Conventional Mortgage Loans

Low rates, lots of options
With low rates and flexible financing, a conventional mortgage loan from Mountain American provides a variety of affordable home financing options.

Flexible, affordable home financing

Find the best option for your specific home-buying situation with a conventional loan from Mountain America. Our mortgage specialists work closely with you to select the rate, down payment and terms that meet your financial goals. Whether you're buying your first home, investing in a rental property or anything in between, we have the right solution for you.

Loan features

  • Up to 95% loan-to-value financing*
  • Fixed- and variable-rate terms
  • Low mortgage insurance
  • Available for second homes and investment properties (up to a fourplex)
  • Quick Close℠ electronic mortgage process

Additional account details

  • Loan amounts up to $453,100—except in Salt Lake, Summit and Tooele counties (Utah)
  • Gift funds may be contributed by parents or other family members
  • Private mortgage insurance (PMI) required for loans above 80% loan-to-value (LTV)

Make paying your mortgage easy—simply request automatic transfers from your Mountain America checking or savings account.

Buy the home of your dreams

Get started today by applying online or calling 1-800-277-7703. If you still have questions, schedule an appointment with one of our mortgage specialists.

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*On approved credit

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Mortgage Interest Rates

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30-Year Fixed Mortgage
as low as
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15-Year Fixed Mortgage
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100% First-Time Homebuyer
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Construction Loan
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What are the requirements of a conventional mortgage?

The requirements to qualify for this type of loan vary by lender, but generally depend on a buyer’s monthly income and credit history. They also require a bigger down payment, which results in smaller monthly payments. Down payments can be as small as five percent based on the lender’s preference and borrower’s credit history, but most conventional loans require 20 percent of the home’s cost. Borrowers whose down payment is less than 20 percent will need to pay for private mortgage insurance. PMI is required on the mortgage until the loan-to-value ratio reaches 80 percent.


Conventional mortgages are ideal for people with good or excellent credit. Loan terms require a credit score of 740 or higher to qualify for the best available interest rates.


Because conventional mortgages aren’t guaranteed by the federal government, they tend to be considered a greater risk for lenders. But they typically require less hurdles for borrowers compared to FHA and VA loans. This makes them ideal for those who want to buy a new home and are able to meet the income and credit requirements.


What’s the difference between fixed and adjustable-rate mortgages?

The main difference between a fixed-rate mortgage and an adjustable-rate mortgage (ARM) is the interest rate. The interest rate with a fixed-rate loan is set from the beginning and remains the same over the life of the loan while the interest rate on an ARM can go up or down during the loan term.

Fixed-Rate Mortgages

While the interest rate remains the same for fixed-rate mortgages, the amount of interest and principal differs from payment to payment, but the total monthly payment stays the same. At the beginning of the loan, most of the payment goes to interest. With each payment, more and more of the monthly payment goes to the principle. One drawback to this mortgage type is that when interest rates are high, it’s more difficult to qualify for a loan because monthly payments are more expensive.

Adjustable-Rate Mortgages

ARMs are more appealing to some homebuyers because they start with an interest rate that is below the current market rate. This lower rate will only stay in place during a fixed time interval. After that inaugural period, the interest rate will fluctuate based on the ARM rules, which may result in a spike in the overall monthly payment. Additionally, the adjusted rate may even climb higher than the average rate for fixed-rate mortgage loans. Whichever loan option a buyer chooses, it’s important to weigh the pros and cons of a fixed-rate and adjustable-rate mortgage before closing on a home.

First-Time Home Buyer

Get into your first home

A great option with up to 100% loan-to-value financing.

FHA Home Loans

An affordable solution

Purchase a home with low closing costs and little money down.

Construction Loans

Build your dream home

Finance the construction of your custom home.
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The ABCs Of Buying Your First Home

Get a clear, simple overview of the home buying process