Mortgage Loans
For the Home of Your Dreams
Ridgeline Credit Union has partnered with The Mortgage Partner for our members long term loan mortgage needs. The Mortgage Partner offers traditional mortgage loans with terms up to 30-years, and handles all of the processing with the highest level of service at competitive rates.
- Traditional mortgages up to 30 years
- Short-term, balloon, and HELOC handled here
- Processed by The Mortgage Partner
Where the rate comes from
We do not post a mortgage rate.
Ridgeline Credit Union has partnered with The Mortgage Partner for our members long term mortgage needs, and the rate on a traditional mortgage comes from them, not from us.
Purchase and refinance
Quoted by The Mortgage Partner. Not posted by the credit union.
Traditional mortgage loans, with terms up to 30 years, are offered through The Mortgage Partner. They handle all of the processing, and they set and quote the rate. The credit union does not publish one, so you will not find a mortgage rate on this page.
To get a current rate, call (801) 328-1521 and we will point you the right way, or go straight to The Mortgage Partner and ask them for a quote.
Terms, rates, and conditions on traditional mortgage loans are set by The Mortgage Partner and change with the market. Any rate you are quoted is subject to credit approval, property approval, and membership eligibility.
Working out a payment
Estimate it yourself, then confirm it with a person.
You can get a sense of the payment before anyone quotes you a rate. The financial calculators on our site let you enter a purchase price, a down payment, a term, and a rate, and see what the principal and interest would run.
Remember that a mortgage payment is more than principal and interest. Property taxes and homeowners insurance are usually collected with it, so what leaves your account each month is higher than the calculator shows. Ask The Mortgage Partner for a full estimate before you make an offer, and call (801) 328-1521 if you want to talk it through with someone here first.
Calculator results are estimates only. They are not a quote, not an offer of credit, and not supplied by the credit union.
Which loan
How a home loan works here.
Some of these come from the credit union directly. The long-term mortgage goes to a partner who does nothing else. A loan officer will tell you which one fits.
Traditional mortgage
Terms up to 30 years, offered through The Mortgage Partner. They handle all of the processing with the highest level of service at competitive rates. Start it on their site and we stay in the loop.
Mortgage with a balloon
A shorter schedule with a final lump sum at the end of the term. This one is handled by the credit union directly, so you contact us rather than the partner. Call and we will walk through whether it fits.
Talk to a person first
Missy Seare is our loan officer, at extension 103. She works out of our one office at 564 East 300 South in Salt Lake City. Call before you borrow and she will tell you which loan fits and what it takes to get it.
Run the numbers first
Our financial calculators let you test a purchase price, a down payment, and a term before you talk to anyone. Work out what you are comfortable paying each month, then bring that number to us.
Short-term mortgage
For a shorter payoff than a 30-year term, you can contact the credit union directly or apply online. It stays here at Ridgeline rather than going to the partner.
Home Equity Line of Credit
Put the equity you have already built to work on home improvements, a vacation, or consolidating debt. Handled here at the credit union, and interest may be tax-deductible.
Home Equity Line of Credit
Put Your House to Work
If you own your home, chances are you're sitting on cash in the form of home equity. At Ridgeline Credit Union we can help you put that equity to work with a Home Equity Line of Credit, or HELOC.
- Make home improvements
- Take a vacation
- Consolidate debt
- Interest from your HELOC can be tax-deductible*
Home equity line of credit
- Rate Set when you apply
- Terms Worked out with your loan officer
- Who to ask for Missy Seare, ext. 103
- Where 564 East 300 South, Salt Lake City
The credit union does not publish a home equity line of credit rate. Rates and terms are set when you apply and are subject to credit approval, property approval, and membership eligibility. Property insurance is required.
How it goes
Four steps, two places to start.
Which path you take depends on the loan. If you are not sure which one you need, start with a phone call.
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Work out which loan you need
Traditional mortgages with terms up to 30 years go to The Mortgage Partner. A short-term mortgage, a mortgage with a balloon, or a home equity line of credit is handled here at the credit union.
