Home Loans 

Cyprus offers a wide range of purchase mortgage options to assist its members in buying a home.  Our programs cover every option from the first time buyer to a seasoned real estate investor.


Purchase Mortgages

  • FHA Loans- FHA (Federal Housing Administration) loans are the most common mortgage program used by first time buyers.  
  • Conventional Fixed Rate Mortgage-  Cyprus offers a wide range of financing options for those who have decided to make the move to a larger home or find themselves needing to relocate. 
  • Investors- Cyprus offers extremely competitive rates and programs to help experienced members invest in real estate. 
  • Utah Housing- Utah Housing is a program sponsored by the state of Utah that allows certain borrowers to obtain a low fixed rate loan with no money out of pocket. 


Refinance Mortgages

Construction Loans

  • Customized Construction Loan Programs  Get approved for both your construction loan and permanent financing in one easy process.
  • Lot Loans- If you are ready to build but not ready for a construction loan, we offer competitive rates and terms on improved property. 
  • Remodel Your Current Home Cyprus will lend you the money to update, remodel or add on to your current home and base the approval on the “Finished Appraised Value.” 


Home Equity Loans

  • Home Equity Line of Credit (HELOC): A home equity line of credit is different from a second mortgage. Instead of receiving the approved sum up front you can borrow the money as you need it. Like a credit card you can continually borrow money but typically at a lower interest rate.
  • Fixed Rate 2nd Mortgage: A fixed rate 2nd mortgage is great for projects when you know exactly how much money you will need. You will receive funds in one lump sum, with the comfort of knowing your rate will remain the same for the duration of your loan. 


Payment Calculators

Cyprus CU Home Finder

Search for a home using our Home Finder tool. The Home Finder site specializes in assisting buyers and sellers all along Utah's Wasatch Front. Cyprus CU Home Finder contains ALL listings from ALL Real Estate Agents in the State of Utah.

Documents that you will need to apply 

Purchase mortgages

Please provide the following items to help us expedite your loan request. Information must be must be the most recent, consecutive and computer generated.

    • One month of pay stubs
    • Last two years of W-2’s 
    • Last two years of tax returns and schedules
    • Last two months of bank statements for all accounts listed on the loan application (must be official statements not account history, printed eStataments will work)

Additional items needed if applicable

    • If purchase mortgage please provide a copy of the sales contract
    • If self-employed or owner of an LLC or corporation please provide 2 years of 
    • business returns or 1120 S cooperation tax return and K-1’s  Divorce Decree
    • If a bankruptcy, foreclosure, loan modification or short sale has occurred in the 
    • last 7 years please provide the appropriate documentation.

Home Equity Loans

    • Most recent W-2 and paycheck stub
    • Two years of tax returns (if self-employed)
    • A current statement showing the balance of your first mortgage (if applicable)
    • Copy of 1st mortgage note
    • Homeowner's insurance statement 


 Mortgage Advisors

Our mortgage advisors are happy to answer any questions you may have or provide advice on the home financing process. Contact our team at (801) 260-7600 ex. 5340 or feel free to reach out to any advisor below.

Anna Sengsouvanna


Office: 801-260-7600 ext 5313

Lisa Black


Office: 801-260-7600 ext 5311

Gene Johnson

gene johnson

Office: 801-260-7600 ext 5308

Curtis Packer

curtis packer

Office: 801-250-7600 ext 5302

Danielle Darke


(Construction Loans)

Office: 801-260-7600 ext 5331

Lauren Madsen

Lauren Madsen

(Home Equity Loans)

Office: 801-260-7600 ext 5335


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*Free Appraisal: Approved borrowers will receive credit up to $400 towards appraisal costs at time of closing.  Credit issued on front page of HUD settlement statement. Loans subject to credit approval.  Membership required – based on eligibility.  Offer may change without notice.  Cannot be combined with any other offer.  Not available on Short and Sweet, Construction, Home Equity products, or Mortgages already with Cyprus Credit Union. Offer ends 9/30/2016. Equal Housing Lender.