Mortgage Loans


Full Service Mortgages

1st Mortgages/Traditional Mortgages

Largest Investment!

Buying a home is a big commitment and most people’s largest investment. Doing business with someone you know and trust is a smart choice. Granite Credit Union offers a wide variety of uncomplicated First Mortgage options including long term mortgages to get your payment as low as possible and short term mortgages to give you the flexibility to get your loan paid off on time.

We know what is important to you:

  • Low rates, fees and closing costs
  • Fast turnaround time (sometimes as little as 10 days)
  • Flexible options including FHA, VA and conventional loans
  • Flexible terms from 6 to 30 years

Getting the mortgage that is right for you is what is important to us. Check out one of our free seminars or give one of our Mortgage Loan experts a call at 801-288-3000 or toll free 1-888-428-8326

Meet our Mortgage Loan Professionals

Darrell Tietjen
801.288.3078

DarrellT@granite.org
NMLS# 583816
image of Todd Hatfield

Todd Hatfield
801.288.3084

ToddH@granite.org
NMLS# 301846
image of Tom Bushell

Tom Bushell
801.288.3059

TomB@granite.org
NMLS# 104637
image of Steve Schmidt

Steve Schmidt
801.288.3159

SteveS@granite.org
NMLS# 310628

Home Loans

Big Commitment

Buying a home is a big commitment and most people’s largest investment. Doing business with someone you know and trust is a smart choice. Granite Credit Union offers a wide variety of uncomplicated First Mortgage options including long term mortgages to get your payment as low as possible and short term mortgages to give you the flexibility to get your loan paid off on time.

We know what is important to you:

  • Low rates, fees and closing costs
  • Fast turnaround time (sometimes as little as 10 days)
  • Flexible options including FHA, VA and conventional loans
  • Flexible terms from 5 to 30 years

Getting the mortgage that is right for you is what is important to us. Use the links below to learn more or give our Mortgage experts a call today at 801-288-3000 or toll free 1-888-428-8326

 Use the Equity in your Home to Start Living Well Today

Home Equity Loans/2nd Mortgage Loans

Don’t Wait!

Don’t wait until you decide to move to fix up your house. The right home improvements will help you maintain your home’s value and let you enjoy your home more fully today. Using your home’s equity is one of the least expensive ways to borrow. Of course, using the equity in your home should be done only after careful consideration. Using the value for a wise investment in your home (e.g. home improvements) or for debt consolidation may be a wise choice.

Whether you are interested in a Fixed Rate Home Equity Loan/Second Mortgage or a Home Equity Line of Credit, we have plenty of options. One of our Mortgage Loan Officers can help you decide if a Home Equity Loan is right for you.

Home Equity Line of Credit

  • Comes with a VISA card
  • No Fees
  • Make draws as needed
  • Available up to 100% loan-to-value
  • Variable rates based on the Prime Rate

Fixed Rate 2nd Mortgage

  • Low Fixed Rates
  • Flexible terms up to 15 years
  • No Appraisal Fees
  • Up to 100% loan-to-value

Let us help you decide which loan is right for you. Give us a call at 801-288-3000 or toll free 1-888-428-8326.

Construction Loans

Contractors shaking hands at new home construction site

Are you wanting to build your dream home?

At Granite Credit Union we offer Construction Loans with competitive rates.

  • Local underwriting and approval process
  • Fixed interest rate for the term of the loan
  • Low closing costs
  • 1% origination fee
  • Monthly interest only payments with principal due at maturity
  • Draws are processed in-house within 48 hrs
  • Long term mortgage financing on new construction loans

Call our Construction Loan Specialist today!

Brian Frandsen
AVP Commercial Lending
801-288-3034
BrianF@granite.org

First Time Home Buyers

First Time Borrower Program

If you’re buying a home for the first time we can help.

Buying your first home is one of the biggest decisions you’ll make in life. It’s right up there with marriage. Doing it right will save you money and allow you to get the home that is just right for you.

Preparation for Buying a New Home

  1. Make an appointment with a Mortgage Loan Office to review your situation, get a pre-approval or make a plan. Find out what you can afford.
  2. Check your credit score.
  3. Find out your debt to income ratio. Can you improve this by paying off some debts?
  4. Save for a down payment! Review your liquid assets and decide how much you’ll need for a down payment.

Finding the Perfect Home

  1. Select a Real Estate professional. For your first home you definitely need some good help.
  2. Take your time. Make a thorough search.
  3. Do a thorough inspection.
  4. Make an offer.

Check out our next Free Seminar or call one of our Home Loan Experts and find out your options.

Todd Hatfield
801-288-3084
NMLS#301846

Steve Schmidt
801-288-3159
NMLS#310628

Flexible Reverse Mortgage

Asian couple ordering checks on their laptop

Tom Bushell
801-288-3059
TomB@granite.org
NMLS#104637

Lending for a Better Retirement

What is it?

A Reverse Mortgage provides retirees an income stream while they’re still living in their home and eliminates their mortgage payment.

Using one of your largest assets – Your Home:

A Reverse Mortgage allow homeowners to access some of their home’s equity to help with expenses, medical, home improvement, supplement retirement, emergencies such as auto/home repairs, etc.

