Utah FHA Loan Rates, Closing Costs & Stats

Utah

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Utah FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Utah averaged 6.15% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Utah's average FHA mortgage closing costs are $11,051.

    The average rate for the prior week (2025-03-28) was 6.14% and one month ago for the week of 2025-02-28, the average rate was 6.33%.

    The average rate one year ago was 6.65%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.31%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Utah FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Utah level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 1,569 6.01% $15,098
    DHI MORTGAGE COMPANY, LTD. 730 5.55% $9,697
    FIRST COLONY MORTGAGE CORPORATION 710 6.07% $17,172
    GUILD MORTGAGE COMPANY 704 6.23% $17,360
    SECURITYNATIONAL MORTGAGE COMPANY 686 6.45% $19,089
    QUICKEN LOANS, LLC 534 6.16% $15,616
    INTERCAP LENDING INC. 411 6.24% $15,971
    Century Mortgage Company DBA Century Lending Company 375 6.02% $15,023
    Plains Commerce Bank 259 6.42% $18,129
    RANLIFE, INC. 225 6.13% $19,150
    MY MOVE MORTGAGE, LLC 203 5.93% $17,778
    PENNYMAC LOAN SERVICES, LLC 181 5.93% $13,753
    The Loan Store, Inc. 171 6.12% $15,281
    MOUNTAIN AMERICA 160 5.62% $12,216
    FREEDOM MORTGAGE CORPORATION 154 6.26% $17,490
    Paramount Residential Mortgage Group, Inc. 152 6.40% $16,675
    SECURITY HOME MORTGAGE, LLC. 146 6.20% $16,455
    BROKER SOLUTIONS, INC. 136 6.50% $16,119
    LOANDEPOT.COM, LLC 127 5.99% $17,422
    CROSSCOUNTRY MORTGAGE, LLC 124 6.38% $17,020
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 118 6.34% $17,009
    Bank of Utah 116 6.30% $9,674
    CASTLE & COOKE MORTGAGE, LLC 103 6.38% $17,081
    CLM MORTGAGE, INC 97 5.81% $17,263
    CANOPY MORTGAGE, LLC 90 6.18% $16,933
    EAGLE HOME MORTGAGE, LLC 84 5.08% $13,178
    LAKEVIEW LOAN SERVICING, LLC 79 6.16% $10,857
    HOMEAMERICAN MORTGAGE CORPORATION 77 4.86% $10,905
    SUN AMERICAN MORTGAGE COMPANY 75 6.05% $15,049
    DIRECT MORTGAGE, CORP. 73 6.20% $16,663
    NEWREZ LLC 72 6.15% $13,602
    VERITAS FUNDING, LLC 71 6.32% $18,935
    NEST HOME LENDING, LLC 70 5.61% $18,590
    Equity Prime Mortgage LLC 69 7.24% $17,067
    Mr. Cooper ( Nationstar Mortgage ) 58 6.37% $17,444
    CMG MORTGAGE, INC. 54 6.03% $16,401
    PLAZA HOME MORTGAGE, INC. 52 6.61% $14,518
    AMERICAN FINANCIAL NETWORK, INC. 51 6.34% $15,141
    PRIMARY RESIDENTIAL MORTGAGE, INC. 46 6.56% $12,204
    BELEM SERVICING LLC 44 6.33% $14,281
