An FHA loan specialist in Salt Lake City helps borrowers navigate Federal Housing Administration insured loans. These loans are popular in Utah for first time home buyers and those with lower credit scores. Utah law requires all mortgage loan originators to be licensed through the Nationwide Multistate Licensing System (NMLS).
What Does a FHA Loan Specialist in Salt Lake City Cost?
Typical costs for an FHA loan specialist in Utah include an origination fee of 1 percent of the loan amount and an upfront mortgage insurance premium (UFMIP) of 1.75 percent of the loan amount. Annual mortgage insurance premiums (MIP) range from 0.45 percent to 1.05 percent of the loan balance depending on loan term and loan to value ratio. Closing costs in Salt Lake City average 2 to 5 percent of the purchase price. 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
FHA Loan Specialists in Other Utah Cities
Alpine · American Fork · Bountiful · Brigham City · Cedar City · Centerville · Clearfield · Cottonwood Heights · Draper · Eagle Mountain · Farmington · Grantsville · Herriman · Holladay · Hurricane