Find Your Path to Homeownership with Local Mortgage Experts
Explore competitive rates and get personalized guidance for your Utah home purchase. Our mortgage team will support you from application through closing.
Simple Mortgage Options to Fit Your Homebuying Goals
Choose a fixed- or adjustable-rate mortgage with terms that fit your budget. Whether you’re buying your first home or your next, we’ll help keep the process simple.
Why Utah Homebuyers Choose Cyprus for Their Mortgage?
From application to closing, you’ll have clear guidance, competitive rates, and local support at every step.
Competitive Rates for Utah Homebuyers
A competitive mortgage rate can help make your monthly payment more manageable throughout the life of your loan.
Clear and Transparent Closing Costs
We’ll explain your costs and fees upfront, helping you plan with confidence before you reach the closing table.
Personalized Support from Local Mortgage Experts
You’ll have one mortgage specialist to answer questions, explain your options, and guide you from application through closing.
First Mortgage Rates
| Mortgage Type | Term | APR as low as |
|---|---|---|
| View current first-mortgage rates and get a personalized quote. | N/A | See Rates |
First-mortgage rates vary by scenario. View current rates and get a personalized quote through Cyprus Credit Union's mortgage quote experience.
Short & Sweet Mortgage
| Mortgage Type | Term | APR as low as |
|---|---|---|
| Short & Sweet Mortgage | 10 Year | 6.375% |
| Short & Sweet Mortgage | 15 Year | 6.625% |
| Cash-Out Refinance | See First Mortgage Rates | See Rates |
Rates are subject to change. Published terms describe an owner-occupied refinance with maximum 80% LTV, minimum 680 FICO score, and the displayed maximum loan qualification.
Second Mortgage
| Mortgage Type | Term | APR as low as |
|---|---|---|
| Fixed Rate 2nd Mortgage | 10 years | 6.49% |
| Fixed Rate 2nd Mortgage | 20 years | 6.99% |
Home Equity Line of Credit
| Mortgage Type | Term | APR as low as |
|---|---|---|
| HELOC | N/A | 7% |
Construction & Lot Loans
| Mortgage Type | Term | APR as low as |
|---|---|---|
| Construction Loan | Up to 12 months | 6.5% |
| Construction Loan | 12 month construction period | 6.625% |
| Improved Lot Loan | 30/5 | 6.5% |
| Improved Lot Loan | 10 Year Fixed | 6.99% |
Your Journey from Application to Closing Made Easy
Navigating the mortgage process shouldn't be stressful. We've streamlined our steps to help you get the keys to your new home as quickly as possible.
Get Pre-Approved for Your Mortgage Online
Start with confidence by knowing how much you can afford. Our fast online application provides a pre-approval letter so you can start shopping for your home.
Find Your Dream Home and Make a Winning Offer
Shop for your home with your pre-approval in hand. Once you find the right place, make your offer knowing your financing is ready and reliable.
Finalize Your Loan and Get Ready for Closing
We work quickly to process your loan. Our team will guide you through inspections, appraisals, and the final signing so you can move into your home.
Get Expert Guidance from Our Local Utah Mortgage Team
Work with mortgage experts who live and work in Utah and can explain your options, answer your questions, and help you navigate the complexities of home buying.
More Ways to Finance Your Home and What Comes Next
Beyond a purchase mortgage, choose financing for building, renovating, or using your home equity based on what you’re planning next.
Home Refinance Loans
A mortgage refinance may help lower your monthly payment or provide access to cash. You’ll have local guidance as you review your options.
Construction & Lot Loans
Planning to build a home or purchase land? A construction or lot loan can help you move forward with financing for your plans.
HELOC (Home Equity Line of Credit)
Tap into your home's value for renovations, debt consolidation, or other needs. Use your equity as a flexible line of credit when you need it.
2nd Mortgage
First Time Homebuyer Down Payment Programs
Frequently Asked Questions About Buying a Home in Utah
Find answers to common questions about mortgage applications, eligibility, and how to get started with your home loan today.
What is the difference between pre-approval and pre-qualification?
Pre-approval is a formal commitment based on verified documents, while pre-qualification is a quick estimate of what you might be able to borrow.
How much do I need for a down payment?
Down payment requirements vary by loan type. Some programs allow for as little as 3% down, while others typically require 20% to avoid insurance.
How long does the mortgage process take?
Most mortgages close within 30 to 45 days. Our efficient local team works hard to keep your closing on schedule so you can move in on time.
What credit score do I need for a mortgage?
Credit score requirements vary by loan type and your financial situation. We'll review your options and help you understand what may work for you.
How much will my monthly payment be?
Your payment depends on your loan amount, interest rate, term, taxes, and insurance. Use our mortgage calculator for a more tailored estimate.
Start Building Toward the Home You’ve Been Dreaming About
Turn your homeownership goals into a plan with support from a local mortgage team. Join Cyprus and apply for a home loan when you’re ready.
