Do you need a partner to hold your hand as you seek to buy, build or refinance your home in Utah? Well, look no further. For a first-time buyer, we are with you in every step of the exciting journey to acquiring you a new home to ensure quality service and client satisfaction.  Our representatives offer a spontaneous reply and guides you step by step through various services, rates, and providers.

A mortgage home that makes your journey easy, ensuring you have a home to call your own.  After you make an offer, fill your mortgage loan application, review credit, and gather documents needed for pre-approval.

With St. George Utah Mortgage Loans, Your Dream House Is Made A Reality.

Need a match for your credit ratings to put you in a home of your desire? We turn your miles into smiles by letting you know your pocket-friendly option and progress with ultimate confidence. The specialty services we offer include reverse home mortgage, housing loans and mortgage in Utah.

A reverse home mortgage is a loan for seniors age 62 and older. Is it really a sabotage of your own hard-acquired wealth? On the contrary, I’d say it is an insurance of its kind as it can save you thousands of dollars. After retirement and you need funds to sustain you, reverse home mortgage is salvage. Our reverse home mortgage uses a home’s equity as collateral to get a client loans that he or she may use for any home renovations, medical and living expenses. As per the agreement, the loan is generally paid after the youngest borrower on the title is deceased or vacates the home. Upon sale, any heir receives the remaining equity. As such, it may be a savings journey to secure your future!

Utah housing loan gives you sufficient access to funds to cover any house expense at lower interest rates, lower monthly payments or pay off for your debt faster. In the case of refinancing, we walk you through every variable so that you understand that the choice is yours. As always, theirs for everyone and our client’s satisfaction is our number one priority. Once the application is satisfactorily filled in and reviewed, a quick final approval for a close onto your dream home. Prior to the closing, the closing disclosure is delivered to you, our esteemed client for the final agreement review and signing.

Utah Home Loans Guarantees Efficiency And Quality Services To New Buyers

For the smooth exchange of funds, the title deed company is usually involved in the compiling of all the documents required. For the new buyers, this is where your keys are handed over to you. In the scenario of a refinance, this is where the new housing mortgage goes into effect. Utah home mortgage offers a faster financing method than any conventional means.

The Utah home mortgage is the crème partner that befits every client’s desire and supports them in realizing and achieving their dreams. If you’re looking for an adventure as you seek to settle, consider Utah your best poised partner for it. With us, the pledge to serve our clients and always be present as your listening and caring partner.

For the experience of a lifetime that you’ll live to value and vouch for, worth every cent you spend, don’t hesitate to get value for your money. For the future you would like so much to give to your nuclear, extended family and close related friends, make them a right referral to the right service providers: Utah home mortgage for reverse home mortgage, housing loans and home mortgage.

Secure Your Future With St. George Utah Mortgage Plans

Start your exciting journey with us! If you can dream it, then let us help you acquire it, build it, refinance it and secure your future with the lowest rates, least monthly payments and a quicker solution accustomed by you to pay off your debts. Utah simply gives you the best deals in the St. George market. Always ready when you are, to make a professional partnership that secures your future.

What are you waiting for? Go on, get in touch with Utah home mortgage for the deals of your lifetime. Dare to be the change that you will be proud of, from the baby steps of acquiring your own dream home to living in it. We provide affordable rates on Reverse Morgages.

The Ultimate “Before You Get a Mortgage” Guide and Checklist

The thought of acquiring your own home can create an illusion of a dead-simple task until its time for the real action. The idea of a beautiful backyard and the kids having enough playing room does sound enticing, but getting there is not easy. The cornerstone of successfully buying a home is the purchasing process, and more so, the mortgage acquisition. There are steps you need to follow when acquiring a mortgage for your home instead of just taking a nosedive. This article offers key, systematic mortgage acquisition process plus all the mortgage options at your disposal.

1. Conduct Thorough Research On The Home You Want.

Before you even start thinking about the finances, it is wise to have a clear picture of what you are looking for.  Take a spin through real estate magazines and buying guides, and familiarize yourself with the diversified real estate markets. This will come in handy since some mortgage options depend on the cost and type of home you are purchasing.  It is also advisable to seek navigational advice from realtors since they can help you steer clear of markets with unflattering buying standards.

2. Get A Credit Score Report ( Prequalification)

I’m sure most home buyers often think that this is a no brainer, and yes, they are right. Most people, however, may not understand why most mortgage acquisition guides emphasize this step. The prequalification process revolves around checking in with your potential mortgage creditors to determine how much they are capable of lending you. This is almost entirely dependent on your repayment capabilities, which they peg to your current income and available savings. The earlier you do this, the better for you because high credit scores can pave way for favorable mortgage payment rates. In addition, being conversant with your credit score will put you in the light in regard to the options of your house. The good news is that keeping tabs with your credit reports is such a breeze today, especially with the prevalence of sites such as Karma and Credit Karma and credit sesame. 

