Home Purchase Loans
Purchasing a home is one of the biggest investments you'll ever make. We're dedicated to finding the perfect loan to fit your individual needs with competitive rates.
How We Help You Buy Your Dream Home
Because of the numerous factors to consider when purchasing a home, it's important to prepare as best you can. At Cornerstone Home Lending, we treat each customer as an individual, not a number.
Get Pre-Qualified
Make an offer with confidence knowing exactly what your buying range is and that your offer will get accepted.
Shop For the Right Rate
We use our network of 100+ lenders to shop for the best rates and loan programs to fit your exact financial needs.
Fast Funding & In-House Ops
With in-house processing, underwriting, and funding, Cornerstone is 100% committed to on-time closings and a completely hassle-free funding experience.
Popular Purchase Programs
Conventional Loans
Put as little as 3% down if you are a first-time homebuyer. (5% down for repeat buyers). Avoid large down payments and save your cash.
FHA Loans
As little as 3.5% down with more flexible credit requirements. Great for first-time buyers.
VA Loans
0% down payment required for eligible veterans and active-duty military.
USDA Loans
0% down payment for homes in eligible rural and suburban areas.
Why Choose a Local Utah Mortgage Lender?
When you're looking for the best mortgage lenders in Utah, working with a local team makes all the difference. The Tim Hawkes Team at Cornerstone Home Lending is based in Clearfield, Utah, and has been helping families buy homes across the entire state for years. Unlike big national banks, we offer a personal, hands-on approach that ensures every borrower gets the attention they deserve.
As one of the top Utah mortgage lenders, we have access to over 100 investors, which means we can shop your loan across a massive network to find the most competitive rates and programs available. Our in-house operations team handles processing, underwriting, and funding right here in Utah — so there are no delays waiting on out-of-state offices to review your file.
Whether you're a first-time buyer or upgrading to your forever home, our Clearfield office serves borrowers in every corner of Utah — from Davis and Weber counties to Utah County, Salt Lake, and beyond. We understand the local market, the neighborhoods, and the programs that help Utah families achieve homeownership.
Home Purchase Loan Options in Utah
There is no one-size-fits-all mortgage. The right home purchase loan depends on your credit profile, down payment, military service, and the property location. Here's a quick comparison of the most popular options available to Utah home buyers:
Conventional Loans
As low as 3% down for first-time buyers. Ideal for borrowers with strong credit and stable income. No upfront mortgage insurance with 20% down.
FHA Loans
Just 3.5% down with flexible credit requirements. Government-backed and great for first-time home buyers in Utah who need more lenient qualifying standards.
VA Loans
Zero down payment and no PMI for eligible veterans, active-duty service members, and surviving spouses. One of the strongest loan programs available.
USDA Loans
100% financing with no down payment for homes in USDA-eligible rural and suburban areas throughout Utah. Income limits apply.
Utah Down Payment Assistance for Home Buyers
One of the biggest hurdles to buying a home in Utah is saving for a down payment. The good news is that multiple Utah down payment assistance (DPA) programs exist to help. Programs through the Utah Housing Corporation (UHC) and local grants can provide thousands of dollars toward your down payment and closing costs — sometimes as a forgivable loan.
These programs can be combined with FHA, VA, USDA, and conventional loans, making homeownership more accessible than ever.
First-Time Home Buyer? Start Here
If you're buying a home in Utah for the first time, the process can feel overwhelming. Our team specializes in walking first-time buyers through every step — from pre-qualification to closing day. Use our first-time buyer calculator to estimate your monthly payments and see what you can afford.
Frequently Asked Questions About Buying a Home in Utah
What credit score do I need to buy a home in Utah?
Credit score requirements vary by loan type. Conventional loans typically require a 620+ score, FHA loans accept scores as low as 580 with 3.5% down (or 500 with 10% down), and VA loans have no official minimum but most lenders look for 580–620. We work with over 100 investors to find options for a wide range of credit profiles.
How much do I need for a down payment in Utah?
Down payments in Utah range from 0% to 20% depending on the loan program. VA and USDA loans offer zero down payment options. FHA loans require as little as 3.5%, and conventional loans start at 3% for first-time buyers. Utah also offers down payment assistance programs that can cover part or all of your down payment.
What are current Utah mortgage rates?
Utah mortgage rates change daily based on market conditions, loan type, credit score, and down payment amount. Because we shop your loan across 100+ investors, we consistently find competitive rates. Contact us for a personalized quote.
How long does it take to close on a home in Utah?
Most home purchases in Utah close within 21 to 30 days from contract acceptance. With in-house processing, underwriting, and funding, we are committed to on-time closings. Getting pre-qualified before you start shopping can speed up the process.
Can I buy a home in Utah with no down payment?
Yes. VA loans for eligible veterans and USDA loans for homes in eligible areas both offer 100% financing with zero down. Utah down payment assistance programs can also help cover costs for qualifying buyers.
What is the best mortgage lender in Utah?
The best mortgage lender in Utah is one that offers competitive rates, local expertise, and a hassle-free experience. The Tim Hawkes Team at Cornerstone Home Lending is based in Clearfield with access to 100+ investors, in-house operations, and personalized service across all of Utah.
Ready to Start?
Get pre-qualified in minutes through our secure online portal.
Start Your ApplicationOr speak with a loan officer
(801) 820-7620