge
Lenders who understand Clearfield'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 Clearfield and get competitive rates on your home loan.