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Conventional loans in Utah

Quick answer

Conventional loans in Utah allow as little as 3% down (about $13,650 on a $455,000 home) with a 620+ credit score, up to the $832,750 baseline conforming limit.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast updated

Conventional loan snapshot for Utah

ItemEstimate
Minimum down payment3%
Minimum credit score620
Typical UT home value$455,000
3.5% down on typical home$15,925
20% down on typical home$91,000
Avg. effective property tax0.53%/yr (~$201/mo)
Income for typical home (31% rule)$137,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Which Utah programs pair with Conventional loans?

  • FirstHome: Loans for first-time buyers with income and price limits.
  • HomeAgain: Assistance for first-time and repeat buyers as a second mortgage.

Details and current limits: Utah Housing Corporation.

How does a conventional loan work?

Conventional loans are made by private lenders and usually sold to Fannie Mae or Freddie Mac. Because they follow those agencies' guidelines, they're called conforming loans. You can choose a fixed rate (15, 20 or 30 years) or an adjustable rate.

Your rate and mortgage insurance cost depend heavily on your credit score and down payment, so improving either before you apply can noticeably lower your payment.

Who qualifies for a conventional loan?

  • Credit score: generally 620 minimum.
  • Debt-to-income (DTI): up to 45%, and sometimes 50% with strong compensating factors.
  • Down payment: 3% (HomeReady, Home Possible, 97% LTV programs) to 5%+.
  • Steady, documented income — usually two years of history.
  • Property: primary homes, second homes and investment properties are all allowed (with higher down payments for non-primary homes).

Conventional loans in Utah cities

Conventional in Salt Lake CityConventional in West Valley CityConventional in West JordanConventional in ProvoConventional in St. GeorgeConventional in OremConventional in SandyConventional in OgdenConventional in LaytonConventional in LehiConventional in South JordanConventional in MillcreekConventional in TaylorsvilleConventional in HerrimanConventional in LoganConventional in DraperConventional in MurrayConventional in Eagle MountainConventional in BountifulConventional in RivertonConventional in Saratoga SpringsConventional in Spanish ForkConventional in RoyConventional in Pleasant GroveConventional in TooeleConventional in Cedar CityConventional in Kearns metroConventional in MidvaleConventional in SpringvilleConventional in American ForkConventional in SyracuseConventional in Cottonwood HeightsConventional in ClearfieldConventional in KaysvilleConventional in HolladayConventional in WashingtonConventional in Magna metroConventional in South Salt LakeConventional in FarmingtonConventional in ClintonConventional in North Salt LakeConventional in PaysonConventional in HurricaneConventional in North OgdenConventional in West HavenConventional in Brigham CityConventional in HighlandConventional in BluffdaleConventional in South OgdenConventional in HeberConventional in CentervilleConventional in SantaquinConventional in SmithfieldConventional in GrantsvilleConventional in VineyardConventional in MapletonConventional in LindonConventional in West PointConventional in Woods CrossConventional in North Logan

Frequently asked questions

Yes. Conventional loans are available statewide in Utah through approved lenders, subject to county loan limits where they apply.

Often yes. Utah Housing Corporation and local programs frequently pair assistance with FHA, conventional, VA or USDA first mortgages. Eligibility depends on income, price and program rules.

Answer a few questions on Purchase Mortgage Loan and we'll match you with lenders and loan officers in our network who serve Utah.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.