What you will get is transparency, knowledge of current mortgage guidelines, and a loan originator dedicated to your file and ALL of your questions. If you're looking to purchase or refinance a home in Utah, you're dealing with an industry that inherently sees your questions as inconvenient. You hand over sensitive information like social security numbers, tax returns, and bank statements.
But what do you really get in return? No real explanation as to why you're getting a particular interest rate or loan program. No explanation on closing costs. Every now and then, a mortgage company will even try to charge you an up front application fee; just to make sure you're locked in, and won't be shopping them around.
But what do you really get in return? No real explanation as to why you're getting a particular interest rate or loan program. No explanation on closing costs. Every now and then, a mortgage company will even try to charge you an up front application fee; just to make sure you're locked in, and won't be shopping them around.
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Sometimes our career paths are incidental. When we follow our natural abilities with an open mind, we might discover they fit perfectly in a field we never even dreamed of joining. I moved to the U.S. from Romania in 2008 when I was 23 years old, and I have a Bachelor's Degree in Kinesiology.
My work experience outside of mortgages has all been related to customer service, and for a little while, I even toyed with the idea of going to law school (I can be a bit of a contracts nerd).I followed a good friend's advice and moved to Utah in 2013 to get into the mortgage business. Once I was licensed, I naively thought the business was about getting people into homes.
My work experience outside of mortgages has all been related to customer service, and for a little while, I even toyed with the idea of going to law school (I can be a bit of a contracts nerd).I followed a good friend's advice and moved to Utah in 2013 to get into the mortgage business. Once I was licensed, I naively thought the business was about getting people into homes.
I'm writing this article for those of you that are either curious or unsure of your ability to qualify for a conventional home loan. Lenders will sometimes impose additional requirements, making it harder to qualify. If you need an exception that can be found below, but your current lender or mortgage broker isn't offering it, please contact me for help.
If you are looking at more expensive properties in Utah, you've probably heard the term jumbo loan. For any home loan that exceeds the conforming limit of $453,100 throughout most of the U.S., approvals will be subject to different, tougher requirements. You will be required to make a larger downpayment, typically of at least 20-25% of the loan amount;.
The Home Affordable Refinance Program (HARP) is a government-sponsored program, designed to help refinance conventional loans only. You must be current on your mortgage at the time of the refinance, with a good payment history for the past 12 months. The above are the basic eligibility requirements.
You don't have to take my word for it, this is my website after all. But I encourage you to do your due diligence and to reach out to a local mortgage broker before agreeing to a VA home loan issued by the big names all over the internet. The same VA guidelines that have made homeownership easier for veterans have also allowed unscrupulous lenders and mortgage companies to take advantage.
Reviews (9)
Celeste Vilchis
Jul 22, 2021
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Veronica Brown
Jun 04, 2021
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Dana was a God-send. We didn't think we could qualify for any loans given that we were self-employed and had student loan balances. We have tried Rocket Mortgage previously and qualified for such a meager loan- basically enough for a shack. Dana helped us understand the entire process for obtaining a conventional loan, and we were able to qualify for enough to purchase our dream home. Even in the middle of the "pandemic" when rates were low, but still jumping up and down. She locked us in a great rate in the nic of time- so professional, and helpful, didn't let us down! Thank you Dana!
Monica Vargas
May 28, 2021
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First of all, there are no words than can give Dana enough justice. She is beyond knowledgeable, professional, extremely informative, trustworthy, responsive and caring. I found Dana’s business information while doing my own research when we were looking into moving from CA to UT, and never doubted her once. We had multiple tricky situations with my husbands job and Dana never failed to get us through.
We have now bought two houses with her and literally could not have done so without our miracle worker Dana.
She also recommended our real estate agent, Sunshine Lambert and the two together
We have now bought two houses with her and literally could not have done so without our miracle worker Dana.
She also recommended our real estate agent, Sunshine Lambert and the two together
Adam Christofferson
Dec 04, 2020
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Dana was a true professional throughout the loan process. She delivered every step of the way. We were working with another loan broker that re-traded us at the last minute and put our transaction at risk. We immediately pivoted to Dana, and she got the loan processed and approved quickly. We couldn’t be happier. Thank you Dana and Utah Mortgage Resource!!
Sincerely, Adam Christofferson
Sincerely, Adam Christofferson
Claire Mahoney
Oct 01, 2020
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High caliber professionalism. Ask for Dana! As a mortgage professional in another state, it is so important for me to have resources that I can trust with my clients. I know that Dana will take care of my clients in that same ways that I would — great value and a wealth of knowledge for all of my clients and colleagues that need a broker in Utah.
Xavier Caballero
Aug 28, 2020
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Andrea Templeman
Aug 06, 2020
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Megan Baker
Aug 03, 2020
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I am so happy that we went with Dana. My sister went to her for her mortgage and was very impressed. I looked into a few different referrals that I received from various people and Dana was by far the best. Girl knows her stuff. She is so thorough and will take the time to answer all of your questions. You will not be disappointed!
Aaron Richardson
Jun 24, 2020
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Dana is a peer in the industry and has, on several occasions, on shared her knowledge and professionalism to help me structure deals properly and understand lending guidelines that were hard to decipher. She goes above and beyond for her clients and business partners to make sure they understand the complicated mortgage process and is keen on the detail and care given to everyone. Anyone in Utah with mortgage needs would be selling yourselves short by not reaching out to Utah Mortgage Resources!!