3. Work On Improving Your Credit Scores.

When it comes to acquiring a mortgage, a good credit score can be your knight in shining armor. Having more than 36% lodged in any revolving loans is a turn off for many lenders. Any unpaid loans, be it car loans or credit card debts may have impactful ramifications on your credit score. In order to fine-tune it and score more points in the eyes of your lender, consider paying off all your current debts and taking a detour from any more swiping. Avoid any more loan acquisitions and account openings. Since taking care of lingering credit issues can be one daunting task and can derail your effort of purchasing your dream house, it is better you do this before time elapses.

4. Analyze The Available Mortgage Programs.

Typically, by this time most hopeful homebuyers have an idea of the price variations of the houses they can buy. The next step is to analyze the available mortgage options because so many factors come into play. You can consult a mortgage professional if you want to avoid the frustrations that usually company this process.  This particular step raises fundamental questions, with some of them being:

  • The repayment periods. Depending on how long you plan to hold the loans, opt for mortgage programs that are accommodative in this regard.
  • Down payment rates. It’s a rule of thumb that you need to make a down payment before purchasing a home. Ensure you understand the implications that a specific down payment option may have on your loan’s lifespan. You can opt for high (20% or more) or as low as 3.5% if you settle for the FHA mortgage. when making a down payment, don’t forget that and each option comes with its pros and cons. Don’t make a gamble though, do your research on your loan type and the private mortgage insurance and you’ll be good to go.
  • Interest rates.  Home buyers generally want affordable interest rates. Thanks to the availability of mortgage creditors such as S.t Georges Lenders, home buyers can enjoy such incredulous benefits.

5. Make An Application.

Once you’ve compared potential lenders and have identified the mortgage program that best suits your needs, you can proceed and make an application. The more applications you make the better since you will have more loan estimates to weigh down. After you commit to a specific lender, Ensure you provide all relevant documentation relating to your debts, assets and current cash flows in order to smoothen the process. After everything from the loan estimates, closing the transaction averages at 45 days, and once the deal is closed, you’ll be closer to buying your ideal private sanctuary. 

Ensure you prepare adequately before applying for a mortgage. Remember it’s a loan with slightly more zeros than the ones you have, so planning is a prolific idea. Visit the St. Georges lenders website for enticing and effective lending rates.

9 Clever Ideas for Buying a Home with Little To No Down Payment

Down payment will have potential homebuyers splitting hairs on whether it’s worth their scratch or not. Truth is, there are unlimited misguided concepts surrounding down payments and its high time we shed some light. It’s not as bad as you think it is. The infamous “20% down” is not the only down payment option at your disposal. Homebuyers are resorting to low or no down payment options when purchasing houses and you could consider it too. Below are a few clever ideas that will help you maneuver the home buying process with little or no down payment.

1. Consider the FHA loan.

The Federal Housing Authority is considered one of the best options for anyone who is avoiding exorbitant down payment options. Their down payments can go as low as 3.5% which is quite impressive. Today, homebuyers can borrow up to 96.5% of a home’s total value. The FHA mortgages are designed for low-income earners, hence the options for making your down payment are very flexible. Anything from savings to down payment assistance is welcome.

2. The VA loans.

If you want the burden of a down payment totally lifted off your shoulders, you should consider VA loans. The Department of veteran affairs, usually to US military veterans or their eligible surviving spouses, disburses the VA loans. In case you are seeking a mortgage for building a home and you belong to any of the above brackets, thin this is a clever path to follow. The ‘No down payment’ advantage does not come with extra costs such as insurance premiums. All you’ll need to pay is a small funding fee which is a one-time charge included in your loan balance.

3. USDA loans

These are no-down-payment home mortgages issued to home buyers in rural and suburban areas. If your residential area is not as modernized, then you may be eligible for one. The program is funded by the United States Department of Agriculture and has helped thousands of families to acquire homes.

4. The home ready down payment.

With the soaring prices of homes in the real estate market today, most people can’t afford to cough out large down payments. Home ready mortgages are those that lower their down payment rates by a fine margin. Usually, these loans are conventional loans with lower insurance premiums and are very flexible in terms of accepting financial gifts. Actually, you can use a gift to service your whole mortgage. The minimum credit score for qualifying for a home ready mortgage is 620 and you are good to go.

5. The ‘piggy bank’ loan

Is your credit score above average? I bet that’s great news because you are eligible for a piggy bank loan. You only get to cough a 10% down payment when closing the home mortgage procedure, hence most homebuyers find it affordable.

6. Use cash gifts.

Using financial gifts is always a prolific idea for funding your down payment. Financial gifts come in forms, from either friends or relatives. It can be money given to you on your birthday, wedding, or to wish you a long life. Keep in mind that the sources of these funds are very important to your mortgage creditor. They usually need a gift letter which verifies that you don’t owe that money back. They may also ask for additional proofs such as withdrawal and deposit slips, hence it is advisable to inform the giver prior.

7. Down payment assistance programs.

Setting off a down payment is difficult for most home buyers, and this prompts them to postpone their plans for buying a home. Well, what you may not be aware of is the fact that you don’t have to do it alone. There exist down payment assistance programs through which you can be helped to offset your down payment. Typically, these programs will provide you with part or all of the down payment funds. These programs are steered by charities, private companies and the state hence their structures vary. Once you meet their minimum credit score, some programs will offer you as high as 10,000 $, especially if you are a first-time buyer.

