FHA Loan Specialists in Herriman, UT
Compare fha loan specialists in Herriman. Review contact information and insurance categorys before you decide.
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State Mortgage Licensing Authority of Utah before hiring.
Showing 2 fha loan specialists in Herriman, UT
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What Does a FHA Loan Specialist in Herriman Cost?
Typical costs for an FHA loan in Utah include an upfront mortgage insurance premium (UFMIP) of 1.75 percent of the loan amount and an annual mortgage insurance premium (MIP) ranging from 0.45 to 1.05 percent. Closing costs in Herriman usually range from 2 to 5 percent of the loan amount. This is general information and 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 Herriman Utah?
For 2024 the FHA loan limit for a single family home in Salt Lake County which includes Herriman is $498,257. This limit applies to most areas and may be higher for duplexes or larger properties.
Do FHA loans require a down payment in Utah?
Yes FHA loans require a minimum down payment of 3.5 percent of the purchase price. This down payment can come from a gift or a down payment assistance program approved by the lender.
What credit score is needed for an FHA loan in Herriman?
Most lenders require a minimum credit score of 580 for a 3.5 percent down payment. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment.