Mortgage rates
Current mortgage rates · week of June 18, 2026
| Week | 30-yr / 15-yr fixed |
| June 18, 2026 | 6.47% / 5.81% |
| June 11, 2026 | 6.52% / 5.84% |
| June 4, 2026 | 6.48% / 5.79% |
| May 28, 2026 | 6.53% / 5.87% |
| May 21, 2026 | 6.51% / 5.85% |
| May 14, 2026 | 6.36% / 5.71% |
| May 7, 2026 | 6.37% / 5.72% |
| April 30, 2026 | 6.30% / 5.64% |
U.S. weekly averages — Freddie Mac Primary Mortgage Market Survey via FRED.
Utah Mortgage Overview
Utah is a gorgeous place to live and offers many benefits. With just over 3 million people living there, and the median home price of $575,000 it's easy to see why people live in Utah.
If you're thinking about buying a home in this beautiful state, here are your loan options:
Utah conventional loans
Utah conventional loans are a great way to buy a home. You need just a 660 credit score and 3 percent down payment if you're a first-time buyer and 5 percent if you owned a house before. If you put less than 20 percent down, you'll need PMI, but you can cancel it once you owe less than 80 percent of the home's value. Conventional loans have flexible debt ratio requirements up to 40 percent.
Utah FHA loans
FHA loans are flexible and easy to qualify for, with just a 580 credit score. Borrowers need 3.5 percent down. If you have a 500 - 579 credit score, you'll need a 10 percent down payment, but only 3.5 percent has to come from your funds. Down payment assistance may help with the rest.
Utah VA loans
Veterans of the military sacrificed their time and lives and the VA rewards them with 100 percent financing. As long as you served 181 days during peacetime or 90 days during wartime, you may qualify. You can have a debt-to-income ratio as high as 50 percent. VA loans don't have mortgage insurance but you will pay an upfront funding fee in most cases.
Utah USDA loans
If you don't qualify for the above loans, the USDA loan may be an option. You must live in a rural area, but the USDA has loose guidelines regarding what's rural. You'll need a 640 credit score and prove that you can afford all your debts including the consumer debts you currently carry. Only first-time homebuyers or those who haven't owned a home in 3 years are eligible.
First-Time Homebuyer
Programs in Utah
Utah Housing Corp Home Loan
First-time homebuyers with a 620+ credit score and qualifying income up to $8,900 a month may qualify for a low-interest fixed rate loan. This is the first step to buying your first home in Utah and is required if you need down payment assistance.
Down payment assistance
Many lenders throughout Utah offer the down payment assistance program which may provide up to 100 percent of the funds needed for the down payment and closing costs.
SCORE
The Utah SCORE loan is for borrowers with credit issues but who can prove they can afford the loan. You need a 620 credit score and may be eligible for down payment assistance. You need to meet the income guidelines like any other state-funded program, but it's a great way to buy your first home if you have credit issues.