Utah Reverse Mortgage & VA Loan Specialist

You can buy a home in Utah with a credit score as low as 580 using an FHA loan, 620 for conventional, and there is no published minimum for VA loans (most lenders use 580–620).

Utah veterans can buy with 0% down, no monthly mortgage insurance, lower rates than conventional, and flexible credit guidelines — all backed by the Department of Veterans Affairs.

Pre-approval typically takes 24–48 hours with complete documents. Full loan approval to closing usually runs 18–30 days for purchases in Utah. The timeline depends on how quickly income, asset, and employment documents arrive, how fast the appraisal is scheduled, and whether the file has complications such as self-employment income or a gift down payment. Clean, complete files close on the short end of that range.

A reverse mortgage (HECM) lets Utah homeowners 62 and older convert home equity into tax-free funds without monthly mortgage payments. You stay on title and continue to own the home.

Utah buyers can put as little as 0% down with a VA or USDA loan, 3% with conventional, or 3.5% with FHA. Down-payment assistance programs are also available statewide.

No. With a reverse mortgage you remain on title and continue to own your home. As long as you live there, pay property taxes and insurance, and maintain the home, the loan cannot be called due.