    GUARANTEED RATE, INC. 43 6.08% $14,794
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 43 6.58% $11,521
    VILLAGE CAPITAL MORTGAGE 41 6.22% $10,457
    PRIMELENDING, A PLAINSCAPITAL COMPANY 37 6.24% $17,390
    GOLDENWEST 36 6.02% $13,314
    Sierra Pacific Mortgage Company, Inc. 33 6.11% $14,709
    PREMIER MORTGAGE RESOURCES, L.L.C. 33 6.59% $13,814
    Northpointe Bank 33 5.88% $18,616
    Carrington Mortgage Services, LLC 31 6.21% $16,471
    GARDNER FINANCIAL SERVICES, LTD. 31 6.61% $17,348
    AMERICA FIRST 31 6.44% $12,848
    ON Q FINANCIAL, INC. 29 6.47% $13,686
    AMERICAN PACIFIC MORTGAGE CORPORATION 29 6.56% $14,222
    JMAC LENDING, INC. 29 6.08% $12,642
    LOANPAL, LLC 27 5.74% $15,401
    NATIONS RELIABLE LENDING, LLC 27 5.94% $15,341
    AMERICAN FINANCING CORPORATION 26 5.81% $17,006
    CARDINAL FINANCIAL 26 6.22% $16,178
    GUARANTEED RATE AFFINITY, LLC 26 6.13% $16,513
    American Mortgage & Equity Consultants, Inc. 24 6.36% $17,877
    Utah Mortgage Loan Corporation 24 6.22% $12,648
    AXIA FINANCIAL, LLC 22 6.43% $17,169
    Flagstar Bank, FSB 21 6.16% $12,717
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 20 6.21% $14,528
    VAN DYK MORTGAGE CORPORATION 20 6.39% $13,906
    PLANET HOME LENDING, LLC 19 5.71% $11,419
    SUN WEST MORTGAGE COMPANY, INC. 19 6.06% $19,472
    UTAH COMMUNITY 19 6.05% $13,748
    Hometown Equity Mortgage, LLC 19 6.32% $15,940
    HOMESIDE FINANCIAL, LLC 18 6.49% $16,917
    INSPIRE HOME LOANS INC. 17 5.65% $18,168
    AMERISAVE MORTGAGE CORPORATION 16 6.13% $17,452
    PACIFIC RESIDENTIAL MORTGAGE, LLC 15 6.51% $18,965
    MUTUAL OF OMAHA MORTGAGE, INC. 14 6.63% $19,525
    BAY EQUITY LLC 14 6.06% $15,327
    CITYWIDE HOME LOANS, LLC 13 6.27% $15,558
    ALAMEDA MORTGAGE CORPORATION 13 6.62% $18,451
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 13 6.10% $14,873
    Franklin Loan Corporation 13 6.10% $16,276
    Network Funding, L.P. 12 6.26% $16,183
    S1L, Inc. 11 6.24% $16,446
    Cornerstone First Mortgage, Inc 10 6.25% $17,219
    AmeriHome Mortgage Company, LLC 10 6.46% $7,932
    MICHIGAN MUTUAL, INC. 9 5.81% $18,086
    MID AMERICA MORTGAGE, INC. 9 6.75% $10,689
    CYPRUS Federal Credit Union 8 6.25% $14,178
    CITY FIRST MORTGAGE SERVICES, L.L.C. 8 6.59% $15,275
    The Federal Savings Bank 8 6.34% $22,458
    MORIA DEVELOPMENT, INC. 8 6.77% $15,148
    HOMEBRIDGE FINANCIAL SERVICES, INC. 7 5.66% $19,601
    AMERICAN FINANCIAL RESOURCES, INC. 7 6.32% $16,260
    Barrington Bank & Trust Company, N.A. 7 6.45% $14,755
    SWBC MORTGAGE CORPORATION 7 6.23% $9,677
