Fields marked with an * are required

Request Information

Short-Term Home Loans

Whether you’re close to retiring, looking to remodel, or just wanting to get out of debt, a short-term mortgage from Deseret First can help get your house in order. Rates are the lowest they’ve been in years. Pay off your home faster, save thousands in interest.

Fixed Rate Products

  • 5 and 10-year terms.
  • Loans held and serviced by Deseret First.
  • No Private Mortgage Insurance (PMI).
  • Options with no upfront cost

Balloon Loans

A Balloon Loan has a 6-year term with payments calculated like a 15 or 30-year loan. When the term of the loan is up, the remaining “balloon payment” is due. At this time, an option is provided to lock the interest rate at the present market rate for an additional 6-year balloon term, or pay the remaining balance in full.

  • 6-year term.
  • Loans held and serviced by Deseret First.
  • No Private Mortgage Insurance (PMI).

With so many options available, let Deseret First help find the right loan for you. Call a Deseret First Mortgage Officer at 801-456-7590 or 1-800-326-3328 ext. 7590, M-F 8:30 am- 5:30 pm.

APPLY NOW

Term Rate APR
5 Year Short Term Fixed-Rate 3.50% 3.50%
6 Year Balloon (15 or 30 Year Amoritization) 4.125% 4.125%
10 Year Short Term Fixed-Rate 3.75% 3.75%

10-year Fixed Payment-Monthly payments for a $180,000 loan with a 20% down payment and an interest rate of 6.00% (6.228% Annual Percentage Rate) would be $1998.37 for 120 months. The purchase transaction payment listed is an example only and does not include taxes or insurance premiums. Actual obligation amount may be greater. Membership and eligibility required, OAC.

6-year Balloon Payment-Monthly payments for a $180,000 loan with a 20% down payment and an interest rate of 6.00% (6.00% Annual Percentage Rate) would be $1079.19 for 72 months. On month 73, the final payment will come due in the amount of $165,595.56. The transaction payment listed is an example only and does not include taxes or insurance premiums. Actual obligation amount may be greater. Membership and eligibility required, OAC.

Loan Calculator...

Total Loan Amount ($)
Annual interest rate (%)
Term of loan (months)
Estimated Monthly Payments:
$ 0
Apply Now

SAVE MONEY ON YOUR MORTGAGE

Find the Loan to fit YOUR budget! Our loan officers will help you find what’s best for you with new purchases or refinances!
Learn More

VISA CREDIT CARDS THAT PAY YOU

Get a Credit Card that puts money back in your pocket with us!
Learn More