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Showing 2 fha loan specialists in North Salt Lake, 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.
At Home Discount Mortgage
640 N Main St #132, North Salt Lake, UT 84054
8017598282
Elevated Lending
1010 N 500 E Suite 101, North Salt Lake, UT 84054
8012989400
What Does a FHA Loan Specialist in North Salt Lake Cost?
Typical costs for an FHA loan in Utah include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual premium of 0.55 percent to 0.85 percent. Closing costs in North Salt Lake generally range from 2 to 5 percent of the purchase price. Appraisal fees are around $500 to $700. These costs vary by lender and borrower qualifications. 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 are the FHA loan limits for North Salt Lake Utah?
For 2024 the FHA loan limit for a single family home in Davis County is $498,257. This limit applies to North Salt Lake and surrounding areas. Higher limits may apply for duplexes or larger properties.
Do I need a specific license to be an FHA loan specialist in Utah?
Yes. All mortgage loan originators in Utah must hold a valid license from the Utah Department of Financial Institutions. They must also pass a background check and complete pre licensing education.
What is the minimum credit score for an FHA loan in Utah?
The standard minimum credit score for an FHA loan is 580. However some lenders in Utah may require a higher score. Borrowers with scores between 500 and 579 may still qualify with a 10 percent down payment.