The Best Mortgage Lenders in Moab, UT
Compare verified mortgage lenders serving Moab, Utah. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Moab
Featured Mortgage Lenders
Zions Bank Mortgage Department
Zions Bank
Zions Bank maintains a strong physical presence in Moab with a local branch that offers comprehensive mortgage services. As a regional bank founded in 1873 with deep roots in Utah, they understand the unique real estate market in rural and resort communities like Moab. Their local loan officers have extensive experience with the area's diverse property types, from primary residences to vacation homes and investment properties. Customers praise their personalized service, competitive rates for Utah residents, and expertise in navigating the specific challenges of Moab's real estate market.
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Mountain America Credit Union Mortgage Services
Mountain America Credit Union
Mountain America Credit Union operates a full-service branch in Moab and is highly rated for mortgage lending throughout Utah and surrounding states. With competitive rates for members and exceptional customer service ratings, they specialize in helping both local residents and those purchasing second homes in the Moab area. Their mortgage advisors are known for guiding borrowers through the entire process with clear communication and local market knowledge. The credit union offers various special mortgage programs and is particularly strong with first-time homebuyer assistance and construction loans.
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Castle & Cooke Mortgage
Castle & Cooke Mortgage, LLC
While based in the Salt Lake City area, Castle & Cooke Mortgage consistently ranks as one of Utah's top mortgage lenders and actively serves the Moab market. With exceptional 4.7-star ratings across multiple review platforms, they're praised for their efficient processing, competitive rates, and expertise with Utah's diverse property types. Their loan officers have extensive experience with Moab's unique market characteristics, including rural properties, vacation homes, and the area's specific appraisal challenges. The company maintains strong relationships with local real estate professionals and offers a wide range of loan products suitable for Moab's varied housing needs.
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Frequently Asked Questions
Common questions about mortgage lending in Moab, UT
Are there specific loan programs in Moab that help with the high cost of housing in a tourist-driven market?
Yes, the Utah Housing Corporation offers several statewide programs, like the FirstHome and HomeAgain loans, which provide competitive interest rates and down payment assistance. These are particularly valuable in Moab, where median home prices are significantly higher than the state average. Local lenders are also familiar with USDA Rural Development loans, as much of Grand County qualifies, offering 100% financing options for eligible buyers.
How does Moab's seasonal tourism economy affect mortgage approval for self-employed or seasonal workers?
Lenders will typically require a two-year history of stable self-employment or seasonal income, averaging your earnings over 24 months. It's crucial to have strong tax returns and documentation. Working with a local Moab lender who understands the ebbs and flows of tourism-based income (from guiding, hospitality, etc.) can be beneficial, as they can help properly present your financial profile.
What are typical down payment requirements for a condo or townhome in Moab, given the popularity of vacation rentals?
For condos in projects where a high percentage of units are vacation rentals (non-warrantable condos), lenders often require a minimum of 20-25% down. This is common in Moab's resort-style complexes. It's essential to have your lender review the condo project's HOA documents early in the process to determine eligibility for conventional financing.
Does Moab have any city or county-specific down payment assistance programs for first-time homebuyers?
While Moab itself does not have a city-specific program, Grand County occasionally administers grants funded by the Olene Walker Housing Loan Fund. Availability varies. The most consistent assistance comes from the statewide Utah Housing Corporation programs, which are actively used by Moab buyers to help bridge the affordability gap in this expensive market.
How do property types like homes with accessory dwelling units (ADUs) or land parcels impact financing in Moab?
Financing a home with a legal ADU is generally straightforward with a conventional loan if the ADU is considered part of the single-family residence. For raw land or land-with-construction loans, local and regional banks in Moab are often the best source, as they understand the local land market. They typically require a larger down payment (often 20-50%) for land-only purchases.
Why Choose a Mortgage Lender in Moab?
Local Market Knowledge
Lenders who understand Moab'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 Moab and get competitive rates on your home loan.