Advanced Funding Home Mortgage Loans

Mortgage Broker serving Salt Lake City, UT

About Advanced Funding Home Mortgage Loans

Advanced Funding operates as a local mortgage broker primarily serving the Utah market. The company distinguishes itself by working with a network of various mortgage lenders, enabling them to offer a wide array of home loan options tailored to individual borrower needs.

They specialize in guiding prospective homebuyers and those looking to refinance through the complexities of the loan process. Their offerings include popular government-backed programs like FHA, VA, and USDA loans, known for their flexible qualification criteria and low or zero down payment options. Additionally, they provide conventional loans, jumbo loans for high-value properties, reverse mortgages, and non-qualified mortgages (Non-QM) for borrowers who may not fit traditional lending guidelines, such as those with lower credit scores or unique financial situations.

Advanced Funding emphasizes personalized solutions, assisting clients by evaluating factors such as credit score, income, and debt to determine the best mortgage fit. They facilitate the process with accessible online tools, including application portals and various calculators, aiming to simplify home financing for their Utah clientele.

Company Information

Lender Type: Mortgage Broker

Licensed In

UT

Digital Capabilities

Online Application
Online Account Management
Rate Calculator
Pre-Qualification Tool

Home Loan Products

Conventional Mortgage (Fixed Rate)

Loan Types:
ConventionalRefinance
Rate Types:
Fixed Rate
Property Types:
Single-Family Home
Occupancy Types:
Primary ResidenceSecond HomeInvestment Property
Income Verification:
Full Documentation
Special Programs:
Low Down Payment ProgramFirst-Time Homebuyer
Credit Tiers:
Good (680-739)Fair (620-679)
3%
Min Down Payment
97%
Max LTV
620
Min Credit Score

Conventional Mortgage (Adjustable Rate - ARM)

Loan Types:
ConventionalRefinance
Rate Types:
Adjustable Rate (ARM)
Property Types:
Single-Family Home
Occupancy Types:
Primary ResidenceSecond HomeInvestment Property
Income Verification:
Full Documentation
Available Terms:
30 years
Credit Tiers:
Good (680-739)Fair (620-679)
3%
Min Down Payment
97%
Max LTV
620
Min Credit Score

FHA Mortgage Loans

Loan Types:
FHARefinance
Property Types:
Single-Family Home
Occupancy Types:
Primary Residence
Income Verification:
Full Documentation
Special Programs:
Low Down Payment Program
Credit Tiers:
Fair (620-679)Poor (580-619)Bad (<580)
3.5%
Min Down Payment
96.5%
Max LTV
500
Min Credit Score

VA Mortgage Loans

Loan Types:
VARefinance
Property Types:
Single-Family Home
Occupancy Types:
Primary Residence
Income Verification:
Full Documentation
Special Programs:
Veteran ProgramLow Down Payment Program
0
100%
Max LTV

USDA Rural Housing Loans

Loan Types:
USDA
Property Types:
Single-Family Home
Occupancy Types:
Primary Residence
Income Verification:
Full Documentation
Special Programs:
Low Down Payment Program
0
100%
Max LTV

Jumbo Mortgage Loans

Loan Types:
JumboNon-QM
Property Types:
Single-Family Home
Occupancy Types:
Primary ResidenceSecond HomeInvestment Property
Income Verification:
Full Documentation
Credit Tiers:
Excellent (740+)Good (680-739)
5%
Min Down Payment
95%
Max LTV

Reverse Mortgages

Loan Types:
Reverse Mortgage
Property Types:
Single-Family Home
Occupancy Types:
Primary Residence
Employment Types:
Retired

Cash-Out Refinance

Loan Types:
Cash-Out Refinance
Property Types:
Single-Family Home
Occupancy Types:
Primary ResidenceSecond HomeInvestment Property
Income Verification:
Full Documentation

Non-Qualified Mortgage (Non-QM)

Loan Types:
Non-QM
Rate Types:
Fixed RateAdjustable Rate (ARM)
Property Types:
Single-Family Home
Occupancy Types:
Primary ResidenceSecond HomeInvestment Property
Credit Tiers:
Poor (580-619)Bad (<580)
0
100%
Max LTV

Contact Information

6589 S 1300 E #200
Salt Lake City, UT 84121
US

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Business Information

Category: Mortgage Broker
Location: Salt Lake City, UT
Status: Standard
Type: Mortgage Broker
Profile Views: 0

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