FHA Loans in Clinton, Utah

The minimum credit score for an FHA loan with 3.5% down is 580. If your credit score is between 500 and 579, you may still qualify with a 10% down payment. These are FHA minimums, individual lenders may have overlays that require higher scores. We work with multiple FHA-approved lenders to find the best fit for your credit profile. If your score is below the minimum, we can recommend credit counseling resources to help you get mortgage-ready.

FHA loans require both an upfront mortgage insurance premium (UFMIP) of 1.75% of the loan amount and an annual mortgage insurance premium (MIP) paid monthly. The annual MIP rate depends on your loan amount, down payment, and term length. For most borrowers putting 3.5% down on a 30-year loan, the annual MIP is 0.55% of the loan balance. Unlike conventional PMI, FHA MIP remains for the life of the loan unless you refinance to a conventional loan after building sufficient equity.

Yes. FHA loan limits vary by county and are updated annually. In Utah County and Salt Lake County, the current FHA loan limit for a single-family home is significantly higher than the national baseline. We can confirm the exact limit for Clinton and help you determine if the median home price in your desired neighborhood falls within FHA limits. If you need a loan above the FHA limit, we can explore conventional and jumbo options.

Yes. The FHA 203(k) rehabilitation loan lets you finance both the purchase price and renovation costs in a single mortgage. There are two types: the Limited 203(k) for cosmetic improvements up to $35,000, and the Standard 203(k) for larger structural renovations. This can be especially valuable in older neighborhoods where homes may need updating. We guide you through the contractor selection and draw process.

Hill AFB is Clinton's economic engine. Active-duty military, civilian DOD employees, and contractors from Northrop Grumman, Boeing, and L3Harris form a substantial portion of the renter pool. Military relocations create predictable turnover cycles, typically summer PCS moves, which experienced investors plan for by timing lease expirations to align with incoming personnel. BAH (Basic Allowance for Housing) rates for the area support competitive rents, and military tenants often maintain properties to a high standard.

Many of Clinton's newer subdivisions have active HOAs with monthly dues ranging from $30–$75. These typically cover common area maintenance, entry features, and sometimes trail access. For investors, HOA rules may restrict rentals (some cap the percentage of rentals in a community), require architectural approval for exterior changes, or mandate specific landscaping standards. Always review CC&Rs before closing, some Clinton HOAs have become more restrictive in recent years as homeowner sentiment shifts.

Clinton to downtown SLC is about 35–45 minutes via I-15, depending on traffic. The Clearfield FrontRunner station is a 10-minute drive and offers rail service to SLC in approximately 50 minutes. Many Clinton residents who work in SLC use FrontRunner daily, which is a selling point for renters who want suburban living without two-car dependency. UTA bus routes also connect Clinton to the FrontRunner station.