Consumer Loans

We offer consumer loans to fit all of your needs, including loans for:

  • Construction Loans
  • Mortgage Loans
  • Refinancing
  • Auto, Boat, and RV Loans  Bank of American Fork offers consumer loans to fit all of your needs.
  • Personal Loans
  • Home Equity Loans 


    • Whether you’re buying your first home, moving up to a little more room or building your dream castle, we can help make it happen. We’ve been helping neighbors put a roof over their heads for more than 90 years. Our team of construction and mortgage loan experts are ready to help make your dream come true.  

    We have programs to meet your specific needs, including:   
     

  • First-time home buyers
  • 100% financing
  • Little or no down payment
  • Grant programs available
  • Self employed
  • Troubled credit
  • Alternative income  

    You may want to consider getting your construction and mortgage loans together to save you time and money. We can streamline the process so you can focus on the important things (like who gets to pick the tile for the entry).  

    • Construction Loans  – You have the perfect lot and the blueprints in hand. We can turn those plans into a housewarming party. We’re a service-first team, with the goal of making your home-building experience a positive one. Our construction loans feature:   
     
  • Competitive rates and prices
  • Quick approval
  • Quick turn-around on draws
  • Immediate availability of loan officers  

    Mortgage Loans – Getting pre-qualified for your mortgage loan will not only help move things along when you do find the perfect home, but it will also help facilitate the construction process if you’re building your home. Our team will work with you to find the best program to fit your particular situation. Some of the choices we offer are:  
    •  
  • Fixed rate loans
  • Adjustable rate loans
  • Jumbo loans
  • FHA/VA loans
  • Utah Housing loans
  • Interest-only loans
  • Sub-prime loans
  • 100% home equity loans
  • Investment and second home loans  


    • Refinancing
    If you already own a home, refinancing may lower your monthly payments and save interest. There are many good reasons to consider refinancing, such as:  

  • A change in interest rate
  • Consolidating debt
  • Paying off a second mortgage
  • Home improvements
  • Changing the type of loan
  • Increasing your cash flow
  • Reinvesting your money  

    • Mortgage Forms:


    Auto, Boat, and RV loans
    Buying a new vehicle or refinancing your current loan? We can usually process your application within 24 hours.      

    Personal Loans
    Personal loans can be used for many purposes. We can tailor a loan with a number of options for repayment. Personal loans may be unsecured or may require collateral depending on the amount you request and your credit history.  

    Home Equity Loans
    Our Equi-Loan program allows you to access a line of credit secured by either a first or second lien on your home, up to 100% of the equity. Once approved, you may use the funds any way you like, and interest is charged only on the portion of your credit line that is outstanding. You may draw money from your loan or pay down the balance as much as you like, at any time during the 10-year term. Some of the most popular uses of Equi-Loans include:
      
  • Home improvement
  • New or used vehicles
  • Second homes
  • Tax payments
  • Emergency medical expenses
  • Vacations
  • Investments  

    A number of repayment options are available, and your interest payments may even be tax deductible (consult a tax advisor). Several no-fee options are available to access your funds, including:
    •  
  • Convenient checks (provided free of charge)
  • Transfers to your checking account using online banking
  • Transfers to your checking account using telephone banking
  • Cash advances or cashiers checks at any Bank of American Fork branch 

    • Loan Form:
    Loan Application
     
    Brochure:
    Mortgage and Construction Loans

    For more information on Consumer Loans call us in Utah County at (801) 642-3456, in Salt Lake County at (801) 428-1046, toll free at (888) 842-3456, or visit one of our 11 branches