Cottonwood Heights FHA Home Loans

FHA home loans make becoming a home owner easier.
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Why Choose An FHA Loan

FHA loans can offer several benefits to home buyers over other mortgage loans.

Low Down Payment Requirements

Other loans require you to have a larger down payment or equity in your home. FHA loans only require a 3.5% down payment. This is perfect for first-time home buyers or those with limited resources.

Lower Interest Rates

Because HUD provides insurance to the lender, an FHA loan typically has lower rates than other loan programs. This makes your monthly payment more affordable and saves you money.

Flexible Credit Guidelines

You don’t need perfect credit for a FHA home loan. FHA loans have lower credit score requirements and shorter waiting periods if you had a bankruptcy or foreclosure in the past.

What Other Home Buyers Are Saying

Richard Ezekiah
Richard Ezekiah
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Very attentive and helpful. All in all awesome.
Jenica Quisido
Jenica Quisido
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Jason Skinrood was very professional with us. He has helped us with every step until closing. This is our first purchase and had no clue what to do and he made us feel comfortable. My husband and I highly reccomend Jason Skinrood.
Chip Shop
Chip Shop
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Jason is the best to work with. My personal situation was unique and made the process challenging. Jason was able to guide me through every obstacle that came up because he’s a pro! He’s been a loan officer his entire professional career and he knows his stuff! Thank you Skinrood and Supreme for making this happen! John Hill -a happy customer
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Jason was very helpful with getting our family the funding for the house we always wanted. Thank you, Jason!
bobbi jo roscoe-bryan
bobbi jo roscoe-bryan
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It was another Amazing experience working with Jason. He is very knowledgeable, patient and thorough.
Jessica Batson
Jessica Batson
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Jason was amazing. Even when I thought for sure my loan wasn't going to go through, he stuck with it and made it happen! I've used him multiple times and am always satisfied and happy we the end result.
Erik Easton
Erik Easton
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Working with Jason Skinrood on my VA Cash-Out Refi has been easy and seamless… I used Jason’s experience several years ago on a VA Streamlined Refi and that went so well that I knew I had to get back with him on the Cashout Refi. I truly believe that the entire process could not have gone any smoother or quicker. Jason works hard to get us Vets everything we deserve at a fair and up front price… no hidden fees to worry about later. Thanks Jason, I greatly appreciate your strait forward approach to this process. I HIGHLY RECOMMEND Jason for any of your VA loan needs.
Robert Magarrell
Robert Magarrell
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Our experience working with Jason has been by far the best we have ever experienced! We are so grateful for his knowledge and experience with VA loans, that he responds immediately to all of our questions and I have never experienced working with someone that immediately answers the phone the way that Jason does.
Zachary Altvater
Zachary Altvater
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Jason has been great to work with. He's been on top of things from the beginning, and hasn't thrown us any curveballs like other lenders do. We have been working with Jason for over a year now, and he has always stayed in contact and touched bases with us, never forgetting us. It was an easy process, and we have been thrilled with the hospitality.

Cottonwood Heights, Utah FHA Home Loan FAQs

Find answers to your FHA home loan frequently asked questions.

What are the benefits of FHA home loans?

FHA home loans offer a number of benefits over traditional mortgage products. For starters, an FHA loan is available to just about anyone who can meet the basic qualifications. This makes it one of the most accessible loan products on the market. Additionally, FHA home loans only require a 3.5% down payment, which can make them an attractive option for first-time home buyers or those with limited savings. Finally, FHA loans typically have lower interest rates than traditional mortgages.

In addition to the financial benefits, an FHA home loans come with a number of other perks. For instance, VA loans are exempt from certain fees and has a number of protections when buying a home. The FHA Streamline Refinance programs helps save money on your mortgage payment when interest rates drop.

FHA home loans offer significant advantages when compared to other loan programs.

What is the process of getting an FHA Home Loan?

The process of getting an FHA home loan starts with getting preapproved from a loan officer. You’ll need to provide income documentation and possibly bank statements. The lender will also need to run a credit check.

Once you’ve been preapproved for an FHA home loan, it normally takes 30 days or less to close once you have a home under contract.

What Are The Credit Requirements For FHA Home Loans?

Credit requirements for an FHA home loan are less stringent than other loan programs. All borrowers on an application must have at least a 580 FICO score with two or more credit bureaus.

Borrowers must wait two years If you’ve had a bankruptcy, short sale or foreclosure in the past.

What Are The FHA Loan Limits Utah?

FHA has designated loan limits for each county in Utah. The FHA loan limit Utah 2024 is the maximum amount you can borrow for an FHA loan.

You can lookup up the county limit limit using FHA’s loan limit lookup tool here.

Does FHA Require Me To Live In The Home?

FHA does require that you occupy the home as your primary residence. You cannot use an FHA loan to buy a second home or a non-owner occupied investment property.

FHA home loans do allow for a non-occupant co-borrower like a parent or family member. Parents often use an FHA loan to help their children qualify to buy a home.

What Type Of Property Can I Buy With An FHA Home Loan?

FHA loans may be used for the purchase or refinance of the following property types:

    • Single family residenceone unit, attached or detached including town homes
    • Multi-unit – two to four units
    • Mixed Use Property – condominiums & PUDs where the commercial space does not exceed 49%
    • Condominiums – FHA-approved condos
    • Planned Unit Developmentsattached or detached
    • Leaseholds – lease extends ten years past mortgage maturity and is rented at market rate

Begin Your FHA Loan Journey

Schedule a 15-minute consultation to learn more about using an FHA home loan. Get answers to your questions and start your path to home ownership.

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How To Choose A FHA Home Loan Mortgage Lender

When looking for a lender in Cottonwood Heights, Utah to help with your FHA loan, it’s important to find someone who is local and specializes in FHA home loans. Compare your options by finding a loan officer that:

    • Demonstrates knowledge of the FHA loan process and guidelines
    • Has a network of other real estate professionals familiar with FHA loans
    • Is familiar with FHA-required inspections for the area
    • Knows what FHA resources are available to find the latest information
    • Can show exceptional reviews and testimonials from other veterans

Many mortgage lenders in Cottonwood Heights claim to specialize in FHA loans. However, they typically hire loan officers with little to no experience. The lender doesn’t underwrite the loans themselves, have extended closing times up to 45 days, make you work with a team instead of a single person and don’t respond to your inquiries during the process. Plus, you typically end up with a higher interest rate.

Choosing the right lender for your FHA loan Utah could save you thousands of dollars and ensure a positive home buying or refinance experience.


The Department of Housing and Urban Development (HUD) is a federal agency dedicated to maintaining and promoting quality affordable housing for Americans. An important part of their mission is providing access to FHA loans, which are mortgages insured by the Federal Housing Administration. FHA loans help borrowers obtain financing with more lenient credit qualifications and lower down payment requirements than traditional mortgage products. This helps families who would otherwise not have access to adequate housing achieve homeownership goals while growing the economy.