Top 5 VA Lenders in Utah 2019
If you’re an active or retired member of the United States Armed Forces looking to purchase a home in Utah, there are some amazing mortgage solutions available to you. Utah is home to around 3 million people, and with today’s mortgage rates as low as they are, the housing market is ready for serious home buyers. Home values have increased by roughly 14.4 percent between December of 2017 through 2018 and are forecasted to rise another 6.7% through 2019.
The rising home values make it essential for home buyers on the market for a mortgage loan to do everything they can to keep their housing costs as low as possible. Getting a great mortgage would probably be the best place to start. And, since VA loans offer amazing benefits that include low interest rates, zero down payment requirements, no prepayment penalties, and no required mortgage insurance, they’re often some of the most desirable loans for current or ex-military home buyers like you.
In this article, we’ll review the best VA approved lenders in Utah and how they can help you on your quest to home ownership.
#1 Utah VA Lender: Academy Mortgage Corporation
Academy Mortgage Corporation has been around since 1988, and has made a name for themselves on a national scale. The company is committed to responsible lending practices, especially with the ever-changing economy of today.
Unlike many mortgage brokers around, Academy Mortgage Corporation has the advantage of being a direct mortgage lender. This means that they handle all loan processing, underwriting, closings, and funding at their local branch offices.
Being a direct lender, means being able to close mortgage loan transactions as efficiently and quickly as possible, sometimes even in a matter of days! With the security and efficiency of their in-house loan origination and management, they are one of the best when it comes to speedy and affordable VA financing!
#2 Utah VA Lender: Gateway Mortgage Group
Gateway Mortgage Group may have only been around since the year 2000, but in that short space of under 2 decades, they have grown into one of the largest privately held mortgage companies in the country. According to them, their success comes as a direct result of their dedication to originate home loans combined with their passion for strengthening families.
The Gateway Mortgage Group team takes special care to put down roots in whatever communities where they have branches. This “localization” helps them to better do their jobs by providing a deeper understanding of the communities they are a part of, and the families that reside within them. In turn, they are able to tailor unique, personalized home loans for their clients.
Gateway Loan Officers are experts at loan origination, and know just how to cut all of the tension and stress associated with a mortgage transaction out of the picture completely.
#3 Utah VA Lender: Axia Home Loans
A company after our own hearts, Axia Home Loans operates on the basis of educating the home buyers who choose them both before and during the mortgage process. According to them, A comfortable closing is their goal.
Closings, of course, can be a rough time for any home buyer, but the specialists at Axia are more than capable of creating an environment where the home buyer is confident and ready to for anything. Axia’s loan officers specialize in customer satisfaction, so at no point should a home buyer ever feel as though they have no one to turn to.
User reviews show that past clients are mostly impressed by the companies dedication to providing excellent service and advice to its client base. The level of knowledge and determination will surely be more than capable of getting even the most difficult home loan transactions closed.
#4 Utah VA Lender: Quicken Loans/Rocket Mortgage
The amazing team over at quicken loans has truly set the standard for the online mortgage experience. Rocket Mortgage (a division of Quicken Loans) and Quicken Loans have made the otherwise long and tedious process of VA financing as simple and straightforward as possible.
The online VA loan process is highly geared towards a more streamlined user experience. Progress on the status of an VA loan application can be easily tracked online, and there are even specialists standing by to help with any issues that may arise during the transaction including any that deal with an applicant’s Certificate of Eligibility.
The service even keeps applicants posted with any documentation they may have forgotten or still need to provide. The really impressive part happens to be the support staff that can be reached by phone or through the website that is always standing by to offer their advisory services and answer any questions a potential borrower may have.
#5 Utah VA Lender: Guaranteed Rate
A Kingpin of the online mortgage trend that plays a large role in Government-Insured financing is Guaranteed Rate. Their participation in the digital mortgage wave leaves many other platforms lacking by comparison.
Guaranteed Rate is extremely experienced with the origination of VA loans. The ability to offer VA financing through one of the best digital mortgage platforms available makes them serious competition to other VA lenders, and highly favored among repeat and first time home buyers. VA loan products are among the highest selling loans through Guaranteed Rate.
The online platform makes securely uploading the important financial documentation requested for a loan approval fast and easy. Borrowers can even check their credit scores through the service, rather than go elsewhere. Guaranteed Rate is one of the rare few digital mortgage platforms where a mortgage loan can be closed without ever needing to speak with someone unless requested by the home buyer.
Shop Around Before You Get a Utah VA Loan
Our picks for the best VA lenders in Utah may not necessarily represent the best lender for your financial situation, goals, and desires. Everyone’s story is unique, and sometimes the best mortgage terms can be found in the most obscure places. Regardless of experience or lack thereof, the best plan of action is to shop around with multiple lenders to find out which one can provide the ideal mortgage solution that comes with the terms and affordability that best suits any particular financial situation.
While looking at reviews can be a huge help, getting a one on one consultation could mean saving thousands. If you’d like some help in locating the best VA lender in your area, don't hesitate to contact a home.loans mortgage expert!