FHA Loan Specialists in Draper, UT
Directory of fha loan specialists in Draper, Utah. Verify credentials with the state state mortgage licensing authority before hiring.
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the
State Mortgage Licensing Authority of Utah before hiring.
Showing 20 fha loan specialists in Draper, UT
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
FHA loan specialists in Draper, Utah help homebuyers secure government-backed mortgages with lower down payments and flexible credit requirements. Utah law requires all mortgage loan originators to be licensed through the Nationwide Multistate Licensing System (NMLS). Draper residents benefit from specialists who understand local market conditions and Utah-specific property tax laws.
What Does a FHA Loan Specialist in Draper Cost?
Typical costs for an FHA loan in Utah include an upfront mortgage insurance premium (UFMIP) of 1.75 percent of the loan amount, plus an annual MIP of 0.15 to 0.75 percent depending on loan term and down payment. Lender origination fees range from 0.5 to 1.5 percent of the loan amount. Third-party costs such as appraisal, title insurance, and recording fees add $2,000 to $5,000. Costs vary by case and lender. This is general information, not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What is an FHA loan and how does it work in Draper Utah?
An FHA loan is a mortgage insured by the Federal Housing Administration, allowing lower down payments as low as 3.5 percent. In Draper, these loans are popular for first-time buyers and those with moderate credit scores. Utah lenders must follow FHA guidelines and state licensing rules.
What are the FHA loan limits for Draper Utah in 2025?
For 2025, the FHA loan limit for a single-family home in Salt Lake County, which includes Draper, is $524,225 for low-cost areas and up to $1,209,750 for high-cost areas. Limits are adjusted annually based on median home prices. A specialist can confirm current limits for your specific property.
Do I need a special license to be an FHA loan specialist in Utah?
Yes, all mortgage loan originators in Utah must hold a valid license through the NMLS and complete annual continuing education. Utah Code Title 7, Chapter 23 governs mortgage licensing. FHA approval also requires meeting federal standards set by HUD.