Review your options with a Professional

Call our Reverse Mortgage Advisor today and find out if a Reverse Mortgage is right for you. It’ll give you peace of mind knowing that this option is available to you.

Free Reverse Mortgage Seminar

We have periodic seminars to help you decide if a Reverse Mortgage is right for you. Find out about our next seminar.

Mortgage Calculator/Rates

Keys to a new home laying on a calculator.

Mortgage Loan Rates

Please call a Mortgage Professional for long term mortgage rates (15, 20 and 30 year) since those rates are market driven and change often.

Short Term 1st Mortgage Loans

Loan Term
TypeAPROrigination Fee
Effective Date 08/01/2019TypeAPROrigination Fee
5 YearsShort Term Mortgage3.34%1.00%
7 YearsShort Term Mortgage3.59%1.00%
10 YearsShort Term Mortgage3.59%1.00%
12 Years
Short Term Mortgage3.59%1.00%
5 yearsShort Term Mortgage3.74%0.00%
7 yearsShort Term Mortgage3.99%0.00%
10 YearsShort Term Mortgage3.99%0.00%
12 YearsShort Term Mortgage3.99%0.00%
APR is Annual Percentage Rate. APRs are estimated on a $200,000 loan amount with 80% loan-to-value.
*Call for Current Rates. Your rate may vary based on your credit score. Rates are subject to change based on market conditions and without notice.

2nd Mortgages/Fixed Rate Home Equity Loans

Loan Term
TypeAPR*Origination Fee
Effective Date 08/01/2019TypeAPR*Origination Fee
5 YearsConventional4.49%1.00%
7 YearsConventional4.74%1.00%
10 YearsConventional4.99%1.00%
12 Years
Conventional5.49%1.00%
15 yearsConventional5.49%1.00%
APR is Annual Percentage Rate.
*Call for Current Rates. Your rate may vary based on your credit score and the services you use. . Rates are subject to change based on market conditions and without notice. The credit union may offer other rates and terms or amend the rates and terms contained in this schedule from time to time.

Home Equity Line-of-Credit Loans

Loan Term
TypeLoan-to-ValueMaximum AmountAPR
Effective Date - 08/01/2019TypeLoan-to-ValueMaximum AmountAPR
Open-EndVariable RateUp to 100%$50,0005.50%
Open-EndVariable RateUp to 80%$250,0005.50%
APR is Annual Percentage Rate. All loans subject to credit approval and pricing. Your rate may vary based on your credit score and the credit union services you use. Rates and terms are subject to change. The credit union may offer other rates and terms or amend the rates and terms contained in this schedule from time to time.  Rate is variable to a maximum of 18%
1st Mortgage-Short Term

Short Term 1st Mortgage Loans

Loan Term
TypeAPROrigination Fee
Effective Date 08/01/2019TypeAPROrigination Fee
5 YearsShort Term Mortgage3.34%1.00%
7 YearsShort Term Mortgage3.59%1.00%
10 YearsShort Term Mortgage3.59%1.00%
12 Years
Short Term Mortgage3.59%1.00%
5 yearsShort Term Mortgage3.74%0.00%
7 yearsShort Term Mortgage3.99%0.00%
10 YearsShort Term Mortgage3.99%0.00%
12 YearsShort Term Mortgage3.99%0.00%
APR is Annual Percentage Rate. APRs are estimated on a $200,000 loan amount with 80% loan-to-value.
*Call for Current Rates. Your rate may vary based on your credit score. Rates are subject to change based on market conditions and without notice.
2nd Mortgage

2nd Mortgages/Fixed Rate Home Equity Loans

Loan Term
TypeAPR*Origination Fee
Effective Date 08/01/2019TypeAPR*Origination Fee
5 YearsConventional4.49%1.00%
7 YearsConventional4.74%1.00%
10 YearsConventional4.99%1.00%
12 Years
Conventional5.49%1.00%
15 yearsConventional5.49%1.00%
APR is Annual Percentage Rate.
*Call for Current Rates. Your rate may vary based on your credit score and the services you use. . Rates are subject to change based on market conditions and without notice. The credit union may offer other rates and terms or amend the rates and terms contained in this schedule from time to time.
HELOC

Home Equity Line-of-Credit Loans

Loan Term
TypeLoan-to-ValueMaximum AmountAPR
Effective Date - 08/01/2019TypeLoan-to-ValueMaximum AmountAPR
Open-EndVariable RateUp to 100%$50,0005.50%
Open-EndVariable RateUp to 80%$250,0005.50%
APR is Annual Percentage Rate. All loans subject to credit approval and pricing. Your rate may vary based on your credit score and the credit union services you use. Rates and terms are subject to change. The credit union may offer other rates and terms or amend the rates and terms contained in this schedule from time to time.  Rate is variable to a maximum of 18%

Mortgage Loan Calculator

How Much Can You Spend on a New Home?

Budgeting for a new home starts with estimating and calculating your payment. It’s also helpful to sit down with a Mortgage Professional to find out the best loan for you and to calculate a loan amount and payment you can afford.

It’s also a good idea to plug these numbers into your budget and make sure you’re getting into a home appropriate for you.

Getting the right advice from people you can trust is essential. Give our Mortgage Loan experts a call at 801-288-3000 or toll free at 1-888-428-8326.