Mortgage Rates in Utah 2026 — Best Rates & Options

📋 Reviewed by WiseIQ Editorial Team · Updated April 2026 · Editorially independent

Utah

Navigate the Utah housing market with confidence. WiseIQ helps you find and compare the best mortgage rates, including 30-year fixed, 15-year fixed, FHA, and VA loans, to secure your dream home in the Beehive State.

Utah Financial Snapshot

WISEIQ TOP PICK

PERSONAL LOANS

Upstart

Best for fair & thin credit · AI-powered approval

APR RANGE

7.80%–35.99%

LOAN AMOUNT

$1K–$50K

MIN. CREDIT

300

✓ No prepayment penalty ✓ Funds in 1 business day ✓ Soft pull pre-qualification ✓ Considers education & job history

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No credit score impact

WiseIQ may earn a referral fee if you apply through this link. Rates shown are representative and may vary. See Upstart's website for full terms.

Mortgage in Utah: What You Need to Know

Utah, known as the Beehive State, has a population of 3.4M with a median household income of approximately $72,000. The current unemployment rate stands at 2.7%, which lenders consider when evaluating applications from Utah residents.

3.4M

Population

$72,000

Median Income

2.7%

Unemployment

Major financial hub: Salt Lake City is the primary financial center for Utah residents, with access to both national and regional lenders.

$587,100

Median Home Sales Price (Sept 2025)

$202,000

Median Down Payment (July 2025)

55 Days

Median Days on Market (Sept 2025)

Top Mortgage Lenders in Utah

Primary Residential Mortgage, Inc.

APR Range: 5.49% - 6.99%

Key Benefit: Extensive local expertise and personalized service for Utah homebuyers.

Strong presence across Utah with numerous branches.
Offers a wide variety of loan products, including FHA, VA, and USDA.
Highly-rated for customer satisfaction and smooth closing processes.

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Intercap Lending

APR Range: 5.55% - 7.10%

Key Benefit: Competitive rates and flexible loan options tailored to individual needs.

Known for efficient processing and quick approvals.
Experienced in assisting first-time homebuyers.
Dedicated loan officers providing excellent support.

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SOFI BANK, NATIONAL ASSOCIATION

APR Range: 5.60% - 7.05%

Key Benefit: Modern online application process with competitive rates and no lender fees.

Streamlined digital experience for tech-savvy borrowers.
Offers a range of mortgage products, including jumbo loans.
Excellent customer service and financial planning tools.

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Citywide Home Mortgage

APR Range: 5.45% - 6.95%

Key Benefit: Personalized mortgage solutions with a focus on client education and support.

Strong reputation for transparency and integrity.
Offers conventional, FHA, VA, and USDA loan programs.
Committed to finding the best rates for each client.

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First Colony Mortgage Corporation

APR Range: 5.50% - 7.00%

Key Benefit: Decades of experience serving Utah homeowners with reliable mortgage services.

Long-standing presence and trust in the Utah community.
Expertise in various loan types, including construction loans.
Responsive and knowledgeable team of mortgage professionals.

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Utah Mortgage Rate Comparison Table

Loan Type	Interest Rate	APR	Key Features
30-Year Fixed Mortgage	6.42%	6.58%	Most common, stable monthly payments, ideal for long-term homeowners.
15-Year Fixed Mortgage	5.83%	5.92%	Lower interest rate, faster payoff, higher monthly payments.
30-Year Fixed FHA Loan	6.04%	6.10%	Low down payment (3.5%), flexible credit requirements, government-insured.
30-Year Fixed VA Loan	6.22%	6.27%	No down payment, no mortgage insurance, for eligible veterans/military.
30-Year Fixed Jumbo Loan	6.59%	6.63%	For loan amounts exceeding conforming limits, competitive rates for large mortgages.
5/1 ARM	5.49%	5.99%	Fixed rate for 5 years, then adjusts annually. Lower initial payments.

How to Choose the Best Mortgage in Utah

Choosing the right mortgage can significantly impact your financial future. Here are four essential tips to help you navigate the process in Utah:

Understand Your Financial Situation: Before applying, assess your credit score, debt-to-income ratio, and savings for a down payment. This will help determine which loan types you qualify for and what rates you can expect.
Compare Different Loan Types: Explore options like 30-year fixed, 15-year fixed, FHA, and VA loans. Each has unique benefits and requirements. For instance, FHA loans are great for those with lower credit scores, while VA loans offer exceptional benefits for veterans.
Research Local Lenders: While national lenders are an option, local Utah lenders often have a deeper understanding of the state's housing market and can offer more personalized service. Compare their rates, fees, and customer reviews.
Get Pre-Approved: A mortgage pre-approval shows sellers you're a serious buyer and gives you a clear idea of how much you can afford. This can give you a significant advantage in Utah's competitive housing market.

Frequently Asked Questions About Utah Mortgages

What are the current average mortgage rates in Utah?

As of April 2026, the average 30-year fixed mortgage rate in Utah is around 6.42%, and the 15-year fixed rate is approximately 5.83%. These rates can fluctuate, so it's always best to check current offerings.

What is the median home price in Utah?

The median home sales price in Utah was $587,100 as of September 2025. This figure can vary significantly by county and city within the state.

Are there special mortgage programs for first-time homebuyers in Utah?

Yes, Utah offers several programs for first-time homebuyers, often through the Utah Housing Corporation (UHC). These programs can include down payment assistance, lower interest rates, and tax credits.

What are the credit score requirements for a mortgage in Utah?

For conventional loans, lenders typically look for a credit score of 620 or higher. FHA loans may accept scores as low as 580, while VA loans don't have a minimum credit score requirement, though lenders may impose their own.

How long does it take to close on a mortgage in Utah?

The mortgage closing process in Utah typically takes between 30 to 45 days, though it can be shorter or longer depending on the complexity of the loan, lender efficiency, and borrower responsiveness.

Utah Mortgage Rates 2026: Compare Best Options & Lenders

Utah Financial Snapshot

Mortgage in Utah: What You Need to Know

Top Mortgage Lenders in Utah

Primary Residential Mortgage, Inc.

Intercap Lending

SOFI BANK, NATIONAL ASSOCIATION

Citywide Home Mortgage

First Colony Mortgage Corporation

Utah Mortgage Rate Comparison Table

How to Choose the Best Mortgage in Utah

Frequently Asked Questions About Utah Mortgages