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Apply
For a traditional mortgage, start on The Mortgage Partner's site. For everything else, apply online, call (801) 328-1521, or come into the office at 564 East 300 South, Monday through Friday, 9:00 AM to 5:00 PM.
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Processing
The Mortgage Partner handles all of the processing on a traditional mortgage. On a credit union loan, a loan officer here works your file and calls you if anything is missing.
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Close
You sign the closing documents and the loan funds. On a loan the credit union holds, you make your payments here and call us with any question about it.
What to have handy
- Two years of W-2s or tax returns, and recent pay stubs
- Two months of statements for every account holding your down payment
- A government-issued photo ID and your Social Security number
- Self-employed? Two years of returns and a year-to-date profit and loss
Not sure which loan you need? Call (801) 328-1521 and ask. Short-term mortgages, mortgages with a balloon, and home equity lines of credit are handled here. A traditional mortgage with a term up to 30 years goes to The Mortgage Partner.
“I have been with this credit union for 23 years. Everybody there knows me by name and they treat me and my wife as if we are their largest customers.”
Jeremiah J. · member for 23 years · Google review
Before you start
Three things worth knowing first.
Ridgeline handles some home loans directly and hands the long-term mortgage to a partner who does nothing else. Knowing which is which saves you a phone call.
Two doors, one relationship
The long-term mortgage runs through The Mortgage Partner. The short-term mortgage, the balloon, and the home equity line of credit stay at the credit union. You are a Ridgeline member either way.
Rates are quoted, not posted
We do not publish a mortgage or home equity rate, because the number depends on the loan, the property, and your credit. Ask for it before you commit to anything, and get it in writing.
The tax question is not ours to answer
Interest on a home equity line of credit can be tax-deductible, and whether yours is depends on your situation. Consult a tax professional for deductibility of interest. We will not guess for you.
Questions
Before you apply.
Who actually makes my mortgage loan?
It depends on the loan. Ridgeline Credit Union has partnered with The Mortgage Partner for our members' long term mortgage needs, and they offer traditional mortgage loans with terms up to 30 years. A short-term mortgage, a mortgage with a balloon, or a home equity line of credit is handled by the credit union directly.
What rate will I get?
We do not publish mortgage or home equity rates. The Mortgage Partner quotes traditional mortgages at competitive rates, and credit union loans are quoted when you apply. Ask for the rate in writing before you commit.
How do I apply for a traditional mortgage?
Visit The Mortgage Partner and start your application there. They handle all of the processing from that point on.
How do I apply for a short-term mortgage, a balloon, or a HELOC?
Contact the credit union directly or apply online. You can also call (801) 328-1521 or come into the office at 564 East 300 South, Salt Lake City, Monday through Friday between 9:00 AM and 5:00 PM.
What can I use a HELOC for?
Home improvements, a vacation, or consolidating debt are the common ones. You draw on the line as you need it. Interest from your HELOC can be tax-deductible; consult a tax professional for deductibility of interest.
Do I have to be a member?
Yes. Membership is open to people who live, work, worship, volunteer, or attend school in Salt Lake City, Utah, to businesses and legal entities located there, to members of record as of September 26, 2017, and to immediate family and household members. Joining takes a $25.00 share deposit. There is no online membership application, so complete one at the office or call and we will mail you one.
Mortgage disclosures
Ridgeline Credit Union has partnered with The Mortgage Partner for our members' long term mortgage needs. The Mortgage Partner offers traditional mortgage loans with terms up to 30 years and handles all of the processing. Terms, rates, and conditions on those loans are set by The Mortgage Partner. Short-term mortgages, mortgages with a balloon, and home equity lines of credit are handled by the credit union directly.
Ridgeline Credit Union does not publish mortgage or home equity line of credit rates. Rates are quoted at application and are subject to change. All loans are subject to credit approval, property approval, and membership eligibility.
*Consult a tax professional for deductibility of interest. Property insurance is required on secured real estate loans.
Ridgeline Credit Union is an Equal Housing Lender. We do business in accordance with the Fair Housing Act and the Equal Credit Opportunity Act. NMLS #402443. Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency. Membership eligibility required. Routing Number: 324078417.