Flexible home financing options
Mortgage Loans
Today's mortgage rates
Get low rates and a variety of affordable mortgage options from Mountain America. Our mortgage specialists will advise you based on your financial goals. We live by our brand, “Guiding you forward.”
Make room for what makes you happy
A home is more than a roof over your head. It’s where your life happens. Mountain America makes sure you can enjoy your life with great mortgage rates, flexible terms, and guidance for a worry-free experience. Take a look:
- Low rates
- First-time homebuyer program with as little as $1,000 down
- A variety of loan options—from conventional and FHA loans to jumbo and construction loans
- A fast and paperless mortgage process with Quick CloseSM
Ready to start your mortgage application?
Apply online by clicking the button below or schedule a consultation with one of our mortgage specialists.
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Mortgage FAQs
What are the different types of mortgage loans?
Adjustable-Rate Mortgage (ARM) – interest rate changes periodically.
Conventional mortgage – not insured or guaranteed by the federal government.
Interest-only mortgage – you pay only interest with principal repaid in a lump sum at a given date.
FHA Loans – loan backed by the Federal Housing Administration (buyers receive lower down payment and lower closing costs. Easy to qualify if you have less than perfect credit).
VA Loans – home loans for qualified veterans, service members and spouses.
Jumbo – for higher-cost areas ($510,400 minimum in most states).
Will my mortgage rate change?
During the term of your mortgage, your monthly payment will probably fluctuate due to changes in taxes, insurance premiums, fees and if the rate of an adjusted-rate mortgage changes.
How to choose the right mortgage
Purchasing a home is one of the most significant financial decisions that most people will make. Picking the right mortgage will depend on your family's needs, cost of the home, credit history and the amount of money you have for a down payment. First, you must consider the type of loan that works for you. Second, compare lenders to get the best mortgage rate and finally, calculate the total loan cost, plus fees, to get an understanding of the mortgage loan numbers.
How long does it take to repay a mortgage loan?
Standard mortgage terms range from 10, 15, 20, 30 up to 50 years. A shorter-term mortgage will comprise of a higher payment, less interest paid and lower interest rate while a longer-term mortgage will have a lower payment, more interest paid and higher interest rate. The length of your mortgage payment will always depend on the mortgage term you choose and how much you have already paid toward the loan.
