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FHA home loans in Lehi, Utah: 3.5% down, flexible credit, and current county loan limits. Pre-qualify with a local licensed loan officer.
Compare loan options against Lehi's $550K median price point before you shop, refinance, or lock a rate.
Nearby Coverage
An FHA loan makes homeownership accessible in Lehi, where the median home price is $550,000. With just 3.5% down, your minimum down payment would be approximately $19,250, compared to $110,000 for a conventional 20% down payment. For first-time buyers in Lehi's Alpine School District area, where the median household income is $105,000, the lower down payment requirement means you can start building equity years sooner. FHA loans are especially popular with buyers near Adobe and Microsoft who have steady income but haven't had time to save a large down payment.
Lehi pulses with tech-sector energy, Adobe, Vivint, and dozens of startups fill coffee shops and coworking spaces by morning. Thanksgiving Point offers the Museum of Natural Curiosity, Ashton Gardens, and a dinosaur museum. Traverse Mountain's retail village has craft pizza, boba tea, and boutique fitness. Commutes to Provo or SLC are 25–30 minutes each. The Murdock Canal Trail is a popular evening bike route connecting Lehi to Saratoga Springs. Community events include Lehi Round-Up Days, one of Utah's oldest rodeos.
Median Home Price
$550K
Median Rent
$1,750/mo
Population
82,000
Annual Growth
5.0%
Avg Days on Market
24
Owner-Occupied
78%
Ondo city medians as of Aug 2026 — verify. Not an MLS pull, appraisal, BPO, or CMA. Population and annual growth are approximate and are not tied to a named public source here. Check the U.S. Census Bureau for official figures.
We review your income, credit, and savings to determine your FHA eligibility and purchasing power. Pre-qualification typically takes 24–48 hours and gives you a clear budget range for your home search.
Work with our local agents who know the neighborhoods, schools, and market conditions. We help you find properties that meet FHA property standards so there are no surprises at appraisal.
Our loan team manages the FHA appraisal, underwriting, and closing process. We coordinate with the seller's agent, title company, and FHA appraiser to keep your timeline on track.
School District: Alpine School District
Notable schools: Lehi High School, Skyridge High School, Willowcreek Middle School
Epicenter of Utah's Silicon Slopes tech corridor at the Point of the Mountain between Salt Lake and Utah counties.
Outdoor Activities
Local Landmarks
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 Lehi 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.
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Loan information is provided by Ondo Real Estate (NMLS ID on file). This is not a commitment to lend, a loan approval, or an offer of credit. Rates, terms, and payments shown are estimates for illustration only, are not a quote, and are subject to credit approval, underwriting, and market conditions. You are not required to use Ondo for financing to buy or sell with Ondo. Equal Housing Lender. Program rules, fees, and county loan limits change. Confirm the current published schedule and lender overlays. Nothing here is a quote, a lock, or a credit decision. Licensing and disclosures