The Best Mortgage Lenders in Ogden, UT
Compare verified mortgage lenders serving Ogden, Utah. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Ogden
Featured Mortgage Lenders
Intercap Lending
Intercap Lending Inc.
Intercap Lending is a highly-rated mortgage lender based in Utah, serving Ogden with over 25 years of experience. They are renowned for exceptional customer service, competitive rates, and a wide range of loan options. Their strong local presence and personalized approach have earned them numerous positive reviews for reliability and efficiency in the home financing process.
Loan Types:
Academy Mortgage Corporation
Academy Mortgage Corporation
Academy Mortgage is a Utah-based lender with a strong national footprint, highly regarded for its competitive rates, extensive loan programs, and efficient processing. They have a significant presence in Ogden and are praised for their customer-centric approach, community involvement, and ability to handle diverse mortgage needs with professionalism and expertise.
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Caliber Home Loans
Caliber Home Loans Inc.
Caliber Home Loans is a reputable national lender with a strong local presence in Utah, serving Ogden with a focus on transparency and customer satisfaction. They offer a variety of mortgage products and are known for their competitive financing options, streamlined processes, and positive customer feedback regarding their responsive service and reliable support.
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Frequently Asked Questions
Common questions about mortgage lending in Ogden, UT
Are there any special down payment assistance programs for first-time homebuyers in Ogden?
Yes, Ogden homebuyers can access several programs. The Utah Housing Corporation (UHC) offers down payment assistance and competitive rates, often with no first-time buyer requirement. Additionally, the Ogden City Homebuyer Assistance Program provides up to $10,000 in forgivable grants for income-eligible buyers purchasing within city limits to help with down payment and closing costs.
How do property taxes in Weber County affect my mortgage payment in Ogden?
Weber County property taxes are a key component of your monthly escrow payment. The average effective property tax rate in the county is approximately 0.58% of a home's assessed value, which is slightly below the Utah state average. When calculating your total monthly mortgage payment (PITI), lenders will factor in these taxes, which can be a significant amount given Ogden's rising home values.
What is a typical down payment needed for a conventional loan on an Ogden home given the local market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many Ogden buyers successfully purchase with 3%, 5%, or 10% down on conventional loans. Given the median home price in Ogden is more accessible than in Salt Lake City, a lower percentage down payment can result in a manageable loan amount, but you should budget for PMI if putting down less than 20%.
Does Ogden's location in an earthquake-prone area affect the mortgage process?
Yes, it can. Lenders will require earthquake insurance as part of your homeowner's insurance policy, which will increase your monthly escrow payment. This is a standard requirement in Utah due to the Wasatch Fault. You should shop for this coverage early, as it impacts your debt-to-income ratio calculation and overall housing budget.
Are there specific loan programs or considerations for buying a historic home in Ogden's older districts like the East Central Bench?
Yes, purchasing in Ogden's historic districts may involve special loan considerations. Some properties might not qualify for standard FHA 203(b) loans if they need significant repairs. In such cases, an FHA 203(k) rehabilitation loan or a conventional loan with a renovation escrow could be necessary. It's also wise to work with a lender familiar with local appraisal processes for historic homes.
Why Choose a Mortgage Lender in Ogden?
Local Market Knowledge
Lenders who understand Ogden'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 Ogden and get competitive rates on your home loan.