    Glacier Bank 7 5.95% $15,052
    CORNERSTONE HOME LENDING, INC. 7 6.57% $17,727
    UNION HOME MORTGAGE CORP. 7 6.41% $18,296
    Bank of England 6 6.42% $19,539
    U.S. Bank 6 6.31% $11,829
    Ixonia Bank 5 6.83% $16,409
    KeyBank 5 6.15% $15,837
    City Lending Inc. 4 7.69% $21,395
    BETTER MORTGAGE CORPORATION 4 5.63% $12,935
    Encompass Lending Group, LP 4 6.53% $15,912
    Nations Lending Corporation 4 6.34% $17,117
    ZILLOW HOME LOANS, LLC 4 6.44% $13,576
    JPMorgan Chase Bank 3 6.46% $9,034
    CALCON MUTUAL MORTGAGE LLC 3 6.54% $19,936
    TOP FLITE FINANCIAL, INC. 3 6.08% $18,516
    TOWNE MORTGAGE COMPANY 3 5.79% $12,823
    Zions Bank 3 6.33% $11,734
    Mortgage Research Center, LLC 3 6.16% $5,606
    PHH Mortgage Corporation 3 5.91% $12,571
    MOVEMENT MORTGAGE, LLC 3 6.75% $14,186
    SCENIC OAKS FUNDING, INC. 2 6.19% $17,024
    NBKC BANK 2 5.81% $12,574
    CHURCHILL MORTGAGE CORPORATION 2 6.50% $13,501
    MORTGAGEONE, INC. 2 6.13% $12,274
    PREMIA MORTGAGE, LLC 2 6.50% $12,090
    Cache Valley Bank 2 5.44% $12,048
    NATIONS DIRECT MORTGAGE, LLC 2 6.19% $13,443
    Prosperity Home Mortgage, LLC 2 5.94% $18,464
    LADERA LENDING, INC. 2 6.19% $17,847
    OPEN MORTGAGE, LLC 2 5.63% $14,489
    NORWICH COMMERCIAL GROUP, INC. 2 6.00% $6,862
    RESIDENTIAL BANCORP 2 5.87% $13,730
    V.I.P. MORTGAGE, INC. 2 7.25% $14,433
    Waterstone Mortgage Corporation 2 6.06% $23,579
    Wells Fargo Bank 2 7.00% $8,853
    GENEVA FINANCIAL, LLC 1 6.63% $25,238
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 5.99% $12,800
    NP, Inc. 1 6.13% $11,807
    OCMBC, INC. 1 7.25% $10,188
    NFM, INC. 1 6.13% $11,802
    PENTAGON FEDERAL CREDIT UNION 1 5.75% $12,950
    M&T Bank 1 6.75% $11,174
    D. L. Evans Bank 1 5.75% $11,985
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.63% $13,042
    Arvest Bank 1 6.50% $9,258
    Ameris Bank 1 6.75% $14,717
    SUMMIT FUNDING, INC. 1 6.63% $15,563
    Summit Mortgage Corporation 1 6.13% $17,678
    Sunflower Bank 1 6.13% $14,887
    Meridian Bank Corporation 1 6.25% $18,293
    Texana Bank 1 5.00% $31,504
    EVERETT FINANCIAL, INC. 1 6.38% $14,340
    LAND HOME FINANCIAL SERVICES, INC. 1 7.00% $20,601
    The Union Bank Company 1 5.75% $10,848
    FirstBank 1 6.75% $14,713
    JMJ FINANCIAL GROUP 1 6.63% $17,838
    Goldwater Bank, N.A. 1 6.25% $13,134
    FLAT BRANCH MORTGAGE, INC. 1 6.25% $15,851
    INTELLILOAN, INC. 1 6.00% $13,949
    Home Mortgage Alliance Corp 1 7.63% $14,978
    Willamette Valley Bank 1 6.25% $29,560
    North American Savings Bank, F.S.B. 1 7.00% $6,261

