Our Loan Programs

With the variety of loan programs we offer, On Track Mortgage Solutions is ready to get your loan application or refi in process smoothly and efficiently.

Buy a home

Refinance a home

Our Loan Programs

With the variety of loan programs we offer, On Track Mortgage Solutions is ready to get your loan application or refi in process smoothly and efficiently.

Buy a home

Refinance a home

Conventional Loans

A Conventional loan can be used for a primary residence, second home, or investment property. Down payments are as little as 3% to 20%. This is an ideal product for someone with a FICO score of 620 or higher. The down payment can be gifted and mortgage insurance can be paid monthly by the borrower, or you may inquire about a lender-paid option. Loan terms are 10–30 years and can be adjustable or fixed. As part of our Conventional portfolio we offer Jumbo and High Balance products that give you the option to exceed the conforming loan limits in the county where you are purchasing.

Jumbo Loans

A Jumbo loan, also known as a nonconforming loan, is a type of Conventional mortgage. The Federal Housing Finance Agency (FHFA) sets the limit for conforming loans annually. Jumbo loans surpass the FHFA limits.

FHA Loans

A Federal Housing Administration (FHA) loan is a home mortgage that is insured by the government and approved by the agency. An FHA loan is an ideal product for a first-time homebuyer or someone who is trying to establish credit. Rates are typically lower on an FHA loan, and the down payment requirement is only 3.5%. Grant money may be used for the down payment. The guidelines on FHA loans are more relaxed and the debt-to-income threshold is higher, which provides flexibility.

VA Loans

A VA loan is a mortgage loan available through a program established by the U.S. Department of Veterans Affairs. A VA loan is a benefit for our Veterans, service members, and their families. With a FICO score of 620 and a certificate of eligibility, you are well on your way to being pre-approved for 100% financing.

USDA Rural Loans

The mission of the USDA Rural Development Single Family Housing Guaranteed Loan Program is to assist low- to moderate-income rural homebuyers in achieving their dream of homeownership. We have partnered with the USDA to extend financing opportunities to eligible rural individuals and families for the purchase of a home. The benefits of this program include 100% financing, no down payment, and lower mortgage rates.

Reverse Mortgage

A Reverse Mortgage may be the right loan for you if you are 62 years of age or older and have ample equity in your home. Options are available for both purchasing a new home and refinancing an existing loan. On a Reverse Mortgage loan a borrower can receive funds from the lender or receive a monthly payment. Reverse Mortgage loans allow homeowners to convert their home equity into cash income with no monthly mortgage payments.

Construction Loans

If you are building a new home, a Lot loan or a Construction loan with a one- or two-time close may be the right product for you. A Construction loan is also a great option if a home you are purchasing needs to be renovated. Let us finance your costs into the loan so you don’t have to come up with additional funds out of pocket.

Renovation Loans

A Renovation loan includes funds for renovating, remodeling, and repairing a home. It is usually a mortgage with extra money for home improvements. Renovation loans use a home’s estimated value to calculate how much a homeowner can borrow. This gives homeowners credit upfront for the increase in home value from the proposed renovation.

We are here to help you reach your financial goals.

Answer a few easy questions so we can best help you on your path.

Buy a home

Refinance a home

Melissa Due NMLS #847432
Company NMLS #2473474

2825 E. Cottonwood Parkway, Suite 500
Cottonwood Heights, UT 84121

801-897-7139
melissa@ontrackmortgagesolutions.com

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On Track Mortgage Solutions

On Track Mortgage Solutions is a full-service mortgage company that assists clients in getting the Utah home of their dreams. We are dedicated to providing the best service possible and will do whatever we can to help our clients succeed in finding the right mortgage.

Melissa Due NMLS #847432
Company NMLS #2473474

2825 E. Cottonwood Parkway, Suite 500
Cottonwood Heights, UT 84121

801-897-7139
melissa@ontrackmortgagesolutions.com