FAQ
Should I use an FHA or conventional loan in Utah?
FHA is best for lower credit scores (580–660) and small down payments. Conventional is better above 680 with 5%+ down because it avoids permanent mortgage insurance.
By Tres Miller · Mortgage Banker · NMLS #217768
Reviewed June 22, 2026 · 31+ years lending in Utah
Quick Answer
FHA is best for lower credit scores (580–660) and small down payments. Conventional is better above 680 with 5%+ down because it avoids permanent mortgage insurance.
Detailed answer
FHA requires Mortgage Insurance Premium (MIP) for the life of the loan in most cases. Conventional Private Mortgage Insurance (PMI) can be removed at 20% equity. For Utah buyers with strong credit and even modest down payments, conventional typically wins over time. For buyers rebuilding credit, FHA is the right tool.
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