If you’re a mortgage broker whose client is seeking to finance a home with a Utah Housing loan, you can partner with Bank of Utah as a third-party originator for:
Bank of Utah is proud to support the Utah Housing Corporation’s mission to provide reasonable-rate mortgage loans to low- and moderate-income individuals and families.
As a community bank, we understand the value of relationships and are committed to providing you and your client with fast, friendly, expert service.
To work with Bank of Utah on UHC loans, you must be an approved broker.
To become an approved broker, submit the following to Bank of Utah:
Before submitting a UHC loan to Bank of Utah, review the following resources, to ensure your borrower qualifies and to learn more about the fees and the loan process:
After you become an approved broker, determine if your borrower qualifies and learn more about the process, you can partner with Bank of Utah for UHC loans. Follow these steps*:
*Please note: The form, portal and requests are all accessed behind the same login screen. Once you enter your name and email address, you'll be routed to the desired location based on the step you select below.
For more information, call 801-409-5056.
How long does the broker-approval process take?
The broker-approval process typically takes up to 5 business days.
How do I learn what the guidelines and requirements are for Utah Housing Corporation loans?
The Utah Housing Corporation website features detailed information on guidelines and requirements.
How long does the loan process take?
UHC loan processing takes approximately 30 days.
How do I know if my client qualifies for a Utah Housing Corporation loan?
Review UHC's eligibility requirements, including income limits and purchase price limits, on the organization's website.
What are the current Utah Housing Corporation interest rates?
The Utah Housing Corporation lists the current interest rates on the home page of its website.
Does Bank of Utah communicate with my client about the loan, or do all communications go through me, as their broker?
Bank of Utah only communicates information about the loan to you, as the broker.
Can I broker all Utah Housing Corporation programs through Bank of Utah?
No. Bank of Utah only provides broker services for the FHA and VA loan programs. You can find details on those programs here. Bank of Utah is not able to broker the UHC conventional program.
Can the borrowers use grants or program assistance in conjunction with a UHC loan?
Yes, click here for more information on the programs offered.