Unique Loan Programs and Resources Using UT Mortgage Rates
Even before Utah gained worldwide attention by hosting the 2002 Winter Olympics, it was well-known for its beautiful wilderness areas. Utah's natural environment provides great skiing, camping, hiking and fishing against a backdrop of rugged terrain and unique geography.

Are you living in Utah and thinking of moving into a new home? Are you attracted to the great outdoors and considering a move to this great state? Regardless of your situation, unique programs will allow you to take advantage of current Utah mortgage rates, save your home from foreclosure, or save up for down payment on a house.

Utah Mortgage Rates and the Olene Walker Housing Loan Fund Program
The Olene Walker Housing Loan Fund (OWHLF) is a program designed to help Utah residents and families who need funds to get into a home. This fund was developed to assist people who fall into the following categories:

• developmentally disabled people
• first-time homebuyers
• homeless people
• low-income families
• Native Americans
• physically disabled people
• residents with special needs
• victims of abuse

Although the OWHLF sets its own lending rates, they are based in part on the current Utah mortgage rates. Payments made on OWHLF loans go right back into the general fund to help others.

Foreclosure Prevention with Current UT Mortgage Rates
The Utah Foreclosure Prevention Project is a state-sponsored program that is designed to keep UT residents out of foreclosure. The program includes education on the steps you can take to avoid foreclosure, including refinancing your home loan at current Utah mortgage rates.

Housing counseling services are available through the project that can help you understand the steps involved. Understanding how to work with your lenders is a key part in the process of preventing foreclosure. The counseling service offered through the Utah Foreclosure Prevention Project can teach you what information your lenders will need from you.

Utah Individual Development Accounts and Getting a Loan with UT Mortgage Interest Rates
The Individual Development Account (IDA) Program was designed to help Utah residents to save up for a down payment and get into a home. This program allows low-income families to save money and learn about making wise investments.

In order to participate in the program, you must meet certain income requirements and complete financial education training. Once the training is complete, participants choose an asset in which they’d like to invest. Other than home ownership, some of their investment goals may include:

• furthering their education
• securing job training
• obtaining purpose-specific technology
• owning a small business

By using an IDA, you can save for one of these assets and get money back from the program. The program matches your savings 3-to-1 as long as you continue adding money to your account. This program is just one of the unique features open to Utah residents who want to get loans and learn to take advantage of UT mortgage interest rates.