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Utah FHA Refinance
As of February 22, 2025, a 30-year fixed FHA loan in Utah is 5.625%(6.534%APR).
Customize Utah FHA loan rates for 30-year, 20-year or 15-year terms. You’ll also find the maximum and minimum lending limits set by the Federal Housing Administration for every county in Utah.
Looking to Refinance Your FHA Loan or Remove PMI? Use Our FHA Refinance Calculator
An FHA refinance is available in fixed rate, adjustable rate, and as a streamline.
↓ Try Our Utah FHA Mortgage Calculator ↓
FHA Streamline
- Are you currently in an FHA loan?
- Do you want to lower your monthly payment, even if you are upside down in your current loan?
- Has your home lost value since your original purchase?
- Is today’s interest rate lower than when you closed on your current loan?
FHA streamline refinance is a program designed for homeowners who have an FHA loan, whose homes have depreciated in value since they closed on their loan, or who are currently paying a higher interest rate than is presently offered.
- You can choose an arm or 15-year or a 30-year fixed term.
- You are not required to have your home re-appraised.
- You do have to meet debt to income requirements.
We take pride in being Utah’s authority in FHA mortgage refinancing. You can bank on our wealth of experience and unparalleled expertise in FHA Streamline Refinance to help you cut down the interest rate on your current mortgage. This refinancing option requires less paperwork to reduce your headaches and further minimize your expenses.
Our experienced mortgage planners will definitely put your best interest above everything else. We do everything we can to make this process as trouble-free as possible.
Whether you need some information about mortgage refinancing in Utah, or you are ready to begin with the process, you can count on our team to help you every step of the way. Contact us today to get started!
Start an FHA Refinance Application
FHA Adjustable Rate
- Do you have less than perfect credit and still want to qualify for a home loan?
- Are you lacking cash to use as a down payment, or have less than 20% equity in your home?
FHA home loans are one of the easiest loans to qualify for, especially if you have faced financial difficulty in the past, have less than perfect credit, or lack equity or cash for closing. These government-insured loan programs enable lenders to take more risk with qualifying people for a loan, which opens up the opportunity for more Americans to own their own home. Your credit score can be as low as 580 to qualify. For a primary residence, you can refinance up to 97.75% of your home’s value, and you can purchase a place with as little as 3.5% down. Pre-payment penalties do not apply, and you can select a fixed rate using a 30, 25, 20 or 15 year term.
What an FHA Refinance Does for You
- Do you want to take advantage of today’s lowest possible interest rate, but have struggled with your credit in the past?
- Do you plan on refinancing, or moving in the next five years?
An FHA variable rate loan gives you the benefit of today’s low-interest rate, while easing up on qualification requirements. FHA home loans are government insured, which mitigates loan risk for lenders. After the initial five-year fixed rate, your interest rate will increase or decrease annually over the duration of the loan, depending on the fluctuation of the interest rate. If you have at least a 580 credit score, and 3.5% down payment for a primary home you may qualify for an FHA variable rate mortgage loan. You can also refinance up to 97.75% of your primary home’s current value. If you are planning a move in the next few years, or simply want to take advantage or today’s low rates, this is a great option for you.
An FHA refinance is available in three types: a fixed rate, an adjustable rate, and as a streamline loan. Each type has its own benefits so homebuyers might find one more suitable than the other. Collectively speaking, an FHA refinance has multiple benefits.
- First, FHA loans have no prepayment penalties. So, if you eventually decide to refinance or sell your home, you no longer have to deal with the fees included in other loan types.
- Second, FHA loans are assumable. The outstanding mortgage and loan terms are transferable from the current homeowner to the new buyer. In other words, the buyer can just continue paying the remaining debt instead of applying for a new loan. As such, the financing arrangement is something you can market if you decide to sell the house at a later date.
- Third, FHA loans generally have a higher approval rate than other types of mortgage programs. This type of loan opens more opportunities to homeownership as long as you meet the requirements, which include a stable source of income and a good credit score, as well as other requirements.
Consider applying for a fixed-rate, adjustable-rate, or streamline FHA refinance today.
City Creek Mortgage
11910 South State Street #100, Draper
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I’ve now used city Creek mortgage twice and I can’t imagine ever working with anyone else. Every person on that team is so thoughtful, proactive and professional. I felt like I was in good hands every step of the way and it made the house … More buying process nearly painless. I will definitely be working with them again and can’t sing their praises enough. Shout out especially to Sefa and Alexis - They are amazing.
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I had an excellent experience with City Creek Mortgage! Marisol was incredibly helpful and made the entire process seamless. Her communication was top-notch—she kept me informed every step of the way and answered all my questions promptly. … More I truly appreciated her professionalism and would absolutely work with her again in the future. Highly recommend City Creek Mortgage and Marisol for anyone looking for exceptional service!
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Recently closed on my home and The team at City Creek were the BEST ! Jordan, Marisol and there team had the process done and over in about 3 weeks, start to closing ! They were very professional and courteous, and made the experience hassle … More free. I would highly recommend City Creek and I will continue to work with them and expect to be working with them again !!!
Thanks City Creek! And a BIG shout out to Jordan and Marisol !!
Thank You -
City Creek Mortgage is simply outstanding! Troy, Nicole, and Marisol went above and beyond to make the entire process seamless and stress-free. Their professionalism, clear communication, and attention to detail were second to none.
If … More you’re looking for a trustworthy, knowledgeable, and efficient mortgage team I highly recommend City Creek Mortgage. Troy, Nicole, and Marisol are the dream team! -
i was lucky enough to get to meet and work with Sefa and Alexis over at City creek mortgage. They were so professional while still making you feel like family. Any questions or concerns that came up they were both at the beck and call ready … More to answer as soon as they could, it made the whole process very fast and assuring.
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I’m not usually one to write Google reviews, but I couldn’t pass up the opportunity to write one for Troy, Nicole, and Lexi at City Creek Mortgage. If you’re looking for a lender who will truly go to bat for you, Troy is the one to call—there’s … More no one else I’d recommend more.
I had a rough time during this home buying process, but Troy went above and beyond to support me through the process. He made sure that every step of the way, I had someone in my corner when things weren’t going right.
Before working with this team, I didn’t fully understand what it meant to be a lifelong customer, but they’ve earned my loyalty for life. The care, dedication, and effort they put into ensuring I got the best deal and felt supported were truly unmatched.
I’ll forever recommend City Creek to anyone who needs a lender. This team is the best, and I can’t thank them enough for everything they’ve done for me
