Short-Term Home Loans


Get your house in order

Fixed-rate & ARM Mortgage Options

Whether you’re close to retiring, looking to remodel, or just wanting to get out of debt, a short-term mortgage from Deseret First may be just what you need!
  • pay off your home quicker
  • can be used as a first mortgage, refinancing, remodel, and more
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Short-Term Mortgage Rates
TermRateAPR
5-Year Fixed Rate3.00%3.694%
7/1 ARM3.125%3.432%
10-Year Fixed Rate3.375%3.74%
The annual percentage rates (APRs) listed above represent our best available rates. Your individual rate may be higher depending upon your creditworthiness. Offer subject to change. OAC. Additional products and rates are listed here.

Loan Features


Different term Loans
5, 7/1 ARM, or 10-year terms
Held and Serviced by DFCU
Loans held & serviced by Deseret First
No Private Mortgage Insurance
No mortgage insurance (MI) under 80% loan to value
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What’s an ARM loan?

ARM stands for Adjustable Rate Mortgage. An ARM loan is unique in a few different ways. With the more common fixed payment loan, you only have one term. An ARM loan can change terms during different periods of the loan. For a 7/1 ARM loan, the loan rate is fixed for the 1st 7 years (84 payments). Each year after that, the rate can change. The change is based on the index that is used, plus a margin. The payment is calculated on the new interest rate and can change annually. Talk to a Loan Officer today to see if an ARM is right for you.

Loan Requirements


To qualify, you’ll need:

Overwhelmed with options? We are more than happy to help find your best loan fit. Talk to a Deseret First Loan Officer today at: 801-456-7070; Available weekdays: 8:30am–5:30pm. Additionally, you may visit any Deseret First Branch.

Apply online now
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Payment Examples

The purchase transaction payments listed here are only examples and do not include taxes or insurance premiums. Your actual obligation amount may be greater. Membership and eligibility required, OAC. 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. 7/1 ARM 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 84 months. On month 85, the payment will adjust depending upon the new interest rate.

Let’s make that home your own!

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