Your Home Appraisal is Free When You Buy or Refinance With UFirst*
Investing in a new home can have a lot of up-front expenses. That's why UFirst has your back with free
home appraisals up to $500 when you buy or refinance your home with UFirst. This gives you fewer
out-of-pocket expenses when buying your new home, and an extra few hundred dollars for things like movers or
about obtaining your free appraisal by contact our Mortgage experts today. We're here for you through
every step to make your home-buying process as simple and affordable as possible. Call our Mortgage team
today at 801-481-8840.
*UFirst offers up to $500 towards appraisal costs on new purchases or refinance loans when
the purchase or refinance is completed with UFirst Credit Union. Appraisal costs up to $500
will be deducted from loan closing costs after the loan has funded; any
amount exceeding that $500 credit is the responsibility of the lendee.
This promotion cannot be combined with other offers. Limit one appraisal credit per
household. Promotion valid 05/05/2021 through 10/31/2021. NMLS #654272 Loans subject to credit
approval. See current rates and terms.
The credit score required to qualify for an auto loan is relative to the lender. On average, the borrower needs a score in the low 700s for a new car loan and mid-600s for a used car loan.
A borrower's credit history tells the lender whether or not they are high or low risk. When getting approved for an auto loan, most financial institutions will look at the borrower’s industry-specific auto FICO® Score3, along with their base FICO® Score from the three consumer credit reporting bureaus: Equifax, Experian and TransUnion.
This credit score also determines the borrower’s interest rate on the loan. Typically, to get an interest rate between 0–2% on new car loans, the lender will require a credit score of 700 or higher. Reversely, if a borrower finds themselves with a credit score in the mid-600s or low 500s to low 600s, they may expect a lender to give an interest rate three to five times higher (between 10–24%) than those with good or excellent credit.
You can check your FICO® Score for free on our free mobile app, UFirst.
Refinancing your auto loan is a great and easy way to save money on your car payments and to lower the interest rate on your auto loan.
In order to refinance your auto loan, you’ll need to gather the right information and documents. All the necessary information would be the car mileage, VIN number, current car loan numbers, driver’s license, and income verification. After gathering this information, you can refinance your loan with the same lender or with a different financial institution.
After applying, the bank or credit union will check your credit history and let you know if you qualify for a lower interest rate. After approval, the bank or credit union will work with you to set your new loan term to a lower monthly car payment.