Are you a first-time homebuyer, have limited savings for a down payment, or a lower credit score? A government-backed FHA loan could be the perfect solution. At Utah Low Rate, we specialize in helping local buyers in Murray, Utah secure FHA financing with low rates, flexible terms, and a smoother path to homeownership.Whether you're just starting your journey or exploring refinancing options, our experienced mortgage professionals are here to guide you through every step — from pre-approval to closing.

What Is an FHA Loan?

An FHA loan is a mortgage insured by the Federal Housing Administration (FHA), designed to make homeownership more accessible, especially for those who may not qualify for conventional loans.

Unlike traditional mortgages, FHA loans allow for lower credit scores, smaller down payments, and more forgiving debt-to-income ratios — making them ideal for first-time buyers, young families, and moderate-income borrowers in Murray, UT and across Salt Lake County.

✅ Key Benefits of FHA Loans

  • Low down payment — as little as 3.5%
  • Flexible credit requirements (minimum credit score typically 580)
  • Competitive interest rates backed by FHA guidelines
  • Assumable loan — future buyers can take over your mortgage
  • Gift funds allowed for down payments and closing costs
  • Options for fixed or adjustable rates
  • Available for purchase, refinance, or home improvement loans

Why FHA Loans Work So Well in Murray, UT

Located in the heart of Salt Lake County, Murray offers a wide variety of FHA-eligible properties, including single-family homes, townhomes, and condos. With a stable housing market, strong job growth, and accessibility to Salt Lake City via TRAX and I-15, Murray is ideal for first-time buyers and families looking for affordability without sacrificing convenience.

Why Murray is FHA-friendly:

  • Home prices often fall within FHA loan limits for Salt Lake County
  • A mix of older and newer homes ideal for FHA 203(k) renovation loans
  • Proximity to major employers, schools, and hospitals
  • FHA-approved condos and multifamily homes available
  • Ideal for buyers with limited down payments or moderate income levels

Our FHA Loan Services in Murray, Utah

At Utah Low Rate, we provide a full range of FHA mortgage solutions, whether you're buying, refinancing, or improving your home.

FHA Purchase Loans

Buy your first or next home with as little as 3.5% down. We’ll walk you through FHA guidelines and help you find a home that fits your budget and goals.

FHA Pre-Approval

Get a fast and accurate pre-approval so you can shop confidently in the competitive Murray housing market. Know your price range and strengthen your offer.

♻️ FHA Streamline Refinance

Already have an FHA loan? Refinance with fewer documents, no appraisal (in many cases), and minimal costs using the FHA streamline refinance program.

️ FHA 203(k) Renovation Loans

Buy a fixer-upper or make upgrades to your current home with a single loan that covers both the purchase price and renovation costs.

FHA Refinance for Non-FHA Loans

Refinance from a conventional loan to an FHA loan to take advantage of better rates or more flexible qualification terms.

Who Should Consider an FHA Loan?

FHA loans are designed to help more people become homeowners — especially those with unique financial situations or lower credit scores. You may benefit from an FHA loan if:

  • You're a first-time homebuyer with limited savings
  • You have less-than-perfect credit or past credit issues
  • You’re relying on gift funds or down payment assistance
  • You're purchasing a home that needs renovations or repairs
  • You’re self-employed or have a non-traditional income source
  • You need higher debt-to-income ratio flexibility than conventional lenders allow

FHA Loan Limits in Murray, UT (Salt Lake County – 2025)

FHA loan limits are set annually by the Department of Housing and Urban Development (HUD) and vary by county. For Salt Lake County, including Murray, the 2025 FHA loan limits are:

  • One-unit property: $498,257
  • Two-unit property: $637,950
  • Three-unit property: $771,125
  • Four-unit property: $958,350

These limits make FHA financing ideal for a variety of property types in the Murray market, especially for first-time buyers and growing families.

Why Choose Utah Low Rate for Your FHA Loan?

At Utah Low Rate, we focus on more than just getting you approved — we help you understand your options, make informed decisions, and secure a loan that fits your life.

Here's what sets us apart:

  • Local Expertise – We know Murray’s housing market, neighborhoods, and property types that qualify for FHA financing.
  • FHA Loan Specialists – Our team has deep experience navigating FHA rules and finding the best solution for each buyer.
  • Fast, Transparent Process – No guesswork, no hidden fees. We guide you every step of the way — from pre-approval to closing.
  • Flexible Lending Options – Whether you're a first-time buyer, upgrading, or refinancing, we tailor the loan to your needs.
  • Real Support, Real People – We’re based in Utah, not a national call center. When you work with us, you get personal service and local care.

️ Areas We Serve

We proudly serve Murray and the surrounding communities in Salt Lake County, including:

  • Cottonwood Heights
  • Midvale
  • Taylorsville
  • South Salt Lake
  • Sandy
  • Holladay
  • West Jordan
  • Salt Lake City

No matter where you're looking to buy or refinance, we’re your trusted partner for FHA loans in Murray, UT and beyond.

Ready to Apply for an FHA Loan in Murray?

Whether you're buying your first home or exploring your refinancing options, Utah Low Rate is here to make your FHA loan process fast, simple, and affordable.

✅ Get pre-approved online in minutes
 ✅ Speak with a local loan advisor who understands your goals
 ✅ Explore FHA options with no pressure and no obligation

Let’s make homeownership happen — together.