Conventional Mortgage

More options to fulfill your dreams

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What is a Conventional Mortgage?

A Conventional Mortgage is simply any mortgage loan that is not insured or guaranteed by the federal or state government. Whether you're looking for a 10, 15, 20, or 30-year loan, we can help. We offer competitive rates and terms to allow you to work within your budget to fulfill your homeownership dreams.


Loan Features

  • Lower interest rates
  • Requires a higher down payment, usually 5%–20%
    • 1% down payment programs available for qualified borrowers
    • 3% HomeReady®, Home Possible® down payment programs
  • Has higher income and credit score requirements than government loans
  • Available fixed-rate and adjustable-rate mortgages
  • Fixed-rate loans have a term of 30 or 15 years
  • No Private Mortgage insurance (PMI) on many conventional loans, including 15 and 30 year Jumbos

Mortgage Calculator


Mortgage Rates

Home Equity Line of Credit
9.5 %
Variable Rate
30-Yr Fixed Mortgage
6.99 - 7.147%
15-Yr Fixed Mortgage
6.99 - 7.244%
30-Yr Improved Lot
7.25 %
3 year call - 80% LTV
9-Month Construction
5.75 %
70% LTV

Refinance with Wasatch Peaks

Is your home loan with another lender? Would you want to lower your monthly payment and save money on interest over time? Lower your monthly payment or improve the terms of your loan by refinancing with Wasatch Peaks.



*Rates, fees, and Annual Percentage Rates (APRs) displayed are intended as mortgage market indicators only, are time-delayed, and may change without notice. The information provided assumes the purpose of the loan is to purchase a primary residence, single-family dwelling in Utah with a 20% down payment. The rate-lock period is 30 days and the assumed credit score is 740. Actual rates, fees, and APRs may vary based on these and other factors. There may be additional fees assessed by the investor that will increase the APR. NMLS#631141