The Best Mortgage Lenders in South Jordan, UT
Compare verified mortgage lenders serving South Jordan, Utah. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in South Jordan
Featured Mortgage Lenders
Mountain America Credit Union Mortgage Services
Mountain America Credit Union
Mountain America Credit Union stands out as one of the highest-rated mortgage lenders in South Jordan with deep community roots and exceptional member service. As a local financial institution with multiple branches throughout Utah, they offer personalized mortgage solutions with competitive rates and low fees. Their mortgage advisors provide comprehensive guidance through the entire home buying process, and they consistently receive outstanding reviews for their responsive communication and streamlined loan processing. With decades of experience serving Utah homeowners, they understand the local market dynamics and offer specialized programs for first-time homebuyers.
Loan Types:
Intercap Lending
Intercap Lending Inc.
Intercap Lending is a highly-rated regional mortgage lender headquartered in nearby Draper that consistently serves South Jordan homebuyers with exceptional service. They have built a stellar reputation for their expertise in complex loan scenarios and their ability to close loans quickly. The company receives outstanding customer feedback for their transparent communication, competitive rates, and knowledgeable loan officers who provide personalized attention throughout the mortgage process. With nearly 25 years of experience and multiple industry awards, Intercap has established itself as a top choice for Utah homeowners seeking reliable mortgage financing with local decision-making.
Loan Types:
Academy Mortgage
Academy Mortgage Corp.
Academy Mortgage maintains a strong physical presence in South Jordan with a local branch that serves the community with comprehensive mortgage solutions. As a Utah-based company with national reach, they combine local market expertise with extensive lending capabilities. They are particularly noted for their first-time homebuyer programs and educational approach to mortgage lending. Customers consistently praise their efficient processing, competitive rates, and the personalized guidance provided by their experienced loan officers. With three decades of operation and thousands of successful Utah mortgages, Academy has proven their reliability and commitment to customer satisfaction in the South Jordan market.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in South Jordan, UT
Are there any special down payment assistance programs for first-time homebuyers in South Jordan, Utah?
Yes, the Utah Housing Corporation (UHC) offers several statewide programs, like the FirstHome and HomeAgain loans, which are widely used in South Jordan. These programs provide competitive interest rates and down payment assistance in the form of a second mortgage that can be forgiven over time. South Jordan buyers should also check with local lenders about any city-specific or county initiatives that may occasionally be available.
How does South Jordan's property tax rate affect my monthly mortgage payment?
South Jordan is located in Salt Lake County, which has a relatively average property tax rate for Utah, typically around 0.6% to 0.7% of assessed value. Your lender will calculate an escrow payment for taxes as part of your monthly mortgage payment. It's important to note that property taxes here can increase with home value appreciation and new city bond initiatives, so budgeting for potential escrow shortages is wise.
What is a typical down payment percentage for a conventional loan on a South Jordan home given the local market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in South Jordan's competitive market secure conventional loans with 5%, 10%, or 15% down. Given the median home price in South Jordan, a lower down payment can help with affordability, but you'll need strong credit and stable income to compete, and you will pay PMI until you reach 20% equity.
Are there specific mortgage considerations for buying a home in one of South Jordan's many master-planned communities like Daybreak?
Yes, when buying in a master-planned community, you must factor in Homeowners Association (HOA) fees, which can be significant ($100-$300+ monthly) and are a required part of your debt-to-income ratio calculation for loan approval. Some communities may also have specific covenants or special assessment districts that lenders will review. Always ensure the HOA is in good financial standing.
How do mortgage rates in South Jordan, UT, compare to national averages, and what local factors influence them?
Mortgage rates in South Jordan are primarily set by national markets, so they align closely with national averages. However, your specific rate will be influenced by local competition among lenders, your financial profile, and the type of property. Utah's strong economy and South Jordan's desirable status can sometimes lead to competitive lender offers, but also mean a faster-paced market where rate locks are crucial.
Nearby Cities
Explore mortgage lenders in cities near South Jordan, UT
Why Choose a Mortgage Lender in South Jordan?
Local Market Knowledge
Lenders who understand South Jordan'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 South Jordan and get competitive rates on your home loan.