Preservation Utah’s Revolving Fund Loan Program provides property holders low-interest loans to restore and rehabilitate significant historic or architectural properties through the state

Faq’s

Exactly what are the terms and interest levels associated with loans?

Our loans provide low monthly premiums predicated on a 20-year amortization routine, however the re payment term when it comes to loan is five years by having a balloon payment for the staying principal and interest due by the end regarding the 5th 12 months. The attention price is fixed at ВЅ regarding the interest that is prime at the full time the loan application is authorized. For example, in the event that interest that is prime is 6%, our rate of interest is fixed at 3%. (more…)