The next step is hunting down the best mortgage for that Layton home for purchasing or refinancing. An excellent starting point is here: simply give us an idea of the type of loan you want. You will receive bids from multiple Layton lenders that will compete to provide a loan at the lowest rate, matching you with nearly 9 Layton mortgage lenders. Your mortgage may be for a new home, refinancing or perhaps a home equity loan - in any case, the best way to start is to see what everybody offers.

How much of a Mortgage?

Mortgage affordability is important to the bank, but crucial for you. As of 2005, the average Layton mortgage payment was $1,129 which will give you an idea of what you can expect even with historically low rates. Our mortgage calculator will help you plug in the critical components so that you can determine how large a home loan is reasonable for your Layton home.

Layton is a major city in Utah with no shortage of reputable mortgage lending institutions. These include financial houses working with us such as: Liberty Mortgage And Investment Inc, First Greensboro Home Equity Inc, Ivory Mortgage Corp.Atlas Home Mortgage Corporation.First Horizon Home Loan Corporation.Accurate Lending llc.America West Bank.Barnes Banking Company.Coventry Mortgage Of Utah Inc.

Layton Mortgage & Real Estate Market

In 2006 Layton housing sales were at an all time high; down recently but leveling off. As of 2005, the median home value in Layton was $147,600. This number is big in comparison to the median home value back in 2000 of $147,700. Layton has a solid home ownership base with 19,145 houses and apartments and 71% of those are occupied by their owners. Despite the current market, historically Layton has been a city where people move, buy and stay - with 63% of homeowners currently paying off a mortgage. About 23% of the city's current homeowners are carrying a second mortgage or home equity loan.

Coventry Home Loans
420 E State Street Eagle, ID	Phone: 208-631-2672 Ask for: Walker Travis
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Housing	Layton, UT	United States
Homes Owned	72.10%	64.07%
Median Home Cost	$191,600	$217,200
Home Appreciation	14.20%	9.80%
Homes Rented	23.42%	21.45%

Location	Population	Median Family Income (2005)
Bountiful	41,301	$55,993
Clearfield	25,974	$38,946
Cottonwood Heights	27,569	$62,814
Kearns	33,659	$45,711
Layton	58,474	$52,128
Logan	42,670	$30,778

Category	Value
Home Equity Loan Only	9%
First Mortgage Only	63%
2nd Mortgage or Home Equity	23%
Homes With No Mortgage	14%
Second Mortgage Only	14%

Mortgage Type	Today	Last Week	Change
30 yr fixed	6.03	6.24	0.035%
15 yr fixed	5.47	5.72	0.046%
5/1 ARM	5.34	5.43	0.017%
3/1 ARM	5.48	5.42	0.011%

Your dream of home ownership, refinancing, or using your homes equity might just be an
application away. Simply fill out our short form and get quotes from mortgage lenders near you!

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