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Residential Loans

Once you’ve found your dream home, let us show you how Altabank can be your dream lender. Our loan experts will walk you through the home-buying financing process and help you know which of the following mortgage loans is right for you.

Fixed Rate
The interest rate stays the same over the life of the loan. Your payment of principal and interest will remain the same each month.*

Adjustable Rate
Our 5/1 adjustable rate mortgages (ARMs) offer an introductory interest rate that will remain the same for a five-year term, then can change every year after that. Your monthly payment of principal and interest may go up or down once your interest rate changes.*

One-Time Close
A One-Time Close option combines your construction loan and your long term mortgage in the same loan. This all-in-one construction loan gives you 12 months to build your home, and then automatically converts the loan into your long term mortgage. Learn more about One-Time Close.

Refinancing into a lower interest rate, shorter loan length or lesser loan amount can save you thousands in interest and mortgage insurance premiums.*

If you need a mortgage loan that is over the traditional home loan limit of $647,200, Altabank has jumbo loans available to those with good credit.*

Government backed

FHA loans are insured by the Federal Housing Administration, which allow them to accept minimum down payments as low as 3.5%. FHA loans are a great option for low-to-moderate income borrowers or first-time homebuyers.*

Rural Housing
As part of The U.S. Department of Agriculture’s Rural Development Guaranteed Housing Loan program, mortgage loans backed by the USDA are available to eligible suburban and rural home buyers with low-to-average income for their area. These rural housing loans offer 100% financing with reduced mortgage insurance premiums, and feature below-market mortgage rates.*

Federal Veteran’s Association, or VA, loans are available to assist service members, veterans and eligible surviving spouses in becoming homeowners. These loans often do not require a down payment or private mortgage insurance.*

If you qualify, we can approve your mortgage quickly because our mortgage processing, underwriting, and funding are done within the bank by our knowledgeable employees. We also work with appraisers and title companies to help facilitate a simple and seamless experience for our customers.

* Subject to credit approval.

Online loan application

You can apply now in as little as 20 minutes, or start the process and return to finish later.

Step 1
Click “Apply Today” and complete the application

Step 2
When you complete and submit the application your information will be reviewed

Step 3
An Altabank mortgage loan originator will follow up within 24 business hours to answer your questions


Need to know how much home you can afford? Let us pre-qualify you so your time is spent most efficiently looking for a home within your budget.

*Subject to credit approval