    The top Utah FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 1,569 FHA loans originated. Their average total fees are $15,098, which is $5,401 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee Utah FHA lenders (with over 10 loans originated) are AmeriHome Mortgage Company, LLC ($7,932), Bank of Utah ($9,674), DHI MORTGAGE COMPANY, LTD. ($9,697), VILLAGE CAPITAL MORTGAGE ($10,457) and LAKEVIEW LOAN SERVICING, LLC ($10,857).

    The lowest rate Utah FHA lenders (with over 10 loans originated) are HOMEAMERICAN MORTGAGE CORPORATION (4.86%), EAGLE HOME MORTGAGE, LLC (5.08%), DHI MORTGAGE COMPANY, LTD. (5.55%), NEST HOME LENDING, LLC (5.61%) and MOUNTAIN AMERICA (5.62%).

    Utah FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    NON-METRO BEAVER 2022 $420,680 $538,650 $651,050 $809,150
    OGDEN-CLEARFIELD, UT BOX ELDER 2020 $646,300 $827,400 $1,000,100 $1,242,900
    LOGAN, UT-ID CACHE 2022 $420,680 $538,650 $651,050 $809,150
    PRICE, UT CARBON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO DAGGETT 2022 $420,680 $538,650 $651,050 $809,150
    OGDEN-CLEARFIELD, UT DAVIS 2020 $646,300 $827,400 $1,000,100 $1,242,900
    NON-METRO DUCHESNE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO EMERY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO GARFIELD 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO GRAND 2022 $420,680 $538,650 $651,050 $809,150
    CEDAR CITY, UT IRON 2022 $420,680 $538,650 $651,050 $809,150
    PROVO-OREM, UT JUAB 2022 $508,300 $650,700 $786,550 $977,500
    NON-METRO KANE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MILLARD 2022 $420,680 $538,650 $651,050 $809,150
    OGDEN-CLEARFIELD, UT MORGAN 2020 $646,300 $827,400 $1,000,100 $1,242,900
    NON-METRO PIUTE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO RICH 2022 $447,350 $572,700 $692,250 $860,300
    SALT LAKE CITY, UT SALT LAKE 2022 $523,250 $669,850 $809,700 $1,006,250
    NON-METRO SAN JUAN 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO SANPETE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO SEVIER 2022 $420,680 $538,650 $651,050 $809,150
    HEBER, UT SUMMIT 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    SALT LAKE CITY, UT TOOELE 2022 $523,250 $669,850 $809,700 $1,006,250
    VERNAL, UT UINTAH 2022 $420,680 $538,650 $651,050 $809,150
    PROVO-OREM, UT UTAH 2022 $508,300 $650,700 $786,550 $977,500
    HEBER, UT WASATCH 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    ST. GEORGE, UT WASHINGTON 2022 $481,850 $616,850 $745,650 $926,650
    NON-METRO WAYNE 2022 $420,680 $538,650 $651,050 $809,150
    OGDEN-CLEARFIELD, UT WEBER 2020 $646,300 $827,400 $1,000,100 $1,242,900
    NON-METRO BEAVER 2023 $472,030 $604,400 $730,525 $907,900
    OGDEN-CLEARFIELD, UT BOX ELDER 2023 $744,050 $952,500 $1,151,400 $1,430,900
    LOGAN, UT-ID CACHE 2023 $492,200 $630,100 $761,650 $946,550
    PRICE, UT CARBON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO DAGGETT 2023 $472,030 $604,400 $730,525 $907,900
    OGDEN-CLEARFIELD, UT DAVIS 2023 $744,050 $952,500 $1,151,400 $1,430,900
    NON-METRO DUCHESNE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO EMERY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO GARFIELD 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO GRAND 2023 $543,950 $696,350 $841,750 $1,046,050
    CEDAR CITY, UT IRON 2023 $472,030 $604,400 $730,525 $907,900
    PROVO-OREM, UT JUAB 2023 $601,450 $769,950 $930,700 $1,156,650
    NON-METRO KANE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MILLARD 2023 $472,030 $604,400 $730,525 $907,900
    OGDEN-CLEARFIELD, UT MORGAN 2023 $744,050 $952,500 $1,151,400 $1,430,900
    NON-METRO PIUTE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO RICH 2023 $531,300 $680,150 $822,150 $1,021,750
    SALT LAKE CITY, UT SALT LAKE 2023 $619,850 $793,500 $959,200 $1,192,050
    NON-METRO SAN JUAN 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO SANPETE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO SEVIER 2023 $472,030 $604,400 $730,525 $907,900
    HEBER, UT SUMMIT 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    SALT LAKE CITY, UT TOOELE 2023 $619,850 $793,500 $959,200 $1,192,050
    VERNAL, UT UINTAH 2023 $472,030 $604,400 $730,525 $907,900
    PROVO-OREM, UT UTAH 2023 $601,450 $769,950 $930,700 $1,156,650
    HEBER, UT WASATCH 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    ST. GEORGE, UT WASHINGTON 2023 $593,400 $759,650 $918,250 $1,141,150
    NON-METRO WAYNE 2023 $472,030 $604,400 $730,525 $907,900
    OGDEN-CLEARFIELD, UT WEBER 2023 $744,050 $952,500 $1,151,400 $1,430,900

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).