Utah Home Loans

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Regal Mortgage is a fully licensed Utah mortgage lender, authorized to originate mortgage loans across the entire state of Utah. We offer a comprehensive range of mortgage loan products tailored to meet the needs of first-time homebuyers, move-up buyers, real estate investors, and homeowners seeking to refinance. Our offerings include conventional loans, FHA loans, VA loans, and USDA loans, as well as jumbo, non-QM, and specialty programs such as construction, renovation, and manufactured homes. Our team is dedicated to providing customized financing solutions backed by expertise and a commitment to exceptional service.

A conventional loan is a mortgage that is not insured or guaranteed by the government and is offered through private lenders. These conventional loans can be utilized for both home purchases and refinances, including rate-and-term and cash-out options. They typically provide competitive interest rates and flexible terms, particularly for borrowers with strong credit and stable income. Unlike FHA loans, USDA loans, and VA loans, conventional loans may require a higher credit score but can be a great option for those working with a Utah mortgage lender.

A USDA loan is a government-backed mortgage guaranteed by the U.S. Department of Agriculture, specifically designed to assist eligible buyers in purchasing homes within qualifying rural and suburban areas. Unlike conventional loans and FHA loans, USDA loans are available for both home purchases and refinances and often require no down payment for qualified borrowers. They offer competitive interest rates and flexible income guidelines, making them an appealing option for buyers, including those considering VA loans, who are looking to achieve homeownership with minimal upfront costs. If you're in Utah, working with a knowledgeable Utah mortgage lender can help you navigate the benefits of USDA loans as well as other financing options.

A VA loan is a government-backed mortgage guaranteed by the U.S. Department of Veterans Affairs, specifically designed for eligible veterans, active-duty service members, and qualifying spouses. Unlike conventional loans, VA loans can be utilized for both home purchases and refinances, including cash-out and streamline refinance options. These loans provide significant advantages, such as no down payment requirements, competitive interest rates, and no private mortgage insurance, making them an attractive option compared to FHA loans and USDA loans. For those in need of a Utah mortgage lender, understanding the benefits of VA loans can help in navigating the home financing process.

A DSCR loan is a type of real estate investor loan that qualifies based on a property’s cash flow rather than the borrower’s personal income. Unlike conventional loans, FHA loans, USDA loans, and VA loans, DSCR loans are commonly utilized for both purchase and refinance transactions on investment properties. Approval is determined by whether the rental income can cover the mortgage payment, making this a popular option for investors in need of flexible, income-based financing. For those working with a Utah mortgage lender, understanding these options can enhance their investment strategy.

A HECM (Home Equity Conversion Mortgage) is a government-insured reverse mortgage available to homeowners aged 62 and older. This unique loan option allows borrowers to convert home equity into tax-free funds for various purposes, such as retirement income, home improvements, or paying off existing debt. Unlike conventional loans, HECM loans can also be used to purchase a new home or refinance an existing mortgage. Additionally, they do not require monthly mortgage payments, much like FHA loans, as long as the borrower continues to live in the home and maintain it. For those considering alternatives, other options like USDA loans or VA loans may also be available through a Utah mortgage lender.

An FHA 203(k) loan is a government-backed mortgage that allows homebuyers or homeowners to finance both the purchase (or refinance) of a home and its renovation costs in a single loan. Unlike conventional loans, FHA loans can be used for primary residences and offer low down payment options, making it easier to buy a fixer-upper or improve an existing home. This loan is particularly beneficial for those working with a Utah mortgage lender, as it combines financing and home improvements without the need for a separate construction loan. Additionally, for those considering alternatives, USDA loans and VA loans may also provide unique financing options.

A Fannie Mae HomeStyle loan is a type of conventional loan that allows borrowers to finance both the purchase (or refinance) of a home and the cost of renovations within a single mortgage. This versatile option can be utilized for primary residences, second homes, or investment properties, and is available through a Utah mortgage lender, among others. With flexible loan amounts and terms, this mortgage is perfect for buyers who wish to customize or improve their property while managing their financing under one convenient loan, unlike FHA loans, USDA loans, or VA loans that may have different requirements.

A manufactured home loan is a mortgage specifically designed for purchasing or refinancing a manufactured or mobile home. These loans can be utilized for both buying and refinancing, often providing competitive rates and flexible terms compared to conventional loans. Unlike FHA loans, USDA loans, or VA loans, manufactured home loans allow borrowers to finance not just the home itself, but in certain cases, the land it occupies as well. This makes homeownership more accessible for those seeking manufactured housing, especially through a Utah mortgage lender.

A construction loan is a short-term mortgage used to finance the building of a new home or major home renovation. These loans provide funds in stages as construction progresses and can later be converted into a permanent mortgage, similar to conventional loans, once the project is complete. Construction loans are ideal for buyers who want to customize their home while managing financing in a single, structured process. Additionally, for those considering alternatives, options like FHA loans, USDA loans, and VA loans might also be available through a Utah mortgage lender.

A jumbo loan is a mortgage that exceeds the conforming loan limits set by Fannie Mae and Freddie Mac, making it ideal for high-value properties. Unlike conventional loans, jumbo loans can be used for both purchases and refinances and typically require strong credit and financial documentation. While FHA loans, USDA loans, and VA loans cater to different borrower needs, jumbo loans offer competitive rates and flexible terms for those seeking to finance luxury homes or properties above standard loan limits. If you're working with a Utah mortgage lender, they can guide you through the options available, including jumbo loans.

A Non-QM (Non-Qualified Mortgage) loan is a mortgage designed for borrowers who don’t meet traditional underwriting guidelines, such as self-employed individuals or those with irregular income. Unlike conventional loans, FHA loans, USDA loans, and VA loans, Non-QM loans can be used for both purchases and refinances and offer flexible documentation options, including bank statements or asset-based qualification. They provide an alternative path to homeownership when these conventional or government-backed loans aren’t a fit.