The Best Mortgage Lenders in Lehi, UT
Compare verified mortgage lenders serving Lehi, Utah. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Lehi
Featured Mortgage Lenders
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a highly-rated lender with a strong local presence in Lehi, known for its competitive rates, personalized service, and extensive loan options. With over 25 years of experience, they have built a reputation for reliability and customer satisfaction, offering in-person support through their Lehi office. They are praised for their efficient processing and commitment to helping Utah residents achieve homeownership.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a top-rated lender serving the Lehi area with a focus on community engagement and fast loan closings. Founded in 2008, they offer a wide range of mortgage products and are known for their excellent customer service and local loan officers. Their high ratings reflect a track record of transparency and support for homebuyers in Utah, making them a trusted choice for mortgages.
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New American Funding
New American Funding, LLC
New American Funding is a reputable lender with a strong national presence and dedicated service in Lehi, offering diverse loan options and competitive rates. With over 20 years in business, they are recognized for their inclusive lending practices and high customer satisfaction. They provide local support through Utah-based loan officers, ensuring personalized assistance for homebuyers in the area.
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Frequently Asked Questions
Common questions about mortgage lending in Lehi, UT
What are the current mortgage rates like in Lehi, UT, and how do they compare to the national average?
Mortgage rates in Lehi are generally competitive with national averages but can be influenced by Utah's strong economy and high demand for housing. As of recent trends, rates in the Salt Lake County/Utah County area may be slightly lower than the national average due to a competitive local lending market. It's always best to get quotes from multiple local lenders, including credit unions like America First, which have a strong presence in the area.
Are there any down payment assistance programs specifically for first-time homebuyers in Lehi?
Yes, first-time homebuyers in Lehi can access the Utah Housing Corporation's (UHC) FirstHome loan program, which offers competitive interest rates and down payment assistance in the form of a second mortgage. Additionally, the Salt Lake County HOME Down Payment Assistance program may be available to eligible buyers in Lehi, providing grants to help with down payment and closing costs.
How does the rapid growth and "Silicon Slopes" tech presence in Lehi affect mortgage lending and home values?
Lehi's status as the heart of "Silicon Slopes" drives high demand for housing, leading to faster-than-average home price appreciation. Lenders in the area are very familiar with appraising properties in this dynamic market and may offer specialized loan products for tech employees. This growth also means your debt-to-income ratio is scrutinized closely, as lenders want to ensure you can afford payments in a potentially volatile high-cost market.
What should I know about property taxes and homeowners insurance when budgeting for a mortgage in Lehi?
Property taxes in Utah County, where Lehi is located, are relatively moderate but have been increasing with home values. The effective property tax rate is approximately 0.55-0.60% of assessed value. For insurance, due to Lehi's proximity to wildfire-prone foothills and its rapid growth, it's wise to shop around, as premiums can vary significantly and impact your total monthly mortgage payment (PITI).
Are there specific mortgage considerations for buying a new construction home in one of Lehi's many master-planned communities?
Absolutely. Many builders in communities like Traverse Mountain, Thanksgiving Point, or Daybreak have preferred lenders who may offer incentives like closing cost credits. However, it's crucial to get your own independent pre-approval to compare terms. Be aware that construction timelines can affect your rate lock period, and lenders familiar with Lehi's developments can guide you through the unique draw process for construction loans if needed.
Nearby Cities
Explore mortgage lenders in cities near Lehi, UT
Why Choose a Mortgage Lender in Lehi?
Local Market Knowledge
Lenders who understand Lehi'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 Lehi and get competitive rates on your home loan.