Buying a Home in Utah? We Have the Right Home Mortgage Loan for You!

Buying a home in Utah is one of the biggest financial decisions that you and your family will make. Whether you're a first-time homebuyer, or are looking to buy your next home, Blue Coral Financial will help you through the entire process. Whatever your income, we will help you find the correct loan for your situation.

We specialize in all types of Utah home mortgage financing, focusing particularly on Utah Housing loans, FHA loans and VA mortgage loans. We also specialize in home mortgage refinancing. Let us help make your dream of owning a home a reality!

We serve the state of Utah, including the following cities and their surrounding areas: Salt Lake City, Ogden, Provo, Park City and Sandy.

Utah Housing Loans:

A Utah Housing loan is set-up through a program with the Utah Housing Corporation. A Utah Housing loan allows a homebuyer to purchase a home in Utah with zero money down. With a Utah Housing loan you get a competitive fixed-rate mortgage. Click here to see today's mortgage rate at the Utah Housing Corporation.

FHA Loans:

An FHA insured loan is a Federal Housing Administration mortgage loan which is provided by a FHA-approved lender. An FHA loan is the most flexible of all mortgage loans and typically requires a 5% down payment.

Some of the basic requirements for this type of a loan are:
  • Two years of steady employment, preferably with same employer.
  • Last two years of income should be the same or increasing.
  • Credit report should typically have a minimum credit score of 620 or higher.
  • Bankruptcy's must be at least two years old, with perfect credit since discharge.
  • Foreclosure's must be at least three years old, with perfect credit since.
  • Your new mortgage payment should be approximately 30% of your gross (before taxes) income.
Home Mortgage Loan

If you meet the following criteria, it could be possible that an FHA loan is the right fit for you and your family.

VA Mortgage Loans:

If you are a Utah Veteran you may be eligible to receive the VA Loan Benefit as provided in your VA Benefits package.

Blue Coral Financial is an approved VA Loan lender and specializes in VA Loans. The great thing about a VA mortgage is that it is one of the only loan programs that still allows the borrower to finance 100% of the home's value and purchase with a $0 down payment.

Conventional Home Mortgage Loans:

Conventional home loans cover every loan that is not either insured by the Federal Housing Administration (FHA), or guaranteed by the Department of Veterans Affairs (VA).

Conventional loans are typically associated with down payments in the range of 5%-20%. With a conventional loan, you can purchase anything from a single family home to a four family home. If you are in the market for a conventional home loan, Blue Coral Financial is here to assist you.

Home Equity Loans:

If you live in Utah and are looking to leverage your home equity, we will get you the home equity loan you need. Have questions about applying for a home equity loan, just give us a call, our expert account reps will be able to assist you.