8. Homebuyer grants.

There are a couple of such grants across the U.S and their eligibility is very easy to attain. They help you counterbalance the costs of purchasing a home. They can do this through varied ways such as closing costs or partly funding your down payment. Thanks to federal funding, buying a home is now easier despite the shortages of homes, which lead to constantly rising prices. The government, through municipalities and individual states, offers first-time buyers grants to make the process easier for them.

9. Low Down Payment lenders.

In case you can’t find an affordable mortgage, then it’s possible that you are looking in the wrong direction. With lenders such as S.t Georges lenders, you can acquire mortgages with low down payments. You don’t have to be an AA first-time homeowner to qualify for one. Once your credit score, which varies from lender to lender is impressive you can purchase a home with such mortgages.

The Ultimate Guide to reverse home mortgage

The Ultimate Guide to Reverse Mortgages

When my friend, Tony started to reach his mid 50’s, the old back injuries he’d sustained decades ago, playing college football, started to flare up & get worse. Patrice, his wife, had been in Healthcare for her whole career & just knew as they got older & injuries & age caught up with them that they’d end up forking over quite a bit of money to pay for medical bills. They’d done what most Americans do, & had a good career & funded a 401K for a few decades, but the reality is, it’s just not enough when you factor in health issues & unexpected expenses. They knew they needed extra financing and chose to get a Reverse Mortgage. They planned to find financial backup so that they could be prepared for anything that might come up.  


Likewise, if you’re hitting your retirement years and you don’t want to, or can’t touch your lifetime savings yet, a reverse mortgage might be a lifesaving option for you like it was for Tony & Patrice.  


Let me explain a little more what a reverse mortgage is, and how it works. 

What is a reverse mortgage?

  • A reverse mortgage is an FHA insured loan allowing homeowners who are 62 years and above to get financing with no monthly repayments.  

Seniors can take advantage of a reverse mortgage and pay off a normal mortgage or use the equity in their home to finance their retirements.  

While a Conventional loan lets the homeowners access funds to purchase a property, a reverse mortgage works oppositely.  

This means that a reverse mortgage will let you withdraw a portion of the equity in a property that you already own, & there’s no repayment required on the reverse mortgage provided the homeowner keeps living in that property. 

How Does a Reverse Mortgage Work?

  1. How much can you borrow?

Although we’ve explained that reverse mortgage allows you to borrow against your home’s equity, you may not be able to borrow the full value of your property! But don’t let that discourage you, our friendly & knowledgeable Loan Officers go out of their way to find as many options as they can to help you get the financing you need. 


The amount that can be borrowed depends on the following: 


  • Current interest rates 
  • Age of the youngest borrower or the eligible nonborrowing spouse 
  • The appraised property value 
  • The FHA set reverse mortgage limit 
  1. How will the amounts borrowed be paid out?

The options for how to accept the borrowed funds vary depending on a few things. If the homeowner opts for a fixed interest rate, then they’ll be limited to receiving a single disbursement or a lump sum payment. 

 But if you chose a reverse mortgage with a variable interest rate, then some of the options include: 

  • Equal monthly payments so long as the property is a primary residence or at least one of the homeowners live in the property.  
  • Equal monthly payments for a fixed period of months that can be agreed upon ahead of time 
  • Choose a line of credit until the amount is exhausted 
  • Combination of line of credit plus fixed monthly payments for a set length of time  
  1. Reverse mortgage repayment info

The money borrowed via a reverse mortgage does not need to be repaid until the homeowner has passed on, or when the homeowner lives away for a period exceeding nine months or opts to move out.   

Note that the homeowner is protected from paying more than the amount borrowed in case the property value increases.  

If the property value at repayment time is higher than the amount borrowed, you or your heirs can keep the difference.  

What Do I have to do to Qualify for a reverse mortgage?

Now that you understand a little better what the reverse mortgage is, you’re probably wondering how to apply for one.  

Like I mentioned above, you do need to be 62 or older, but even if your spouse isn’t 62 yet, you can still apply for one!   

There are some additional requirements, such as: 


  • Prove that you own the property outright 
  • Agree to pay off any outstanding mortgage balances 
  • Property must be your primary residence and remain your primary residence. 
  • Keep up on the property taxes, homeowner’s insurance premiums, resident association fee’s and other obligations, such as maintenance & whatnot. 

What Makes a Reverse MOrtgage a Better Option compared to different housing loans?

  • The borrower is not obliged to make monthly repayments towards the loan balance
  • The funds can be used on different living expenses, as debt repayment or even paying your healthcare expenses 
  • It is a convenient option if you are looking for the best approach for financing your retirement
  • Non borrowing spouse is allowed to live in the home after the borrower is dead
  • Enjoy quick disbursement, as requirements are less strict compared to conventional Utah home mortgage options

Are you looking for the best Reverse home mortgage lenders in Utah? Come to Staples Group for quick and efficient reverse mortgage application process.