Utah FHA Loans

FHA is the Federal Housing Administration established in 1934 for the purpose of increasing home ownership. Without FHA, qualifing for a loan without a 20% down payment would be difficult. FHA provides insurance to the lender that is lending money for the purchase of a home. These cost are recovered through the upfront and monthly fee associated with the loan.

FHA does not have a minimum credit score, however the lender can require a minimum credit score based on their policies. Just because a lender at "Bank A" won't lend to a 602 credit score, doesn't mean the "Bank B" won't lend. These banking policies which go beyond FHA code are called "overlays". It is important to realize that each bank has different overlays and that you may get approved at one bank and disqualify at another.

Remember, the bank that disqualifies is unlikely to tell you that you can get a loan somewhere else, rather they will try to make you wait until you fit their overlays.

When deciding among Utah FHA lenders, it is important to realize that the FHA code is quite extensive and understanding different bank's overlays can be overwhelming. A smart suggestion is to use a loan officer with at least 10 to 15 years of experience in FHA. If they are closing less than 10 FHA loans a month, you may want to search for someone more well-versed in the field.

The standard down payment for FHA is 3.5%. These funds can only come from your personal assets, gift from a family member, or a city or county grant.  Credit score, work history and Debt-to-Income Ratio are are strongly considered with approving a FHA loan.

To get a detailed analysis and pre-approval for FHA, please fill out the contact information below. 

If you are worried about being denied or need credit repair, Don't worry. 


To find out if you qualify, please click "Apply"


Apply for No Money Down Options Now and See if You Qualify

Please fill out the following information:

  Property Type: Single Family   Town Home   Condo
  County: Salt Lake   Utah   Davis   Weber
  Price Range: <$100k   $100-$150k
$150-$250k   $250k+
  How would you rate your credit: Excellent (720+)   Good (660-719)
Fair (600-659)   Bad (less than 600)

Household annual income:

  Have you purchased or owned a home in the last 3 years: Yes  No
  Best time to be reached for questions:


*There is no cost or obligation to use this service.

Realty Experts and Security National Mortgage Company provide this website for informational and marketing purposes only. The information provided is deemed reliable but is not guaranteed and should be independently verified.Disclaimer: No statement on this site is a commitment to make a loan. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet Loan-to-Value requirements, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines and are subject to change without notice based on applicant’s eligibility and market conditions. Refinancing an existing loan may result in total finance charges being higher over the life of a loan. Reduction in payments may reflect a longer loan term. Terms of any loan may be subject to payment of points and fees by the applicant. SecurityNational Mortgage Co. is an Equal Opportunity Lender. NMLS#3116 NMLS Consumer Access